Subsidy Removal: FG approves N180b grant for states to procure grains, fertilser Following the recent removal of fuel Subsidy, the Federal Government, on Thursday, approved N180 billion to be shared by the 36 states of the federation, to help them cushion the effects in the states. Nigeria government[Read More…]
Elumelu’s Transcorp Consolidates its Power Play, Acquire 60% Majority stake in AEDC In a strategic move to consolidates Transcorp’s position in the Nigerian power sector, Christopher Ezeafulukwe, Managing Director/CEO of Transcorp Power Limited, has been entrusted by the Board of the Abuja Electricity Distribution Company (AEDC) to lead the[Read More…]
Nigeria’s Inflation Hits 24.08% As Food Prices Rise Nigeria’s annual inflation rate rose to 24.08 per cent in July from 22.79 per cent in the previous month, the National Bureau of Statistics (NBS) said Tuesday. The NBS said on a year-on-year basis, the headline inflation rate was 4.44[Read More…]
Ecobank To Promote Ease Of Cross-Border Business Through Foreign Currency Transfer On Its Mobile And Omnilite Apps Ecobank has reiterated that the introduction of Foreign Currency transfer on Ecobank Mobile and Omnilite app is to promote and facilitate ease of cross-border business and financial transactions, stressing that it would[Read More…]
TGI introduces Big Bull Gold in consumer-friendly packs In a move to cater to the evolving needs of consumers, TGI Group, makers of Big Bull Rice have introduced Big Bull Gold, a premium milled parboiled rice in consumer-friendly pack sizes. Using the same unique qualities that catapulted Big Bull Rice[Read More…]
iChota, new e-commerce platform to maximise customers profit, save cost A newly debuted free-to-use e-commerce platform, iChota app, has the potential to ensure maximum profitability and cost savings for sellers and buyers. Launched by iChota LLC in Los Angeles, USA recently, the app enables users to carry out transactions without[Read More…]
ALAT by Wema unveils exciting summer internship programme ALAT by Wema, a trailblazing digital bank, has announced the launch of its eagerly anticipated Summer Internship Programme which will not only serve as a remarkable learning opportunity for young talents but also highlights Wema Bank as an exceptional place to work.[Read More…]
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…]
