First Edition of the Tastemakers Wine Series Hosted by Vendease

Economy

Foundation vow to support youth entrepreneurs

The Culture Festival, a global event series organised by the Art of Living Foundation, has  pledged to inspire and support youth entrepreneurs to continually support economic growth through entrepreneurship. The foundation confirmed the commitment ahead of its forum holding in Lagos   from August 19  to 21. The event, with the theme: Vibrant Africa: The Rising Rhythm, the Festival aims to…
Read more
Economy

Non-payment of dollars by NNPC behind Naira crisis-CBN

Non-remittance of dollars to foreign reserves by the Nigeria National Petroleum Corporation (NNPC) is responsible for naira’s free fall in the official and parallel markets, the Central Bank of Nigeria (CBN) has said. As at the close of work yesterday, the naira traded for…
Markets

How to Join the Jumia Affiliate Program

umia is the leading e-commerce platform in Africa with its marketplace supported by its proprietary logistics business, Jumia Logistics, and its digital payment and fintech platform, JumiaPay. Jumia Logistics enables the seamless delivery of millions of packages while JumiaPay facilitates online payments and the distribution of a broad range of digital and financial services. Jumia provides an…
Read more
Startups

Nigeria Startup Bill Passed The Third Reading In House of Representatives

The Nigeria Startup Bill passed the third reading in the House of Representatives on Wednesday, July 27, 2022. This means the bill is getting closer to becoming law. Remember that the Senate approved the Nigeria Startup Bill on July 21, 2022. That move came just a few months after some troubling regulations, including a ban on motorcycle hailing platforms in Lagos and another on cryptocurrency…
Read more
Markets

Nigeria’s foreign, domestic debts unsustainable- NACCIMA

Nigeria’s total foreign debt as at March, this year stood at $40 billion, increasing from $38.4 billion last December; domestic debt also rose from N23.7 trillion to N25 trillion within the same period. Such levels of debt, the Nigerian Association of Chambers of Commerce…
Markets

Naira devalue from #700 to $1

The  naira has weakened to new low of N700/$1 at the parallel market as dollar demand pressure from retail end users persists. The naira closed last week at N630/$1 and has stayed within the N620/$1 band for weeks before the current low. Findings showed that although many black market dealers are asking for between N700 and N710/$1, actual transactions have stayed within N700/$1 band. But Abudul…
Read more