African Development Bank Group Launches $50 Million Fund to Combat School-Age Hunger in Africa

The African Development Bank Group (AfDB) has approved the establishment of the End School-Age Hunger Fund (ESAH), a dedicated initiative aimed at addressing hunger and malnutrition among school-aged children across Africa.

Global Ad Market Faces $20bn Cut Amid Trade and Economic Turmoil

...Advertising Growth Forecasts Cut Due to Market Volatility

Growth projections for global advertising spend have been revised downward for both 2025 and 2026, with this year’s estimate dropping by 0.9 percentage points to 6.7% and next year’s by 0.7 percentage points to 6.3%. This adjustment equates to a $19.8 billion reduction in anticipated ad spending.

First Asset Management Enters US Equity Market with FBN Blended Dollar Fund Launch

First Asset Management, a leading Nigerian investment firm and subsidiary of First HoldCo Plc, has introduced the FBN Blended Dollar Fund, offering investors a strategic mix of U.S. equities and high-profile Nigerian investments. The fund aims to optimise returns and provide a hedge against inflation and currency fluctuations.

Coca-Cola in Talks to Rejoin Premier League as Official Partner

Three years after its previous deal expired, the Coca-Cola Company is in advanced discussions to return as a top-tier commercial partner of the Premier League, marking a potential comeback.

MTN and Airtel Africa Partner to Expand Network Infrastructure in Uganda and Nigeria

MTN Group and Airtel Africa have announced a strategic partnership to share mobile network infrastructure in Uganda and Nigeria, a move aimed at enhancing service coverage while optimizing investment expenditures. The collaboration was confirmed in a joint statement released on Wednesday.

Bigi Returns as Headline Sponsor for Nigerian Idol Season 10

...Show Kicks Off on April 20

Bigi Carbonated Soft Drinks, the flagship brand of Rite Foods Limited, proudly continues its support for musical talent by returning as the headline sponsor of Nigerian Idol Season 10. This marks the fifth consecutive year of Bigi’s partnership with the reality music competition, reaffirming its commitment to fostering entertainment excellence in Nigeria.

Five Essential WhatsApp Business Features Every Small Business Should Use

Micro, small, and medium-sized enterprises (SMBs) are the backbone of economies worldwide, accounting for 90% of businesses, over 70% of employment, and 50% of global GDP, according to the United Nations. These businesses drive innovation, create jobs, and fuel economic growth. In Nigeria, SMBs play a vital role in strengthening local economies and contributing significantly to the nation’s GDP.

itel Power 70 Redefines Battery Life: Why Tecno, Infinix, and Redmi Are Struggling to Keep Up

The Nigerian smartphone market is fiercely competitive, with brands constantly pushing the envelope on innovation and affordability. While Tecno, Infinix, and Redmi have long been dominant players, the itel Power 70 is shaking up the landscape. With its massive 10,000mAh battery, superior durability, and impressive high-end features at an unmatched price, the itel Power 70 is setting new standards. Here’s how:

Nigerian Exchange Closes Positive as Investors Gain N26bn

The Nigerian Exchange (NGX) market capitalisation increased by N26 billion on Tuesday, as investors saw a rise in their portfolio values. This marked the second consecutive day of positive trading, with the All-Share Index rising by 0.04% to 105,593.28 points.

New Balance 1000 “Sea Salt” Brings a Fresh Take to Grey Day

New Balance’s annual “Grey Day” celebration continues to be a major event on the brand’s calendar, honoring its legacy of neutral-toned footwear. This year, the New Balance 1000 joins the lineup with a sleek “Sea Salt” edition.

Samsung Co-CEO Han Jong-hee Passes Away at 63

Samsung Electronics announced on Tuesday the sudden passing of its co-CEO, Han Jong-hee, at the age of 63, due to a heart attack. His unexpected death leaves a significant leadership gap at the South Korean technology giant.

UBA Reports 26.1% Profit Growth to N766.57 Billion in 2024, Proposes N3 Final Dividend

United Bank for Africa Plc (UBA) has announced a 26.1% increase in its profit after tax for the 2024 financial year, reaching N766.57 billion compared to N607.70 billion in 2023. This growth translates to an earnings per share of N21.73, up from N17.49 in the previous year.

Chelsea co-owner Hints at Potential Split with Clearlake Over Stamford Bridge Plans

Chelsea co-owner Todd Boehly has suggested that the club’s ownership structure could change depending on the outcome of discussions regarding the future of Stamford Bridge.