Lagos Trade Fair Standstill for Offorkansi Birthday
It was excitement galore as the largest auto market in Africa, the Auto Spare Parts and Machinery Dealers Association (ASPMDA) celebrated the birthday of one of its giants and pillars, High Chief Dr. DC Offorkansi, former president and current chairman…
Thermal power to dominate generation mix of Russia—Report
Russia has been slow in the adoption of renewable sources for power generation due to the availability of cheap conventional energy sources. In 2023, annual generation through thermal power sources held a share of 59.5% in the total generation mix…
Relief for industries as Dangote crashes Diesel price to N1,000 per litre
Dangote Petroleum Refinery has announced further reduction of the price of diesel to from 1200 to 1,000 naira per litre. While rolling out the products, the refinery supplied at a substantially reduced price of N1,200 per litre three weeks ago,…
Konga unveils Infinix Brand Week with Attractive Deals
Nigeria’s leading composite e-commerce group, Konga, is thrilled to announce the launch of amazing deals at its Infinix Brand Week. Infinix, a leading global smartphone brand known for its innovative products and cutting-edge technology promises exclusive discounts and special offers…
Fidelity Bank Posts 131.5% jump in PBT of ‘23FY
Fidelity Bank Plc, has released its 2023 full year Audited Financial Statements, reporting a 131.5% growth in Profit Before Tax to N 124,26 billion. According to the results issued to the Nigerian Exchange (NGX) recently, the bank grew Gross Earnings…
Just in: Nigeria Startup Portal now open for labeling
Launched by the Honourable Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, the Startup Support and Engagement Portal is part of the Nigeria Startup Act (NSA 2022), aimed at fostering the growth of startups and tech talent in…
More facts emerge on why E-commerce is thriving in South Africa
South Africa’s ecommerce sector is expected to exceed USD21 billion by 2025, with more than one billion transactions per year. This is largely due to the proliferation of smart devices and the expansion of internet connectivity which has created a…
Nigeria inflation jumps again to 33.20%
The National Bureau of Statistics (NBS) released its latest inflation figures earlier today, showing that Nigeria’s headline inflation increased by 150bps to 33.20% y/y in March (February: +31.70% y/y). A deeper dive into the data shows that food inflation rose…
NASENI, NIPSS in synergy to drive Digital Economy, Job Creation
The National Agency for Science and Engineering Infrastructure (NASENI) and the National Institute for Policy and Strategic Studies (NIPSS), Kuru, Plateau State are set to collaborate on enhancing Nigeria’s digital economy footprints, empowering and creating jobs for millions of youths….
NDYC Hails Minister Bello Matawalle as an Exemplary Leader
The Niger Delta Youth Congress (NDYC) extends its heartfelt commendation to His Excellency Bello Matawalle, the Minister of State for Defense, for his outstanding performance and dedication to duty within the administration of President Bola Ahmed Tinubu. Minister Matawalle has…
