Nigeria Has 167,000 POS Operators – Abdullahi

Ibrahim Abdullahi, Chairman of the Board of Trustees (BOT) of the Association of Point of Sale Users in Nigeria (APOSUN) said Nigeria has grown the number of Point of Sale (POS) operators to about 167,000. Abdullahi disclosed this when the association paid an advocacy visit to the FCT command of the Department of State Services (DSS) in Abuja recently. “APOSUN, registered three years ago, aimed at creating jobs for Nigeria’s teeming unemployed youths and minimizing crime....

Stakeholder Urges Oil Marketers to Cooperate With FG, End Fuel Scarcity

Mr. Muhammad Saleh-Hassan, Chairman, Skymark Energy and Power Ltd, has urged oil marketers and other stakeholders in the energy sector, to cooperate with the Federal Government and end fuel scarcity in Nigeria. The energy stakeholder, who made the call in Abuja on Sunday, stressed that oil marketers had a major role to play in ending recurring fuel scarcity in the country. Saleh-Hassan noted that the energy crisis appeared to have defied government’s efforts, and urged...

OPEXA Appeals to NASS to Expedite Ratification of N375bn EEG

The Organised Private Sector Exporters Association (OPEXA) has appealed to the National Assembly (NASS) to urgently ratify the approval of the N375 billion Export Expansion Grants (EEG) for exporters. In a report, the News Agency of Nigeria notes that the N375 billion represents the backlog of the EEG from 2017 to 2020, whose payment was delayed due to budgetary constraints. The Federal Executive Council (FEC) recently approved the disbursement in form of Promissory Notes, which...

FG Begins Digitisation of Conditional Cash Transfer in Lagos

LAGOS — The Federal Government on Thursday began the digitisation of the Conditional Cash Transfer (CCT) process in Lagos, so as to enhance the programme. Mrs. Yetunde Arobieke, the Lagos State Commissioner for Wealth Creation and Employment, said the digitisation would make payment to beneficiaries easier. Arobieke spoke at the flag-off of the Distribution of ATM Cards and Activation of Personal Identification Numbers (PINs) to Lagos State Conditional Cash Transfer Beneficiaries. She said that digitisation...

Soludo Orders Registration of Wheelbarrows, Others To Increase IGR In Anambra

By Handel Patrick (Staff Reporter) AWKA — In what could be described as a move to increase the Anambra State’s internally generated revenue, Governor Chukwuma Soludo has ordered all wheelbarrow pushers, tricyclists, and motorists operating in the State to register with the state government. Soludo also directed all private motor park owners in the state to revalidate/recertify their parks before June 28 or face prosecution when enforcement would expectedly commence. This was contained in a...

FirstBank Gets $150m from Afreximbank to Support Businesses

African Export Import Bank (Afreximbank) has disbursed 150 million dollars to First Bank of Nigeria Ltd., under it’s Pandemic Trade Impact Mitigation Facility (PATIMFA). Group Head, Marketing and Corporate Communications, FirstBank, Mrs. Folake Ani-Mumuney, said this in a statement on Monday in Lagos. According to the statement, the President and Chairman of the Board of Directors of Afreximbank, Prof. Benedict Oramah, said the disbursement was further proof of the relevance of the programme in helping...

Tecno Unveils Fireboy DML As Spark Ambassador

Afrobeats award-winning artist, Adedamola Adefolahan, known professionally as Fireboy DML, has inked a new endorsement deal as the latest ambassador for Tecno Mobile. The smartphone brand unveiled the YBNL Nation artiste whose latest single, Playboy is currently making waves in the country as the brand ambassador for Spark, a Tecno smartphone model, on Wednesday. FIRE et SPARK  Welcome the one and only @Fireboydml to the #SPARK family – The SPARK AMBASSADOR Did you guess right? #SPARKxFireBoy...

African Development Bank Secures Additional €3.5 million For The Abidjan- Lagos Highway Project

Chief Transport Economist, African Development Bank (AfDB), Lydie Ehouman has said that the bank has been able to secure an agreement for additional €3.5 million for the Abidjan- Lagos highway project. The Economic Community of West African States, ECOWAS project is aimed at creating a corridor of road linking five countries in the region. The countries are Nigeria, Benin Repulic, Cote d’Ivore, Togo and Ghana. The road when completed is expected to benefit 40 million...

Sabinus Sues Peak Milk N1bn, Gala N100m Over Unauthorised Trademark Use

Mr. Funny has issued a 14-day ultimatum to two popular food brands to pay him for using his intellectual property or face court actions. In an Instagram post last Tuesday, May 24, Friesland Food Wamco Nigerian PLC, producers of Peak Milk, had used the phrase ‘something hooge’ in an advertisement. Displeased with the advert, the skit maker, born Chukwuemeka Emmanuel, sued the popular brand, demanding N1 billion in compensation and damages, noting that the phrase...

Rihanna Launches Skincare Brands In Nigeria, Ghana, Other African Countries

Pop superstar, Rihanna launched her iconic beauty line, Fenty Beauty and Fenty Skincare brand in Nigeria and seven other African countries on Friday. The Barbadian singer, who recently welcomed her first child had earlier announced that her skincare products will launch in Africa on May 27, 2022. “I’ve been waiting for this moment!! @fentybeauty and @fentyskin are finally dropping in AFRICA!!! “Botswana, Ghana, Kenya, Namibia, Nigeria, South Africa, Zambia, Zimbabwe. We coming at you on...

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