Interswitch sells stake to Visa
Visa Inc plans to acquire a “significant minority” stake in payments platform Interswitch, the Nigeria-based company said on Tuesday. Interswitch did not provide financial details in its statement but a…
Learn to deploy technology in monitoring activities within borders rather than closure – Afreximbank urges African gov’ts
President of the Africa Export-Import Bank, Prof Benedict Oramah, has urged Nigeria and other African countries to deploy technology in monitoring their borders. Oramah spoke at the second edition of…
Konga Yakata excites shoppers, exceeds projection within 24 hours
Barely 24 hours after Konga Yakata, the much-anticipated Black Africa sales of Nigeria’s retail giant Konga, went live, officials of the e-commerce company are having a tough time keeping up…
Court orders destruction of over N40m worth of fake shoe polish in Anambra
About 201,600 tins of fake Kiwi brand of shoe polish worth over N40m have been destroyed in Awka, the Anambra State capital. The fake products were packed in a warehouse…
Edo Govt. to provide 100,000 hectares of land for oil palm investors
Gov. Godwin Obaseki of Edo, on Monday said the state government had concluded plans to open up about 100, 000 hectares of new land for oil palm investors in the…
How corruption in banks has caused Nigeria N100bn in 30 years – NDIC
The Nigeria Deposit Insurance Corporation (NDIC) said it had paid over N100 billion as liquidation dividends to depositors of closed Deposit Money Banks (DMBs), in the last 30 years, with…
NCC heeds minister’s order: Sets to reduce data price, halt illegal deductions
The Nigerian Communications Commission (NCC) says it is working to resolve and implement the Federal Government’s directive on the challenges of illegal data deductions and to review the cost of…
Kano to partner China investors in textile, leather industry, others
Kano State Government has restated its commitment to partner with Shandong Province of People’s Republic of China in boosting commercial activities in the state. Gov. Abdullahi Ganduje gave the assurance…
Huge crowds throng Konga offices ahead of Konga Yakata kick off (Video)
Unprecedented crowds of shoppers have been recorded at different Konga Experience stores across the nation ahead of the Monday kick-off date of Konga Yakata sales. Reports across the nation showed…
Toyota begins recall of 679 Lexus cars over defective pneumatic rods
Japanese automaker Toyota will begin recalling 679 imported Lexus cars from Nov. 16, due to defective pneumatic rods, according to China’s market regulator. Filed by Toyota Motor (China) Investment Co.,…