Nigerian music star, 2Face has shown off his massive farm land in Benue state which has been named "Innobia Farms".
Sharing a video of the farm land, the singer described it as the beginning of another chapter and also revealed that his crops are growing nicely.
2Face wrote;
It's official!!! INNOBIA FARMS.Crops...
THE Nigerian Communications Commission (NCC) at the weekend urged telecommunication companies to reciprocate the reduction in the charges on Right of Way (RoW) by reducing data charges to Nigerians.
Its Executive Vice Chairman, Prof. Umar Garba Danbatta, stated this while addressing participants at the maiden virtual edition of the Telecoms...
A luxury Mega-Mansion in Dubai with Free’ Rolls-Royce and Ferrari is up for sale at £25million.
The 14,000-square-foot mega-mansion, called One100, which was completed just a week ago for a Swedish entrepreneur, is located on Dubai’s Palm Jumeirah island.
The owner, Michael Alibhai, 43, who has a Dubai-based company that designs and manufactures clothing for top...
Mukesh Ambani, Asia’s richest man, is on a shopping spree as he targets online retailers for acquisition in a bid to compete against Amazon.
Ambani spent the early few months of the pandemic raising more than $20 billion by selling stakes in his technology venture. He is now looking to acquire several...
Ride-hailing operators in Lagos state will from August 27, start paying a levy of N20 known as road improvement fund on each trip their drivers make in a day.
The agreement was reached on Friday August 14, after a three-hour meeting between the Lagos state government and e-hailing ride operators.
In a statement signed...
Ghanaian authorities have explained why they locked up some Nigerian-owned shops in the country amid an ongoing controversy about the Ghana Investment Promotion Council (GIPC) registration.
Recall LIB reported earlier that the requirement for GIPC registration is $1 million minimum foreign equity, while registration fee is 31,500 cedis.
Reacting to the controversy...
Android users should safeguard their Twitter accounts with all they've got.
Twitter has warned that Android users are a lot more vulnerable to attacks on its platform.
Specifically, Android users who own Twitter accounts are more likely to have their direct messages hacked into.
“This vulnerability could allow an attacker, through a...
The COVID-19 pandemic and the group's re-evaluation of its operating model in Nigeria means Shoprite is leaving town.
Africa's biggest grocery retailer and the South Africa-owned chain of stores, Shoprite, is exiting Nigeria--Africa’s most populous nation and largest market--after 15 years.
Shoprite is re-evaluating its operating model across Africa, amidst logistic...
The Tanzanian miner and father-of-30 children who became an overnight millionaire after digging up two massive chunks of one of the world's rarest gemstones worth $3.35million, has found a third multi-million-dollar lump of Tanzanite.
The third stone allegedly weighs six kilograms and has an estimated value of $2million (£1.5million ).
Mr. Saniniu...
Facebook founder, Mark Zuckerberg, 36, has become the third centibillionaire in the World.
According to the Bloomberg Billionaires Index, Zuckerberg’s fortune has topped $100bn for the first time, placing him among members of the world’s centibillionaires' club, after Facebook’s shares surged by 6% on investor optimism over the news the company...
One is available to order now, but you'll have to wait for the others.
Google announced three new phones on Monday. The first is the more affordable Pixel 4a, which comes in at €389 and will ship later this month, although you can preorder it now.
Next is the Pixel 5,...
3rd of August, 2020, Lagos, Nigeria - OPPO Mobile Nigeria introduces a killer mid-range smartphone in the OPPO A92, as well as a lower variant in form of the OPPO A52. Coming with a refreshing design and powerful settings in both hardware and software, OPPO A92 aims to deliver...
South Africa’s Shoprite Holdings recorded an 11 per cent rise in its shares on Monday amid plans to sell a majority stake in its Nigerian subsidiary.
Although the company reported higher total sales, it also announced that it was considering the sale of all or a majority stake in its...
South Africa retail giant, Shoprite, has announced the commencement of a formal process to discontinue its operation in Nigeria. Shoprite Holdings Limited made the announcement on Monday in its operational and voluntary trading update for the year ended on June 28, 2020.
The multi-national retail group, which announced a 6.4...
Amaechi says the government needs the loans to boost infrastructure in the country.
The Minister of Transportation, Rotimi Amaechi, says Nigerian government has the capability to pay back loans collected for the construction of rail projects within the stipulated period of 20 years.
Amaechi, in a statement on Saturday, said...
When it comes to climate change, today's airplane pollution is a real problem.
A new partnership between the Delft University of Technology and KLM Royal Dutch Airlines has been announced along with a plan for a striking new plane.The Flying-V is a plane that's all wing, and promises a 20%...
Minister of Transportation, Rotimi Amaechi has warned the house of representatives committee on treaties and agreements against continuing the probe on loan agreement between Nigeria and China.
The Minister who noted that the federal government requested $500 million from the Chinese government to finance some rail projects across the country particularly in...
Polaris Bank has partnered with the global social media giant, Facebook, to provide free digital marketing training to SMEs in Nigeria.
The bank explained that this move is intended to equip Small and Medium-scale Enterprises (SMEs) who are focused on leveraging social media tools to drive business and sales.
According to...
It seems influencers are ruling the world these days. Everywhere you look, be it in any field of business, it is the people with the maximum number of followers who are making the most amount of money. The funny thing about becoming an influencer is that unlike most other...
Europe’s second-highest court on Wednesday rejected an EU order for Apple (AAPL.O) to pay 13 billion Euros (15 billion dollars) in Irish back taxes, dealing a blow to the bloc’s attempts to crack down on sweetheart tax deals.
In its order four years ago, the European Commission said Apple benefited...
Access Bank Plc on Monday announced that it had successfully completed the acquisition of the Transnational Bank (Kenya) Plc following receipt of full regulatory approvals and fulfilment of all conditions.
The Company Secretary, Sunday Ekwochi, informed the investing public and the Nigerian Stock Exchange (NSE) in a statement posted on...
Twenty-five Nigerians have filed a lawsuit against the Peoples Republic of China before the Federal Capital Territory (FCT) High Court over its alleged culpability in the spread of the novel Coronavirus and are demanding a $200 billion compensation over the effects of the pandemic on their livelihoods.
A team of...
Zenith Bank Plc has emerged as the number one bank in Nigeria by Tier-1 Capital in the 2020 Top 1000 World Banks Ranking published by The Banker Magazine.
The Bank climbs a whopping 29 spots to 386 from 415 in 2019 in the 2020 global ranking of banks.
Zenith Bank retained...
Cryptocurrency is basically, a digital currency based on a modern technology called the blockchain. Its users range from small businesses to process payments, financial tech-based startups, and retail consumers that use it to send money across borders and as an investment asset.
Since cryptocurrencies like BTC and other altcoins have been gaining high acceptability and in high use...
US regulators are getting close to undertaking a test flight of Boeing’s grounded 737 MAX and could schedule the key step for as soon as this week, two sources said Friday.
The long-delayed test flight by the Federal Aviation Administration is a critical step in recertifying the plane for service...
E-commerce powerhouse, konga, has set aside millions of naira to celebrate its customers.
The firm, which turns eight this month, said it management has put together a memorable collection of offerings targeted at exciting its customers.
Co-Chief Executive Officer at Konga, Prince Nnamdi Ekeh, said the firm will use the occasion...
The International Monetary Fund has downgraded Nigeria’s 2020 growth projection, saying the economy will shrink by 5.4 per cent.
The IMF had in April 2020 projected that the country’s economy would contract by 3.4 per cent this year.
The IMF disclosed this in its overview of the World Economic Outlook for...
The federal government says it will announce a new date for reopening of airports and resumption of flights after the completion of dry run tests in Lagos and Abuja airports.
Musa Nuhu, director-general of the Nigerian Civil Aviation Authority (NCAA), disclosed this during the presidential taskforce (PTF) on COVID-19 briefing...
All businesses, corporations and enterprises had planned a robust policy for 2020, to start a new decade with bracing policies and decisions to scale up the business operations, increase sales and revenue; and shore up the profit base.
But there comes the bombshell, the Coronavirus (COVID-19), an epidemic detected on November...
Naira Remains Stable At The Parallel Market
The naira maintained stability against the American dollar at the parallel segment of the foreign exchange market, this week. Nigeria’s currency sold at N450 to $1 on Friday and has remained at this rate for the past six working days, refusing to breach...
Chinese multinational technology company, Huawei has released a productivity tool which creates an all-scenario smart office, called IdeaHub in the sub-Saharan Africa region.
In a statement BusinessDay received, Huawei explained that IdeaHub is an intelligent endpoint that integrates multiple functions including multi-screen collaboration between mobiles and PCs, interactive whiteboard, remote...
The Nigerian National Petroleum Corporation (NNPC), says failure of successive government to successfully fix the country’s refineries in the last 20 years was a strategy problem.
Group Managing Director of the NNPC, Mallam Mele Kyari who disclosed this at the weekend during a virtual conference organized by the Atlantic council,...
… Joins Airbus, Boeing, Volvo, Ali Baba, others
By Ibrahim Mohammed
The pan-African conglomerate, Dangote Group has been inducted into the influential Global Executive Council (GEC) of the Project Management Institute (PMI), the first African business organization to become a member in history.
Following the latest feat by the group, Dangote Industries Limited...
An Islamic human rights organization, the Muslim Rights Concern (MURIC), has warned against retrenchment in the banking sector after the lockdown occasioned by COVID-19. MURIC argued that Nigerian banks do not need to sack workers because they are making huge profits.
This was the submission of MURIC in a press...
First Bank of Nigeria Limited, has presented 20,000 units of e-learning devices to the Lagos State government. The devices are planned for distribution to school children. The event was held at the State House in Marina, Lagos.
With the gesture, the Lagos State governor, Babajide Sanwo-Olu said the State had...
Nigerian Communications Commission (NCC) has called for the views of industry stakeholders in the formulation of policy that would lead to 5G deployment in the country.
In a public notice yesterday signed by the Director, Public Affairs, Dr. Henry Nkemadu, the commission expressed belief that the deployment of 5G would...
• Continent contributes less than 1% to global digital economy
To manage the possible effect of the pandemic on the economy post-COVID-19, Nigeria and other parts of the Continent will require about $100 billion for universal, affordable and good quality Internet access by 2030.
This was stated by the Director of...
The immediate past Emir of Kano and former Governor of the Central Bank of Nigeria, Muhammad Sanusi, has again said it is inevitable for Nigeria to be bankrupt with its current governance structure, which he described as too expensive and unsustainable.
The outspoken economist, who has repeatedly complained about the...
The Nigerian Communications Commission (NCC) has disclosed that it has commenced necessary processes to develop a policy for the deployment of Fifth Generation (5G) technology in Nigeria.
The process of developing this policy will involve a public inquiry which will involve relevant stakeholders, including the Ministry of Communications & Digital Economy,...
Digital banking startup Sparkle has been launched in Nigeria by former Diamond Bank chief executive officer (CEO) and tech entrepreneur Uzoma Dozie, aimed at providing seamless solutions to Nigerian individuals, SMEs and retailers.Sparkle, which has been granted a banking license from the Central Bank of Nigeria (CBN), offers comprehensive...
