OTHER BUSINESSES

  Rite Foods Limited, a prominent player in Nigeria's fast-moving consumer goods (FMCG) industry, is thrilled to announce its resounding success at the 2nd edition of the BrandXchange Consumers Value Awards, an event dedicated to celebrating brand excellence. The awards include the following categories: Best Value for Money - Carbonated...

  Data from the National Bureau of Statistics (NBS) has shown that Electricity Distribution Companies (DisCos) in Nigeria generated N263 billion revenue in the second quarter of 2023, The bureau revealed this in its Nigeria electricity report detailing energy billed, revenue generated and customers by DisCos (Q2 2023) published on...

  says broadband penetration to hit 50% by year-end   The telecommunications sector’s contribution to the nation’s Gross Domestic Product (GDP) has increased significantly to 16 per cent in the second quarter of 2023, according to the data reported by the Nigerian Communications Commission (NCC) based on the computation by...

The nation’s electricity regulator, the Nigerian Electricity Regulatory Commission (NERC), has approved an upward increase in the cost of acquiring prepaid electric meter in the country. A single-phase prepaid meter will now cost N81,975.16, up from the previous N58,661.69, while the cost of a three-phase prepaid meter has been raised...

  The Acting Governor, Central Bank of Nigeria (CBN) has said that the bank was making plans to clear the foreign exchange (FX) backlogs in the next one or two weeks. Shonubi, who disclosed this at a conference in Lagos on Monday, said the process will be facilitated with the...

  Nigeria is set to play host to 54 African nations and other continental Internet governance stakeholder blocs at the 2023 Africa Internet Governance Forum (AfIGF 2023) in Abuja from 18th to 21 September, 2023. This year’s event, being the 12th edition of the annual forum, is being hosted by...

A new data released by the National Bureau of Statistics (NBS) showed that Nigeria generated N1.49 trillion as the aggregate revenue from Value-Added Tax (VAT) in the first half of 2023. The NBS on Monday stated that on the aggregate, VAT for the second quarter of 2023 was reported at...

  The University of Ibadan has appointed and decorated the governor of Oyo State, 'Seyi Makinde, as Ambassador Extraordinaire of the University ahead of its 75th anniversary. Vice-Chancellor of the University, Professor Kayode Adebowale, who led the management of the university and members of the anniversary committee to the Courtesy...

The International Association of Deposit Insurers, African Regional Committee (IADI-ARC) has appointed the Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan its Vice Chairperson. According to a press statement by Mr. Bashir Alhassan Nuhu, Director, and Communication & Public Affairs of the Corporation made available...

  Dr. Ifekandu Bennett Omalu is a native of Urunnebo Village, Enugwu Ukwu in Njikoka Local Government Area of Anambra State. Born on September 1st, 1968. He attended both primary and secondary schools in Nigeria. And for his tertiary education he proceeded to the University of Nigeria Nsukka, where he...