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Business

Nigeria & India to Chair Commonwealth Finance Ministers Working Group

Nigeria and India are to chair the Commonwealth Finance Ministers Working Group, while India will be chair, Nigeria will be the deputy even as the Ministers from various Commonwealth countries called for a systemic reform of the global financial architecture to enhance access to development financing for vulnerable countries. The ministers agreed for India to […]

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Business

Dangote Sugar Refinery to Pay Shareholders N18.22b Targets Over 170,000 Tonnes for Next Season

Despite the economic headwinds that characterised 2022, Dangote Sugar Refinery Plc (DSR) will pay N18.22 billion as dividends to shareholders for the year ended December 31, 2022, while also targeting the production of over 170,000 tonnes of sugar next season. The dividend payout will translate to N1.50 kobo per share held by shareholders. Chairman of […]

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TechEntertainment

MTN Partners Apple Music to offer Six-Month Free Trial to Customers

MTN Nigeria has partnered with US-based digital music platform, Apple Music, to offer free access to a premium selection of songs​​as part of efforts to ensure customers can enjoy quality entertainment on the go. MTN customers who subscribe to the service will have access to Apple Music’s catalogue of over 100 million local and international […]

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Business

CBN Directs Banks to Transfer Money in Dormant Accounts into Trust Fund Account

The Central Bank of Nigeria has proposed that banks should transfer funds in accounts that have been dormant for up to 10 years into a trust fund account. This is contained in the recently released exposure draft of guidelines on the Management of Dormant Accounts, Unclaimed Balances and Other Financial Assets in Banks and Other […]

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News

Dangote Assures Cement Factory Shareholders, Stakeholders of Profitable RoI

Shareholders and other stakeholders of Dangote Cement Plc have the mandate to keep the company profitable by leveraging on strategic innovations for the continuous growth of their investments. Chairman of Dangote Cement Plc, Aliko Dangote said at the 14th Annual General Meeting (AGM), of the company in Lagos, that the prospects for the cement company […]

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Ride-Hailing

In-app SOS Service Useless, Says Family of Slain Bolt Driver, Demands Tighter Security

Relatives of slain Bolt driver partner Euston Mnguni are urging the e-hailing company to beef up driver security on its app, noting the in-app SOS service is “useless” when it comes to saving lives during a crime incident. In early March, 28-year-old Mnguni was shot four times after being hijacked by criminals masquerading as riders, […]

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Business

Vertiv Rejigs for Regional Market Penetration with New Managing Director Africa Appointment

Vertiv, provider of critical digital infrastructure and continuity solutions, has announced the appointment of a new managing director for Africa. Vertiv has promoted Wojtek Piorko with immediate effect, from his previous position as South East Africa regional director. The role was previously held by Pierre Havenga, who will be leaving Vertiv at the end of […]

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FinTech

Nigeria Govt to Reap RenMoney, FairMoney, ALAT and Others of Customers’ Contacts May 31

All loan apps on Google Play Store such as Ren Money, Fair Money and ALAT from Wema Bank will lose their ability to access their users’ contacts or photos from May 31, 2023, the Federal Government has said. This comes as authorities say the latest policy by Google will be enforced. The action is consistent […]

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TechEntertainment

Opera Brings Football Fans Reboots Live Scores Now Ranks Number One on Google Play in Nigeria

Opera, the company behind the family of popular mobile browsers that boast over 100 million monthly active users across Africa – is announcing an exciting new browser mode for football fans. The reboot will offer an in-depth football experience built right into the data-saving Opera Mini Browser, enabling fans to follow action from around the […]

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News

NCC Reacts to Stakeholders’ Call for Social Media Control as Civil Societies Seek Intervention

The Nigerian Communications Commission (NCC) has said it is not the regulator of the contents of the social media networks that many stakeholders have complained about. The Commission reacted to calls when the National Civil Society Council of Nigeria (NCSCN), led by its Executive Secretary, Blessing Akinsolotu, sought the intervention of the Commission on the […]

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