Online retailer Jumia Technologies, often called “the Amazon of Africa”, said it suspended its e-commerce platform activities in Cameroon on Monday because it is not suitable for the country. Its shares have tumbled from its Wall Street initial public offering price of 14.50 dollars in April, hitting a record low of 5.10 dollars on Monday … Read more
Ecobank Nigeria has said it is partnering the All Africa Music Awards 2019 for the 6th edition of the programme in Lagos, as part of its initiatives to boost the creative sector. The bank, in a statement, described AFRIMA as an annual celebration of African talents from all regions of the continent. The Managing Director, … Read more
The Danish Ambassador to Nigeria, Amb. Jesper Kamp said his home government is now committed to creating job opportunities for Nigerians than giving them financial aids. Jesper disclosed this at the launch of a partnership between FOSS Analytical Business and Prime Atlantic Global Instruments Ltd. in Lagos on Monday. FOSS Analytical is a Danish leading … Read more
Lagos State Governor, Babajide Olusola Sanwo-Olu has arrived China for business collaborations with the state. The governor on a working visit to the world’s second largest economy, is expected to execute meaningful partnerships that will support the state’s aspiration of becoming a 21st century economy and visit the China Railway Construction Company (CRCC) and … Read more
Jaiz Bank Plc, Nigeria’s premier non-interest (Islamic) bank has once again shown its capability of rounding up the year positively by posting impressive nine months results. Key extracts of the nine-month report for the period ended September 30, 2019 released to the Nigerian Stock Exchange (NSE) showed that total income rose by 49.2 %, while … Read more
Air Peace Airline says it has signed a contract with Embraer for three additional E195-E2 aircraft, worth $212.6 million. The company said in a statement on Sunday in Lagos that the contract confirmed the purchase rights from the original contract signed in April. It said the new E195-E2s would be included in Embraer’s 2019 fourth-quarter … Read more
The Federal Government has approved the sum of $1.6bn for new Seaport construction in Portacourt and Warri. Ekohotblog gathered that the two new seaports is part of the Federal Government’s efforts to decongest the Lagos ports. According to the Minister of Transportation, Rotimi Amaechi, two ports would be built in the Pessu area of Warri, … Read more
In response to the Federal Government ’ s plea for farmers not to take advantage of the current border closure , producers of the Ogoja Rice have disclosed plans to slash the price of the grain ahead of the Yuletide season. Chairman of the Santuscom Agro – Hub Investment Nigeria Limited , producers of Ogoja … Read more
To help women entrepreneurs in Nigeria and other African countries improve their capacity, the European Investment Bank ( EIB ), has announced a $ 1 . 1 billion lending programme called , SheInvest. EIB Vice President , Ambroise Fayolle , also revealed that the bank has signed three further agreements to boost sustainable development on … Read more
Stanbic IBTC Holdings PLC, a member of Standard Bank Group , has launched a product that is set to provide a unique range of financial services to the informally served , the underbanked and the unbanked on various structured platforms with the last 10 digits of a phone number. The product is known as Stanbic … Read more
Some vegetable sellers in Agege, have complained that fluted pumpkin leaves populary known as ‘Ugwu’ vegetable is scarce because the floods have washed away their farms. Speaking during an interview with the News Agency of Nigeria (NAN) on Monday in Lagos, traders blamed the recent hike in the price of ‘Ugwu’ on the rainy season. … Read more
President of the African Development Bank(AfDB) Dr Akinwunmi Adesina has received warm felicitations from Muhammadu Buhari on the latest and historic increase in capital increase from $93 billion to $208 billion. President Buhari, who stated this in a congratulatory message issued by his spokesman, Mr Femi Adesina, in Abuja on Sunday, said this feat had … Read more
Managing Director, Trustfund Pensions Limited, Mrs Helen Da-Souza has emphasized that youths in Nigeria need to inculcate the saving culture saying that there is no limit or age restriction to savings. Speaking during the weekend in Abuja at the 2019 prize giving ceremony of Trustfund Pensions essay competition for senior school students in the Federal … Read more
Fine digital tools that would aid in the transformation, farming, improvement and livelihood of farmers has been launched by the International Institute of Tropical Agriculture (IITA). The digital tools include the cassava, Goseed and yam seed trackers; Akilimo, IITA Herbicide Calculator, e-commerce site and IITA News App. Dr Nteranya Sanginga, IITA Director General who marks … Read more
The Federal Government has urged Nigerians once again to patronize Made-in-Nigeria products, stating it’s readiness to drive the growth of the locally produced goods. Speaking yesterday at the opening ceremony of the 2019 Lagos International Trade Fair, President Muhammadu Buhari explained that promoting locally made products would facilitate the realisation of a the new Nigeria, … Read more
Mr Godwin Emefiele, Governor of the Central Bank of Nigerian (CBN) has revealed that if the nation’s border remained closed for the next 24 months, kidnapping, insurgency amongst others will be totally flushed out. Emefiele stated this at the first Convocation Lecture of Edo University, Iyamho, Auchi on Friday. The governor, while responding to questions … Read more
A new era was beginning at the European Central Bank (ECB) on Friday as Christine Lagarde takes over from Mario Draghi at the head of the central bank managing the euro, the currency of the 19-member eurozone. Lagarde, 63-year-old, succeeds the Italian Draghi, who was in the post for eight years and guided the European … Read more
First City Monument Bank (FCMB) Plc has won the award of ‘‘Excellence in Customer Experience Enhancement’’ at the Finnovex West Africa Awards held recently in Lagos. Also, its Managing Director, Mr. Adam Nuru, emerged the CEO of the year. They were elected to the positions after a survey conducted by the organisers which involved bank … Read more
President Muhammadu Buhari has expressed delight with the World Bank’s 2020 Doing Business Index (DBI) which ranked Nigeria 131 out of 190 countries, up 15 places from 146th position last year. The report, which was released Thursday, also named Nigeria one of the top 10 most improved economies in the world for the second time … Read more
About 774, 000 women , spread across 1,000 from each of the 774 Local Government Areas in Nigeria , will receive at a whopping N10 billion in form of grants to lift them from poverty. This forms part of a micro -grant scheme to empower and lift the poor and vulnerable women , especially in … Read more