Gerber introduces Soothe ‘n’ Chew teething sticks – a first-of-its-kind natural product for teething

Gerber, today, launched Soothe 'n' Chew, a first-of-its-kind grain-based teething product. Soothe 'n' Chew is specifically designed by feeding experts for infants and toddlers beginning at 6...

Fan Art Challenge: Puma x Comic Con Africa: Your Winning Design on a Limited Edition Hoodie

Puma and Comic Con Africa have announced a competition that will give aspiring artists and designers the chance to have their artwork produced on...

Nigeria’s Gross External Reserves: An Historical Perspective

The major objectives of external reserves management in Nigeria are ensuring the preservation of capital, providing adequate liquidity to meet unforeseen needs and ensure...

Diageo celebrates achievement of 2020 sustainability targets

Diageo: Today we are celebrating the conclusion of our highly ambitious 2020 Sustainability and Responsibility Goals. We’re proud that our goals, originally set in...

Telecom & IT

SMS Traffic Fraud to Drop By 75%, as SMS Business Revenue Reaches $50 Billion by 2025

Hampshire, UK: 10th August 2020: A new study from Juniper Research found that operator revenue from SMS business traffic will reach $50 billion...
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MTN Group plans to sell off $243m stakes in Jumia

MTN Group is planning to sell part or all of its $243 million interest in Jumia Technologies AG. This is part of the telco’s...

MTN Group revenue rises 9.4% in H1, announces plans to exit Middle East

MTN Group will exit its operations in the Middle East to become an Africa-only-focused telecommunications operator, with its first move to sell off its...

New Normal for Tablet Market? Highest Growth Rate in Six Years Recorded in Q2 2020

Rush for mobile computing devices in the midst of pandemic results in 17% growth Despite intense economic hardship related to COVID-19 quarantine orders, consumer and...

Airtel Africa and Telkom Kenya terminate merger plan

London and Lagos, 5 August 2020: Airtel Networks Kenya Limited, an Airtel Africa PLC subsidiary, and Telkom Kenya Limited amongst other parties, had entered...

Business & Economy

How to Earn $1000 a Month by Trading Bitcoin Futures Contracts on BTCC

The novel COVID19 pandemic has done a number on the income of several businesses, governments, and individuals alike. Due to prolonged weeks of lockdown,...

IFF earnings and sales decline in Q2; Increases Quarterly Dividend

International Flavors & Fragrances Inc. (IFF) reported financial results for the second quarter ended June 30, 2020. Second Quarter 2020 Consolidated Financial Results IFF reported...

Local Demand Returns Into The Bond Market As Yields Continue To Compress

The FGN bond market kicked off a new week on a very drab note but picking slightly towards the end of the session. Much...

FMDQ Exchange lists United Capital PLC and LAPO MFB SPV PLC Bonds

Local Capital Markets Provide Succour to Nigerian Corporates Amidst COVID-19 Recovery as FMDQ Admits New Debt Securities to its Platform As corporates and organisations spring...

CAMA 2020 Netting Provisions: Game Changer for FMDQ Derivatives and Central Counterparty Agenda

Positions Nigerian Financial Market for Radical Transformation The Nigerian financial market and the economy, as a whole, are set to receive the long-awaited boost to...

SME Corner

‪S’e ti gbo: Ekiti State Engages Informal Sector on Policies and Achievements‬ (Photos)

...partners with Ecobank to drive Financial Inclusion through women empowerment, microcredit loans and agency banking in Ekiti State‬ The community...

Ekiti Partners Ecobank To Drive Women Empowerment, Micro-credit Loans And Agency Banking

…holds public engagement with Informal Sector on govt policies Ekiti State Government has partnered with Ecobank to ensure financial inclusion,...

VIDEO: Coca-Cola’s Impact In Nigeria Might Be More Far-Reaching Than You Know

For a company as long-standing as Coca-Cola, it is quite remarkable that it has managed to stay well within...

UBA Reiterates Importance of Small Businesses, Hosts MSME Workshop

In its continuous bid to support the growth of Micro Small and Medium Enterprises (MSME) and equip them with...

Lagos Trains 450 Entrepreneurs in Coconut ‘Waste to Wealth’ Initiative (Photos)

Lagos State Government, on Monday, began the training of no fewer than 450 young entrepreneurs in a five-week intensive...

Beverages

Diageo Plc announces change to its Board of Directors

Diageo announces that Ho KwonPing will retire as a Non-Executive Director, effective 28 September 2020. Ho KwonPing has served on Diageo plc’s Board of Directors...

COVID 19: Coca-Cola Empowers 5000 Women for Economic Recovery

In a bid to upskill and empower women through recovery from the effects of the coronavirus pandemic in Nigeria, The Coca-Cola Company through its...

Life Lager Beer Lightens Niger Bridge (Photos)

Following the launch of a new bottle and the ‘Nduka’ campaign, Life Lager Beer has continued to spread its strong message of hope and...
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Must Read

Benefits Of Face Steaming And How To Do It At Home

Face steaming is one of the hottest skincare trends of the past few years. You can see celebrities and regular people enjoying face steaming...

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...

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...

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...

Updated Cost Of Clearing Cars In Nigeria

The automotive industry in Nigeria is still in its early development stages and there are very few cars produced and assembled in the country....

Agro News

LASG to Revive Badagry Food Production Centre, Restates Commitment to Food Sufficiency

Lagos State Governor, Mr. Babajide Sanwo-Olu has said that the State Government will revive the 279-hectare erstwhile Songhai Food Production Centre, now the Lagos Food Production Centre in Avia, Badagry. Sanwo-Olu, who made this known over the weekend in...

10 things you should know about industrial farming

There was a time when industrial agriculture seemed to be a panacea for a fast-growing world.  Synthetic fertilizers, chemical pesticides and high-yield cereal hybrids...

Lagos to Setup E-Commerce Hub for Agric Producers to create Export Opportunities (Photos)

The Lagos State Government says it is planning to set up an e-commerce hub or platform for agriculture producers to sell farm produce for...

Lagos to Empower 2,743 Farmers in Its Agriculture Program (Photos)

No fewer than 2,743 farmers in Lagos State would next week Tuesday receive inputs and productive assets under the State Government 2020 Agricultural Value...

27 countries heading for COVID-19-driven food crises – FAO

A new analysis out today by the UN's Food and Agriculture Organization (FAO) and World Food Programme (WFP) identifies 27 countries that are on...

Video and Magazine News

Energy & Power

Petrol Index: How many litres of petrol can you buy for the average salary in Nigeria and around the world?

Picodi team examined the change in petrol prices in several dozen countries and calculated how many litres of petrol an average Nigerian can afford...

Global Gas Flaring Jumps to Levels Last Seen in 2009 – World Bank

Estimates from satellite data show global gas flaring increased to levels not seen in more than a decade, to 150 billion cubic meters (bcm),...

Oil Prices Stuck At $40

Oil prices fell back to around $40 for WTI and $43 for Brent – familiar territory for the market over the past few weeks....

Equinor Reports Surprise Profit in its Second Quarter 2020 results

Equinor reports adjusted earnings of USD 0.35 billion and USD 0.65 billion after tax in the second quarter of 2020. IFRS net operating income...

Real Estate

Shoprite controls 22% of Nigeria’s formal retail, their future in Nigeria will be driven by indigenous retailers

The Nigeria Shoprite knew when they made entry through the launch of The Palms in December 2005 is a sharp contrast to its current...

Lagos State reduces land use charge

The Lagos Government has reviewed the Land Use Charge (LUC) Law by reversing the rates to pre-2018, thereby undertaking reforms to reduce financial pressure on citizens...

Lagos State Reviews Land Use Charge to pre-2018 Rates

...Waves Penalties for Y2017 - 2019, Sets Up Multiple Payment Channels The Lagos Government has reviewed the Land Use Charge (LUC) Law by reversing the...

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...

Radisson Hotel Group announces new hotels in Nigeria and 5 other Africa Countries

Scheduled to open within the next six months following a re-branding, the hotel introduces Radisson Hotel Group’s premium lifestyle brand to Africa Radisson Hotel Group is...

FG Hands Over National Theatre To Private Investors For Renovation (Photos)

Forty-four years after its establishment, the Federal Government, on Sunday, handed over the National Arts Theatre in Lagos State to the private sector for...

Retail - Brick & Click

Shoprite closes second Kenya store in 4 months

Africa’s largest supermarket chain, Shoprite is closing a second branch in Kenya, laying off 115 workers. The first branch closed in April; there are...

Konga: Why we rejected a valuation of over $300m from global investors– Prince Ekeh

Foremost retail giant, Konga has invested well over $120m since it was acquired two years ago in Nigeria alone and now strategically structured to...

Africa’s biggest grocery retailer, Shoprite exits Nigeria

Shoprite is exiting the continent's most populated country, Nigeria, after 15 years of operation. The retail giant initiated a formal process to consider the...

Ugandan e-commerce platforms power recovery from COVID-19 crisis

Partnerships with development agencies and government efforts to boost the digital economy are helping soften the economic blow of the pandemic. David Akanshumbusha sells groceries...