MTN announces N2trn revenue, highest ever for listed firm

February 3, 2023 Blessing Anaro, 0

Nigeria’s largest telecommunications company MTN became the first publicly listed company to hit the N2 trillion mark in revenues. MTN first cross one trillion naira in revenues in 2019 meaning it has taken the company just three years to surpass N2 trillion in revenues. The company released its 2022 audited financial statements posting revenue of N2 trillion a 21.6% rise Read More

Domestic equity remains bullish, gains N272bn

February 3, 2023 Amaka Ifeakandu 0

Trading activities on the floor  of Nigerian Exchange )NGX) closed in positive direction on Thursday, appreciating by N272 billion, despite the scarcity of fuel and new naira notes in the financial system. The market during the yesterday’s trading hit N29 trillion mark on the process. Capital market operators said that many investors instead of depositing their old cash in the Read More

MTN leads GLO, Airtel, others on inward porting in 2022

February 3, 2023 Segun Odunewu 0

Nigeria’s biggest telecom firm, MTN led other network providers in inward porting in 2022, accounting for 20,123 subscribers that ported from other networks to its network out of the total 30,491 recorded in the period. According to latest statistics by the Nigerian Communications Commission, MTN, which has 40.06 per cent market share, recorded 20,123 subscribers that ported from other networks Read More

Vic Kitchen Plug to open new outlet in Lagos, says CEO

January 24, 2023 Bode Olagoke 0

The Chief Executive Officer of Vic Kitchen Plug, Iloanya Victor Uche, has revealed plans on opening new branch office, which will also be located in Alaba International Market in Lagos. He added that the new outlet will be one of the best so far. Iloanya believes that the greater the risk an investor is willing to take, the greater the Read More

100 looms weaving competition’ll attract investment into Ebira land – Official

December 22, 2022 Benjamin Umuteme 0

Organisers of the Ohueje Ohinoyi Heritage Festival have said that the ‘The 100 Looms Plus’ competition would attract investment into Ebiraland. Chairman of the event planning committee, Alhaji Sheidu Adinoyi Tijani, who said Ebira women have benefited from previous competition due to increased patronage of their businesses. According to him, the competition is a platform for weavers to showcase their Read More

Abuja-Kaduna train services set to resume, 8 months after terrorists’ killings, abduction 

December 4, 2022 Adeola Akinbobola 0

The  Federal Government has announced the resumption of the Abuja -Kaduna train services on Monday December 5, 2022.  This is coming after eight months when the train service was suspended due to terrorists’ attack on the line, where over 10 persons were killed and over 50 others abducted.  In a press release signed by the Managing Director of the Nigeria Read More

Kano lifts ban on tricyclists’ operations in strategic streets 

December 1, 2022 Bashir Mohammed 0

The Kano state government has at the eleventh hour lifted the ban imposed on tricyclists’ operation in strategic roads in Kano metropolis, following extensive deliberation on the embagoe which lasted for 24 hours. The decision came on the heels of the furore generated by what  the  tricyclists described as a punitive measure introduced by the Kano Roads Traffic  Agency, popularly Read More

Invest more in education, Olubando-Okoya advises government 

August 19, 2022 Blessing Anaro 0

A former board member of Eleganza Industries and philanthropist, Hajia Maimunat Olubando-Okoya, has said Nigerian youths are the future of the country hence the need to invest properly in their future. Olubando-Okoya, who is the founder of Alrasheed Almajeri Foundation that caters for the less privileged in partnership with other Non-Governmental Organisations (NGOs) disclosed this recently in an interview. She Read More

Bread makers begin warning strike

July 20, 2022 Rosemary Moribirin 0

Bread makers, under the aegis of Premium Bread makers Association of Nigeria (PBAN), have begun a four-day warning strike over rising cost of baking materials in the country. In a statement by the association’s spokesperson, Babalola Thomas, Wednesday, he stated that the duration of the strike action will be extended if the government fails to intervene. Mr Thomas said their Read More

Six companies raise N246.28bn corporate bonds in 6 months

July 17, 2022 David Agba with agencies 0

Six Nigerian companies issued corporate bonds worth N246.28 billion in order to improve their balance sheet and scale up their operations during the half-year ended June 30, 2022. The major deals consummated in the Nigerian corporate scenes during the period are: Dangote Cement, Sub-Saharan Africa’s largest cement producer which raised N116 billion in the largest corporate bond issuance in the Read More

Flutterwave debunks money laundering allegations in Kenya, says ‘we did no wrong’

July 8, 2022 Bode Olagoke 0

Flutterwave Payment Technology Limited, a leading Nigerian fintech company, has reacted to media reports that it was involved in an alleged money laundering scheme in Kenya. A statement by the company on Thursday, said the claims are entirely false, stressing that it maintains the highest regulatory standards in its operations. It further explained that as a payment platform, it earns Read More

‘Remote’ work will define post-COVID-19 business landscape – Expert

March 10, 2022 Segun Odunewu Lagos 0

The remote work adopted by business organisations at the height of the COVID-19 outbreak which was said to have evolved with blended, hybrid environments, now taking centre stage has been predicted to be the determinant of the post-pandemic business landscape. Country Manager for Microsoft Nigeria, Ola Williams, quoted Microsoft’s latest Work Trend Index (WTI) as saying: “The best of both Read More

Breaking: Obi Cubana now free from EFCC custody – Associate

November 2, 2021 Editor 0

Popular billionaire businessman Obi Iyiegbu, popularly known as Obi Cubana is now a free man, Blueprint reports. He was was reportedly released from the custody of the Economic and Financial Crimes Commission (EFCC) on Tuesday, according to his close associate Instigator PH who shared the information on his Instagram page. The news of Obi Cubana’s arrest was everywhere on Monday. The Read More

Breaking: EFCC opens up as security operatives invade Mary Odili’s residence

October 29, 2021 Editor 0

The residence of a Supreme Court Justice, Mary Odili, on Friday suffered invasion by suspected armed Police and Soldiers. This is as the Economic and Financial Crimes Commission (EFCC) has swiftly denied being involved in the reported raid. Reports earlier suggested that the security operatives arrived at Justice Odili’s Abuja residence and made immediate attempt to break in, but the wife Read More

Contemporary youth: Radio vs social media

October 28, 2021 Aliyu Musa 0

Radio, for decades, has been one of the ways of information dissemination globally. News, music, and information are transmitted to the audience through radio waves, while the audience receives them as sounds on their radio sets. For years, till now, the radio and television have been the most reliable sources of information. This is because there, news or any other Read More

Nigeria as Africa’s top FDI destination

October 25, 2021 Jantiku Ijanada 0

According to the National Bureau of Statistics (NBS’) publication on Nigeria’s capital importation report for the first and second quarters of 2021, the nation received a sum of $875.62 million foreign inflows in Q2 2021, representing a year-on-year decline. Despite this, the Absa Africa Financial Markets Index 2021 (AAFMI) produced by the Official Monetary and Financial Institutions Forum (OMFIF) and Read More

APC presidential aspirant Ayom lauds Buhari, Xi Jinping bilateral cooperation

October 24, 2021 Bode Olagoke 0

A chieftain of the ruling All Progressives Congress (APC) and real estate mogul, Moses Ayom has described the relationship between Nigeria’s President Muhammadu Buhari and China’s counterpart Xi Jinping as the standard for bilateral cooperation in the world. Ayom, who is aspiring to succeed President Buhari in 2023, said in a goodwill message to both countries marking 50 years of Read More

2023: 12 presidential aspirants to join ADC – National chairman

October 20, 2021 Bode Olagoke 0

The national chairman of the African Democratic Congress (ADC) Hon. Ralph Nwosu, has revealed that about twelve presidential candidates of different political parties have agreed to join his party, adding that Nigerian youth have agreed to adopt the party come 2023 general elections. Speaking at the national secretariat of ADC Wednesday in Abuja, when he officially received former Presidential candidate Read More

I never accused Akume of interfering in lottery operations – Board chair

October 18, 2021 Bode Olagoke 0

The chairman, Board of Lottery Regulatory Commission, Alhaji Fatai Ibikunle has debunked media reports in some section that he accused Minister of Special Duties and Intergovernmental Affairs, Senator George Akume of interfering in the operations of the commission. Alhaji Ibikunle said that there was no iota of truth in the publication as there was never a time the Governing Board Read More

CSI, AWE task Nigerians on power of personal branding, businesses growth

October 15, 2021 Adeola Tukuru, 0

The CentreStage International (CSI) in partnership with Ascend Studios Foundation for the Academy for Women Entrepreneurs (AWE)- A White House Initiative that supports Women Entrepreneurs around the World has called on Nigerians use the power of personal branding and stories to shape the narrative about their businesses and drive growth and profitability.  The Convener CSI, Mrs Naomi Osemedua, at it part Read More

Group passes vote of confidence on Audi’s leadership in NSCDC

October 12, 2021 Lekan Shehinde 0

A group,   Stand Up Nigeria, has passed a vote of confidence on Dr Audi Ahmed following his superlative leadership reforms in the Nigerian Security and Civil Defence Corps, NSCDC. The group who led thousands of Nigerians early this morning to the National Assembly vowed that Audi wont be distracted despite several calls for his removal. The Convener, Sunday Attah in Read More

Titan Trust Bank: 2 years of service with power and pride

October 7, 2021 Opeyemi Dabiri 0

On October 4, 2021, one of the fastest growing financial service providers in Nigeria, Titan Trust Bank Limited, celebrated two years of its existence.  Established with a mission to take advantage of the identified gaps in the banking sector and address the unmet needs of the retail mass market, SMEs and corporates, Titan Trust Bank, has continued to provide seamless Read More

In Borno, Zulum orders 100 cars, 500 keke NAPEP for 2,200 operators

October 4, 2021 Sadiq Abubakar 0

Borno state governor, Professor Babagana Umara Zulum, has hosted operators of ‘Keke NAPEP’ during which he directed the procurement of 500 tricycles and 100 Toyota cars (Corolla LE) for subsidised allocations.   Addressing the meeting held at Government House Maiduguri, Governor Zulum explained that about 2000 Keke NAPEP operators, who currently do not have their own tricycles, would benefit from the intervention in Read More