FG mulls new tax on Coke, Bigi, other soft drinks

Zainab Ahmed, the minister of finance, says the federal government is considering introducing excise duty on carbonated drinks. The minister made this known while addressing...

“Best Global Brands 2019” – Mercedes-Benz is once again the world’s most valuable luxury car brand

Mercedes-Benz further increased its brand value and is once again the world's most valuable luxury automotive brand. In the latest "Best Global Brands 2019"...

Owo Arugbo: Ekiti Begins N20,000 Payment To The Elderly As Monthly Stipend For Social Security Scheme

Ekiti State Governor, Dr Kayode Fayemi on Wednesday re-launched the social security Scheme for elderly citizens in the state with, a pledge to commit more...

Average Prices of Petrol and Cooking Gas drop in September – NBS

The average price per litre paid by consumers for Cooking Gas decreased to N1,976.11 in September 2019 from N2,000.34 in August 2019., according to...

Telecom & IT

Kaspersky Detects More Than 100 Million Attacks On Smart Devices In H1 2019

Kaspersky honeypots – networks of virtual copies of various internet-connected devices and applications – have detected 105 million attacks...

Nokia collaborates with two leading universities in Ethiopia to promote digital skills and innovation

Nokia is committed to working with Ethiopia to pave the way for world-class telecommunication services with advanced technologies including 4G and 5G ADDIS ABABA, Ethiopia,...

The Search For MTN Nigeria’s First Kid-CEO Heats Up

...as second phase of the Lagos State Spelling competition continues Following the first phase of the highly-anticipated Lagos State Spelling Bee Competition which was concluded...

UK Cybersecurity Firm Sophos Bought By America’s Thoma Bravo For $3.8 Billion

UK cybersecurity firm Sophos, which houses more than 3,400 staff and a turnover of $710.6 million, is being bought by US private equity company,...

Ericsson report ‘5G Business Potential beyond Mobile Broadband’ presents a roadmap for operators in MEA

By 2030, estimated additional potential revenue increase up to USD 46billion for operators across the Middle East and Africa, provided they adapt their...

Business & Economy

Guaranty Trust Bank Plc – Loans grow at fastest pace in over 8 quarters

CardinalStone Research  Guaranty Trust Bank Plc (GUARANTY: TP 41.96 - BUY) has reported a 3.2% YoY increase in EPS to N5.19 for 9M’19 in its...

Q3 Jollof Index: Inflation jumps off the border

Jollof rice is the one meal that is common to all parts of Nigeria. The SBM Jollof Index is a composite index that tracks...

September 2019 Annual Inflation Rate Rises to 11.24% as Food Inflation Jumps to 13.51% amid Border Closure…

Freshly released September inflation report showed that the headline inflation rate rose to 11.24% year-on-year (from 11.02% in August 2019), a sharp reversal, and...

Border closures begin to take toll on prices

CardinalStone Research  Inflation surges to 11.24% YoY  According to the National Bureau of Statistics (NBS), headline inflation rose for the first time in three months in...

Is Nigeria Truly An Oil-Rich Country?

Nigeria is an oil-dependent economy, with the ‘liquid black-gold’ contributing over 70.0% to export earnings, c.90.0% to external reserves and more than 65.0% to...

SME Corner

N150 million Up For Grabs As Access Bank and Star Lager Beer Unveil ‘Access The Stars’

Two of Nigeria’s biggest brands are teaming up for a mega opportunity to discover new music talents across the...

P&G Nigeria partners Bank of Industry to catalyze the SME sector through skilled Academy

Leading manufacturers of trusted quality brands in Nigeria, Procter & Gamble, in partnership with FMITI and the Bank of...

Union Bank Plc secures $200m in OPIC funding for SMEs and women’s initiatives

Union Bank of Nigeria Plc has secured $200 million in funding through a partnership with Sub-Saharan Africa financial services...

Photo news: Private screening of TRADERS – an original documentary series by UBA (Trailer)

Private screening of TRADERS - an original documentary series by United Bank of Africa (UBA)   https://youtu.be/KPUQ7Rt0ccA

UBA, LCCI to Create Value For SMEs At 2019 Lagos International Trade Fair

United Bank for Africa (UBA) Plc and the Lagos Chamber of Commerce and Industry (LCCI), have assured small-medium enterprises...

Beverages

La Casera Flags Off Refresh And Connect Consumer Promo

The manufacturers of Nigeria’s leading apple drink, La Casera Apple Drink have announced the launch of a new Under The Crown Consumer Promotion tagged REFRESH...

100 Naira War: Who Currently Owns the Market Space? Which Brand Has Got The Greatest Opportunity With Consumers?

The Coca-Cola Company commenced an activation to promote the new price for its 60cl bottle now at NGN100 from its initial price of NGN150....

Nigerian Breweries to undertake major expansion project at Enugu

Nigerian Breweries Plc announced on Thursday it was putting finishing plans to expand its operational capacity at its Ama brewery in Enugu State. The company’s...

Must Read

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is held. The sort code is...

PZ Cussons commences entries for Cussons Baby Moments’ 6th season

PZ Cussons has announced the commencement of entries of the 6th season of its eponymous baby competition in Nigeria tagged ‘Cussons Baby Moments’. The announcement...

Owo Arugbo: Ekiti Begins N20,000 Payment To The Elderly As Monthly Stipend For Social Security Scheme

Ekiti State Governor, Dr Kayode Fayemi on Wednesday re-launched the social security Scheme for elderly citizens in the state with, a pledge to commit more...

“Best Global Brands 2019” – Mercedes-Benz is once again the world’s most valuable luxury car brand

Mercedes-Benz further increased its brand value and is once again the world's most valuable luxury automotive brand. In the latest "Best Global Brands 2019"...

GTBank Releases Q3 2019 Unaudited Results, Reports Profit After Tax of ₦146.99 Billion

Key Highlights  Gross Earnings decreased by 3.3% to N326.03bn from N337.27bn in Q3 2018 Profit before Tax increased by 3.9% to N170.65bn from N164.25bn...

HOW TO GET FUNDS FOR YOUR SMALL BUSINESS

No doubt, startups can be very exciting, but the challenge of raising capital for it to get some footing can be discouraging as building...

Agro News

Olam International Pays N120bn to Acquire Dangote Flour Mills

Shareholders of Dangote Flour Mills Plc (DFM), Monday unanimously approved the acquisition of the company by Crown Flour Mills Limited, the Nigerian subsidiary of global food and agri-business conglomerate, Olam International Limited after a whopping payment of N120 billion...

African Development Bank President Akinwumi Adesina receives Emeka Anyaoku lifetime achievement award

The Hallmarks of Labour Foundation presented the Outstanding International Icon Award to Adesina at a ceremony held in Lagos on October 6th ABIDJAN, Ivory Coast,...

Global food prices held steady in September – FAO Food Price Index

According to the FAO Food Price Index, global food prices were steady in September, as lower sugar prices were offset by increased quotations for...

Photo News: Flour Mills of Nigeria donates brand new bus, Laboratory equipment & furniture worth N60m to YABATECH

In a bid to boost technology, research and development (R&D) in tertiary institutions in Nigeria, Flour Mills Nigeria (FMN) Plc donated a bus, office...

AfDB to host first West Africa Fertilizer Financing Forum

The African Development Bank, the Africa Fertilizer Financing Mechanism (AFFM) and the West Africa Fertilizer Association will hold the first West Africa Fertilizer Financing Forum from...

Video News

Photos: First Lady of Lagos State, Dr Mrs Ibijoke Sanwo-Olu, Toke Makinwa, Idia Aisien, Kunbi Oyelese, Others, Grace The DFA Carpet

Social media is buzzing, all thanks to photos of top celebrities arriving Eko Hotel, Lagos for Design Fashion Africa. First Lady of Lagos State,...

Energy & Power

OVH Energy Partners Oando Foundation for Model Primary School Upgrade in Onne Port-Harcourt

Lagos, Nigeria – October 10, 2019 – OVH Energy, Nigeria’s leading downstream marketing Company and licensee of the Oando retail brand has partnered with...

SEPLAT reveals inorganic growth plan via proposed Eland acquisition

CardinalStone Research  This morning, Seplat Petroleum Development Company Plc (Seplat) announced its intention to acquire the entire issued and to be issued shares of Eland...

Q3 2019: Electricity Supply to Nigerian Households Experienced Marginal Improvement – Report

Abuja, Nigeria. 15th October 2019 – The new Power Poll result released by NOIPolls for Q3, 2019 has revealed that 36 percent of Nigerians say...

Seplat acquires UK-based Eland Oil for £383 million

Seplat Petroleum Development Co. agreed to buy Eland Oil & Gas Plc, adding resources in Nigeria as it seeks to become the country’s biggest independent...

Real Estate

Lafarge Africa Re-launches its improved Cement product, SUPASET (Photos)

As part of its commitment to continuously drive excellence and innovation in the manufacturing industry, Lafarge Africa Plc has announced the re-launch of its...

Dangote Cement Plc – Update on pioneer tax status application

CardinalStone Research The recently released Q2’19 report of the Nigerian Investment Promotion Commission (NIPC) showed that the pioneer tax extension application of Dangote Cement Plc....

Largest mosque in West Africa opens doors

The largest mosque in West Africa has officially opened its doors. Sufi Mouride Brotherhood inaugurated the US $33m building located in Dakar, Senegal in...

Mr Bigg’s Gives Customers New Experience at Amuwo Odofin Store (Photos)

In its pursuit to reposition Mr Bigg’s, the leading quick-service restaurant brand has opened a new state-of-the-art store in Amuwo Odofin. The first of its...

Transcorp Hotels Plc Retains Positive A- (NG) GCR Rating

Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation of Nigeria Plc (Transcorp) and owner of the iconic Transcorp Hilton Abuja and Transcorp Hotels...

Hilton Continues To Invest In Sustainable Travel And Tourism In Africa

Since Hilton announced its Big Five commitment to drive sustainable travel and tourism in Africa less than a year ago, the company has allocated $626,000...

700 New Hotel Restaurants and Bars will be opened in Africa by 2025

A new study released at the Africa Hotel Investment Forum (AHIF) by food and beverage (F&B) strategy & design firm KEANE, forecasts that 700...

Retail - Brick & Click

Konga rolls out loans to merchants ahead of Yakata 2019

Foremost e-Commerce giants Konga has taken a step further towards making the 2019 edition of its Yakata sales an unforgettable experience for its customers....

Jumia partners with over 50 top brands to open Jumia Mall, a new category to sell products from authorized distributors

Jumia has unveiled an online store in partnership with other top brands in Lagos. Speaking during the launch, Jumia Nigeria Chief Executive Officer (CEO), Juliet Anammah, said the...

Verve Card Scheme Set To Celebrates 10th Anniversary

…Grown From a Local to Global Brand Ten years ago, Verve, a leading payments technology and card scheme business in Africa, was launched by Interswitch...

Konga Research Unit Says Digital Procurement Key To Corporate Survival

Organisations must embrace digital procurement strategies in order to save cost and improve their margins. This will go a long way in helping companies...