Tag: nigerian

EFCC investigating Sirika's Nigerian Air deal – Keyamo
Economy

EFCC investigating Sirika’s Nigerian Air deal – Keyamo

Minister of Aviation and Aerospace Development, Festus Keyamo has disclosed that the Economic and Financial Crimes Commission is investigating the controversial Nigeria Air deal initiated by former Aviation Minister, Hadi Sirika. Keyamo made this known during an appearance on Channels Television’s Politics Today program on Wednesday. Keyamo stated, “There is a criminal investigation going on. […]

Nigerian edtech startup AltSchool expands into Europe
Tech

Nigerian edtech startup AltSchool launches in Kenya

Nigerian edtech startup, AltSchool Africa has opened up in Kenya, its second biggest market by revenue, the company’s co-founder, Adewale Yusuf disclosed. East African nation, Kenya generates the second-highest income for the startup. As a result, AltSchool will now concentrate on offering its Kenyan clients direct assistance in addition to working to expedite local payment […]

Nigerian market not ready for electric vehicles - Stakeholders
featured Transportation

Nigerian market not ready for electric vehicles – Stakeholders

Industry experts have warned against early adoption of electric vehicles in Nigeria. According to The PUNCH, they cited inadequate power supply, a scarcity of licensed EV technicians, limited charging infrastructure, and the requirement for specific training to service diverse EV models. “There are still many disputes going on about this. Some major automakers are creating electric […]

Top female MDs, CEOs in Nigerian banks
Banking News

Top female MDs, CEOs in Nigerian banks

Nigeria’s financial sector is undergoing a revolutionary change, and nine remarkable women are driving this change. Olayemi Cardoso, the governor of the Central Bank of Nigeria, named new CEOs on January 11 to manage the Union, Keystone, and Polaris Banks. The CBN dissolved the boards and managements of these banks for purported violations of corporate […]

Business featured

Shell to sell Nigerian onshore oil assets for $1.3bn

Shell Plc has agreed to sell its Nigerian onshore oil assets to a local partnership for more than $1.3 billion, subject to government permission. According to Bloomberg, Shell’s Integrated Gas and Upstream Director, Zoe Yujnovich, confirmed the deal in a statement on Tuesday, emphasizing the company’s focus on streamlining its portfolio and directing disciplined investments […]

Nigerian startup 60Seconds launches nightlife experience app
Business

Nigerian startup 60Seconds launches nightlife experience app

A Nigerian startup, 60Seconds, has built a platform that will revolutionize how revellers interact, engage, and transact in their favourite night spots. The PUNCH reported that according to a statement signed by the CEO of 60Seconds, Coolman Chidiagba, the app was created not only to foster a sense of community among partygoers, but also to streamline the overall nightlife […]

Transcorp Hotels becomes first Nigerian firm to pass N1tn market cap
Business

Transcorp Hotels becomes first Nigerian firm to pass N1tn market cap

A hospitality subsidiary of Transnational Corporation Plc, Transcorp Hotels Plc, is Nigeria’s first hospitality organization to cross the N1 trillion market capitalization threshold, admitting it to the SWOOTs (Stocks Worth Over One Trillion) club. Transcorp Hotels Plc (TRANSCOHOT) gained 7.24% at the NGX on Wednesday, January 10, 2023, to close at a share price of N100, bringing […]

Nigerian digital entreprenuers to look out for in 2024
News Tech

Nigerian digital entreprenuers to look out for in 2024

In the dynamic landscape of Nigeria’s digital sphere, a new generation of digital entrepreneurs is emerging as pioneers, shaping the future of technology and innovation in the country. These entrepreneurs make a living and advance humanity with digital platforms. These visionaries, armed with innovative ideas and a relentless drive, turn challenges into opportunities, bringing about […]

Why Nigerian billionaires dropped on global billionaires ranking
Business featured

Why Nigerian billionaires dropped on global billionaires ranking

Nigerian billionaires, Aliko Dangote – President/Chief Executive of the Dangote Group, AbdulSamad Rabiu – BUA Group chairman, and Mike Adenuga – Globacom chief, have dropped on the global billionaires ranking. This is coming less than one year after Forbes magazine named three Nigerians among its 2460 individual billionaires in its 2023 Billionaires list. According to […]

Business opportunities in Nigerian waste collection industry
Business

Business opportunities in Nigerian waste collection industry

In Nigeria, the waste collection industry is critical to addressing growing environmental concerns and supporting sustainable waste management methods. Waste, sometimes known as “garbage” is the term used to describe abandoned materials, substances, or by-products that are no longer valuable or intended for further use. With increased urbanization and industrialization, the volume of trash generated has increased dramatically, […]

NGX to draw in more investors - CEO
Business

Nigerian stocks rise 6.54% in first week of 2024

The Nigerian Exchange Limited ended the first week of 2024 on a high note, backed by continued investor faith in listed companies. The Times reported that this momentum has implanted hope for a possibly positive market in 2024, propelling the All-Share index to a 6.54% gain to close at 79,664.66 points. Similarly, all other indexes […]

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