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
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
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
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
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
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
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
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, 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 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 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
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
To expand its business operations and meet the growing demands of customers, Dobi AgriCo has launched 12 newly constructed green houses. This expansion is in line with the overall ambition of the business, its growth strategies as well as its continuous effort to improve the nutritional well-being of its immediate community and Nigeria as a whole. Speaking at the launching Read More
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
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
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
Prices of bread in Enugu state may rise by 200 per cent before the end of the year, a survey by the News Agency of Nigeria (NAN) has revealed, indicating a hard time for Nigerians. Already, price of bread has doubled since August through to October 2021, forcing the product out of reach of many families and lovers of bread. Read More
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
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
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
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
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
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
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
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
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