Posted in NAIJA BIZ

46-years after, Mr. Bigg’s is not so big anymore

Mr Bigg’s, one-time most sought-after fast food restaurant, is struggling to deliver on its sloganand compete in a Quick Service Restaurant market that’s in a shake-out phase. From the…

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Posted in NAIJA BIZ

SEC considering rules amendment to capture digital transactions

In order to capture digital transactions in the country, the Securities and Exchange Commission(SEC) is making amendments to its rules. This, the Exchange also believes would…

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Posted in NAIJA BIZ

This state has the lowest inflation rate in Nigeria and it’s single digit

The National Bureau of Statistics released its June 2019 Consumer Price Index showing inflation rate rose 11.22% year on year, the slowest rise in about…

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Here’s how much Nigerians paid for gas, kerosene and diesel in June

The latest report released by the National Bureau of Statistics (NBS) has shown that the average price of refilling a 5kg cylinder of cooking gas (Liquefied Petroleum…

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Louts, “Agbero” confront Opay, Gokada, and MAXng riders

A video that recently went viral on social media shows that some Area Boys, popularly known as Agberos, stopped the riders of popular motorcycle-hailing services, Oride, Gokada and MAXng, from operating along…

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Here are the top Nigerian women in finance

Nigerian women have been changing the narratives and breaking new grounds over the years. They are becoming more inclusive with activities around them and changing the…

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Does Buhari’s new minimum wage approval mean “Nigeria is broke”?

After months of eager anticipation, hopes were not entirely dashed after President Muhammadu Buhari finally approved the immediate implementation of N30,000 new minimum wage to lowest…

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Outflux of skilled workers is a dent on the local labour market

The rate at which skilled workers are emigrating from Nigeria to more developed regions has increased significantly over the past four years, as more middle-class citizens…

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FG’s new minimum wage implementation does not apply to everyone

The Chairman, National Salaries, Income and Wages Commission (NSIWC), Chief Richard Egbule, has disclosed President Muhammadu Buhari’s approval of immediate implementation of the N30,000 new…

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Banks are relying on credit bureau to comply with CBN’s new directive

In a bid to comply with the new directive by the Central Bank of Nigeria (CBN) mandating Deposit Money Banks (DMBs) to lend to the country’s…

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IMF hunts for a new Chief, as Christine Lagarde steps down

The International Monetary Fund (IMF) is hunting for a new Chief, following the resignation of its Managing Director (MD), Christine Lagarde. Lagarde had on Tuesday, July…

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AfDB has blacklisted this company from bidding for contracts

A Nigerian construction company, Lutoyilex Construct Limited, and its Managing Director Bamidele Obiniyi have been debarred from bidding for contracts from the Africa Development Bank Group…

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SCOOP: MTN workers to stay home as students reportedly picket headquarters [Update]

The staff of MTN Nigeria have reportedly been told to stay back at home after the company received a warning of a planned protest by Nigerian…

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NSE Inducts 46 Newly Authorized Dealing Clerks

The Nigerian Stock Exchange (NSE) on Monday, July 15, 2019, inducted 46 recently qualified Dealing Clerks charging them to uphold the highest level of ethics and…

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SEC moves to help Nigerians who invested in this Ponzi Scheme

The Securities and Exchange Commission (SEC) has issued a notice to begin the commencement of verification exercise for 4,160 Nigerians who participated in an illegal investment (Ponzi…

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These three directors were recently “removed” from Trans-Nationwide’s board

Logistics company, Trans-Nationwide Express Plc, has announced the removal of three Non-Executive Directors from its board of directors. The three former Non-Executives were “removed” at the…

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The Stock market opens the week on a bearish note

The Nigerian Stock Exchange ended Monday’s trading session in negative territory. The All Share Index closed at 28,341.03 basis points, down 0.79%. Year to date, the…

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Seplat to accelerate $700m ANOH investments

In a move to boost the value shareholders get on their investment returns, Seplat Development Company Plc is planning to drive its $700 million investments in Assa…

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CANAL+ Group Acquires ROK

ROK, the leading African film studio and international TV network, has been acquired by CANAL+ Group, comprising production, content distribution and publishing channels. As part of…

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Trouble ahead, as probe into telecoms, banks, others, could cost 2% of their revenue

The National Information Technology Development Agency (NITDA) has commenced investigation into some banks, network operators, financial technology companies and the Nigerian Immigration Service (NIS). This could…

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