President Bola Tinubu has approved N50 billion for micro, small and medium-sized enterprises across Nigeria President Tinubu made the announcement while addressing Nigerians in his nationwide broadcast President Tinubu charged Nigerians to bear the pains associated with the removal of fuel subsidies, assuring them that things would pick up. He said, “Our administration recognizes […]
President Tinubu approves N50 Billion for SMEs Read More »
Electricity Consumers in the Federal Capital Territory (FCT), want the new Minister of Power, Mr Adebayo Adelabu to overhaul the power sector to ensure stable power supply. The consumers who spoke to the News Agency of Nigeria (NAN) in Abuja on Sunday said that overhauling the sector would improve power supply. Mr Kunle Olubiyo,
ABJ electricity consumers want the minister to overhaul the sector Read More »
The majority of respondents to a recent survey conducted by Consumertrics have expressed their lack of trust in digital lenders. The leading advisory group asked in an online poll if respondents see digital lenders as “angels or demons”, with 73 per cent choosing the latter option. Without mincing words, the Consumertrics survey asked the
Financial services company, Mastercard, has partnered with Nigeria’s E-commerce platform Alerzo, to offer digital payment solutions, to address the challenges faced by SMEs in Nigeria’s Fast Moving Consumer Goods (FMCG) sector. This partnership aims to promote the use of financial solutions over the next five years and provide practical financial training and knowledge to
Mastercard partners Alerzo to offer digital payment solutions to SMES Read More »
With about N20.77billion foreign exchange losses, Cadbury Nigeria Plc has declared N14.52billlion loss before tax in half year (H1) ended June 30, 2023 as against N3.35billion profit before tax reported in half year (H1) ended June 30, 2022. The Fast-Moving Consumer Goods (FMCG) company listed on the Nigerian Exchange Limited (NGX) also declared N14.54
ICYMI! Cadbury Nigeria’s Profit Decline by N14.52bn on FX Loss Read More »
At the backdrop of rising interest rates and foreign exchange scarcity, leading consumer goods manufacturing companies have come under severe funding pressure. Financial Vanguard findings from the financial statements of the companies show that they have resorted to very expensive bank borrowings to sustain their businesses, increasing their exposure to the banks to N1.834
GENTLE REMINDER! Consumer goods manufacturers borrow N1.8trn to survive in HI’23 Read More »
As students get set to resume another academic session, FastCash, powered by First City Monument Bank (FCMB), is offering parents and guardians up to N200,000 to help them cover the costs of school fees and back-to-school supplies. The credit line supports the purchase of school uniforms, books, bags, confectionaries, and other items required to
BACK-TO-SCHOOL! FastCash offers parents up to N200,000 loan in five minutes Read More »
The National Broadcasting Commission (NBC), has approved Radio Caleb, to commence full transmission on the frequency dial of 89.3 MHz FM. The Campus radio station got the approval of the broadcasting regulatory body via a letter written by Dr. Igomu O. Oja, Secretary to the Commission, dated August 14, 2023, which stated, “I am
BREAKING! Radio Caleb, 89.3 FM gets NBC approval to commence full transmission Read More »
Integrated Indigo Limited, one of Nigeria’s leading full-service Public Relations Consultancy firms, has emerged as the Best Integrated Marketing & Communication Consultancy Firm in Nigeria at the recently concluded Sixth Annual African Excellence Awards. In a statement conveying the development, MEA Markets – the award organisers said, “The teams at MEA markets are honoured
FELICITATIONS! Indigo named best IMC firm in Nigeria Read More »
The Nation newspaper has a report about an aggrieved Ikeja Electricity (IE) customer who lamented the difficulty he encountered in getting a replacement for his faulty pre-paid meter one year after applying for it. The customer, a senior journalist and former presidential aide, who pleaded anonymity, recounted his bitter experience at the hands of
