Events

Firm gifts stabbed Lagos voter land

A real estate firm, Riel Homes, has gifted one Jennifer Efidi, who was attacked and injured during the 2023 presidential election in Lagos State a plot of land worth N2.2m. The Lagos resident was assaulted while she was waiting to cast her vote at the Nuru/Oniwo Ward, Polling Unit 065, in Surulere on February 25. Despite the attack, she did not give up on her right to vote and returned to the…
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Markets

Stakeholders seek for insurance, pension growth.

Stakeholders in the financial sector have canvassed the need to grow the insurance and pension sectors. They spoke at the annual conference of BusinessToday Communication Limited in Lagos with the theme, ‘Consumer satisfaction in deepening penetration in insurance and…
Technology

MTN investors will buy dividend shares at N232.68.

MTN Nigeria has announced the price for its shares per unit under the scrip dividend plan for interested shareholders. In a corporate notice filed with the Nigerian Exchange Limited on Thursday, the firm said that reference share price would be N232.68, which was lower than its share value at the end of trading on Wednesday, which stood at N240 per unit. MTN in March proposed a scrip dividend plan…
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Startups

Startup launches luxury salon in Lagos

Curlla Luxury Salon has disclosed plans to launch its flagship location in the Lekki area of Lagos State. It is set to be the ultimate expression of luxury created to provide a unique and unparalleled beauty experience, with a focus on personalisation, exclusivity, and…
Fintech

Coy launches hardware store

Samsung in partnership with Rifugio Communications has opened a brand store at Lekki. The firm also announced that the store will offer customers an opportunity to spread payment for products across 12 months. The newly opened store is a one-stop shop for Samsung products…
Brands & People

BUA Foods increased sales to N418 billion

Consumer goods company, BUA Foods, has said its 2022 full year revenue rose by 26 per cent to N418.3bn from N333.2bn in 2021. It also reported a 31 per cent appreciation in its profit after tax for the financial year ended December 31, 2022 when compared to the previous year. This was disclosed in the 2022 financial year results of the company filed with the Nigerian Exchange Limited on…
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Banking

UBA to sell Abuja Disco over $122m debt

The United Bank for Africa has revealed plans to sell the Abuja Electricity Distribution Company to recover a $122m debt the Disco is owing it. The lender had in December 2021 taken over the disco following the government’s approval. The plan to sell was revealed at the…
Transportation

Lagos-Ibadan Expressway Completed April 30, Drainage Delayed, Oyo Section - FG

The Minister of Works and Housing Mr Babatunde Fashola, has said the Lagos-Ibadan and Abuja-Kano Expressways will be completed by April 30. The minister gave the assurance at the pre-inspection of the completed Loko-oweto Bridge in Nasarawa State on Wednesday. Fashola said, “I want to appeal to commuters on that road for continuous patience and understanding: it is a difficult project to execute…
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