First Edition of the Tastemakers Wine Series Hosted by Vendease

Automobile

CFAO unveils auto parts office

Automotive maintenance spare parts and accessories distributor, Winpart/AutoFast by CFAO, has announced the opening of its flagship office in Nigeria. The firm said in a statement that the new Winpart/AutoFast office in Victoria Island, Lagos, marked a significant milestone for the company as it expanded its presence in Nigerian market. Speaking on the launch of the flagship office, the General…
Read more
Fintech

PalmPay users hit 25 million

Fintech platform, PalmPay, says it has reached a milestone of 25 million users on its smartphone app. It said it reached an extensive network of 500,000 mobile money agents and 300,000 merchants in its payment ecosystem. A statement by the firm said the rapid growth within…
Economy

Why CBN unified exchange rates –Tinubu

President Bola Tinubu Thursday in Lagos said he could have chosen to maintain the multiple foreign exchange systems he met upon assuming office and benefit from it, but instead opted to unify the official and parallel market rates to save the country from financial…
Technology

Attend subscribers in 30 minutes, NCC orders Telcos

The Nigerian Communications Commission is set to mandate telecommunication firms to attend to their customers within 30 minutes of arriving at any customer care center in the country. This is based on a new document titled, ‘Draft Quality of Service Business Rules,’ on the commission’s website. According to it, the business rules stipulate the minimum quality and standards of service…
Read more
Brands & People

Appertito wins innovation award

Grand Oak Limited says its premium bitter apéritif, Apperrito has won an award for Africa’s Most Innovative Premium Bitter Appetizer Beverage at the African Brand Innovators Summit 2023. According to a statement, the event which took place in Lagos recently brought…
Economy

Subsidy Removal: FG saves N400 billion in four weeks

The Federal Government has so far saved about N400bn as a result of the removal of subsidy on Premium Motor Spirit, popularly called petrol, since May 31, 2023, when the initiative was officially implemented, oil marketers stated on Thursday. Also, the oil dealers stated…
Education

Sanwo-Olu Rewards Aminat Yusuf With ₦10M

Lagos State governor, Babajide Sanwo-Olu, has rewarded the Lagos State University (LASU) record-breaking graduating Law student, Aminat Yusuf with a sum of N10 million. Sanwo-Olu rewarded Yusuf who obtained a CGPA of 5.0 with the money on Thursday at the 26th convocation ceremony of the institution at the Ojo-Iyana Iba area of Lagos State. The governor announced a personal donation of N5 million…
Read more
Market

Binance CEO declares ‘Binance Nigeria Limited scam entity’

The Chief Executive Officer of Binance, Changpeng Zhao, has declared Nigeris’s subsidiary of the global cryptocurrency exchange platform as a scam. Zhao made this known via his Twitter handle on Sunday, saying, “Binance Nigeria Limited a scam entity.” “Binance…
EconomyMarket

International Monetary Fund to support Nigeria as the Naira is estimated at N663/$

The naira traded at 663.04/dollar at the close of business on Friday after a free fall following the Central Bank of Nigeria’s floating of the national currency against the dollar and other global currencies. This means that the currency appreciated by about 5.9 per cent within 24 hours from the N702.19/dollar recorded at the close of business on Thursday. According to data from the FMDQ…
Read more