Category Archives: Business

Globacom Signs Satellite Deal With Eutelsat’s Konnect Africa

October 6 Business no comments

In the presence of the French President, Emmanuel Macron, Eutelsat Communications (Euronext Paris: ETL) and Globacom have signed at the Elysée Palace in Paris, a multi-year, multi-Gbps wholesale capacity contract, enabli...

Covid-19: Africa Suffering From Substantial Economic & Health Har...

May 11 Business no comments

As the world battles new COVID-19 variants and supply of vaccines remains critically low in Africa, African Union Member States must find the balance between minimizing threats from COVID-19 and the indirect burdens of p...

New Breed Of Partner Needed To Support SMEs’ Post-Pandemic Recov...

September 23 Business no comments

As the economic impact of the Covid-19 pandemic hits Africa’s business sector, small and medium enterprises are in a fight for their survival. With slowing economies across the continent, low consumer confidence an...

Investment Company Keys Into Gov Sanwo-Olu’s Housing Agenda

September 10 Business no comments

Lagos Building Investment Company Plc (LBIC) has expressed its readiness to work with Governor Babajide Sanwo-Olu’s administration by keying into the T.H.E.M.E.S. developmental agenda of Lagos State, especially in ...

Nigeria Reopens Airports For International Flights August 29

August 18 Business no comments

Nigeria’s Aviation Minister Hadi Sirika on Monday said the resumption of international flights would begin with the megacity of Lagos and the capital, Abuja on 29 August, 2020. “Protocols and procedures will ...

Sports Minister Tasks Youth Investment Fund Committee

August 13 Business no comments

Minister of Youth and Sports Development, Mr. Sunday Dare has charged the Ministerial Technical Committee on Nigeria Youth Investment Fund to carry out their assignment with dispatch. Speaking at the inauguration of the ...

Covid-19: Shoprite ls Leaving Nigeria

August 3 Business no comments

Africa’s biggest grocery retailer and the South Africa-owned chain of stores, Shoprite, is exiting Nigeria, Africa’s most populous nation and largest market–after 15 years. Shoprite is re-evaluating its opera...

Africa House Partners With NACCIMA To Eradicate Food Shortage

July 12 Business 2 comments

.Using Hydroponics Technology – A report made available to this online newspaper says Africa House has partnered with the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and ...

N169bn Fraud: Dubai Officially Confirms Arrest Of Hushpuppi, Woodbery

June 26 Business 3 comments

Dubai Police authorities on Thursday confirmed the arrest of Nigerian well-known Instagram personalities Ramon Olurunwa Abbas also known as Hushpuppi and Olalekan Jacob Ponle popularly known as Woodbery. The two were con...

Lotto Agents Set To Clash With Western Lotto Over Commission

June 13 Business 119 comments

The desperate attempt by billionaire businessman-cum- politician, Sen Buruji Kashamu, to take over control of the Lotto industry in Nigeria is threatening to bring him into direct conflict with lotto agents. In his publi...

Lagos Governor Commissions 264 Units Of Flats In Lekki

May 29 Business 4 comments

The Lagos State Governor Mr. Babajide Olusola Sanwo-Olu on Thursday promised that his administration will build affordable and accessible houses for Lagosians. He made the disclosure while commissioning about 264 Units o...

Dangote Group, SAP Collaborate To Achieve Digital Transformation

April 20 Business 15 comments

With two of the continent’s most ambitious industrial projects underway, Nigeria’s Dangote Group has achieved the seemingly-impossible with an SAP-led digital transformation that was completed in record time....

COVID-19: Huawei Stores In South Africa Take Extra Precautions

March 23 Business 3 comments

Huawei Consumer Business Group South Africa has put additional measures in place at its stores, which are aimed at protecting the health of the company’s staff and customers. Firstly, Huawei service staff are required to...

Lagos Gov. Sympathises With Amu Market Fire Victims

January 27 Business 9 comments

Lagos State Governor, Mr. Babajide Sanwo-Olu, visited Amu Plank Market in Mushin on Sunday to sympathise with victims of a midnight fire that razed several shops and destroyed goods worth billions. The inferno, which sta...

EU Approves $29.24m To Rehabilitate North-East Nigeria

January 25 Business 3 comments

Reports on Saturday say the European Union (EU) has approved the sum of $29.24 million for the rehabilitation of North Eastern part of Nigeria, where thousands of people are displaced due to various attacts by insurgents...

Lagos Yet To Decide On ‘Okada’ Menace

January 14 Business 3 comments

Lagos State Government will not be taking definitive action against illegal operations of commercial motorcycles and tricycles on restricted routes across the State, it was learnt on Monday. The revelation followed a fou...

Lagos Targets All Sectors With 2020 Budget

January 8 Business 3 comments

The N1.168 trillion budget recently signed into Law by Governor Babajide Sanwo-Olu will promote investments in all sectors of the State’s economy as well as make meaningful impacts in the lives of the people, Commi...

Police Arrest Mastermind Of Abuja Bank Robbery

January 3 Business 2 comments

The Federal Capital Territory Police Command has arrested the last suspect and the alleged mastermind of the foiled robbery in the Mpape area of Abuja. The suspect who is identified as Ernest Ewim was picked up from his ...

Lagos Gov. Delivers Completed Section Of Lagos-Badagry Road

January 3 Business 1 comment

.Says Agege-Pen Cinema Bridge To Be Delivered In July – A newly constructed section of Lagos-Badagry Highway was on Friday, declared open for public use by Lagos State Governor, Mr. Babajide Sanwo-Olu, fulfilling t...

Fire Guts Part Of Kara Cattle Market Along Lagos-Ibadan Expressway

December 31 Business 34 comments

Reports coming in say some parts of the popular Kara Cattle Market along Lagos-Ibadan Expressway is currently on fire. The immediate cause of the fire outbreak is unknown but many sympathizers are helping to put off the ...

Applause For Lagos Govt As Dangote Refinery Project Kicks Off In Ibeju...

December 22 Business 5 comments

Lagos State Government on Friday got commendation from Nigeria Governors’ Forum (NGF) for creating enabling atmosphere for the smooth take-off of the petrochemical refinery and fertilizer projects sited in Ibeju-Lekki ar...

Lagos’ll Improve Business Environment, Says Governor

November 28 Business 2 comments

.Receives Prime Minister Of Netherlands In Lagos – Lagos State Governor, Mr. Babajide Sanwo-Olu has assured private investors of a conducive business environment, emphasizing that his government is committed to ens...

Anambra State Stops Issuing Of Illegal Tickets At Motor Parks

November 28 Business 2 comments

Anambra State Commissioner for Transport, Mr Christian Madubuko has cautioned against issuing of all forms of unapproved tickets to commercial vehicle operators in Motor Parks across the state. Madubuko noted that the mi...