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Travel & Tourism

Maritime Workers Begin Nationwide Strike On Monday

Maritime Workers Union of Nigeria, MWUN, has directed workers to shut down all operations of shipping companies and begin an indefinite nationwide strike from Monday over a lingering dispute with shipping companies concerning the poor pay package and welfare of employees. At…
FintechTechnology

Telcos are phasing out old USSD codes

Telecommunication firms have begun to phase out old Unstructured Supplementary Service Data shortcodes for new harmonised ones as directed by the Nigerian Communications Commission. With this move, famous USSD codes such as *556# are now outdated. Customers of MTN Nigeria…
Education

Wema Bank supports school with furniture

Wema Bank has said it donated chairs and tables to Isale Eko Grammar School, in Lagos State. A statement said the act was made possible through Wema Bank’s corporate social investment initiative, the “Salary for Love” campaign. It said Wema Bank’s employees…

Business Profile

Business Profile

Alibaba founder, Jack Ma, accepted a teaching position in Hong Kong.

The founder of Chinese tech giant, Alibaba, Jack Ma has been made an honorary professor of business at a top Hong Kong university, the school announced Friday. The appointment comes weeks afer the billionaire made a rare public appearance in China following his fall from grace during a government crackdown on the tech industry over two years…
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FintechTechnology

Telcos are phasing out old USSD codes

Telecommunication firms have begun to phase out old Unstructured Supplementary Service Data shortcodes for new harmonised ones as directed by the Nigerian Communications Commission. With this move, famous USSD codes such as *556# are…
Fintech

5 things to know about new Twitter CEO Linda Yaccarino

Elon Musk on Friday unveiled Linda Yaccarino as the new head of Twitter, the social media app he purchased from the founders in April 2022. After a series of live trials and errors on the app, Elon Musk on Thursday hinted that he had…
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NOMINATION FORM FOR THE 2022 RANKS AFRICA BRANDS RECOGNITION

2022 Brands Recognition: These brands are driving economic growth across the country. They stimulate new employment opportunities in nearly every industry. The Ranks Business Consumer Choice Award is a system for determining consumer contentment and brand acceptability. Register your nomination no later than the 31st of December, 2022. BEST STARTUPS BEST RESTAURANTS BEST INFLUENCER BEST NEW…
MagazineMarkets

The January issue of Ranks Business Magazine features Entrepreneur Henry Orakwue Groovy

Do you aspire to financial success? Most people probably do, although it is well-known that it is not an easy endeavor. Henry Orakwue “Groovy” For the majority of us, the widening wealth gap between the rich and the poor makes it seem unattainable, but 26-year-old Henry Olisaemeka Orakwue, a model since 2014 and one of the most sought-after brand influencers, can teach you how. Groovy…
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Economy

Nigeria's debt exceeds revenue by N13 trillion in seven years

Nigeria’s total debt in seven years outweighed the revenue generated by the Federal Government by N13.26tn, The findings were based on data from the Central Bank of Nigeria and the Debt Management Office. The Federal Government recorded revenue of N43.06tn between 2016 and 2022 as the country borrowed N56.32tn within the same period. The debt included borrowing by the Federal Government and…
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Banking

FG records N930bn two-month deficit - CBN

The Federal Government recorded N930.8bn fiscal deficit in January and February 2023 according to the Central Bank of Nigeria. The CBN stated in its monthly economic report for February 2023 that, “The estimated overall fiscal deficit of the FGN expanded in February, due…
Travel & Tourism

Maritime Workers Begin Nationwide Strike On Monday

Maritime Workers Union of Nigeria, MWUN, has directed workers to shut down all operations of shipping companies and begin an indefinite nationwide strike from Monday over a lingering dispute with shipping companies concerning the poor pay package and welfare of employees. At a briefing, Thursday, the President-General of MWUN, Prince Adewale Adeyanju, lamented that since 2018 Organised Labour had…
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Transportation

Dano advises Nigerians to consume milk

Arla Foods, maker of Dano Milk has advised Nigerians to ensure a measured consumption of milk on a consistent basis as recommended by health experts. The clarion call was made by the Dano Category Manager — Powder, Dominic Orimogunje, on the occasion of this year’s World…
Economy

Subsidy: NNPC says the price of petrol will come down

The Group Chief Executive Officer, Nigerian National Petroleum Company Limited, Mele Kyari, on Thursday, allayed the fear of Nigerians on the rising prices of Premium Motor Spirit, known better as petrol across the country. The NNPC boss said competition among major players in the oil sector would force down the price of petrol as against the upward trends that have caused panic in the…
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Markets

Naira devaluation fake news – CBN

The Central Bank of Nigeria has debunked the claim that it has devalued the naira. A statement signed by Acting Director Corporate Communications, Isah AbdulMumin, said the dollar traded at N465/$1 contrary to reports. The statement partly reads, “We wish to state…
FintechTechnology

Telcos are phasing out old USSD codes

Telecommunication firms have begun to phase out old Unstructured Supplementary Service Data shortcodes for new harmonised ones as directed by the Nigerian Communications Commission. With this move, famous USSD codes such as *556# are now outdated. Customers of MTN Nigeria…
Banking

UBA strengthens its alumni network

United Bank for Africa Plc has revamped the UBA Alumni Network Programme, aimed at fostering stronger connections and providing exclusive benefits to its esteemed former employees. According to the statement issued by the bank, in enhancing its initial promises, the revamped UBA Alumni Network now offers a broad range of advantages to empower ex-staff members. UBA’s Group Managing Director…
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