ACCORDING TO NBS, DISCOS MADE N480 BILLION IN SIX MONTHS.
According to the National Bureau of Statistics’ latest Electricity Report for the first quarter of 2023, despite a 1.74 percent decline in supply, the total amount of income made by…
HERITAGE BANK DENIES RUMORS OF A BOARDROOM CRISIS.
Heritage Bank Plc, one of Nigeria’s fastest-growing commercial banks, has denied rumors of a boardroom conflict and a mass dismissal of the managing director, Mr Akinola George-Taylor. According to a…
NAIRA FLOAT: ACCORDING TO REPORTS, DANGOTE AND ABDULSAMAD RABIU LOST $5.85 BILLION IN A SINGLE DAY.
Aliko Dangote and Abdulsamad Rabiu, two billionaire Nigerian businessmen, reportedly lost a staggering $5.85 billion barely 24 hours after the Central Bank of Nigeria (CBN) floated the Naira. This is…
HEAD OF THE NDPB JOINS THE FORBES TECHNOLOGY COUNCIL
The National Commissioner, NDPB, Dr. Vincent Olatunji, has been invited to the Forbes Technology Council for 2023. The Forbes Technology Council is a group of elite CIOs, CTOs, and technology…
MTN NIGERIA CONTRIBUTES N100 MILLION TO THE SECOND ITERATION OF THE MEDIA INNOVATION PROGRAM.
In the second iteration of the MTN Media Innovation Programme (MIP), which aims to increase the ability of media professionals in the nation, MTN Nigeria is investing over N100 million.…
DANIEL INVENTS A COOLING SYSTEM FOR TOMATO FARMERS IN RURAL NIGERIA
As a boy growing up in an average African home, Daniel Oseni was exposed to various African dishes prepared with tomatoes. In his words, “Purchasing these tomatoes was a nightmare…
FIRST BANK NAMES A NEW EXECUTIVE DIRECTOR AFTER DEPUTY MD RETIRES.
First Bank of Nigeria Limited, the country’s oldest institution, has announced the resignation of Deputy Managing Director Gbenga Shobo, effective as of February 27. The retirement occurs before Mr. Shobo…
NAIRA MAINTAINS GAINS AT THE OFFICIAL MARKET DESPITE SHORTAGES
On Thursday, the naira gained more ground against the US dollar in the Investors and Exporters window, extending its three-day winning streak despite the country’s ongoing cash shortage that is…
U.S. CUSTOMER SERVICE ASSOCIATION AND A LAGOS COMPANY COLLABORATE TO TRAIN 4 MILLION INDIVIDUALS IN AFRICA.
An advising company called Ingenium Concepts Limited has revealed plans for an international customer service training effort for 2023. To encourage the growth and development of Africa’s business ecosystem, this…
JAIZ BANK PROJECTS A 2022 PRE-TAX PROFIT OF N6.67 BILLION.
The financial results for the year ending December 31, 2022, were announced by Jaiz Bank Plc. They indicate a huge increase in Profit Before Tax (PBT) of 52.63 percent, from…
