Transportation

GIGM Appoints Enahoro Okhae As CEO

GIG Mobility (GIGM), a tech-enabled mobility company, under the management and leadership of Greatman Legend (formally GIG Group) has announced the appointment of Enahoro Okhae as Chief Executive Officer for GIGM. The new CEO also seized the opportunity to share his vision , he said , “Mobility is beyond movement; it is about the ability to move easily and unhindered irrespective of the channel…
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Agriculture

OPPORTUNITIES BECKON FOR NIGERIA'S PALM OIL PRODUCER

Palm oil producers in Nigeria have been posting record revenues and profits in the past 5 years.largely on account of import restrictions that more or less guaranteed their position as suppliers of last resort to diverse commercial and individual users, As reported by…
10 Brands

Interesting business fun facts - Curated by Pelumi

-Pepsi took inspiration for its name from the digestive enzyme pepsin. -McDonald’s originally sold hot dogs, not burgers. -Over 8,000 glasses of Coca-Cola are consumed every second. – A perfect pint of Guinness should take 119.5 seconds while pouring at 45…
BankingMarket

Naira gained against the US dollar on Tuesday,

Tuesday, 17th May 2022: The exchange rate between the naira and the US dollar closed at N418.5/$1 at the official Investors and Exporters (I&E) window, appreciating by 0.71% from N421.5/$1 recorded the previous day. Naira gained against the US dollar on Tuesday, following the record-high depreciation recorded in the previous trading session. Likewise, FX turnover improved by 48.7% to $105.1…
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Market

Cedrus To Bridge Investment Gap In Nigeria, Africa

Olubusayo Adeniyi, the Chief Executive Officer of Cedrus Group Africa, has stated that the company is bridging the infrastructural gap in order to increase investment in Nigeria and in Africa as a whole. He addressed journalists during a press conference organized in Lagos…
BankingStartups

Nigerian Fintech Multigate.io Leads Payment Service In Africa

Multigate.io, a Nigerian financial technology firm formed in 2017, leads the future of FinTech and cross-border payments from the continent by providing immediate cross-border funds transfer and enhanced treasury and cash management to businesses and individuals within and outside of Africa. The company focuses on providing simple solutions to solve the complicated payment and cash management…
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Technology

ELECTRONIC ARTS SPORTS TO STOP MAKING FIFA VIDEO GAME

Popular video games publisher Electronic Arts says it is going to stop making Fifa branded football titles. It is one of the most profitable brands in gaming history, but the cost of the licence was one reason why the decision was made to ditch the partnership. EA will…
Technology

ARAMCO OVERTAKES APPLE AS WORLD’S MOST VALUABLE COMPANY

Apple has lost its position as the world’s most valuable company amid a broad sell-off of technology stocks. Saudi Arabian oil and gas producer Aramco has reclaimed the top spot from the iPhone maker for the first time in almost two years. Investors have been selling…
Technology

ZINOX TECHNOLOGIES SET TO ACQUIRE JUMIA

Zinox Technologies is reportedly set to acquire foremost e-commerce company,Jumia. The billionaire Leo Stan Ekeh led company is set to make the move as Junmia’s shares price continues to dip. According to ENigeria Newspaper, the shares price of Jumia, Africa’s e-commerce behemoth, slumped 11.32 percent to $4.78 on Wednesday as investors fled IT companies’ stocks amid a market sell-off that…
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