Category Archives: Business

Jumia Records N22 Billion Loss in Six Months

The last six months has been turbulent for the parent company of African e-commerce firm, Jumia following the staggering loss recorded. If there is anything Jumia is close to meeting, it is certainly not profit. Early yesterday morning, Rocket Internet,

Court Orders MTN to Pay N4.8bn for ‘Using and Dumping’ Ex-employee

MTN Nigeria Communications Limited and MTN International, Mauritius, have been ordered by the National Industrial Court of Nigeria (NICN), Akure Division, to within 30 days pay its former Network Group Operations Manager, Mr. Paul Odunewu, the sum of $13,419,728.54, £10,000

NAFDAC Gets New Acting Director General

Abuja -The Federal Government of Nigeria on Thursday approved the appointment of Mr. Ademola Andrew Magbojuri as the new Acting Director General of the National Agency for Food and Drugs Administration and Control (NAFDAC). Magbojuri takes over from Mrs. Yetunde

Press Release: The New Age Banking Summit, Nigeria Explored Key Digital Banking and Fintech Trends in Africa

September 28 2017, Lagos, Nigeria: The New Age Banking Summit, Nigeria commenced at Intercontinental Lagos, Nigeria on Tuesday. The two-day event, organised by UMS Conferences, is supported by the Central Bank of Nigeria. SAS is the Official Banking Analytics Partner,

Cost of Business Registration in Nigeria Now Cheaper– CAC

The Registrar-General, Corporate Affairs Commission (CAC), Mr. Bello Mahmud, said on Tesday in Abuja that the cost of business registration in Nigeria was now cheaper and its process simplified to enable small entrepreneurs to register their businesses. Muhmud announced this

UK, Nigeria to improve trade relations

Laure Beaufils, Deputy British High Commissioner to Nigeria joined CNBC Africa’s Esther Awoniyi from the floor of the Nigerian Stock Exchange to discuss how the relationship between Nigeria and the United Kingdom can be improved. Over the decades Nigeria and

Uber Set To Make a Deal to Get Back Its London Licence

London – Uber Set To Make a Deal to Get Back Its London Licence Last week came with some pretty shocking news. Transport for London announced (in a tweet, of all places) that it would not be renewing Uber’s licence.

How Nigeria Can Save $14m yearly from Road-marking Paints

Lagos – Nigeria can save about $14 million yearly from the local production of thermoplastic road-P Managing Director, 7T Microns Powder Limited, Mr Manny Igbenoba, has said. He spoke during the launch of his brand of paints in Lagos. He said

Five Benefits of Being An Entrepreneur

Five Benefits of Being An Entrepreneur Making the decision to become an entrepreneur is never easy. When you eventually do, there are so many things you will gain. Jumia Travel, the leading online travel agency, shares some of the benefits

How Marketers Feed off Nollywood Actors’ Talent – Femi Branch

In Nollywood, being a marketer is almost equivalent to being a demigod. They determine who acts and who doesnt, they have reputation of making stars and stopping many others from shining. The popular belief is that, If you have marketers

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