Palm oil producers in Nigeria have been posting record revenues and profits in the past 5 years.largely on account of import restrictions that more or less guaranteed their position as suppliers of last resort to diverse commercial and individual users, As reported by BusinessDay, showing Nigeria importing less palm oil as local producers report expansions, there are also opportunities in the…
-Pepsi took inspiration for its name from the digestive enzyme pepsin.
-McDonald’s originally sold hot dogs, not burgers.
-Over 8,000 glasses of Coca-Cola are consumed every second.
– A perfect pint of Guinness should take 119.5 seconds while pouring at 45…
Tuesday, 17th May 2022: The exchange rate between the naira and the US dollar closed at N418.5/$1 at the official Investors and Exporters (I&E) window, appreciating by 0.71% from N421.5/$1 recorded the previous day.
Naira gained against the US dollar on Tuesday…
Kwaba, a Nigerian fintech firm that helps low and middle-income earners divide their annual rent into manageable monthly instalments, has received pre-seed capital to help it expand across Nigeria and Africa.
Kwaba, which was founded by Obinna Molokwu in January 2020 and is aimed at Nigerians wishing to pay rent in a modern method that represents their financial reality, is a digital platform that…
Olubusayo Adeniyi, the Chief Executive Officer of Cedrus Group Africa, has stated that the company is bridging the infrastructural gap in order to increase investment in Nigeria and in Africa as a whole.
He addressed journalists during a press conference organized in Lagos…
Multigate.io, a Nigerian financial technology firm formed in 2017, leads the future of FinTech and cross-border payments from the continent by providing immediate cross-border funds transfer and enhanced treasury and cash management to businesses and individuals within and…
Popular video games publisher Electronic Arts says it is going to stop making Fifa branded football titles.
It is one of the most profitable brands in gaming history, but the cost of the licence was one reason why the decision was made to ditch the partnership.
EA will continue to make football video games, but from 2023 they will come under a new banner, EA Sports FC.
Reacting, Fifa says it plans…
Apple has lost its position as the world’s most valuable company amid a broad sell-off of technology stocks.
Saudi Arabian oil and gas producer Aramco has reclaimed the top spot from the iPhone maker for the first time in almost two years.
Investors have been selling…
Zinox Technologies is reportedly set to acquire foremost e-commerce company,Jumia.
The billionaire Leo Stan Ekeh led company is set to make the move as Junmia’s shares price continues to dip.
According to ENigeria Newspaper, the shares price of Jumia, Africa’s e-commerce…
Google on Wednesday and Thursday held its annual developer conference where it revealed an expanded line of new products and services.
At its first in-person developer conference in 3 years, the tech giant announced 3 new smartphones and its first in-house smartwatch as well as plans to release a new tablet next year. Google also announced updates to several of its most popular tools including…