Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts
Market Ibadan Business Festival officially kicks off today at the University of Ibadan. Organizers told IBPulse.com the event is 'a blend of business and cultural festival'.

You know a place as big and beautiful as the Ventura Mall has problems when you've not read much about it on IBPulse.com. If that's your thought, you are very right - to some extent.
On Thursday June 19, Shoprite opened its largest store in West Africa at the Ibadan Mall, Opposite High Court, Ring Road Ibadan.



Nigeria’s largest local search engine, VConnect has announced a strategic partnership with Stanbic IBTC, a leading banking conglomerate in Africa and provider of integrated financial services, to enable SME customers of both companies gain online presence and have access to financial aid which would help these SMEs increase reach and profit.

The Africa Finance Corporation (AFC or the Corporation), a multilateral development financial institution headquartered in Lagos,  has today secured its first International credit rating from Moody’s Investors Service (Moody’s).  

Leading Internet Service Provider (ISP) on Fourth Generation (4G) Long Term Evolution (LTE) technology platform, Spectranet Limited, has announced plans to extend its services to Ibadan in the first quarter  of 2014.

Nigeria's largest ecommerce platform has revealed plans to extend its services to Ibadan.



A stakeholder in the Nigerian education sector has described entrepreneurship as the factor that separates theory from practical. Mr. Olukunle Adeosun, representative of the permanent secretary of the ministry of education, said this while speaking at the Second Junior Engineers, Technicians and Scientists (JETS) competition of the School of Science, Pade.

The major destination for shoppers in the ancient city of Ibadan, Shoprite is wearing new look for the yuletide season. The Cocoa Mall outlet which is reputable for its brilliant decorations during festive periods has taken its Christmas designs to an all new height.

Integrated Energy Distribution and Marketing Company has taken over the Ibadan Electricity Distribution Company, following its successful bid for the company that is in charge of electricity distribution to one of Africa's largest cities.

The official handover was performed by Vice President Namadi Sambo who warned that all the federal government would hesitate to sanction non-performing core investors taking the PHCN successor company.

He added that the Nigerian Electricity Regulatory Commission (NERC) and the Bureau of Public Enterprise will continue to monitor the operations of the 18 successor companies that took over the Power Holding Companies of Nigeria (PHCN).

"The reform and privatisation of the power sector are rightly focused on big picture, that is the impact on the economy as a whole and ultimately. In this regard privatisation must be seen as a necessary tool for the deregulation and opening up of hitherto government dominated sector of the economy to the private sector as well as divestiture of government interest in such sectors," Sambo said.

Responding, Babatunde Ayeni,Vice-Chairman of Integrated Energy Distribution and Marketing Company, said the company is aware of the enormous challenge of providing uninterrupted power supply. To achieve this goal he said the company is acquiring necessary infrastructures.

"We have employed the MERALCO company from Philippine with 102 years of experience to manage our technical facilities.


"We plan on massive human capital development and advance technological input to ensure stable power in the country, adding that they will promote the culture of energy saving.


"We will adopt usage of smart meters, transparent billings and collection systems to improve and steady supply of power. We will continue to welcome suggestions for improvement," he said.


 Olajide Bamidele is the South West Regional Manager of 360Pera Solutions. He spoke to IBPulse.com on the business prospects of Ibadan.