First Edition of the Tastemakers Wine Series Hosted by Vendease

BlockchainBrands & People

$4m funding: Nigerian IT firms top Google’s 60 shortlist

Twenty-three startups out of the 60 shortlisted in Africa for $4 million funding by  Google are Nigerian firms. The ”equity-free cash” comes under the tech giant’s funding scheme called Google Black Founders Fund (BFF) for startup tech firms in African nations. Google’s Head of Startup Ecosystem, Sub-Sahara Africa, Folarin Aiyegbusi, who made this known in a statement yesterday, did not…
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Banking

Banks lend N3.38tn to firms at single-digit rate

Customers accessed loans worth N3.38tn at single-digit interest rates under the Central Bank of Nigeria’s intervention funds as of the end of June. A member of the Monetary Policy Committee meeting, Aliyu Sanusi, disclosed this in his personal statement at the last MPC…
Agriculture

FG issues certificates, sales permit to fertiliser dealers

The Federal Government, on Thursday, presented certificates of registration and sales permit to authorised fertiliser dealers in Nigeria. It stated that based on the registration and permits, non-licensed operators were not allowed to produce, blend, import, market or distribute fertilisers across the country. The Permanent Secretary, Federal Ministry of Agriculture and Rural Development, Ernest…
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Markets

OPEC daily basket price increases to $101.04 per barrel

The price of the Organization of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at 101.04 dollars per barrel as of Wednesday. This is compared with 106.41 dollars per barrel recorded on Tuesday, according to OPEC Secretariat calculations…
Aviation

Emirates restores flights to Lagos

Emirate airline has announced the reinstatement of its flight operations to Lagos, starting September 11. The airline said this in an email to customers yesterday. The development comes almost a week after the federal government released the sum of $265 million to foreign airlines in the country to settle outstanding ticket sales. We are pleased to inform you that effective from 11th September…
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Market

NIBSS record N8tn on POS transactions

The value of Point of Sale transactions in Nigeria has jumped 39 per cent to N8.03tn in 2022, according to data obtained from the Nigeria Interbank Settlement System. The data showed that the aggregate PoS transactions between July 2020 and July 2021 were estimated at…
Brands & PeopleFintech

Wellahealth gets global recognition

Health-tech organisation, Wellahealth has been named among the 100 most impactful companies by the Norrsken Foundation. The firm, according to a statement, was one of the two Nigerian companies that made the list, which included foremost startups from across the globe. On the significance of the list, Norrsken stated, “The Impact100 is an annual list of the world’s most promising impact…
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