Car Rentals, Taxi and Ride-Hailing Revenues to Hit $325B in 2021, a $68B Plunge Compared to Pre-COVID-19 Figures

The COVID-19 pandemic has brought significant changes and challenges for the taxi and car rentals industries. Lockdown restrictions, cancelled flights, and people working from...

Global Consumer Spend on Health and Fitness Apps Rose by 50% in 2020

Consumers turned to digital platforms for their fitness needs driving remarkable growth in the industry in 2020. According to the research data analyzed and...

DF Holdings Acquires N29.89m Worth of Additional AIICO Insurance Shares

AIICO Insurance revealed that a majority shareholder, DF Holdings Limited had acquired additional 27,174,309 ordinary shares at N1.10k per share at the Nigerian Stock Exchange platform. DF Holdings Limited...

Moët Hennessy Closes 2020 with 14% Sales Drop

LVMH showed good resilience against the pandemic crisis in 2020 LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of 44.7...

Telecom & IT

Xiaomi Launches Redmi 9T In Nigeria Market

The world’s third-largest smartphone brand Xiaomi today announced Redmi 9T in Nigeria market, the new king of entry-level. Redmi...
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True Wireless Stereo Headset Sales Surge 90% in 2020 as Chinese Vendors Surge

Despite Pandemic True Wireless Stereo (TWS) Bluetooth Headsets Post Healthy Growth Strategy Analytics in a newly published series of reports from the Device Technologies (EDT) team, forecasts total...

MTN and Facebook Begin Digital Marketing Training for SMEs under Y’ello 200

MTN Nigeria has commenced a partnership with global social networking giant, Facebook to deliver digital marketing training to SMEs under the MTN’s first accelerator...

Western Digital and Qumulo Enable Massive Capacity and Scale for IHME COVID-19 Health Analytics and Vaccine Roll Out

IHME Utilizes Qumulo’s Scalable File Data Platform with Western Digital’s Ultrastar® HDDs and SSDs to Compute up to 2PB Per Day to Provide Public Pandemic...

How to address data privacy concerns in the workplace and maximize employee trust

By Andrew Bourne, Region Manager, Africa, Zoho Corporation As businesses look to overcome the challenges of 2020, they’ll have a number of goals in mind....

Business & Economy

Nigeria Mortgage Refinance Company PLC Lists ₦10.00 Bn Fixed Rate Bond on FMDQ Exchange

FMDQ Securities Exchange Limited (FMDQ Exchange), following the due diligence of its Board Listings and Markets Committee, has approved the Listing of the Nigerian...

Unilever Nigeria PLC – An uphill battle to profitability

In its recently released unaudited FY’20 financial statements, Unilever Nigeria consolidated on its improved Q3’20 performance after an especially hard year riddled with turnover...

MPC retains brakes on policy rates

During the past year of declining real output, cost-push inflationary pressure and lacklustre foreign appetite for Naira assets, the Monetary Policy Committee (MPC) adjusted...

UPDC Announces Appointment Of Mr. Wole Oshin As Chairman, Board Of Directors

Lagos, Nigeria; Wednesday, 27 January 2021 - UACN Property Development Company Plc (UPDC) wishes to announce the appointment of Mr. Wole Oshin as the...

Microsoft revenue growth improves to 17% in Q2 on cloud demand, net profit up 33%

Microsoft Cloud Strength Drives Second Quarter Results January 26, 2021 — Microsoft Corp. today announced the following results for the quarter ended December 31, 2020,...

SME Corner

Entrepreneurialism alive and well in the time of the pandemic

Entrepreneurial spirit is up among women and younger adults. One-third of adults across the world show a very high level...

The Coca-Cola Foundation Empowers Over 4,600 Women in 5 Months

A women empowerment and capacity building program sponsored by The Coca-Cola Foundation in partnership with Karis and Eleos Hand...

#YouTubeBlackVoices: How YouTube is Supporting Black Creators and Artists

12 January 2021 - YouTube today released its inaugural class of African content creators set to receive a grant...

5 Ways To Make Money From The Comfort Of Your Home

Not everyone would like to have a white-collar job and even if you have one, it is always good...

Tony Elumelu Foundation Unveils African Entrepreneurship Programme

The Tony Elumelu Foundation (TEF), on Friday in Lagos, unveiled the TEF Entrepreneurship programme for 2021, to empower women...

Beverages

#EnergyInYourHustle Challenge: Amber Energy Drink Announces Top 20 Finalists

Twenty participants have advanced to the next phase of the #EnergyInYourHustle challenge, a social media challenge that had participants creatively showcase their everyday hustle...

Promasidor Nigeria appoints new CEO

Promasidor Nigeria Limited has appointed Bruno Gruwez as it’s Chief Executive Officer (CEO) effective January 1st 2021. Bruno succeeds Anders Einarsson, who will assume...

Desperados Launches Alcohol-Free Innovation, Desperados Virgin 0.0%

Born from a wild experiment, Desperados Virgin 0.0% pushes the boundaries of non-alcoholic alternatives and unleashes the adventurous side of beer drinkers. The brand’s...
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Must Read

List of United Bank for Africa (UBA) 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 usually used when transferring...

List of First Bank of Nigeria Sort Codes in Nigeria

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

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...

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 Mobile Banking USSD Codes For All Banks in Nigeria and how to use them

The introduction of USSD codes (Unstructured Supplementary Service Data) has changed the Nigerian banking system completely. Today, mobile banking services have been deployed by...

Agro News

Okomu Oil Palm Generated N20.50bn Revenue…PAT up by 46.28%

Okomu Oil Palm Company PLC 2020 year-end financials show a significant 24.08% revenue growth when compared to the full year 2019 turnover. This was majorly driven by a 29.17% growth in local sales from N15.87bn to N20.50bn despite a 2.90%...

AgBiTech and GAIL enter distribution agreement for Fawligen biological control for Fall Armyworm in Nigeria

LAGOS/DALLAS - Farmers in Nigeria, the first country where Fall Armyworm (FAW) was detected in Africa in 2016, will soon get access to a...

AFEX 2020 Review and 2021 Outlook: Nigerian Commodities Space Not Immune to the Impact of COVID-19

We began releasing an annual commodity review in 2020 to provide a trusted source of information for participants in the commodities market in Nigeria. Our...

Prices of Tomato, Yam, Rice, increased in December – NBS

Prices of selected food items including eggs, tomatoes, yam, rice increased in December data from the National Bureau of Statistics have shown. The NBS in...

Gov. Fayemi Inaugurates Egbeja Snail Village In Okemesi Ekiti (Photos)

In line with the Ekiti State Government’s policy of encouraging private investments in the state, Governor, Dr. Kayode Fayemi, has inaugurated multi-billion naira Egbeja Snail...

Video and Magazine News

Energy & Power

Climate data presents a $2 billion opportunity in Africa alone. Here’s why

Satellite images can support industrial growth, environment protection, healthcare and education. Better access to climate data could help emerging economies recapture billions in...

50% of Passenger Vehicles Will be Electric by 2040

50% of Passenger Vehicles Will be Electric by 2040 On a global scale, passenger electric vehicles shot up from 450,000 to 2.1 million in 2019....

Here Are The Average Prices Of Petrol, Diesel, Kerosene And Cooking Gas For December 2020

The average price paid by consumers for premium motor spirit (petrol) increased by 14.62% year-on-year and month-on-month by 3.79% to N167.27 in November 2020...

OPEC Predicts A Rebound In U.S. Shale

Oil prices fell back on Friday over demand concerns. News that China has reported its highest Covid-19 case count in months weighed on market sentiment. OPEC sees...

Real Estate

FG To Establish 6 Correctional Facilities (Photos)

The federal government disclosed on Saturday that it would establish six new modern correctional facilities in the six geo-political zones in the country. Rauf Aregbesola,...

Northcourt’s 2021 Nigeria Real Estate Market Outlook

World at Home 2020 will be described as the year of unprecedented shifts and shocks. COVID-19 effects were evident in the economy and real estate...

Know Your Real Property Investments And Rights

You think you already know all you need to know as regards real property investments and the rights surrounding it? That may not be...

Transcorp Hilton Abuja Launches its Christmas Staycation Offer

Transcorp Hilton Abuja has launched its Christmas Staycation package aimed at giving guests an exceptional experience as they end the year 2020. The Christmas offer,...

Demand for Second Passport Surges by 50 percent amid Covid-19 restrictions

National lockdowns, closed borders and travel restrictions have helped drive up enquiries for second passports, citizenships and overseas residencies by more than 50% year-on-year,...

Rebound in Global Travel Will Be Gradual Despite Probable Vaccines, says Fitch Ratings

Global demand for travel and tourism will take several years to recover to pre-pandemic levels, despite growing evidence that effective coronavirus vaccines may be...

Transcorp Hilton Abuja wins big at the 2020 World Travel Awards.

Transcorp Hilton Abuja has emerged the winners of the 2020 World Travel Awards in 4 categories notably Africa’s Leading Business Hotel. This is the...

Retail - Brick & Click

Jumia Global Festival 2021 is Live

Jumia has commenced its first sales festival of the year, the Jumia Global Festival, which runs from January 25th to 31st, 2021 with exciting...

Digital Wallet Spend to Exceed $10 Trillion Globally in 2025; Driven by Rising eCommerce & Contactless Spend

25th January 2021: A new study from Juniper Research has found that total spend via digital wallets will exceed $10 trillion in 2025, up from...

MoneyGram Expands Real-Time Digital P2P Payments with Visa Direct through New Checkout.com Partnership

Customers can use the MoneyGram website or leading mobile app to send money in near real-time to Visa debit cardholders across 575 corridors from...

Konga Clearance Sale kicks off with massive discounts

Over 65,000 mobile phones, 15,000 laptops/desktops/printers, 3,150 inverters and inverter batteries, 1550 TVs, loads of Fast Moving Consumer Goods (FMCG), as well as Home...