Operators of e-commerce companies have identified costly electricity charges as a deterrent to investment and business development in Nigeria. This is coming as the Association of Nigerian Electricity Distributors, ANED, reveals that less than 40 percent of electricity bills are paid by consumers and as a result higher tariffs are expected to be levied in […]
Continue ReadingRinging in new adventures for the new year, Emirates, one of the world’s fastest growing airlines is launching its much-awaited global sale to inspire and encourage travelers from Nigeria to explore new destinations and revisit their favourite cities. For a limited time, globalistas can say “hello” to new adventures in Emirates’ expanding global network with […]
Continue ReadingThe Tony Elumelu Enterpreneurship Programme in a bid to deepen the African economy and grow more indigenous entrepreneurs, has announced its plans to support and raise 1,000 African entrepreneurs through a start-up businesses development initiative. TEEP (Tony Elumelu Enterpreneurship Programme) said in a statement that successful applicants who complete the 2016 programme, would receive N850, […]
Continue ReadingUBA Plc in a mailing to clients today said its cards, VISA and Mastercard, can be utilized by Nigerian holders abroad. The declaration serves as respite for Nigerians, in the midst of the tightening of foreign exchange uses by the Central Bank of Nigeria , comes with some condition. Most importantly, card holders must inform […]
Continue ReadingTony Elumelu, Chairman, Board of Directors, United Bank for Africa (UBA) Plc, has been named among the “100 most influential Africans of 2015.” The list published by pan African magazine “New African” presents Africa’s definitive power list and profiles the continent’s top game changers in eight different fields: Politics (22); Public Office (4); Arts and […]
Continue ReadingREDTV, a dynamic online lifestyle channel that puts the spotlight on Africa with a distinct global appeal has been launched. REDTV, a digital online televsion network, features the very best of entertainment, news, design, travel, fashion, music, sports, comedy and much more. “ REDTV strives to be first and foremost all about the content; and […]
Continue ReadingThe Nigerian Electricity Regulatory Commission (NERC), has released a new power tariff, outlining the various rates of increase in energy charges for consumers across the country. Worthy of note is the announcement of the removal of fixed electricity charges for all classes of electricity consumers. This means that power users would only pay for what they consume. […]
Continue ReadingWith the Central Bank of Nigeria announcing a possible recession hitting the economy by 2016, analysts have forecast higher cash receipts for the hospitality sector. According to PriceWaterHouseCoopers, the global accounting firm, although the domestic market took a knock in the first half of the year, an increase in hotel bookings is projected to occur […]
Continue ReadingThe UK unemployment rate fell to the lowest for nearly 10 years at 5.2% in the three months to October. It was the lowest jobless rate since the three-month period to January 2006, according to the Office for National Statistics (ONS). The number of people out of work fell by 110,000 to 1.71 million between […]
Continue ReadingGuaranty Trust Bank plc has restated its position as a leading provider of e-payment solutions with the introduction of a new service that allows customers receive Western Union funds directly into their GTBank account via any of the Bank’s Automated Teller Machines (“ATMs”) in Nigeria. The service is also available on the Bank’s Internet Banking […]
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