71% of house owners lack proof of ownership in Nigeria – NBS

71% of households do not have evidence to prove the ownership of their homes, according to the Nigeria Living Standards Survey (NLSS) report by...

Only 5.7% of Nigerian households received remittances from abroad – NBS

Only 5.7% of households in Nigeria were recipients of remittances from international sources between 2018 and 2019, while 52.7% of Nigerian households received their...

Union Dicon Salt, Medview Airline and 11 Others Default in Post First Deficiency Notification For Q1 2020 UFS

The Nigerian Stock Exchange hereby informs the general public that the companies listed below have failed to comply with The Exchange's directive to issue...

Kachi Onubogu promised a balanced representation in the NIMN council

The Chief Executive Officer of Frutta Juice and Services, Dr Onyekachi Onubogu, has pledged to serve as a bridge between the Town and Gown,...

Telecom & IT

Glo cuts cost of international calls by up to 55%

Nigerian operator Globacom has cut international call tariffs by as much as 55 per cent. Globacom said the reduced...
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Four strategies for helping women in fragile settings succeed in the digital economy

The coronavirus (COVID-19) pandemic is disproportionately impacting women’s livelihoods. Young women are more prone to unemployment and under-employment than men, and many work in service and informal sector...

Nigeria: Telcos add 14.71 million voice and data subscribers in Q1 2020 – NBS

The number of active internet subscribers increased by 10.12 million to 136.20 million in the first three months of 2020 from 126.08 million in...

Samsung Remains Dominant in the Smartphone Memory Market with 50% Revenue Share in Q1 2020

The global smartphone memory market registered a total chip revenue of $9.4 billion in Q1 2020, according to the Strategy Analytics Handset Component Technologies...

MTN launches first 5G network at 100 sites in South Africa

MTN's journey towards delivering SA's best network experience is celebrated today with the launch of its next-generation 5G network, which is delivering higher peak...

Business & Economy

Access Bank Subsidiary seeks to buy Zambian bank

Access Bank Plc announces today that its wholly-owned subsidiary in Zambia, Access Bank Zambia Limited has entered into exclusive discussions with Cavmont Capital Holdings...

OMO Bears Emerge As Annual AMCON Charge Further Squeezes System Liquidity

KEY INDICATORS FGN Bonds The FGN bonds market traded on a mixed sentiment today, slightly bullish at the short-end and bearish at the long-end of the...

Lasaco Assurance Plc Announces Delay in Filing its Q1 2020 Unaudited Financial Statements

Lasaco Assurance Plc wishes to notify the Nigerian Stock Exchange (NSE), its shareholders and the investing public of the Company's inability to file its...

H1 2020 Review and Outlook plus Investment Strategy for H2 2020

Executive Summary The global economy is expected to witness negative growth – IMF predicts a decline in global output by 4.9% – but should gradually...

Union Diagnostic and Clinical Services Plc Announces Delay in Filing its Q1 2020 Unaudited Financial Statements

Union Diagnostic and Clinical Services Plc hereby wishes to inform The Nigerian Stock Exchange and the investing public that it was unable to file...

SME Corner

How To Apply For NPower 2020 Recruitment

The NPower program was launched a few years ago and became one of the top opportunities for young individuals...

CAC Certificate to Contain Tax Identification Number

Business owners who register their businesses with the Corporate Affairs Commission (CAC) will no longer need to approach the...

6 Ways You Can Support Local Businesses With Google Maps

As cities and economies start to reopen, people are looking for ways to support their favourite small businesses. We...

How Small Businesses Can Access CBN’s N50b Loan

The coronavirus pandemic has affected every single aspect of life in Nigeria and around the world, but various businesses...

Google launches Google for Nonprofits in Nigeria

Google has launched Google for Nonprofits in Nigeria. Google for Nonprofits aims to empower not-for-profit organizations by providing them...

Beverages

Guinness Nigeria PLC warns investors of 2020 financial results

Guinness Nigeria Plc has informed the public about the material circumstances that will impact its full-year financial results for 2020. This is Following the...

Social Distancing: Photos From Nigerian Breweries Plc Annual General Meeting

Shareholders of Nigeria’s foremost brewer – Nigerian Breweries Plc, have approved a total dividend of N16.1 billion for the year ended December 31, 2020....

FrieslandCampina WAMCO reports a 8.5% increase in 2019 turnover

Nigeria’s leading dairy processor, FrieslandCampina WAMCO, has announced a turnover of N161.83 billion (US$417.6m) for the financial year ended Dec. 31, 2019. This was made...
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Must Read

PepsiCo Elects Segun Agbaje To Board Of Director

PepsiCo, Inc. (NASDAQ: PEP) today announced its Board of Directors has elected Segun Agbaje as an independent member of the Board. Mr Agbaje, 56,...

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...

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...

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...

Here is the list of Providus Bank Branches in Lagos

A little over two years after it was granted a commercial banking license with regional authorization by the Central Bank of Nigeria (CBN), the...

List of latest Ponzi schemes in Nigeria

These are the latest and past Ponzi scams and shady investment products that Nigerians are putting their monies into. What is a Ponzi scheme? A Ponzi...

Agro News

Rwanda: AfDB awards $1.1 million grant to expand meat production

The Board of Directors of the African Development Bank have approved a grant of $1.1 million to Rwanda for the implementation of the country’s Meat Value Chain Trade Competitiveness Project. The approval for the grant, made on 5 June 2020,...

GBfoods completes N20 Billion Tomato Processing Factory in Kebbi

Lagos, Nigeria - GBfoods, a global leader in culinary product manufacturing, in partnership with the Central Bank of Nigeria (CBN), Kebbi State Government and...

Ghana Cocoa Board, AfDB and financial partners celebrate first $200 million disbursement of loan to boost cocoa productivity in Ghana

Ghana Cocoa Board (COCOBOD) and lenders have welcomed the first disbursement of $200 million of a syndicated loan facility to boost cocoa productivity in...

IITA and Mastercard Foundation to implement Young Africa Works in Nigeria

The Youth in Agribusiness office of CGIAR-IITA is partnering with the Mastercard Foundation in Nigeria to implement the Young Africa Works strategy. A joint media release on...

LASU Emerges National Partner To Fao, Wins $95,000 Grant To Support Development Of Catfish Value Chain In Nigeria

The Lagos State University has been selected by the Food And Agricultural Organization (FAO) as its National Partner Institute (NPI) in implementing the FISH4ACP...

Video and Magazine News

Energy & Power

BMW Group increases sales of electrified vehicles in first half-year, despite COVID-19

Total sales affected by the impact of the worldwide pandemic Initial signs of recovery in individual markets at the end of Q2  ...

Oando Attends Presidential Flag Off Ceremony For Construction Of 614km Ajaokuta-Kaduna-Kano Gas Pipeline Project

Lagos, Nigeria – Following an official press statement and update to the market on April 19, 2018, Oando PLC, is pleased to announce to...

Oil Prices Fall Back Below $40 On New COVID Fears

The two-month oil rally has stalled, with WTI falling back to $38 per barrel. The resurgence of Covid-19 across the U.S. has halted the...

Implementation of Electricity Tariff Review By Ikeja Electric

This is to notify our esteemed customers that the implementation of the revised electricity tariff by Ikeja Electric Plc will take effect from July...

Real Estate

Lagos State to Renovate, Upgrade its Housing Estates

The Lagos State Government, through the Ministry of Housing, is set to renovate, beautify and upgrade its existing Estates to meet 21st Century standards. The...

Ekiti State Partners With UNOPS And SHS Holdings To Build 50,000 Affordable Homes

Part of UNOPS Sustainable Infrastructure Impact Investments (S3I) initiative, the agreement will help address housing shortages in Ekiti State, with a focus on sustainability...

Lagos Warns Against Drilling Boreholes without Licence, Permit

…Seals Erring Construction Site in Ikoyi The Lagos State Water Regulatory Commission (LSWRC), has cautioned operators in the borehole drilling industry against operating without the...

Global tourism could plummet 80% in 2020 – UNWTO

International tourism could be facing a fall of between 60–80% over the course of 2020 due to COVID-19, the United Nations World Tourism Organisation...

Economic Impact Of COVID-19 On Tourism And Remittances: Insights From Egypt

As COVID-19 reaches everywhere, low- and middle-income countries are racing to respond to this massive and fast-moving challenge. In the first country blog post...

Federal Government Adds Austria and Sweden To List Of High Risk Countries

The Federal Government has added two more countries to the list of high-risk countries following the outbreak of coronavirus. The countries include Austria and Sweden. The...

Turkish Airlines Adopts Stiffer Safety And Hygiene Measures

As an airline that is committed to the wellbeing of its passengers, crew members and the entire public, Turkish Airlines has continued to prioritize...

Retail - Brick & Click

Konga to employ over 100,000 Nigerians through Konga Affiliate project

Composite e-Commerce giant, Konga has revived YUBOSS, a stellar reseller scheme now re-christened as Konga Affiliate through which it is offering millions of smart...

TAJBank Joins e-Commerce Giants- Launches Nigeria’s 1st Ethical Online Mall

Nigeria's most innovative Non-Interest Bank, TAJBank, has announced the highly anticipated launch of TAJMall, the nation's first ethical online shopping mall. The highly anticipated launch...

West African Consumer Sentiment Reflects Global Uncertainty – Nielsen

Ghanaian consumer confidence declines by 15 points Nigerian sentiment also experiences a significant decline Lagos, 7 July 2020 - Against the backdrop of the unprecedented...

FoodCo joins the online supermarket rush

Nigerian supermarket chain FoodCo has joined the COVID-19-inspired rush into sub-Saharan e-commerce. Rather than using a third-party, the chain has also launched its own delivery...