Happy Good Friday and Easter celebration, welcome to the latest Brand Spur Nigeria News headlines for today Friday, April 2nd, 2021.
Coven Works, a Nigerian-American Information Technology company, is collaborating with French School to help Nigerians advance learning in Artificial Intelligence (AI), Business and Ethics.
The partnership was announced by Olusola Amusan, the Chief Executive Officer of Coven Works in Abuja.
Amusan said the institution, Aivancity School for Technology, Business and Society, Paris-Cachan, Paris, was built around three cores areas – AI, Business and Ethics of the 21st century.
International Breweries Plc. (INTBREW) managed to sustain its upward revenue trajectory, after a shaky start to the 2020 financial year. The brewer reported a 3.35% YoY growth in revenue to NGN136.79bn, overcoming a challenging first half (during which revenue was down 11.68% YoY due to social restrictions and absence of on-trade sales).
A gradual reopening of on-trade channels and festivity-driven demand fueled the rebound in third and fourth-quarter sales (up 22.79% and 16.90%YoY respectively), resulting in cumulative year-on-year growth. For 2021FY, our expectation for revenue growth is anchored on a more robust recovery of on-trade sales(which is responsible for almost 70% of total industry sales) as vaccination efforts in the country gather momentum.
UBN’s topline slightly decreased by 3.75% YoY to NGN166.55bn in 2020FY on the back of a downtrend in interest income and fees. Decline in Interest income by 3.34% YoY to NGN113.16bn (vs. NGN117.07bn in 2019FY) was driven by a drop in investment securities as a result of the low-interest rate environment and decline in asset yield during the year.
Also, despite the rapid growth in the bank’s digital footprint, e-business income and account maintenance fees dragged fees and commission income down by 4.61% YoY to NGN14.27bn. Nevertheless, non-interest income increased by 3.86% YoY to NGN44.48bn supported by FX revaluation gains which grew by 368.71% to NGN3.82bn. Gains (+104.57% YoY) on disposal of fixed income securities also contributed to the growth in non-interest income.
Access Bank Plc has declared gross earnings of N764.7 billion for the financial year ended Dec. 31. 2020, in spite of the challenging economic and regulatory landscape.
The bank said, in a statement on Friday, that the gross earnings represented an increase of 15 per cent, when compared with the N666.75 billion it reported in the 2019 financial year. Profits before tax stood at N125.9 billion in contrast with N115.38 billion achieved in the comparative period of 2019, the statement said.
The nation’s bourse opened the month of April with a loss of N67 billion, amid profit-taking.
Specifically, the market capitalization which opened for the month at N20.428 trillion dipped N67 billion or 0.33 per cent to close at N20.361 trillion. The downturn was supported by investors’ portfolio readjustment ahead of first-quarter earnings results.
Xiaomi officially launched its first foldable smartphone, Mi MIX FOLD, at the Spring 2021 New Product Launch that previously saw the announcement of Mi 11 Pro and Mi 11 Ultra.
Equipped with a large 8.01” WQHD+ resolution flexible internal display and a 6.52” external display, this innovative new device touts the largest foldable display on any smartphone to date. The device boasts even more firsts, debuting Xiaomi’s own Surge C1 Image Signal Processor optimized for professional photography, and sporting the first Liquid Lens seen in a smartphone.
Welcome to the month of April, the fourth month of the year 2021. A happy new month to you, your friends, and your family from Brand Spur Nigeria.
Being a new day of a new month, many expect good wishes from their friends, family members, and loved ones, hence, a need to compile one.
Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to you, there is no time to get desperate – the first thing you need to do is take care of your security. Here is how to block your SIM card and bank account in case of an emergency.
Audi has made important steps on the way to its debut in the famous Dakar Rally in January 2022. The concept of the innovative prototype for the world’s toughest cross-country rally has almost been concluded.
The first tests are planned for the middle of the year. Project management for the company’s factory motorsport commitments has been taken over by Andreas Roos, who was most recently responsible for the successful DTM program at Audi Sport.
Gerety Awards has been billed to honour Nigerian creatives and in its usual practice, the organizer of the awards has selected a set of jurors who are big names in the Nigerian advertising and marketing communications landscape to judge the entries for 2021 and is also partnering with Brand Spur Nigeria as its main media partner in Nigeria.
The Gerety award is an event that rewards the highest and purest of creative excellence in advertising and communications; created to redefine Advertising and Communications by setting a new benchmark in global creative awards with its all-female power jury.
That’s the latest Brand Spur Nigeria News Headlines for today. Read more business, brand news on Brand Spur Nigeria. See you again next Friday.