RiceAfrika, a leading agritech company transforming smallholder farming in Africa, has secured support from the Somaliland government to introduce its tech-driven solutions to boost agricultural productivity in the country. In a meeting on Wednesday at the Presidential Palace in Hargeisa, RiceAfrika Founder and CEO Ibrahim Maigari Ahmadu gained assurances from[Read More…]
Business
Private sector records 1st business expansion in 3mths — Stanbic IBTC Report
The private sector recorded the first business expansion in three months in December driven by increases in both output and new order coupled with recovery in demand, according to the Stanbic IBTC Bank Purchasing Managers Index, PMI. The report stated: “This was despite continued intense inflationary pressure, with purchase costs[Read More…]
P&G to end manufacturing operations in Nigeria, reverts to an import-only business model
P&G, which operates in some 180 countries of the world, produces a range of products for the Nigerian market, including Always sanitary pad, Pampers, Ariel detergent, Oral B toothpaste, and Gillette shaving stick. As reported, the Chief Financial Officer of the group Andre Schulten stated this during his presentation at[Read More…]
FG partners UBA, Stanbic IBTC on N35bn fund to revive Ajaokuta steel mill
As part of move to revive Ajaokuta Steel Mill located in Ajaokuta, Kogi State, the Federal Government has begun talks with some partners, including the United Bank of Africa (UBA), Stanbic IBTC Bank and Voda Infrastructure Management Limited, striking a multilateral finance agreement in the region of N35 billion. Shuaibu[Read More…]
Dangote Seeks Expansion Of Trade, Investments In Africa
President/chief executive of the Dangote Industries Limited, Aliko Dangote has called for greater integration of African economies and expansion of trade and investments across the continent to stimulate growth and create employment opportunities. Speaking at the ongoing Intra-African Trade Fair 2023 holding in Egypt, Dangote, who was represented by the[Read More…]
Eight firms record N918.1bn loss on currency revaluation
Eight firms have declared N918.1bn as currency revaluation loss following a 68.55 percent decline in the value of the naira against the dollar as of the end of September 2023. Following a Central Bank of Nigeria move in June to allow the market to determine the value of the local[Read More…]
Firstbank To Reward Customers With N170m In Promo
FirstBank of Nigeria Limited has launched its “Win Big” promo which will see the lender rewarding several new and existing customers with a total cash reward of N170 million. According to a press release, the four-month promo, which started on October 23, 2023, will run till February 23, 2023. The[Read More…]
NCC Underscores Role Of ICT In Fighting Financial Crimes
Nigerian Communications Commission (NCC) says effective application of Information and Communication Technology (ICT) is critical in combating financial crimes by enabling real-time surveillance, regulatory compliance, and secure data processing, just as it sought a multidisciplinary and multi-stakeholder collaborations to address issue of illicit financial flows in the country. Executive Vice[Read More…]
Dangote pan African operations fetch Nigeria $687,977m
The management of Dangote Industries Limited (DIL), has reported that Nigeria has received $687,977 million from its pan-African activities. The company reported that it has so far repatriated around $576.009 million through several Nigerian banks, in addition to a $111.968 million cash swap deal between Dangote Cement Plc and Ethiopian[Read More…]
Omale Omale restates commitment to transformation of power, transport sector
Benue State Commissioner for Transport and Power, Barr Omale Omale, has reaffirmed the commitment of Benue State government to transforming the power and transport sectors to address the critical needs of the people. Omale, who made this known while speaking to journalists recently in Makurdi disclosed that Governor Hyacinth Alia[Read More…]
Consumer TV
Danger of mobile phone in the kitchen
It’s dangerous using mobile phone in the kitchen
