First Edition of the Tastemakers Wine Series Hosted by Vendease

Market

Dangote wants improved free trade in Africa

A statement said Dangote who was  represented by the Group Executive Director/Group Chief Risk Officer, Dangote Industries Limited, Dr. Adenike Fajemirokun, said this while speaking in Lagos at the launch of a special publication ‘The world ahead 2023’ by The Economist magazine’. He also expressed his commitment to solving some of the economic challenges faced by the African continent and…
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Banking

CBN supplies more new notes to banks

With rising concerns around the seeming disappearance of newly redesigned notes, the Central Bank of Nigeria has said it is supplying more quantities of the new notes to banks. This was according to a statement by the CBN’s Acting Director, Corporate Communications, Dr Isa…
Transportation

Sanwo-Olu Unveils Electric Buses In Lagos (Photos)

I am excited to announce the first set of electric buses in the Lagos Mass Transit Master Plan as part of our increased effort to modernise every sector of Lagos. Thanks to our partnership with @Oando_PLC, Lagosians can expect a cleaner and greener public transportation…
Technology

UNDP and WIPO present strong IP system

The World Intellectual Property Organisation and United Nations Development Programme in collaboration with the Nest Innovation Hub, have stated that a robust Intellectual Property system will boost creativity, innovation and sustainable development. The agencies stated this at a forum, themed ‘Intellectual Property and Development: Creative Ecosystem Conversation,’ which was held recently in…
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Technology

FG is exempt from 5% communication tax

The Federal Government is reportedly set to proceed with its implementation of a five per cent excise duty tax on mobile telephone services, fixed telephone, and Internet services. This is despite a recent communication by the Minister of Communications and Digital Economy…
Real Estate

Developers advise governments on building codes.

Developers in the real estate sector have accused the government of prioritising revenue generation over the implementation of policies. The Chief Executive Officer of Darryl Homes Nigeria Limited, Omotayo Odumade, said the government had turned the real estate industry into revenue-generating sector without implementing appropriate policies that would engender the sector’s development. He said…
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Business Explorer

Femi Otedola Sells His Shares In Transcorp

Serial investor and billionaire, Femi Otedola has exited his stake in Transcorp Plc, Nairametrics can confirm. Otedola had acquired a 6% stake in Transcorp over a series of carefully orchestrated purchases going almost unnoticed until the acquisition was announced.
Energy

FG suspends fuel subsidy removal

The National Economic Council, on Thursday, in Abuja, said it has agreed that petrol subsidy should “not be removed” as earlier planned for June 2023. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed this to State House correspondents…
Brands & People

Unilever appoints new MD

Fast-moving consumer goods manufacturer, Unilever Nigeria PLC, has announced the appointment of a new Managing Director, Tim Kleinebenne. This followed the resignation of Carl Raymond Cruz, with effect from May 4, 2023. The appointment of Kleinebenne was announced on Tuesday in a corporate notice signed by its Company Secretary, Afolasade Olowe. Kleinebenne graduated with a Business Economics…
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