April 2023 - Business Metrics

Commodities News & Agribusiness2 years ago

Firm Launches Jinja App to Enhance Sales of Farm Products

By Rosemary Uwuala Isidore Agritech Limited has launched the Jinja Marketplace App that will connect buyers and sellers on a digital platform, to trade on fresh...

CBN Defends eNaira Amid Low Adoption, Usage

Finance2 years ago

CBN Assures Safety of Money in Banks Through e-Naira

By Rosemary Iwuala The Central Bank of Nigeria (CBN) has assured Nigerians of safety of their money in banks through operation of the e-naira. The CBN...

South African Government has granted Nigerian business people 10 years’ visas.

Travels2 years ago

South Africa Grants 10-Year Visas to Nigerians

Its Consul-General, Bobby Moroe, who made this known during the South Africa-Nigeria Trade and Investment Roundtable in Lagos, said while some people would get up to 10...

Commodities News & Agribusiness2 years ago

Tomato Ebola Destroys 300-hectare Farmlands Worth N1.5BN

Nigeria is likely to witness tomato scarcity as over 500 farmers lose 300-hectare farm valued at N1.5 billion to tomato Ebola known as ‘Tuta Absoluta‘ ravaging...

Food Inflation Bites Despite World Bank’s $30BN Food Security Financing

Economy2 years ago

Food Inflation Bites Despite World Bank’s $30BN Food Security Financing

The World Bank has revealed that domestic food price inflation remains high worldwide, amidst 205 million people facing acute food and nutrition insecurity. This is despite...

Stock Investors Share N17BN Profit as Index Rises by 0.06%

Capital Market2 years ago

Investors Gain N267BN on Stocks

Nigerian Equities Market closed positive on Wednesday as the key market indicator advanced by 491.13 basis points amid positive market breadth and ballooned turnover. The benchmark...

Indigo Emerges 2023 Sabre Awards Africa Winner

News2 years ago

Indigo Emerges 2023 Sabre Awards Africa Winner

Nigeria’s leading full-service Public Relations and Event Management Consultancy firm, Integrated Indigo Limited, has emerged as one of the winners of the 2023 Sabre Awards Africa....

Asue Ighodalo Chairman of the Nigerian Breweries

Appointments2 years ago

Asue Ighodalo Takes Over from Kolawole Jamodu as Chairman of Nigerian Breweries

Nigerian Breweries Plc has appointed Mr. Asue Ighodalo as the Non-Executive Board Chairman of the company following the retirement of its current chairman, Mr Kolawole Jamodu,...

Court Fines Multichoice N150m over Tariff Hike, Orders One Month Free Subscription The Competition and Consumer Protection Tribunal has fined the prominent Pay-TV operator, Multichoice Nigeria, owners of DSTV, GOTV, N150 million for disputing the court’s jurisdiction, and ordered the company to provide Nigerians with a one-month free subscription to its subscribers. A three-man panel led by Thomas Okusu gave the verdict on Friday. The tribunal had previously blocked Multichoice from raising subscription fees without proper notice, based on a lawsuit by Barrister Festus Onifade who claimed the eight-day notice given for the price increase was inadequate. Onifade had sued DSTV, accusing the Pay-TV of unjustly increasing subscription fees without one month’s notice to customers and leveraging on it to seek interim orders. Counsel for Multichoice had contended that previous rulings had settled price regulation issues, while Onifade focused on the inadequate notice rather than the price hike itself, prompting the tribunal to affirm its jurisdiction and rule against Multichoice. Court Fines Multichoice N150m over Tariff Hike, Orders One Month Free Subscription The Competition and Consumer Protection Tribunal has fined the prominent Pay-TV operator, Multichoice Nigeria, owners of DSTV, GOTV, N150 million for disputing the court’s jurisdiction, and ordered the company to provide Nigerians with a one-month free subscription to its subscribers. A three-man panel led by Thomas Okusu gave the verdict on Friday. The tribunal had previously blocked Multichoice from raising subscription fees without proper notice, based on a lawsuit by Barrister Festus Onifade who claimed the eight-day notice given for the price increase was inadequate. Onifade had sued DSTV, accusing the Pay-TV of unjustly increasing subscription fees without one month’s notice to customers and leveraging on it to seek interim orders. Counsel for Multichoice had contended that previous rulings had settled price regulation issues, while Onifade focused on the inadequate notice rather than the price hike itself, prompting the tribunal to affirm its jurisdiction and rule against Multichoice. The court subsequently fixed July 3 for a hearing of the plaintiff’s substantive suit.

Technology2 years ago

Anger, Disappointment as Nigerians React to Increase in DSTV, GOTV Subscription Rates

By Rosemary Iwuala MultiChoice Nigeria, a satellite TV service provider, has announced an increase in the prices of its DStv and GOtv subscription packages via text...

Autos2 years ago

Oando Takes Delivery of Nigeria’s First Mass Transit Electric Buses

By Rosemary Iwuala Oando Clean Energy Limited (OCEL), a part of the Oando Plc group, has taken delivery of the mass transit electric buses that will...