Coach Owner To Acquire Michael Kors, Versace Parent In $8.5bn Deal Tapestry, the US owner of lifestyle brands including Coach and Kate Spade, said Thursday it will acquire Michael Kors parent company Capri for $8.5 billion, creating a new global fashion giant to compete with European powerhouses. The unified company[Read More…]
BUA Cement launches #WinWithTheKing promo As part of efforts to promote sales and reward brand loyalty, BUA Cement has launched its #WinWithTheKing promo. This is the first of its kind by BUA since it was established. It is expected to run for 83 days. This will see users of[Read More…]
CBN reveals loan to FG rose to N23.18trn The Central Bank of Nigeria (CBN) has published its financial report for the year ended December 31, 2022, almost two weeks after President Bola Tinubu appointed Jim Obazee, ex-CEO of FRC as special investigator to investigate the bank. The published report revealed[Read More…]
Tinubu inaugurates Ani-Mumuney, others as Committee on Fiscal Policy & Tax Reform Folake Ani-Mumuney, Global Head of Marketing & Corporate Communications, First Bank of Nigeria Plc., has been inaugurated to serve on the Presidential Committee on Fiscal Policy & Tax Reform. The Committee, which is chaired by the former[Read More…]
Opay emerges as leading fintech platform in Nigeria Nigeria’s Opay has solidified its position as a frontrunner in the country’s fintech landscape, earning global recognition from CNBC and Statista as the leading Nigerian digital platform in the Digital payment category. This acknowledgement highlights Opay’s commitment to innovation and its[Read More…]
Prepaid meters’ installation rises 3.9% to 171,107 Despite the federal government promises, the sluggish growth in the number of prepaid meters installation persisted in first quarter 2023, Q1’23, with number of meters installed rising by quarter-on-quarter, QoQ by 3.95 per cent to 171,107 from 164,612 meters installed in the[Read More…]
Well-mann Group wins Jet Age continental award The Ethiopian Minister of Labour and Skills, Hon. Nigusu Tilahun has presented the continental Jet Age Nation Builders Award for nation building to Nigerian-based Well-mann Group. The organisation which specialises in oil and gas received the honour during the just-concluded 5th edition of[Read More…]
Stakeholders seek support for renewable energy sector Stakeholders in the energy industry have called for support for the renewable energy sector to enable it to contribute to the country’s quest to end energy poverty. Speaking at a workshop organised by the Renewable Energy & Energy Efficiency Association (Alliance) in[Read More…]
Zenith Bank, AfCFTA sign agreement on continental trade portal Zenith Bank Plc has signed a Memorandum of Understanding (MoU) with the African Continental Free Trade Area (AfCFTA) Secretariat for the development of the SMARTAfCFTA Portal to promote trade on the African continent. The portal, which can provide information like[Read More…]
Niger crisis may cost Nigeria $2 billion yearly, CPPE warns As fear of escalation of Niger coup builds, the Centre for Promotion of Private Enterprise (CPPE) has warned that military intervention could be damaging for Nigeria, with yearly financial cost estimated at $2 billion. Considering the current lean public[Read More…]
