July 19, 2023

Nigerian superstar athlete Tobi Amusan has voiced her disappointment over the charge levelled against her by the Athletics Integrity Unit (AIU), insisting that she is a clean athlete. Amusan got punished by the AIU on Wednesday after the agency claimed that she deliberately missed testing for doping several times this year, a mandatory requirement for …

I am a clean athlete, says Tobi Amusan, vows to challenge AIU charge Read More »

The Business Innovation Accelerator (BIA) in its goal to help young entrepreneurs sharpen their managerial, and leadership skills, among others has begun a training programme geared towards creating entrepreneurial know-how for profitable and sustainable business management. The Lagos Business School (LBS) in collaboration with the Bank of Industry (BOI) established the Business Innovation Accelerator with …

How Business Innovation Accelerator drives entrepreneurship, leadership skill Read More »

Commuters and transporters in Anambra State are lamenting the harsh economic conditions as the price of Premium Motor Spirit (PMS) has risen from between ₦630 to ₦640 per litre in the state. Our Correspondent who monitored the situation in Awka and Onitsha, the commercial hub of the state and environs on Wednesday reported that independent …

Anambra transporters, commuters groan as PMS sells for ₦640 per litre Read More »

DLM Capital Group has noted the maturity and successful redemption of its N1.70billion Series 9 268-Day and N1.10billion Series 10 180-Day Commercial Paper Issues, which matured on July 17 and July 14, respectively. This brings the total redemptions under the N20billion Commercial Paper issuance programme to over N8.95billion since inception. Sonnie Ayere, group CEO, DLM …

DLM Capital Group further redeems its Commercial Papers Read More »

The National Bureau of Statistics (NBS) has revealed an 11.6 percent year-on-year rise in the average bus fare in Nigeria during May, according to the NBS Transport Fare Watch Report for May 2023. The report stated that the average fare paid by commuters for bus journeys within the city per drop experienced a slight 0.23 …

Average bus fare rises 11.6% in May – NBS Read More »

A weary Nigerian population that has over the past two years endured the economic siege brought by the global supply chain snarls is facing an even harsher reality of surging prices. The recent surge in petrol pump prices across the country is further straining the finances of millions of people whose incomes have already been …

Households in pains as petrol prices jump Read More »

The Coalition of United Political Parties ( CUPP) has called for the sacking of the Nigerian National Petroleum Company Limited (NNPCL) Group Managing Director, GMD, Mele Kyari, while his office should be investigated. The group has come down heavily on the federal government, saying that the new hike in petrol price was unbearable and had …

Fuel price hike: CUPP calls for removal of Kyari Read More »

The National Broadcasting Commission (NBC) during a press briefing in Lagos today about the upcoming AFRICAST conference said it will soon review the Nigeria Broadcasting Code and may consider an upward review of television and radio stations license fees after consulting stakeholders in the industry. However, the commission disclosed that the review and increase of …

NBC to review broadcast code, increase license fee Read More »

Nigeria’s stock market on Wednesday recorded its first decline this week (though slightly by 0.01 percent or N5 billion) as activity level on the local Bourse returned to where it was before the share buy-back Dangote Cement commenced on July 17. No thanks to Geregu, Prestige Assurance, FTN Cocoa, Linkage Assurance and Jaiz Bank that …

Equities market dips as activity reverts to pre-buyback level Read More »

MyCover.ai, the insurtech startup building Africa’s digital insurance infrastructure has officially secured a $1.25 million pre-seed funding round to bolster its in-house operations and tech talent, invest heavily in its proprietary technology and strategically expand its operations into other African markets. The round led by Ventures Platform, includes participation from Founders Factory Africa and TechStars, …

MyCover.ai secures $1.25m pre-seed to expand digital insurance Read More »