Airtel Africa ends H1 with 116.4m Subscribers

Airtel Africa’s subscriber base across 14 African countries grew 4.4% on-quarter and stood at 116.4 million with an Average Revenue Per User (ARPU) of...

Guinness Nigeria Declares N841.64m Q1 loss as mounting input costs squeezed earnings

Guinness Nigeria Plc has reported a loss after tax increase of 127.2 percent at N841.64 million for the first quarter ended September 30 as...

You Can Now Mute Chat Forever on WhatsApp

WhatsApp has released the “Always” mute feature for users. The feature is available for Android and iOS users and will allow users to mute...

Japan Accounts for 22% Mobile Game Revenue Share Globally from Q1 to Q3 2020

According to the research data analyzed and published by Safe Betting Sites, Japan accounted for 22% of all mobile game spending globally during the first...

Telecom & IT

Western European Countries Lead in 5G Share of Smartphone Sales

According to the latest research from Strategy Analytics, three Western European nations are leaders in terms of 5G as...
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eSIM-Enabled Smartphone Shipments in Western Europe Grow by 65 Percent in 2020

According to the latest research from Strategy Analytics eSIM-enabled smartphones will capture an impressive 32 percent of all smartphones shipped in Western Europe in 2020. Apple...

What Factors Are Helping Drive the Growing Mobile Market in Nigeria?

The mobile market is steadily on the rise in Nigeria and is contributing a greater percentage of revenue to the GDP each year. In...

Nokia rated leader in managed services by industry analyst firm GlobalData

Nokia, today, announced that it has been rated “Leader” in managed services by the independent industry analyst firm GlobalData. The report finds that Nokia...

Nokia selected by NASA to build first ever cellular network on the Moon

LTE/4G technology promises to revolutionize lunar surface communications by delivering reliable, high data rates while containing power, size and cost. Communications will be a crucial...

Business & Economy

Top US and Europe Banks Set Aside $139B as Loan Loss Provisions As Bad Debt Losses Could Surpass $880B by 2022

According to the research data analyzed and published by ComprarAcciones, the biggest lenders in the US and Europe are on course to record some...

Uncertainty in the Country Causes a 2-Point Drop in Nigeria’s Consumer Confidence Index

Fuel and electricity price hikes send Nigerians to the streets as putting food on the table becomes harder every day Inflation further increases...

Africa’s consumer confidence slips after 2 successive months of improvement

KASI’s global CCI (Consumer Confidence Index) fell by 4 points from -3 to -7 this month. This was led by the decline in the...

Domestic Bourse Closed the Week Positive… Market Advanced by 13 bps WoW

The Nigerian equities market ended the week on a bullish note as the All-Share Index (ASI) appreciated by 47 bps closing at 28,697.06 today....

Ipsos revenue drops by 6.2% to €468.6 million in Q3

Paris, October 22, 2020 – Ipsos posted revenue of €468.6 million in Q3 2020. This was down 6.2% compared to the same period last...

SME Corner

Free 250,000 FG/CAC Business Names Registration for MSMES

Business formalisation Support of the Micro, Small & Medium Enterprises (MSMEs) Survival Fund As part of Federal Government’s post-Covid-19 Pandemic...

FG offers free business registration for 250,000 MSMEs

The Federal Government says it has offered free business registration for 250,000 Micro, Small and  Medium Enterprises (MSMEs) nationwide...

YouTube announces Black Voices Fund for Nigerian artists and creators

YouTube today announced that artists and creators from Nigeria can apply for grants from its Black Voices Fund. The...

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)...

Beverages

Guinness introduces ‘Guinness 0.0’, the Guinness with everything except alcohol

Guinness 0.0 is a new non-alcoholic beer from the brewers at St James’s Gate. Guinness 0.0 boasts the same beautifully smooth taste, perfectly balanced flavour...

Budweiser celebrates Halsey’s emotional journey to make her name in latest “Be A King” global campaign

Budweiser announces a partnership with chart-topping, multi-platinum, Grammy-nominated singer/songwriter and social activist, Halsey, unveiling a new film titled: “Make Your Name – Be a...

Coca-Cola Q3 results see improvement from pandemic low in Q2

Global Unit Case Volume Declined 4% Net Revenues Declined 9%; Organic Revenues (Non-GAAP) Declined 6% Operating Income Declined 8%; Comparable Currency Neutral Operating...
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Must Read

Free 250,000 FG/CAC Business Names Registration for MSMES

Business formalisation Support of the Micro, Small & Medium Enterprises (MSMEs) Survival Fund As part of Federal Government’s post-Covid-19 Pandemic survival intervention to support micro...

FG offers free business registration for 250,000 MSMEs

The Federal Government says it has offered free business registration for 250,000 Micro, Small and  Medium Enterprises (MSMEs) nationwide under its recently launched Survival Fund...

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 Fund with the Payroll support...

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...

The Legal Side of Doing Business in Nigeria: Compliance Checklist You Need as a Small Business Owner

Setting up a business in Nigeria is one of the roads to financial independence. As most persons who have started a business will know,...

What You Need to Register for Federal Government‘s Youth Investment Fund

The portal to apply for the youth investment fund all amounting to N75 billion has been opened by the Federal government of Nigeria. This...

Agro News

Ponzi Scheme Initiatives or Agricultural technology Startups

Agricultural technology companies seem to be on the rise in Nigeria and we have popular ones such as farmcrowdy, Framkart, agric thrive and the likes dominating this Agrictech ecosystem. The ecosystem seems to be maturing. However, the covid-19 pandemic...

FAO’s Statistical Yearbook offers largest trove of data on food and agriculture

Just days after celebrating its 75th Anniversary and to coincide with today's marking of World Statistics Day, the Food and Agriculture Organization of the United...

Can billion-naira interventions rescue the Agric sector?

In the last 5 years, the CBN and the federal government have been pumping billions of naira into the Agric sector space. A total...

Presco – Another impressive quarter expected in Q3

Supported by higher CPO prices due to the continued land border closure and improved demand caused by increased adherence to proper hygiene practices, Presco...

Okomu Oil Palm On track for a Record FY’20

Like Presco, Okomu Oil Palm has benefitted immensely from the FG directive to close the land borders in order to reduce the incidence of...

Video and Magazine News

Energy & Power

Oil Back Down As COVID Cases Surge

Friday, October 23rd, 2020 - On Thursday, the U.S. reported more than 70,000 COVID cases for the first time in three months, and the trajectory...

Nigeria Venture Plans to Raise $1.2 Billion to Fix Power Gap

A Nigerian venture plans to raise 480 billion naira ($1.2 billion) over the next three years to buy electricity meters and help power distributors...

CBN releases framework for financing of mass metering

Central Bank of Nigeria (CBN) has released its framework for the National Mass Metering Programme (NMMP). The framework was released by the Development Financing department...

Mambilla Hydro Power: Taraba Govt Flags Off Sensitization Program

Taraba State Governor, Darius Dickson Ishaku has flagged off sensitization program for the Mambilla Hydro Power Electricity Project. The ceremony which was designed to sensitize...

Real Estate

FHA, Family Homes Funds, partner to deliver 1,000 affordable houses

In commencement of the proposed 300,000 Mass Housing Programme initiated by the Federal Government of Nigeria under the Economic Sustainability Plan set up by...

Lagos Mediation Centre Resolves 801 Cases, Recovers N5.39million

The Lagos State Citizens' Mediation Centre (CMC), in the month of September 2020, successfully resolved 801 cases spanning a wide range of issues such...

Ìlúbìrin Announces School for Waterside Community’s Young Residents

Ìlúbìrin Announces School for Waterside Community’s Young Residents Today, First Investment Development Company (FIDC) is affirming its commitment to education and child development by announcing...

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

COVID-19 has changed online shopping forever, survey shows

The COVID-19 pandemic has accelerated the shift towards a more digital world. A recent online consumer survey shows that changes in online shopping behaviours...

Covid-19 Has Flipped the Value Proposition of Omnichannel Shopping For Constrained Consumers

With few alternatives available during the widespread lockdowns earlier this year, e-commerce quickly became a go-to means-to-an-end for shop-needy consumers around the globe. Six...

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...