The General Manager of Vibranium Valley, Ms. Moyosore Asubiojo, has likened the tech hub to Nigeria’s Silicon Valley, highlighting its emergence as a thriving tech city and a nurturing ground for innovators and startups. Asubiojo made these remarks during an interview with reporters in Lagos on the occasion of the visit of Mr. Wally Adeyemo, Read More…
The Lagos Chamber of Commerce and Industry (LCCI) has officially announced the forthcoming 2023 edition of the annual Lagos International Trade Fair (LITF), scheduled to run from November 3rd to November 12th. During a press conference held on Thursday in Lagos, Mr. Leye Kupoluyi, Chairman of the Trade Promotion Board at LCCI, shared exciting details Read More…
Nigeria and the United Arab Emirates (UAE) have reached a final agreement to lift the visa ban imposed on Nigerian travelers and to promptly resume flights operated by Etihad and Emirates Airlines. This development comes in the wake of President Bola Tinubu’s visit to the emirate on Monday, following his participation in the G20 summit Read More…
The Association of Bureaux De Change Operators of Nigeria (ABCON) has made a fervent appeal to the Central Bank of Nigeria (CBN) for a significant shift towards digital operations, aiming to democratise and centralise their activities. In an interview on Sunday, ABCON President Alhaji Aminu Gwadabe emphasised the importance of embracing technology in light of Read More…
The removal of the fuel subsidy announced by President Bola Tinubu on May 29, 2023, need not have resulted in the mass misery that has further alienated Nigerians from their government, if only the plans ceremoniously rolled out by the immediate past government to provide succour for the people before the fuel subsidy was abolished, Read More…
In a recent development, the Federal Airports Authority of Nigeria (FAAN) has directed airlines to relocate flight operations and passenger processing to Terminal 2 of the Murtala Muhammed International Airport. This directive was communicated by Abdullahi Yakubu-Funtua, the Director of Public Affairs & Consumer Protection at FAAN, in a statement released in Lagos. Mr. Festus Read More…
The Eko Electricity Distribution Company (EKEDC) has assured its customers of its preparedness to launch a large-scale initiative for the distribution of prepaid meters within its network areas. Dr. Tinuade Sanda, CEO of EKEDC, conveyed this commitment during a customer engagement forum held in Lagos on Thursday. The event, attended by customers from various areas, Read More…
Nigeria’s state oil corporation, NNPC Ltd., has raised concerns over Italy’s Eni subsidiary’s announcement of a deal to transfer onshore oil assets to local company Oando PLC. In a letter seen by Reuters, NNPC Ltd. contends that Eni’s subsidiary, Nigerian Agip Oil Company Ltd. (NAOC), failed to obtain NNPC’s consent before revealing the transaction. Such Read More…
The naira gained against the dollar on Thursday as it exchanged at N736.62 at the Investors and Exporters window. The local currency appreciated by 4.53 percent compared to the N771.59 it exchanged for the dollar on Wednesday. The open indicative rate closed at N774.74 to the dollar on Thursday. A spot exchange rate of N799.90 Read More…
PZ Cussons, the renowned soap maker based in Manchester, has revealed its intentions to acquire the minority shareholders of PZ Cussons Nigeria and subsequently remove the business from the Nigerian stock exchange. The decision to take this step is attributed to the “foreign exchange challenges” experienced in Nigeria. According to the company, “The group believes Read More…
