Business

Since its inception, Instagram has proven to be a powerful marketing tool for businesses looking to expand their presence and the visibility of their products. While advertisement and sponsorship opportunities exist, getting started with Instagram is free and businesses can establish a significant following without spending a dime. If you have not jumped on the Instagram […]

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The Central Bank of Nigeria has stated that the eNaira’s fourth phase will lead to offline and cross-border payment solutions. This was disclosed by the Director, Information Technology Department, CBN, Mrs Rakiya Mohammed, at the licensed payment service providers’ engagement session in Lagos on Monday. She charged licensed PSPs to build additional products and services […]

Flour Mills of Nigeria (FMN) and Honeywell Group Limited (HGL) today announced, through a press release, that they have signed an agreement to which flour mills will acquire Honeywell Group’s portfolio company, Honeywell Flour Mills PLC (HFMP). According to the press release, Honeywell Group Limited has agreed to sell a 71.69% stake in Honeywell Flour […]

The Pension Commission of Nigeria (PENCOM) has issued a statement clarifying who are the actual direct or indirect beneficiaries of shares of FBNH currently owned by Leadway Pensure. Recall, FBNH issued a press release in October claiming one of its directors, Mr. Tunde Odukale had informed the bank that his direct and indirect ownership in […]

The Federal Government has stated that the growth in Nigeria’s digital services, especially in areas of culture, creativity, hospitality and tourism will boost investments in the economy. This was disclosed by Clem Agba, Minister of State, Budget and National Planning, at the 2021 African Statistics Day celebration with the theme: “Modernising National Statistical Systems to support […]

Innocent Chukwuma, chairman, Innoson Group, says his relationship with Guaranty Trust Bank (GTB) now Guaranty Trust Holding Company Plc (GTCO Plc) changed after the exit of the former chief executive officer (CEO), Olutayo Aderinokun. Aderinokun died in 2011 after a protracted illness. Chukwuma, in an interview with journalists on Tuesday, said the money owed him by […]

Unilever Plc, the owners of Lipton and PG Tips, has agreed to sell its global tea business, ekaterra, to CVC Capital Partners for €4.5 billion on a cash-free, debt-free basis. This is according to a press release from Unilever titled, “Unilever to sell its Tea business, ekaterra, to CVC Capital Partners Fund VIII for €4.5 bn,” and published on […]

Nigeria’s Gross Domestic Product (GDP) grew by 4.03% (year-on-year) in real terms in the third quarter of 2021, showing a sustained growth over the last four quarters since the recession witnessed in 2020. This is according to the recently published GDP report by the National Bureau of Statistics (NBS). According to the report, Nigeria’s real […]

President Muhammadu Buhari has approved the sum of N656 billion as Bridge Financing Facility to the 36 States of the federation. This was disclosed by the Minister of Finance, Zainab Ahmed on Thursday at the virtual NEC meeting presided over by Vice President Yemi Osinbajo at the Presidential Villa, Abuja, according to NAN. The Minister […]


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