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Fashion

Business development requires good knowledge - Fashionpreur

The Chief Executive Officer, Mykmary Fashion House, Micheal Onyemah, has said that a sound knowledge of the principles of business is needed to make entrepreneurs succeed. He made this disclosure at his Lagos office over the weekend. He said, “It takes more than just…
Brands & People

Unilever exits Nigeria's home and skincare markets

Fast Moving Consumer Goods, Unilever Nigeria, has said that it will be exiting the home care and skin cleansing markets to reposition its business for sustained profitability. This was revealed in a corporate notice to the Nigerian Exchange Limited and signed by its Company…
Technology

FG provides grants to mini-network developers.

The federal government has announced plans to award subsidies to mini-grid developers for the deployment of solar power mini-grids to 150 underserved and unserved electricity sites across seven states. The government announced this in a statement issued by the Rural…

Business Profile

Business Profile

PZ Cussons appoints a new Chairman.

PZ Cussons Nigeria Plc has appointed former Head of the Federal Inland Revenue Service, Ifueko Okauru, as Chairman of its Board of Directors. The company said in a statement that key appointments to its board were approved after two people from the top hierarchy left due to retirement and resignation. It revealed that Gbenga Oyebode has retired as…
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Fintech

Fintech

MTN merges two financial subsidiaries

Telecommunications company, MTN Nigeria, has proposed a merger of its two finance subsidiaries; Momo Payment Service Bank Limited and Yello Digital Financial Services Limited. This was revealed in its proposed resolutions for its 2023…
Fintech

New Zealand bans TikTok on lawmakers devices

New Zealand will ban Chinese-owned social media app TikTok from lawmakers’ devices, officials told AFP Friday, becoming the latest Western nation to act on security fears about the platform. TikTok will be banned on all devices with…
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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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Fashion

Business development requires good knowledge - Fashionpreur

The Chief Executive Officer, Mykmary Fashion House, Micheal Onyemah, has said that a sound knowledge of the principles of business is needed to make entrepreneurs succeed. He made this disclosure at his Lagos office over the weekend. He said, “It takes more than just creativity and passion to succeed as a fashion entrepreneur. “It requires a solid understanding of business principles and…
Read more
Market

The stock market decreased by N476bn

The market capitalisation of the Nigerian Exchange Limited dropped below N30tn last week, weeks after it crossed the mark, leading to a loss of N476bn for investors. This bearish trend started on Monday with investors losing N3bn to close at N 30.391 tn. On Tuesday, the…
Brands & People

Unilever exits Nigeria's home and skincare markets

Fast Moving Consumer Goods, Unilever Nigeria, has said that it will be exiting the home care and skin cleansing markets to reposition its business for sustained profitability. This was revealed in a corporate notice to the Nigerian Exchange Limited and signed by its Company Secretary, Abidemi Ademola. The company said that it was changing its business model to accelerate the growth of the company…
Read more
Technology

FG provides grants to mini-network developers.

The federal government has announced plans to award subsidies to mini-grid developers for the deployment of solar power mini-grids to 150 underserved and unserved electricity sites across seven states. The government announced this in a statement issued by the Rural…
Real Estate

Completed Lagos real estate projects fall 14% –Report

Real estate development activities in Lagos, the country’s commercial hub, plunged by 14 per cent in 2022 as a result of heightened election uncertainty, currency challenges and inflation, an Intel report said. The report titled “Lagos Real Estate Development Pipeline…
Fintech

MTN merges two financial subsidiaries

Telecommunications company, MTN Nigeria, has proposed a merger of its two finance subsidiaries; Momo Payment Service Bank Limited and Yello Digital Financial Services Limited. This was revealed in its proposed resolutions for its 2023 Annual General Meeting scheduled to hold in April. The company said that the proposed merger would “hold the Payment Service Bank licence granted by the Central…
Read more
Fintech

New Zealand bans TikTok on lawmakers devices

New Zealand will ban Chinese-owned social media app TikTok from lawmakers’ devices, officials told AFP Friday, becoming the latest Western nation to act on security fears about the platform. TikTok will be banned on all devices with access to the parliamentary network…
Market

Investors lost 313bn as market capitalization fell.

Less than a month after hitting N30 trillion in market capitalization, the Nigerian Exchange Limited has suffered N313bn loss to dip to N29.915 trillion. The market cap dropped by 1.04 in percentage terms, the same percentage as the All Share Index, which dropped 574.59…
Energy

FG installed N3bn substation power in Kwara.

The Federal Government has commenced steps to install $8m (about N3bn) 1x60MVA, 132/33KV transmission sub-station in Oro in the Irepodun Local Government Area of Kwara State. The project is expected to transform the lives of the people of Oro in particular and the entire local government area in general. Speaking while performing the ground-breaking ceremony of the project in Oro on Thursday, the…
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