Brands & People

Appertito wins innovation award

Grand Oak Limited says its premium bitter apéritif, Apperrito has won an award for Africa’s Most Innovative Premium Bitter Appetizer Beverage at the African Brand Innovators Summit 2023. According to a statement, the event which took place in Lagos recently brought together prominent corporate bodies, industry leaders and innovators from across Africa to celebrate and recognise exceptional…
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Economy

Subsidy Removal: FG saves N400 billion in four weeks

The Federal Government has so far saved about N400bn as a result of the removal of subsidy on Premium Motor Spirit, popularly called petrol, since May 31, 2023, when the initiative was officially implemented, oil marketers stated on Thursday. Also, the oil dealers stated…
Education

Sanwo-Olu Rewards Aminat Yusuf With ₦10M

Lagos State governor, Babajide Sanwo-Olu, has rewarded the Lagos State University (LASU) record-breaking graduating Law student, Aminat Yusuf with a sum of N10 million. Sanwo-Olu rewarded Yusuf who obtained a CGPA of 5.0 with the money on Thursday at the 26th convocation…
Market

Binance CEO declares ‘Binance Nigeria Limited scam entity’

The Chief Executive Officer of Binance, Changpeng Zhao, has declared Nigeris’s subsidiary of the global cryptocurrency exchange platform as a scam. Zhao made this known via his Twitter handle on Sunday, saying, “Binance Nigeria Limited a scam entity.” “Binance has issued cease & desist notice to the scammer entity “Binance Nigeria Limited”. Don’t believe everything you read…
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Market

Ondo, Kogi, Rivers lead as inflation hits 22.41%

The average prices of goods rose the highest year-on-year in Ondo, Kogi, and Rivers states, according to the National Bureau of Statistics. This is as inflation in the country rose to 22.41 per cent in May, the NBS disclosed. In the ‘Consumer Price Index’ for May 2023, inflation for the three states was higher than the national average. The average prices of goods rose the highest year-on-year…
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Market

The stock market is losing momentum due to profit taking

Nigeria’s stock market lost momentum for the first time since the suspension of former Governor of the Central Bank of Nigeria, Godwin Emefiele, as investors chose to take profit following the recent two-day rally. Access Corporation saw much of its shares sold as the…
Brands & People

Eagle Schnapps unveils new campaign

Eagle Aromatic Schnapps has unveiled a new campaign themed “Journey with authentic prayers” to promote hard work and dedication among Nigerians. The company’s Head of Marketing, Mobolaji Alalade, said that the initiative was a follow-up to the relaunch of the brand…
Brands & PeopleMarket

LCCI restates commitment to private sector advocacy

The Lagos Chamber of Commerce and Industry has said that it will not relent on its mandate to advocate for the interest of Nigeria’s Organised Private Sector. The President of the chamber, Michael Olawale-Cole, stated this on Wednesday during a flag-off of activities to mark LCCI’s 35th anniversary celebration. Olawale-Cole said the founding fathers of the chamber had a practical idea of…
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