Business

Nigeria’s ride hailing sector is about to witness a major disruption with the entrance of Alpha1 Rides: a technology services platform that supports the transportation and logistics business in Nigeria, as they have premised their model on technology and quality service. With commencement planned for September 1, Alpha1 Rides is poised to introduce high tech solutions to some of the …

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The Securities and Exchange Commission (SEC) Capital Market Committee (CMC) meeting will hold next week in Lagos. The meeting is the second in 2017, the CMC meeting is where key stakeholders in the capital market meets to discuss issues and development in the market and how to proffer solution for the growth of the market. In a similar vein the …

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Market capitalisation on the Nigerian Stock Exchange appreciated by N164 billion or 1.27 percent to close at N13.097 trillion against N12.933 trillion it closed at on Monday. The last time market capitalisation hovered around N13 trillion was in September 2014 when the average market cap was N13.5 trillion. The all share index (ASI) also improved by 474.12 points to close …

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AfroMillionsLotto (www.AfroMillionsLotto.com), a brand new lotto with a minimum jackpot close to a billion naira is to be launched in support of the Nigeria Professional Football League (NPFL) clubs by the League Management Company (LMC) in partnership with British-based Ofertas365. The lotto, due to be live later this month, has jackpots larger than every lottery in Nigeria combined, and the …

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 PayU Nigeria (www.PayU.com.ng) introduces PayU Subscription, a convenient payment method which allows merchants to safely and securely collect payments from consumers who have recurring bills or subscription payments in a seamless way. Country Manager of PayU Nigeria, Ms Juliet Nwanguma said: “PayU Subscription is an innovative product for businesses who are looking to offer subscription and recurring bill payments to …

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Photo Caption: From Left: Ade Bajomo, Executive Director, Market Operations and Technology, The Nigerian Stock Exchange (NSE); Mrs. Mary Gbegbaje, Executive Secretary, Financial Markets Dealers Association of Nigeria (FMDA); Oscar N. Onyema, Chief Executive Officer, NSE; Mr. Samuel Ocheho, President, FMDA; Mrs. Adetoun Dosunmu, Vice-President, FMDA; Mr. Akinyemi Oluwadare, Member, Governing Council, FMDA and Haruna Jalo-Waziri, Executive Director, Capital Markets, NSE …

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Acting President Yemi Osinbajo has advised investors willing to take advantage of the opportunities in the Nigerian economy to do so now or risk blaming themselves in 10 years time. Speaking at the presidential villa in Abuja during a meeting of delegates from the Nigerian Initiative for Economic Development (NEID), United States, Osinbajo said in 10 years, Nigeria would have …

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The Managing Director, Nigeria Sovereign Investment Authority (NSIA), Mr Uche Orji, said on Monday that contributors to the Sovereign Wealth Fund will be eligible to dividends from 2018. Orji disclosed this in Abuja when the Minister of Information and Culture, Alhaji Lai Mohammed, paid him a working visit. “We are not allowed to pay dividends until after 5 years of …

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Scientists working on cassava breeding are now using the Semi-Autotrophic Hydroponics (SAH) technology to rev up the propagation of clean cassava planting materials. The SAH involves the use of modified soil which holds plant roots in planting pots with little water. Usually the trays are filled with a little amount of water, and the soil transports the moisture up to …

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As part of its corporate social responsibility, Heritage Bank Plc has partnered Oyo State Government in transforming the healthcare sector through the N50billion Healthcare Endowment Fund, so as to make healthcare delivery affordable and accessible to all. The MD/CEO of the bank, Mr. Ifie Sekibo at the flag-off of the endowment fund for restoration and transformation of Government Hospitals and Health …

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