In continuation of its efforts to reduce its environmental footprint, HP Inc. Wednesday reaffirmed its commitment to eliminating 75 per cent of single-use plastic packaging by 2025. The company restated the commitment in its just-released 2019 Sustainable Impact Report, which also highlights the progress HP is making to drive diversity and inclusion, as well as strengthen communities globally. “The HP culture has long been built on the belief that how we do things is just as important as what we do. Recent events have laid bare the systemic racism and deep inequalities that remain a stain on society, and it’s…
Author: DigitalTimesNG
Stakeholders in the Nigerian Capital market, Asset Management and Banking Industries have called for a rethink of the nation’s economic philosophy and a reset of the financial market architecture. This was part of the major takeaways from the “Zimvest Economy Conversations”, a thought-leadership series of Digital Private Wealth and Investment Management Firm, Zimvest (Zedcrest Investment Managers) held on Saturday, June 20, 2020. Gbenga Adigun, Business Head of Zimvest, in his opening remark during the virtual event, noted that investors are gravely concerned with investment returns in the light of the current low yield environment while financial institutions are thinking of how their product…
Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami Tuesday launched and unveiled the Nigerian Communications Commission (NCC)’s 5-year Strategic Management Plan 2020 – 2024. This development is in line with the directives of President Muhammadu Buhari to all parastatals and agencies of government under the supervision of a Ministry to ensure they are efficient and effective in service delivery to Nigerians. The Strategic Management Plan (SMP) is aimed at creating a seamless strategy to actualise Digital Economy in the country and also leverage on the National Digital Economy Policy and Strategy as well as the National…
Access Bank Plc has launched a digital lending portal, “Cashflow Loans by Access”, which is a solution for business owners to access loans easily from the comfort of their homes via an online platform while staying safe. This new service, which is part of its effort to provide access to finance for SMEs to grow and expand their businesses, is accessible to all Small and Medium Enterprise customers who have established sufficient cashflow records with the Bank. Victor Etuokwu, Executive Director, Retail Banking, Access Bank Plc, while speaking at the launch of the digital lending portal, reiterated the Bank’s commitment to impact SMEs positively. “In a…
Microsoft Corp on Tuesday set a five-year diversity goal to address racial inequality at its offices, following protests over police brutality against African Americans in the United States. According to Reuters, the company said it will add another $150 million in diversity and inclusion investment to double the number of Black and African-American people managers, senior individual contributors, and senior leaders in the United States by 2025. The death of George Floyd at the hands of Minneapolis police triggered protests in the United States against racial inequality, while also forcing companies to confront the discrimination that remains prevalent in…
MasterCard is accelerating its open banking strategy through the $825 million acquisition of real-time financial data aggregation service Finicity, according to a report by Finextra. Salt Lake City-based Finicity works with thousands of banks and fintechs, using APIs to help smooth the exchange of customer data. With open banking seen as a “growing global trend” by MasterCard president Michael Miebach, the payments giant is keen to cash in, adding Finicity’s technology and teams to its platform as it seeks to win over banks and fintechs. The deal will also be good for consumers and businesses, says MasterCard, helping to…
In compliance with the directive of the Federal Ministry of Aviation that all agencies in the sector relocate their corporate headquarters to Abuja, the Federal Airports Authority of Nigeria (FAAN) has moved its corporate headquarters to Abuja. In a release signed by Mrs Henrietta Yakubu, General Manager, Corporate Affairs at FAAN and made available to DigitalTimesNG, the Authority said the move is aimed at ensuring operational efficiency, while also improving the quality of service delivery to our esteemed customers. The statement noted that already, the Managing Director, Capt. Rabiu Yadudu, Directors and other critical members of staff of…
Coca Cola Africa has partnered with Disrupt Africa to launch a startup challenge aimed at identifying tech-based solutions for measuring the performance of its products in markets largely dominated by the informal trade, according to a report in kachwanya.com Dubbed “Tracking Revolution Challenge”, the project will see Disrupt Africa source startups from across the continent and give them the chance to pitch in front of Coca-Cola executives for the opportunity of securing a pilot project with the company. “Modern trade such as hypermarkets and supermarkets are relatively simple to track as information is collected via the scanning methodology at tills,” said…
By Lucky La RICCIA Digital technologies are transforming industries worldwide. With 5G being deployed across the region, service providers increasingly recognize the new business opportunities that digital transformation of the enterprise market will bring. However, to successfully address these opportunities and accelerate longer-term growth, they need to extend their focus from traditional revenue streams to centre on digitalizing targeted industries. While leading service providers in the region are already taking steps to look beyond connectivity and focusing on a few specific industries, they should also expand their strategic ambition beyond mobile broadband in each targeted industry. According to the…
Nigeria’s leading video entertainment provider, MultiChoice Nigeria, recently commissioned Accenture, a top accounting and consulting firm in Nigeria to measure the socio-economic impact of its business in Nigeria between 2015 and 2019. According to the report, MultiChoice Nigeria had contributed an estimated US$2.1bn to the Nigerian economy within the period under review. Accenture estimated that the company had specifically spent over $428 million in developing local creative talent, as a result of sourcing and producing local content for DStv, GOtv, M-Net, SuperSport, and Africa Magic, and investing in building local production infrastructure. This investment has greatly helped to support the Nigerian movie industry,…