Decline in PoS transactions persists, fall by 0.8% 

Decline in PoS transactions persists, fall by 0.8% 

By Elizabeth Adegbesan For the second consecutive month, the value of Point of Sale (PoS) transactions fell by 0.8 percent, month-on-month (MoM) to N503.96 billion in May from N507.9 billion in April. However, the volume of PoS transactions increased by two percent, MoM, to 79 million from 77.6 million in April. Nigeria Interbank Settlement System (NIBSS) […]
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Lagos pays N4.2bn pension arrears in 2 years

Lagos pays N4.2bn pension arrears in 2 years

The Lagos State Government has paid over N4.2 billion to its pensioners, under the Defined Benefits Scheme, DBS, otherwise known as Pay As You Go, from May 2019 to March 2021

ASUU directs UniJos lecturers to boycott postgraduate activities

ASUU directs UniJos lecturers to boycott postgraduate activities

Academic Staff Union of Universities (ASUU), University of Jos chapter, says that its members will henceforth boycott all postgraduate (PG) activities in the institution. Chairman of ASUU in the university, Associate Prof. Lazarus Maigoro, stated this in a notice of withdrawal issued on Wednesday in Jos. He said that the decision was premised on the […]

FG to sensitize workers on life insurance benefits

FG to sensitize workers on life insurance benefits

By Dirisu Yakubu, Abuja The federal government is set to begin an awareness programme on group life insurance policy for all categories of civil servants whose salaries are treasury funded. This is part of measures instituted by the Head of the Civil Service of the Federation, Dr. Folasade Yemi-Esan, to enlighten Nigerian workers on their […]

Nigeria-based suppliers risking almost USD35bn in exports – Study

Nigeria-based suppliers risking almost USD35bn in exports – Study

A new study by Standard Chartered reveals that multinational companies will cut suppliers for failing to curb carbon emissions, with 78 per cent of multinationals (MNCs) planning to remove suppliers that endanger their carbon transition plan by 2025. For Nigerian suppliers who fail to transition alongside their MNC partners, this could mean a loss in […]

Visa research reveals SA, Nigeria, Kenya are top drivers of eCommerce volumes in SSA

Visa research reveals SA, Nigeria, Kenya are top drivers of eCommerce volumes in SSA

A recent Visa report has shown that the top market contributors to eCommerce in Sub-Saharan Africa (SSA) over the last 3 years were South Africa, Nigeria and Kenya, with Ghana also showing growth, having replaced Kenya in the top three contributors in 2020. SSA may be one of the smallest regions of ecommerce globally, but […]

Ogilvy Africa Nigeria strengthens senior leadership team

Ogilvy Africa Nigeria strengthens senior leadership team

The appointments signify agency’s commitment  to championing the transformation of the marketing communications landscape in Nigeria The First Primus Group (consisting of Nigeria operations of Ogilvy Africa, amongst other subsidiaries) has today announced senior level appointments to bolster its country’s leadership team and the business. The three new appointees, announced by the Group CEO of […]

How side hustles can save you from lot of risks, by Jonathan Kvicky

How side hustles can save you from lot of risks, by Jonathan Kvicky

People nowadays truly do understand the requirement for having an extra source of income, especially in this economy when situations are becoming so unstable that one might lose their jobs without even realising. Adopting a similar lifestyle is Jonathan Kvicky, an individual from Los Angeles, California, who started his business venture when he was only […]

Survey on biography of popular, successful Iranian photographer, Bahare Salehnia

Survey on biography of popular, successful Iranian photographer, Bahare Salehnia

To take a beautiful shot, you always have to check conditions and then intend to capture. For instance, in a situation, say a spectacular scenery that sometimes makes it very difficult and complicated to take a photo. But nothing could defeat photographers who are madly interested in this work. Today, I am going to talk […]

Buhari receives 1st Made in Nigeria cell phone

Buhari receives 1st Made in Nigeria cell phone

President Muhammadu Buhari on Wednesday received the first made in Nigeria cell phone, known as ITF Mobile. The News Agency of Nigeria (NAN) reports that the Minister of Industry, trade and Investment, Adeniyi Adebayo, presented the phone to the president, before the commencement of Wednesday’s Federal Executive Council meeting in Abuja. According to Adebayo, the […]

Why Sonaira Business World is called jack of most trades, by CEO Ovuehor

Why Sonaira Business World is called jack of most trades, by CEO Ovuehor

CEO of Sonaira Business World, Sonia Omon-Obehi Ovuehor, has said that the conglomerate was called jack off most trade because it has its tentacles fully dipped in various sectors of the economy. Ovuehor,, a self-made entrepreneur, who hails from Imo State and a postgraduate student of Igbinedion University, Okada, Edo State, floated Sonaira Business World […]

Pensioner petitions PTAD over 26 years unpaid pension

Pensioner petitions PTAD over 26 years unpaid pension

An aggrieved retiree of the de-funct Power Holding Company of Nigeria, PHCN, Princewill Ekwujuru, has petitioned the Pension Transitional Arrangement Directorate, PTAD, over unpaid pensions as well as 26 years of underpayment of his benefits

FBNQuest reiterates its commitment to help investors look beyond today

FBNQuest reiterates its commitment to help investors look beyond today

…Offers advice on identifying market opportunities FBNQuest Asset Management, a subsidiary of FBNQuest Merchant Bank and part of FBNHoldings Plc, is offering investors expert guidance on investing opportunities. The firm seeks to reorient investors from the short-term outlook and instant gratification approach by encouraging them to focus on the rewards of thinking beyond today and […]

Hero MotoCorp, kewalram launch upgraded Hunter Motorcycle in Abuja

Hero MotoCorp, kewalram launch upgraded Hunter Motorcycle in Abuja

MotoCorp, one of the world’s largest manufacturer of motorcycles and scooters and Kewalram Group have  launched the new Hunter motorcycle developed especially for the Nigerian market in Abuja. The launch in Abuja closely follows the launch in Ibadan last week. Hero MotoCorp – along with Kewalram Chanrai Group the exclusive distributor of Hero MotoCorp in Nigeria – is […]