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Business
Gokada Announces Nikhil Goel As New CEO Months After Brutal Killing Of Fahim Saleh
Nigerian-based logistics and transportation startup, Gokada has announced Nikhil Goel as its new Chief Executive Officer eight months after the gruesome killing of its founder/CEO, Fahim Saleh.
Fahim was brutally murdered in his $2.25…
CBN Introduces New Charges For USSD Transactions
Central Bank of Nigeria has on Tuesday introduced new charges for customers using Unstructured Supplementary Service Data (USSD) services.
The apex bank said effective today, customers will pay a flat fee of N6.98 per transaction every…
Flutterwave And PayPal Partner To Allow African Merchants Accept, Make Payments
Flutterwave, Africa’s leading payments technology company, has on Tuesday announced a new collaboration with global payment leader, PayPal to enable customers of the latter globally to pay African merchants in the continent through…
Northern Traders Agree To Resume Supply Of Food From North To South
Leadership of cattle and foodstuff dealers under the aegis of Amalgamated Union of Foodstuff and Cattle Dealers of Nigeria (AUFCDN) has agreed to resume supplying food supplies from northern part of the country to the southern region, six…
Northern Traders Insist On Blocking Food From Being Transported To The South
Northern traders under the aegis of Amalgamated Union of Foodstuff and Cattle Dealers of Nigeria (AUFCDN) have vowed to continue to prevent food from being transported to the Southern part of the country, despite being at risk of losing…
Breaking: Jeff Bezos To Step Down As CEO Of Amazon
Amazon has announced on Tuesday that its Chief Executive Officer, Jeff Bezos will be stepping down from the position and will be replaced by Amazon Web Services (AWS) CEO, Andy Jassy during the third quarter of this year.
In a letter to…
Dangote Loses $900m In 24 Hours, Crashes To 114th Richest Person Globally
Aliko Dangote, President/Chief Executive, Dangote Industries Limited, reportedly lost a total of $900 million within 24 hours, after his company emerged the biggest loser at the end of trading on Nigerian Stock Exchange on Friday, January…
Shareholders Approve GTBank’s Planned HoldCo Structure
Shareholders of GTBank Plc have approved the holding company structure for the bank, as they expressed excitement over the benefits they would derive from the new structure.
At the Court ordered meeting held on Friday, the investors…
Nigeria’s Inflation Hits 14.23 Percent As Food Prices Increases
National Bureau of Statistics has on Monday November 16, released a data revealing that Nigeria’s inflation rate has risen to 14.23 percent, 0.52 percent higher than the 13.71 percent recorded in September.
According to the latest…
COVID-19: Pop Central Launches Ad Grant To Support SMEs In Nigeria
Pop Central, fastest-growing media platform in Nigeria focused on a young audience demographic has launched the SME Ad Grant, an initiative that will avail small businesses the opportunity of free exposure on live television.
The media…
FG Exempts Dangote From Land Border Closure – Report
Federal Government has reportedly permitted Dangote Cement to resume exports across Nigerian land borders after months of land border closure.
Over a year ago, Federal Government closed borders with neighboring countries including Benin…
Chevron To Sack 25 Per Cent Of Staff
Chevron Nigeria Limited has said it will cut down its workforce by 25 per cent as it is reviewing its manpower requirements in the light of the ‘changing business environment’.
CNL disclosed this on Friday in a statement entitled…
We Are Not Leaving A $30b Investment – ShopRite Debunks Plan To Exit Nigeria
Africa’s biggest grocery retailer, Shoprite has debunked circulating reports that it has commenced formal process to exit Nigerian market.
Speaking to Vanguard in a telephone conversation, the Country Director for Chastex Consult, Ini…
ShopRite To Exit Nigeria After 15 Years
Africa's biggest grocery retailer, Shoprite has announced plans to exit Nigeria, the continent’s biggest market, after 15 years of opening its first store in the country.
According to a statement by the Cape Town-based retailer, it…
OPay Shuts Down ORide, OCar, OExpress
Chinese-owned African fintech startup, Opay has announced that it would be shutting down some of its business units temporarily to focus only on its financial technology arm.
The units affected include Oride, bike-hailing platform; …