The Vice President of Nigeria, Prof Yemi Osinbajo, and Facebook’s Vice President of Policy and Communication, Nick Clegg, are set to hold a virtual fireside chat on Facebook LIVE, on the 18th of September, 2020.
Hosted as part of Facebook’s activities during the UN General Assembly, and moderated by Omowale David-Ashiru, VP Global Operations, Andela, this session will explore the growth of Nigeria’s digital economy, the investments both parties are continuing to make in the country, and Facebook’s role in economic development across Sub-Saharan Africa.
As the Chair of Nigeria’s Economic Sustainability Committee, VP Osinbajo will highlight the importance of digital technologies, innovation hubs, and private equity funding in ensuring economic growth and development in the country, whilst sharing further insight into Nigeria’s Post-COVID Economic Recovery Plan (ERP).
The 45-minute event will be streamed on Facebook Live on the 18th of September at 16:05 pm – 16:50 pm WAT.
HEADLINES YOU MIGHT HAVE MISSED FROM BRAND SPUR
Olam Cocoa has today announced the launch of Olam Cocoa for Professionals, a new business which will make its premium deZaan cocoa powders available to restaurants, caterers, and patisseries for the first time.
7Up bottling company is one of the leading trademarks that deals with beverages. It produces and distributes carbonated soft drinks such as 7up, Mirinda, Pepsi, Teem, Mountain Dew, H2oH!, Lipton Ice Tea and Aquafina premium drinking water.
Netflix, an American technology and media services provider and production company headquartered in Los Gatos, California, founded in 1997 by Reed Hastings.
In the just concluded week, total debt figure released by the Debt Management Office (DMO) showed that Nigeria’s total public debt stock for the second quarter of 2020 increased by 8.31% to N31.01 trillion as at June 2020 (from N28.63 trillion as at March 2020).
Fitch Ratings’ new interactive country-by-country map of bank rating trends shows that the balance of Outlooks globally has turned sharply negative since the onset of the coronavirus pandemic. The proportion of bank ratings on Negative Outlook or Rating Watch Negative (RWN) shot up to over 60% at end-1H20 from 13% at end-2019. The proportion on RWN was 10%, the highest in recent years, reflecting near-term risks to many banks’ ratings. There were virtually no ratings on Positive Outlook or Rating Watch Positive.
The Debt Management Office on Wednesday, 9th September, announced that Nigeria’s public debt has risen to N31.01 trillion at the end of June.
Hyundai Motor Company is leading the digital transformation in the era of COVID-19 and beyond with the launch of ‘Channel Hyundai’, an interactive app for smart TVs featuring multimedia content and a digital interface for customers to experience the brand in a new way.
An agriculture development firm, Agro-Allied Resources and Processing Nigeria Limited has commenced the development of a 14,000-hectare oil palm plantation in Odighi Community, in Ovia North East Local Government Area of Edo State.
Nigerian genetics startup 54gene has partnered US firm Illumina to power the creation of a world-class genomics facility in Lagos.
Over 1,000 women of the Magboro Makogi community, through a Coca-Cola Foundation-sponsored program; Catalyst For Change, were trained for over four weeks on relevant skills with more than 200 empowered to start their own businesses.
The Debt Management Office (DMO), on behalf of the Federal Government of Nigeria (FGN), has introduced a retail savings product that will be accessible to all income groups – the FGN Savings Bonds.
With COVID-19 lockdown measures around the world easing, just under three-quarters of global consumers (71%) now report feeling comfortable returning to physical stores since local lockdowns have eased, according to research published today by Mood Media, the world’s leading on-premise media solutions company dedicated to elevating the Customer Experience.
In the stock market, the technology sector is among the best performing categories in recent years based on their Return on Investment (ROI). Despite being vulnerable just like other stocks, the category has remained resilient.
The Nigerian equity market today began the trading week on a negative note as the All-Share-Index depreciated by 0.09% to halt previous positive sentiment of six consecutive trading day.