First Edition of the Tastemakers Wine Series Hosted by Vendease

Brands & People

Leadway launches insurance cover for 300,000 FG workers

Leadway Assurance has signed a Memorandum of Understanding with the Federal Civil Service Staff of Nigeria Cooperative Society Union to provide over 300,000 civil servants with affordable bespoke insurance coverage. The insurer disclosed in a statement that the MoU between it and one of Africa’s largest umbrella bodies of the cooperative societies covers Ministries, Departments, and Agencies in…
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Banking

Currency in circulation devalues to N3.24tn

Currency in circulation fell by N107.08bn from N3.35tn in April to N3.24tn in July, latest figures on currency from the Central Bank of Nigeria has revealed. According to the CBN, the CIC which stood at N3.33tn in May fell to N3.25tn in June. The CBN recently warned Deposit…
Uncategorized

Chelsea sack Coach Thomas Tuchel

Chelsea have sacked Manager Thomas Tuchel after a shock loss to Dynamo Zagreb on Tuesday in the opening Champion League group game. A statement by the coach on its website on Wednesday morning reads: “On behalf of everyone at Chelsea FC, the Club would like to place on record its gratitude to Thomas and his staff for all their efforts during their time with the Club. Thomas will rightly…
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Markets

Nigeria’s Pension Fund assets hit N14.36tr in July’

Nigeria’s Pension fund assets rose to N14.36 trillion in July, this year, from N14.267 trillion the previous month. This represent N100 billion or 0.7 percentage growth in one month. This was made by in the National Pension Commission (PenCom) Pension Funds Industry…
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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