The long-awaited Konga Yakata—Nigeria’s biggest annual sales event—is set to begin this Friday, November 1, 2024, and will run through the entire month of November, ending on Saturday, November 30. As excitement builds among shoppers, this year’s edition promises to deliver even more incredible savings, with up to 90per cent discounts on a wide array…
The Federal Government said its continued investment in women-led businesses and support for youths’ entrepreneurial skills aligned with the World Bank’s initiative. Minister of Finance and Coordinating Minister for the Economy, Wale Edun, who spoke during a panel discussion at the ongoing World Bank/International Monetary Fund (IMF) Annual Meetings in Washington DC, said the government…
The Court of Appeal, Lagos Division, has reserved judgment to a later date in an appeal filed by MTN Group against the judgment of the National Industrial Court of Nigeria (NICN) in favour of a former expatriate staff of the MTN Group, M. Paul Odunewu. In the September 27, 2017 judgment, the NICN had ordered…
Nigeria’s apex bank has advised Nigerians in diaspora to channel their remittances home towards investment rather than consumption. Deputy Governor (Financial System Stability) at the Central Bank of Nigeria (CBN), Mr. Philip Ikeazor, gave the advice during a forum that focused on: “Optimizing Remittances to Nigeria: A Vision for the Future,” held with the Nigerian…
Nigeria’s House of Representatives is set to probe the abandonment of construction work at the Baro port in Niger State. It also urged the government to deploy technology-driven surveillance systems, such as drones and CCTV cameras, to monitor electricity transmission lines. This followed adoption of two separate motions sponsored by Kayode Ismail and Sani Umar…
THE Central Bank of Nigeria (CBN) has dismissed as baseless, reports that the old N200, N500, and N1,000 banknotes will cease to be legal tender on December 31, 2024. The apex bank, in a statement endorsed by the Acting Director of Corporate Communications, Mrs. Sidi Ali, dismissed the suggestion, describing it as false and intended…
Nigeria’s Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, said the World Bank has provided a significant boost to Nigeria’s efforts to deploy 90,000 km of fibre across the country. The minister confirmed this in a post to his X account. While the specifics of the support—whether financial or otherwise—were not released, Tijani previously…
Traction Apps, a fintech startup, will lay off some employees following its recent acquisition by OmniRetail, the startup confirmed in a statement, noting that the decision was partially motivated by the acquisition. “Following the acquisition of Traction Apps, as with all mergers and integrations, we are optimising certain departments to align with our broader vision….
