Digital solutions provider Globacom has launched a new customer-focused service, Glo Flex Win, allowing subscribers to have fun and win cash by showcasing their intelligence. In a statement from Lagos, Globacom announced, “Subscribers will be presented with trivia questions covering a wide range of topics from general knowledge to pop culture and beyond. With each…
First City Monument Bank (FCMB) has launched a new initiative to tackle gender inequality in Nigeria’s business sector by offering zero-interest loans to female entrepreneurs. The SheVentures programme, as it is called, provides interest-free loans of up to N10 million and tailored support specifically for women in the export and agricultural sectors. According to a…
Accra, Ghana – The National Communications Authority (NCA) has responded to public concerns about the high cost of internet data and the recent designation of MTN as a Significant Market Power (SMP). The NCA clarified that the SMP classification aims to foster fair competition rather than penalize MTN. The NCA stressed that its primary objective…
By Ayomide Otitoju Lagos, Nigeria – FirstBank, a leading financial institution in West Africa, has announced the continuation of its VISA Cross Border and Summer campaign in collaboration with VISA. Running from April 1, 2024, to August 31, 2024, this campaign is designed to reward existing VISA Gold and VISA Infinite cardholders, as well as…
Abuja, Nigeria – The National Bureau of Statistics (NBS) has reported a significant rise in food prices, coinciding with an increase in the country’s headline inflation rate. According to the Bureau, headline inflation for June 2024 rose to 34.19%, up from 33.95% in May 2024. The NBS’s “Selected Food Prices Watch” report for June 2024,…
By Ayomide Otitoju Lagos, Nigeria – Aliko Dangote, CEO of the Dangote Group and owner of the Dangote Refinery, revealed last week that the Nigerian National Petroleum Corporation Limited (NNPCL) has capped its equity in the Dangote Petroleum Refinery at 7.2%, contrary to the speculated 20%. Dangote explained, “The agreement was actually for a 20%…
LAGOS – Over the weekend, Aliko Dangote addressed concerns about the quality of products from his refinery during a meeting with the leadership of the House of Representatives, led by Speaker Tajudeen Abbas and Deputy Speaker Benjamin Kalu. Dangote asserted that the products produced at the Dangote Refinery are of superior quality compared to those…
ABUJA – Following the 296th Monetary Policy Committee (MPC) meeting held on Tuesday, Central Bank of Nigeria (CBN) Governor Olayemi Cardoso announced key decisions aimed at addressing the country’s economic challenges. The MPC has adjusted the asymmetric corridor around the Monetary Policy Rate (MPR) from +100/-300 basis points to +500/-100 basis points. Additionally, the committee…
By Ayomide Otitoju ABUJA – On Tuesday, Mele Kyari, in a post on X (formerly Twitter), urged Aliko Dangote, President of Dangote Group, to publicly identify any NNPC personnel allegedly operating a blending plant in Malta. Over the weekend, Dangote, Africa’s richest man and owner of a $20 billion refinery in Lagos, accused some NNPC…
