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…
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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…
Blockchain

KPMG appoints former NBS president as chief economist

KPMG Nigeria has appointed a former Nigerian Statistician-General, Dr Oyeyemi Kale, as its chief economist. IKPMG Nigeria disclosed the appointment in a statement, stating that the partners and staff of the firm were pleased to welcome Kale, the former statistician-general of the federation between 2011 to 2021. According to the statement, the new chief economist would lead the firm’s view on…
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Travel & Tourism

Virgin Atlantic joins the SkyTeam alliance

Virgin Atlantic has joined SkyTeam Alliance, becoming the first and only UK member airline of the alliance. Virgin Atlantic is a founding partner of a Joint Venture with SkyTeam members, Delta Air Lines and Air France-KLM Virgin Atlantic formally joined SkyTeam, the global…
Travel & Tourism

Shortage of dollars: banks cut travel and tuition fees for foreigners

Deposit Money Banks have slashed the amount of Personal Travel Allowance and schools fees their customers can apply for amid a worsening foreign exchange crisis. Shortage of FX in the country has forced lenders to take drastic measures to meet their dollar obligations in recent times. In an emailed letter to customers, some DMBs on Tuesday slashed the amount of PTA their customers can apply for…
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Brands & People

Dangote Sugar appoints new head director

The board of Dangote Sugar refinery plc has appointed Yabawa Lawan Wabi, as an Independent Non-Executive Director. According to a corporate notice signed by the Company Secretary, Temitope Hassan, the appointment was approved by the board at its meeting held on February…
Travel & Tourism

Nigerians to pay N1,000 NIN fee for passports

Nigerians applying for passports will be charged N1000 in Nigeria for the verification of their National Identification Number. The National Identity Management Commission disclosed this in a statement signed by its Head, Corporate Communications, Kayode Adegoke, on Monday. According to the commission, the fee is to improve the quality of service, accuracy, and speed of passport services through…
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