April 8, 2021

The Ways the Internet of Things Can Improve Your Business

According to the recent survey conducted by Forbes, more than 65% of modern businesses strive to boost their productivity and future-proof their development strategy. What’s more, the majority of respondents note that they are currently harnessing the Internet-of-Things (IoT) potential to improve their business opportunities. Unfortunately, there are still a good many enterprises that find the idea of adopting IoT solutions somewhat daunting and inefficient in today’s reality and thus […]
April 6, 2021

Rite Foods Seeks Court Order Committing NBC’s MD to Prison

Rite Foods Limited, a Nigerian Foods and Beverages Company, has filed an application of committal against the Nigerian Bottling Company (NBC) and its Managing Director at a Federal High Court in Lagos, for contempt of court. The Rite Foods’ application for committal states that the contemnors, the NBC and its Managing Director (MD), Mathieu Seguin, have disobeyed interim injunctions granted by Hon. Justice Aneke of the Federal High Court on […]
April 6, 2021

Rite Foods Limited is committed to the Promotion of Talents in Nigeria—Says Adegunwa

Rite Foods Limited, a Nigerian leading foods and beverages company, has demonstrated its resolve to the promotion of talents in Nigeria through its Bigi brand, which sponsored the Prophetess Movie Premiere for select movie lovers in Nigeria; recently. The movie with the theme, Celestial, Angelic, Heavenly, was shown at the Film House Cinema, Dugbe, in Ibadan, Oyo State, on March 26, this year and two days later, at Imaxx Cinema, […]
April 5, 2021

Rite Foods supports Environmental Initiative, Rid Lagos of 1,767.2kg of Waste

As part of its commitment to environmental protection, Rite Foods Limited, a world-class proudly Nigerian Foods and Beverages Company, has sponsored the cleanup of the Alpha beach, in Lekki, Lagos, where 1,640kg and 127.2kg of solid and recyclable waste respectively, were cleared, as part of efforts at preserving the environment and in support of the Lagos State Government cleaner-Lagos initiative. The clean-up exercise which was in collaboration with the Sterling […]
March 29, 2021

Access Bank Gets Approval To Acquire More Banks In Africa

In a massive acquisition of different ‘A’ list banks, Access Bank Plc has announced that it received approval from South African and Nigerian regulatory authorities to acquire South African-based Grobank Limited. The bank’s expectation of 30% profit outside its Nigerian base, through a series of acquisitions in East and West Africa, is coming to fruition. According to the announcement, the approvals constitute a significant milestone in achieving completion of the […]
March 18, 2021

Donald Trump’s Wealth Slips to $2.3 bn during Presidency – Bloomberg

Donald Trump’s net worth dropped by about $700m to $2.3bn (£1.65bn) during his time as president, according to the Bloomberg Billionaires Index. The Covid-19 pandemic hit his fortunes hard, with Mr. Trump’s office buildings, branded hotels, and resorts losing revenue and falling in value. His fleet of planes and golf courses have also seen drops in their value. Mr. Trump is currently under a criminal investigation into his financial affairs […]
March 16, 2021

Bank Customers To Pay N6.98k For USSD Transactions — CBN, NCC

The Central Bank of Nigeria, CBN, and Nigerian Communications Commission (NCC) has said that bank customers are to begin paying N6.98 kobo per Unstructured Supplementary Service Data (USSD) transactions commencing today. The price replaced the former per session billing structure for USSD transactions. They disclosed this in a joint statement on pricing of USSD services, signed by Osita Nwanisobi, AG, Director Corporate Communications, CBN and Director Public Affairs, NCC, Dr. […]
January 26, 2021

Dangote Retains Spot as Richest Man in Africa for 10th time -Forbes

For the 10th time in a row, Aliko Dangote, chairman of Dangote Group, retained his spot as being the wealthiest man in Africa. The billionaire tycoon whose businesses cut across industrial and consumer goods, and latest interest in oil and gas, had his net worth come to $12.1 billion as at Friday, January 8 2021, up by $2 billion from 2019. According to Forbes, which tracks the wealth of billionaires […]
January 26, 2021

Olam, BATN, 8 Other Exporters Earn $100.88m In One Month

Top 10 traders earned $100.88m from non-oil goods exported in one month according to latest figures obtained from the Central Bank of Nigeria. Most of the exports were agriculture produce such as cocoa, beans, cashew nuts, and sesame among others. The CBN disclosed in its monthly economic report for October that Olam Nigeria topped the list of the exporters with 17.1 per cent. Part of the report read, “Provisional data […]
January 22, 2021

Dubai halts Entertainment Activities, Non-Essential Surgeries Over COVID-19

Dubai has ordered hotels and restaurants to put entertainment activities on hold and asked hospitals to cancel elective surgeries amid a record daily surge in coronavirus cases in the United Arab Emirates. The city’s Department of Tourism and Commerce Marketing called for the temporary hold to all entertainment activities from January 21 until further notice after inspections showed “an increase in number of violations,” it said in a circular. The […]