300 staff could leave Kantar US

The US arm of global data, research, consulting and analytics business Kantar could make up to 300 staff redundant as part of Covid-19 cost-cutting...

How To Save Your Electricity Consumption – NERC

The Nigerian Electricity Regulatory Commission (NERC) has put together nine (9) ways to save your electricity consumption. This is in light with the recent...

Mixed Performance in Apparel and Footwear Sector Recovery as Nike Online Sales Jump by 82% but Under Armour Sales Drop by 25%

According to the research data analyzed and published by Stock Apps, Nike’s digital sales increased by a whopping 82%. Digital purchases accounted for almost a...

CBN’s PMI report for Sept-2020: A hint at recession?

Recently, the Central Bank of Nigeria (CBN) published Nigeria’s Purchasing Managers Index (PMI) report for Sept-2020. According to the report, economic activities remained contractionary...

Telecom & IT

Tech Experience Centre, a game-changer for Nigeria – Schneider Electric MD

Christophe Begat, Managing Director, Schneider Electric (Anglophone West Africa) has lent his voice to the expected launch of the...
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Tech Experience Centre receives accolades from global tech giants, set for October 1 launch

A number of globally renowned Original Equipment Manufacturers (OEMs) in the technology space have commended TD Africa, Sub-Saharan Africa's leading technology, lifestyle and solutions...

Our collaboration with TD Africa on Tech Experience Centre will build wealth in Nigeria – Cisco

The establishment of the Tech Experience Centre, an unprecedented technology project set for launch in Lagos, will deliver excellent social, commercial and economic opportunities...

Tech Experience Centre will save huge costs, boost tech adoption in Nigeria – Travers, Dell Technologies boss

Nicholas Travers, Director, Central and West Africa, Dell Technologies, has expressed delight over the expected launch of the Tech Experience Centre, an ambitious technology...

South Africa, Kenya and Nigeria saw Millions of Cyber Attacks in 2020 and the Year is not over yet

In South Africa, there were almost 10 million malware attacks and a staggering 43 million Potentially Unwanted Applications (PUA) detections Kaspersky security solutions have reported...

Business & Economy

Insider Dealing: Courteville Business Solutions’ GMD Purchases 2.1M Courteville Business Shares

Courteville Business Solutions Plc on Monday disclosed that a Group Managing Director, Adebola Akindele, purchased 2,177,000 shares of the company. In a statement released on...

Nigerian Breweries Plc Board Meets for Q3 Results, Begins Closed Period

The Board of Nigerian Breweries Plc will meet in Lagos on Thursday, October 29, 2020, to consider among other things, the Company’s unaudited financial...

Sterling Bank Plc Obtains the CBN’s Approval In Principle To Enable It Restructure As A Holding Company

The Chief Executive Officer of Sterling Bank Plc, Mr. Abubakar Suleiman is pleased to announce that the Bank has obtained the Central Bank’s approval...

Insider Dealing: Socfinaf S.A Acquires More Stake in Okomu Oil

Socfinaf S.A, a foreign investor, which has a substantial stake in Okomu Oil Palm Plc, has further increased its stake in the Nigerian company.  Socfinaf S.A recently...

Chemical and Allied Products Board Meets for Q3 Results, Begins Closed Period

The Board of Chemical and Allied Products Plc will meet in Lagos on Monday, October 19, 2020, to consider among other things, the Company’s...

SME Corner

The OPEC Fund approves US$20m for SMEs in East Africa

The OPEC Fund for International Development (the OPEC Fund) has signed a US$20 million term loan in favor of...

Why Buhari Administration Is Supporting Small Businesses With A Survival Fund – Osinbajo

The Federal Government remains deeply committed to creating a more business-friendly environment for Micro, Small and Medium Enterprises (MSMEs)...

How to Apply for Government N75Bn MSME Survival Fund

The Federal Government of Nigeria is set to commence nationwide implementation of two MSMEs initiatives namely, the MSME Survival...

DBN Advocates Sustainable Banking for Nigerian MFBs

The social, environmental, and economic consequences of rapid population growth, consumption of natural resources and resultant climate depletion have...

Paxful sees more Young Women in Africa turn to Bitcoin amidst Pandemic

The COVID-19 pandemic has strained the global economy and put millions of people under financial stress. Understandably, people from...

Beverages

We’ve reduced production capacity of alcohol in sachets by 50%, NAFDAC says

The National Agency for Food and Drug Administration and Control (NAFDAC) says the production capacity of alcohol product in sachets has been reduced by...

Every cup of Nespresso coffee will be carbon neutral by 2022

Nespresso today commits that every cup of Nespresso coffee, both for at-home and for professional customers, will be carbon neutral by 2022. This new ambition...

Diageo launches website for Johnnie Walker experience

New website for global flagship visitor attraction launched and the public offered the first opportunity to sign up Diageo, the maker of Johnnie Walker, has...
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Must Read

List of Access 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...

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

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

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to you, there is no time...

#BBNaija: Betway Launches New Predict and Win Promo

Betway, premium gaming and online entertainment brand, and the headline sponsor of Big Brother Naija has launched a new Predict & Win promotion to...

Alta Semper Capital Responds to HealthPlus Pioneer CEO Accusations, Issues a Q and A

The majority of the Board of HealthPlus Limited on Friday, September 25, 2020, issued an instruction terminating, for cause, the appointment of former CEO...

HealthPlus: Attempted Hostile Takeover By Foreign Private Equity Firm

On Friday 25th September 2020, a Press Release was purportedly released by Health Plus Limited (‘the Company’ or ‘HealthPlus’) announcing the alleged appointment of...

Agro News

Cross River earmarks 10,000 hactares for Cocoa cultivation

The Cross River Government has acquired 10,000 hectares of land across the state for the cultivation of Cocoa in the 2020/2021 planting season. Dr Oscar Ofuka, Special Adviser to the Governor on Cocoa Development and Control, disclosed this on Monday...

Artificial Intelligence best-practices in agriculture can help bridge the digital divide while tackling food insecurity

The Food and Agriculture Organization of the United Nations (FAO), IBM and Microsoft, at an event organized today with the Pontifical Academy for Life,...

Julius Berger should start its foray into agriculture with focus on the breakfast cereal market – Analyst

Last week, Julius Berger announced that it will be diversifying into the agriculture and food business. For me, this is a welcome development as...

Ogun State Partners with Animal Care Konsult on Livestock Value Chain Opportunities

Today, 25th September 2020, we received in our office, the Executive Director of Animal Care Konsult (Nig) Ltd, Dr Agbato Opeyemi and his team,...

Rotimi Akeredolu commissions Sunshine Chocolate Factory in Idanre (Photos)

Ondo State Governor, Arakunrin Rotimi Akeredolu SAN, has commissioned the Sunshine Chocolate Factory in Alade Idanre, Idanre LGA. The factory is a Public-Private Partnership between...

Video and Magazine News

Energy & Power

Total Energy sent out by GenCos stood in 2019 at 32,799,114MWh – NBS

The power generation statistics for 2019 reflected that a total of 33,448,633 MWh of energy was generated by power stations. Privatized GenCos generated 19,692,683 MWh,...

Orange and Schneider Electric Run Industrial 5G trials in French Factory

Schneider Electric, a leader in digital transformation, energy management and automation, and Orange, a global telecoms operator and leader in digital services, announced the...

GE and Niger Delta Power Holding Company Successfully Restore up to 360MW in Nigeria Amidst COVID-19 Pandemic

GE, today, announced the successful rehabilitation of three 9E.03 gas turbines, at three Niger Delta Power Holding Company’s (NDPHC) Power Plants in Calabar and...

A look at the Nigerian Clean Energy Bill 2020

As we stand, the whole world is moving away from fossil fuels. By 2050, our crude oil will be useless as no one will...

Real Estate

Rights Of A Tenant And Landlord In Nigeria

The real estate industry in Nigeria involves millions of people but is hardly regulated by any official documents. Plus, many landlords and tenants prefer...

Lagos Eyes Private Real Estate Investment To Address Housing Deficit

Lagos State Governor, Mr. Babajide Sanwo-Olu, has charged real estate practitioners and investors to work with the Government to create a homeownership model that...

Lagos to Deliver Sangotedo, Lekki Housing Schemes Before End of Year (Photos)

In a bid to bridge the housing deficit in the State and increase the number of homeowners, the Lagos State Government has said that...

British Airways launches flight and holiday September sale

British Airways has today launched its annual September Sale with deals to over 150 destinations across its global network.   With travel dates in 2021 available,...

Africa’s Travel and Tourism Industry: Is recovery at sight?

The outbreak of COVID-19 pandemic has left a devastating impact on economies across the world. Notably, the Travel and Tourism industry which contributes over...

Photos from the Lagos Ileya Virtual Concert

The Lagos Commissioner for Tourism, Arts and Culture, Mrs. Uzamat AkinbiIe-Yusuf, and the Special Adviser on Tourism, Arts and Culture, Mr. Solomon Bonu, has...

British Airways August Schedule Sees Return To More Destinations

Throughout August, British Airways is resuming flying to more destinations, albeit with continued low frequencies while the impact of Covid-19 remains felt across the...

Retail - Brick & Click

Jumia’s Ad revenue hits €2m but sales value dwindle – Report

Jumia, the African e-commerce start-up, earned €2.0m in advertising revenue in Q2 2020, only the second time it has reached this total. Triple-digit growth...

Global Ad Trends: Alibaba controls the world’s third-largest ad business

The Alibaba stands to make $23.5bn from selling ad inventory across its e-commerce properties this year, a rise of 6.6% from 2019. Warc released...

Global Ad Trends: Brands are set to spend $59bn on e-commerce platforms this year – Report

Warc has released its latest Global Advertising Trends report: The pivot to e-commerce summarising the latest research from Warc's Data platform. Advertising spend on e-commerce...

Instant Payments Transaction Values to Reach $18 Trillion by 2025, as Europe Leads Innovation

A new study from Juniper Research has found that the value of instant payments, where transactions are completed within ten seconds, will reach $18 trillion in...