Brands & People

Adidas opens flagship store in Lagos

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April 18, 2023
Sports brand, adidas, has opened a flagship store in Lagos State, Nigeria; its largest and first-of-its-kind store in West Africa. In a statement issued by the sports brand, adidas revealed that Lagos Flagship is the fourth adidas store to open in partnership with BrandCo in…
Technology

Why is Nigeria poor despite its potential?

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April 18, 2023
The Minister of Science, Technology and Innovation, Adeleke Mamora, has given reasons why Nigeria remains a poor country despite being blessed. The minister, who spoke at a workshop aimed at accelerating small hydropower investments in Nigeria, said the lack of capacity to turn potentials into reality has made the country underdeveloped despite its vast resources. The event held on Tuesday in…
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Uncategorized

37-year-old man accused of stealing N21m from church

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April 18, 2023
The police on Tuesday, arraigned a 37-year-old man, Nwafor Onyebuchi, before a Badagry Magistrates’ Court, Lagos, for allegedly stealing N21 million from a Catholic Church. Onyebuchi is facing a three-count charge of stealing, breach of public peace and conspiracy. He…
Energy

IKEDC generates highest revenue in Q3, Q4 2022 -NBS

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April 18, 2023
The National Bureau of Statistics has disclosed that the Ikeja Electricity Distribution Company had the highest electricity revenue for the third and fourth quarters of 2022. NBS noted that the Ikeja DisCo generated N40,558.7 billion and N45,625.79 in the third and fourth…
Real Estate

Building on Banana Island: LASEMA accident’s claim false, say builders

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April 17, 2023
Experts in the built environment have said the accidental collision of a truck cannot trigger a total collapse of a properly built structure. The Lagos State Emergency Management Agency had in a statement claimed that the recently collapsed building on 1st Avenue, in the Banana Island area of Ikoyi, Lagos State the collapse was a result of a truck that ran into the building. It stated…
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Markets

IMF lists reasons for Nigeria, others, low FDI

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April 16, 2023
The International Monetary Fund says the recent slowdown witnessed in Foreign Direct Investment, especially in developing countries can be linked to the divergent trade patterns among countries, with flows increasingly concentrated among geopolitically aligned countries…
Banking

CBN approves George-Taylor as new CEO Heritage Bank

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April 16, 2023
The Board of Directors of Heritage Bank has announced Mr Akinola George-Taylor as the substantive Managing Director/Chief Executive Officer of the bank. Mr Ozena Utulu, Group Head, Corporate Communications of the bank, said this in a statement on Sunday. The statement…
Startups

Boosting SME Profitability in an Era of High Inflation

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April 14, 2023
Every year, a lot of small and medium scale enterprises flood the market worldwide with new product solutions. This is common in developing economies like Nigeria where SMEs represent about 90 per cent of employment across the globe, the World Bank says. According to the Nigeria SME Survey, the SMEs contribute 48 per cent to the national Gross Domestic Product, account for 96 per cent of…
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