FinTech Investments in Q3 2020 Drop by 16% Quarter-over-Quarter to $12.15 Billion

The total value of fintech investments worldwide sank to $12.15 billion in Q3 2020, a 16% drop compared to Q2 2020. The amount was...

Pokemon Go Lifetime Revenue Crosses $4 Billion as Year-To-Date Revenue Surges by 30%

The year 2020 has been the most profitable year for Pokemon Go since its launch in 2016. The mobile game generated $1 billion in...

Golden Guinea Breweries Plc Reports N18.88m PAT in Q3 2020

The Umuahia, Abia State-based Golden Guinea Breweries Plc has released its unaudited financial statements for the year ended September 30th, 2020. The brewer recorded Revenue...

Nigeria Gross Domestic Product: COVID-19 drags economy further by 3.62%

The Nigerian economy slid into its second recession in five years, following the 3.62% y/y contraction recorded in Q3’20 (Q3’19: +2.28% y/y). The economy...

Telecom & IT

MTN partners with Gameloft on exciting new platform

In partnership with Gameloft, a leader in the development and publishing of mobile games, MTN Nigeria has announced the...
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Glo named most popular Nigerian brand for 2020

Africa's foremost branding agency, HKLM, is celebrating two branding wins this month: Globacom (Glo), Nigeria's second largest telecommunications operator (HKLM helped launch the brand...

Nigerians pay heavy price as laptop scarcity bites harder

The ongoing scarcity of laptops and personal computers (PCs) may worsen as industry experts are now projecting that the prevailing paucity may persist until...

Six strategies to increase young women’s access to digital jobs

The digital economy can create new job opportunities for young women and help address the persistent gender disparity in the labour market. Jobs involving remote,...

COVID-19 Adds $15 Bn to Games Market, Engagement Skyrockets

In our new Global Games Market Report quarterly update, we forecast that the games market will grow 19.6% to $174.9 billion this year. This number is $15.6 billion higher than...

Business & Economy

CBN retains MPR at 11.5%, Holds other Key Parameters Constant

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) of Nigeria concluded its two-day policy meeting which is the last for...

Custodian Completes Acquisition of UACN’s 51% Stake in UPDC

Custodian Investment Plc has completed the acquisition of the 51 per cent majority equity stake in UACN Property Development Company (UPDC) Plc from UAC...

Traders’ Voice… A Recession, For How Long?

Recession! I think we all saw this coming. The Nigerian economy declined for the second consecutive quarter by 3.6% YoY in the third quarter...

Again, Nestle’s parent company acquires additional shares of Nestle Nigeria worth ₦143million

Nestle S.A, Switzerland, the parent company of Nestle Nigeria Plc and the majority shareholder of the company, has further increased its stake in the...

2021 Budget: Ogun Govt Insist on Value for Money

Ogun State Government, on Monday, disclosed that in the year 2021 Budget, the great emphasis would be placed on the relative value and cost...

SME Corner

Here Are The Most Profitable Startups That Will Bring You Big Gains In 2020

As the pace of technological advancement increases, the scope for the evolution of newer start-ups is on the rise....

LBS alumnus, Mike Ewewie is solving Nigeria’s poverty problem through shoes

Mike Ewewie comes from a family that has been involved in the shoemaking business for 25 years but on...

Standard Chartered Launches the 2nd edition of its Women in Tech programme to support Nigerian Female Entrepreneurs

November 09, 2020 – Standard Chartered Bank (Nigeria) Limited today launched the second edition of its SC Women in Technology...

How to apply for Kwara State N500m SME funds

The Governor of Kwara State Abdulrahman Abdulrasaq tweeted that he visited the sites of some of the businesses that...

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...

Beverages

Elites Fans Celebrate As Erica Nlewedim Bags Double Endorsement Deal With Star Radler and Legend Extra Stout

Elite Fans have taken to social media to congratulate Ex BBN-Housemate and Nollywood actress, Erica Nlewedim, over her double endorsement deal with Star Radler...

Seen Star Radler’s Citrus New Look And New Red Fruit Variant? Here’s Why You Should Try It!

Star Radler premium tasting beer has just unleashed the next best antidote for thirst with its double refreshment offering. The flavoured alcoholic beer unveiled...

1000 Ogijo Women Graduate From Coca-Cola Empowerment Programme

As part of continued efforts to upskill and empower women across underserved communities in Nigeria, Coca-Cola’s women empowerment programme tagged “Catalyst for Change” has...
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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 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 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 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...

Here is a list of all Microfinance Banks’ USSD Codes in Nigeria.

A Microfinance bank is a type of bank that offers small loans, or microloans, to individuals, entrepreneurs and small businesses. These banks typically function...

Agro News

Customers meet farmers supplying Shoprite store farm-fresh produce

Nigerian farmers will have the opportunity to sell their fruit and vegetables directly to Shoprite customers on Saturday, 28 November, as part of the retailer’s ‘Meet the Farmer’ initiative. Shoprite Adeniran in Lagos will host a fresh produce supplier from...

Lagos to partner FAO to enhance Coconut Production

The Lagos State coconut value chain, conservatively put in excess of N350 billion yearly, is set to be activated as the State partners the...

Rising Food Prices: Should the border closure be reversed?

Earlier, the NBS released inflation figures for October 2020 with food inflation printing at 17.38%y/y. Recall that the Nigerian authorities shut its land borders...

FAO’s Food Outlook: Developing countries buoy global food trade

Global trade in food products has proven remarkably resilient during the pandemic, with developing countries even managing to increase export revenues, according to a...

Food Inflation in Nigeria hits 17.38% in October

Nigerian Inflation Rate Rises on Surging Food Costs Food inflation in Nigeria rose in October to 17.38 percent, compared to 16.66 percent in September 2020,...

Video and Magazine News

Energy & Power

Here are the average Prices of Petrol, Diesel, Kerosene and Cooking Gas for October 2020

The average price paid by consumers for premium motor spirit (petrol) increased by 10.79% year-on-year and month-on-month by 0.07% to N161.17 in October 2020...

Ardova to act as Main Distributor for Shell Lubricants Branded Products

Ardova Plc (formerly Forte Oil PLC) will act as the main distributor for Shell Lubricants branded products for the automotive and industrial sectors in...

LEKOIL Announces the Resignation of Strand Hanson Limited as its Nominated Adviser

LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces that Strand Hanson Limited has resigned...

Japaul, Chinese firms sign agreement on Gold Mining

Japaul Gold & Ventures Plc (Japaul) formerly Japaul Oil & Maritime Services Plc has concluded discussions and has gotten approval in principle from the...

Real Estate

BUA Cement Waxing Stronger Against All Odds

Further Revenue Growth in Q3 Boosts Overall 9M Topline Performance In Q3:2020, BUA Cement Plc. improved on the revenue gains made in H1:2020 to deliver...

Dangote Cement PLC Generated N761.44bn Revenue as PAT Surge by 35.20%

Dangote Cement PLC delivered an impressive performance in Q3-2020 with revenue up by 12.01% boosted by a 5.63% and 6.59% growth in cement production...

BUA Cement Posts Impressive Q3, 2020 Financial Results As Revenue Hits N156.6Bn

BUA Cement, one of Africa’s largest cement producers, has declared revenues of N156.6billion in its 2020 third quarter (Q3) financial results for the 9-months...

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...

Ikeja Hotel Receives Occupancy Revocation, N1.4bn Loss in Q3 to Affect Dividend Declaration

Ikeja Hotel Plc has issued a statement via the Nigeria Stock Exchange (NSE) to its Shareholders on the unaudited group Accounts for the third...

Tourism Industry to Lose Over $1 Trillion and Can Reduce Global GDP By Up to 2.8%

Tourism, which is the third-largest export sector in the global economy, is among the worst impacted sectors by the global pandemic. According to the...

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,...

Retail - Brick & Click

Shoprite surprises customers on a bumper Black Friday

Shoprite Nigeria’s supermarkets have offered early Black Friday deals and big discounts on everyday essentials as customers are increasingly looking for value, given the...

The History of Price Comparison Sites and How They Spread Across the World

In 2020, very few of us purchase goods or services without first performing some perfunctory research. The reason behind this is simple: we want...

Kwik Delivery and Total Nigeria Plc partner on e-commerce fulfilment of Corporate Affairs Commission documents

Kwik Delivery and Total Nigeria Plc will enable businesses to use TOTAL service stations as secure pickup locations of essential documents November 20, 2020 -...

Konga Yakata 2020 outstripping expectations

The 2020 edition of Konga Yakata is living up to expectations as arguably the most lucrative ever in the history of Nigerian e-Commerce, with...