MoMo Payment Service Bank (MoMo PSB) and Saana Capital LLC (“Brij”), a Central Bank of Nigeria (CBN) licensed International Money Transfer Operator (IMTO), are pleased to announce their strategic partnership to facilitate seamless inbound and outbound transfers across Africa, as well as convenient bill payment services. The collaboration between MoMo […]
BUSINESS
In a surprising turn of events, African airlines have managed to overcome challenging odds, experiencing an impressive surge of 34.7% in their operations. This substantial growth comes as a beacon of hope for the continent’s aviation industry, which has often faced various hurdles in the past. The remarkable upturn in […]
On Sunday, it was communicated by oil marketers that the potential escalation of Premium Motor Spirit (petrol) cost could occur, reaching an estimated range of N680/litre to N720/litre in the upcoming weeks if the exchange rate of the dollar remains within the bounds of N910 to N950 on the parallel […]
Nigeria’s automotive industry will going forward witness a disruption in the selling of cars as Jiji-Cars45 and GAC Motor Nigeria are partnering to provide affordable car loans to Nigerians. Speaking during the GAC Motor Nigeria and Cars45 test drive unlimited in Lagos recently, PR and Marketing Head of Jiji Nigeria, […]
The Lagos Chamber of Commerce and Industry (LCCI) is collaborating with the Ministry of Foreign Affairs and Ministry of Industry, Trade and Investment to host about 80 countries from around the world at the 2023 LCCI International Business Conference & Expo tagged, “Invest Nigeria” The event is scheduled to hold […]
An online streaming platform, Spotify, has revealed that Nigerian artistes made over N11 billion from the streaming platform in 2022. Managing Director of the online platform for sub-Saharan Africa, Jocelyne Muhutu-Remy, disclosed this in Lagos recently. According to her, artistes deserve clarity about the economics of music streaming. “In 2022, […]
Capital Express Assurance Limited has said that its profit for the 2022 financial year increased by 61 per cent to N145.8 million from N90.7 million recorded in 2021. Chairman of the company, Mr. Ademola Adenuga, disclosed this to shareholders at the company’s 22nd Annual General Meeting (AGM) in Lagos. Adenuga […]
Moove, an African automobile financing startup, has said it has successfully secured $76m financing which will boost Nigeria’s mobility and logistics sector. It said it got a total of $334m in funding across 14 rounds. Its most recent funding, obtained through a private equity round, was secured on Wednesday. The […]
Globacom Nigeria has introduced a lotto service for the delight of its customers who wish to win large lottery prizes. Tagged Glo Green Lotto, the service makes it easy for Glo subscribers to buy their favourite lottery tickets through the use of their Glo lines and pay from their airtime. […]
In the first quarter of 2023 (Q1’23), despite assurances from the federal government, the growth in the installation of prepaid meters remained sluggish. The number of prepaid meters installed increased by 3.95% quarter-on-quarter (QoQ), reaching a total of 171,107 units. This modest rise came in comparison to the 164,612 meters […]