Jumia and Mastercard are partnering to increase the platform’s investment, grow the e-commerce sector and as well support digital transformation in the continent. According to Jumia, under the new agreement, the two companies will look to build on MasterCard’s presence across Africa, bringing its deep knowledge and expertise in payment solutions and technologies to spark … Read more
Popular social media platform, Facebook in partnership with She Leads Africa, SLA, is set to hold the second edition of ‘#She Means Business, an initiative designed to inspire, empower and train female entrepreneurs across the country to build, grow and start their own businesses. acebook said #She Means Business University Tour will take place across … Read more
The Nigerian National Petroleum Corporation, NNPC, yesterday, said the Federal Government would no longer grant approval for any new gas project that does not abide by its zero gas flare policy. The NNPC, in a statement in Abuja, said this represented the Federal Government’s commitment to a zero gas flare regime, while stating that it … Read more
Peoples Democratic Party, PDP, candidate for Lagos State House of Assembly, Ibeju Lekki Constituency, Tari Oba-Oliver, has rejected the result of the just concluded elections. She vowed to challenge the outcome which saw Mojeed Fatai of the All Progressives Congress, APC, declared winner. Oliver told newsmen: “I reject the declaration of Hon Mojeed Fatai as the … Read more
Lagos State Commissioner of Police, CP Zubairu Muazu, yesterday, paid a condolence visit to family of late Kolade Johnson, who had life snuffed out of him Sunday night, by bullets from a team of policemen attached to the Anti-Cultism Unit of the command at Onipetesi, Agege area of the state. He was accompanied by the … Read more
Mr. Emmanuel Oladipo, the former International Director, Scriptures Union, has said Nigerians are in need of role models and mentors to change the perception of Nigeria and its citizens across the globe. Oladipo said this at the launch of his latest book entitled “Exemplary Christians in the Nigerian Public Square,” noting that in his travels … Read more
A digital agric tech firm, Farmcrowdy Group, has launched a subsidiary agro platform called Farmgate Africa, in Lagos, yesterday. At a briefing in Farmcrowdy’s Lekki office, the Chief Executive Officer and co-founder, Farmcrowdy Group, Onyeka Akuma, disclosed that Farmgate Africa was established as a subsidiary platform to help the mother company, Farmcrowdy, drive the growth … Read more
To reduce infant and child mortality rate in Lagos State, Committee of Wives of Lagos State Officials, COWLSO, yesterday, donated 32 neo-natal incubators to 13 government hospitals in the state, while giving six birthing suites to Lagos Island Maternity, Amuwo Maternal and Child Centre, as well as Epe General Hospital. Chairman of COWLSO and wife of … Read more
StarTimes Nigeria has partnered MTN Nigeria to offer mobile internet subscribers on the network a special data bundle for StarTimes ‘ON’ mobile app. With the video streaming bundles on StarTimes ‘ON’ App, MTN subscribers can now enjoy unlimited entertainment and video on demand (VOD) service at a cheaper data price than any other network … Read more
Oando Plc has recorded a N28.8 billion Profit-After-Tax (PAT) in its audited account for the year ended December 31 , 2018, representing a 46 percent increase from the N19.8 billion recorded in 2017. A review of Oando’s results shows positive performance across most of its financial indices; reaffirming the company’s concerted efforts and commitment … Read more
FMDQ OTC Securities Exchange, yesterday, admitted Access Bank Plc’s N15 billion green bonds for trading on its platform. The five-year, 15.5 percent, Fixed Rate Senior Unsecured Green Bond due 2024, is the pioneer climate bonds standard certified corporate green bond issued in Africa. The proceeds from the issuance will be used to finance/re-finance eligible … Read more
Against the backdrop of the bad state of Nigeria’s refineries, the country may have spent about N10 trillion in the provision of pump price subsidy on imported petroleum products from 2006 to 2018. A research report by BudgIT, a public finance focused Non-Governmental Organisation, NGO, said this amount came from the price shocks in … Read more
The Senior Business Development Manager (West) of Sigma Pensions Limited, Mr. John Igiehon, has reiterated the firm’s commitment to prompt resolution of complaints from contributors. Igiehon spoke in Akure, Ondo State, at a sensitisation forum for retirees and prospective retirees in Ondo and Ekiti states, noting that contributors should not hesitate in pointing out … Read more
IFC, a member of the World Bank Group, has signed an agreement with Africa Reinsurance Corporation(Africa Re) to help thousands of small holder Nigerian farmers to access insurance more easily to protect their crops and livelihoods. Under the agreement, Africa Re, a pan-African reinsurance company headquartered in Nigeria, and IFC’s Global Index Insurance Facility … Read more
Nigerian Council of Registered Insurance Brokers, NCRIB, has frowned at Nigerians poor attitude towards insurance and dependence on government for compensation after a major incident or disaster. Executive Secretary of NCRIB, Mr. Fatai Adegbenro, noted that insurance is the best form of risk transfer mechanism, adding that government cannot pay compensation the way the … Read more
The Nigerian Stock Exchange(NSE) has extended the deadline for quoted insurance companies to submit their 2018 financial results, following their transition to the International Financial Reporting Standard, IFRS 9. This gives the insurance companies till July 31 to submit their results against the statutory time frame of June 30 every year. The extension came … Read more
20 planes, owned by private individuals, are among moveable assets worth N1. 26 trillion registered on the National Collateral Registry (NCR) platform. Registrar of NCR, Alhaji Mohammed Mainasara, disclosed this in Abuja, adding that 65,370 moveable assets had been registered on the NCR’s portal as at March 20. The NCR is a databank where security … Read more
Four weeks after the murder of a member of the House of Representatives, Mr. Temitope Olatoye, aka Sugar, who represented Lagelu/Akinyele Federal Constituency, the Oyo State Police Command has said the case is now being “handled by the higher authorities,” without being specific. The Oyo State Commissioner of Police, Mr. Shina Olukolu disclosed this … Read more
Police authorities in Ondo State, yesterday, threatened to declare wanted a teacher, Mrs. Kura, who reportedly asked the Senior Prefect of Ijo Mimo High school, Temitayo Oluwole, to help her pluck mango which led to his death last weekend. The suspect, whose whereabouts remained unknown after the incident, is the Physics teacher for the … Read more
The Landlady of 16, Adekoya Street in Ojo, Lagos State, and her children are on the run, following an alleged murder of one of her tenants, Idowu Oladele. The fleeing landlady, Fausat Ibrahim, was alleged to have hit the deceased with a charm on his chest, causing him to slump and die moments after. … Read more