Category: Business News

  • Tourism Grows by 4% in 2021, Remains Far Below Pre-Pandemic Levels

    Tourism Grows by 4% in 2021, Remains Far Below Pre-Pandemic Levels

    According to the UNWTO, international visitor numbers climbed by 4% in 2021; nonetheless, the year was still challenging: arrivals were still 72 percent lower than pre-pandemic levels; recovery will require improved cooperation and increased vaccination rates. In comparison to 2020, global tourism increased by 4% in 2021. (415 million versus 400 million). According to preliminary […]

  • MTN Nigeria ready to launch Reach Communication Service for Business

    MTN Nigeria ready to launch Reach Communication Service for Business

    One telecommunication giant in Africa, MTN Nigeria is about to launch Rich Communications Services (RCS) Business Messaging (RBM) Services in partnership with Google and Dotgo. RBM is a service that will allow businesses to integrate rich media and chatbots into Google Messages communications. What does that actually mean? The new service is powered by Dotgo’s […]

  • African Development Bank Approves $170 Million Investment in Nigeria’s Digital and Creative Start-ups.

    African Development Bank Approves $170 Million Investment in Nigeria’s Digital and Creative Start-ups.

    The initiative launched by the Nigerian government to promote investment in the digital and creative industries has attracted the attention of the African Development Bank (AfDB) with a loan of $170 million to finance digital and creative enterprises in the country. To be co-financed by the Agence Française de Développement (AFD) and the Islamic Development […]

  • Nigerian Startup Bill Gets Approved, Heads to Senate to become law

    Nigerian Startup Bill Gets Approved, Heads to Senate to become law

    Dr. Isa Pantami, Minister of Communication and Digital Economy mentioned while briefing State House media that the Nigeria Startup Bill has been passed by the Nigerian Federal Executive Council (FEC) and will be referred to the National Assembly for consideration. This was stated at the end of President Muhammadu Buhari’s virtual council meeting at the […]

  • MTN, Mafab acquire 5G spectrum after 11 bidding rounds

    MTN, Mafab acquire 5G spectrum after 11 bidding rounds

    The Nigerian Communications Commission(NCC) auction for its two available lots of 100 MHz TDD slots of 3.5 GHz band for the deployment of the fifth-generation network in the country has been won by MTN Nigeria and Mafab Nigeria Communications Limited in a live auction held in Abuja on Monday. The NCC had recently approved MTN […]

  • New Finance bills will make Nigerians Pay 7.5% VAT on Facebook Ads in 2022

    New Finance bills will make Nigerians Pay 7.5% VAT on Facebook Ads in 2022

    According to a new bill president Muhamadu Buhari, of the Federal Republic of Nigeria passed to the senate, mandates a 7.5% VAT charge to those buying ads for businesses or personal purposes from Facebook, now Meta. Facebook has said that Nigerians will pay 7.5 percent value-added tax (VAT) on all ad placements from January 1, […]

  • Lawal take over from Akinwutan as new Ecobank MD

    Lawal take over from Akinwutan as new Ecobank MD

    The trans African lending powerhouse Ecobank Group has made a change of guard at a Nigerian subsidiary with the Bank announcing the upcoming retirement of Patrick Akinwuntan, Regional Executive and Managing Director, Ecobank Nigeria. Akinwuntan is set for retirement in January 2022, upon reaching the retirement age, the Bank has announced Mr. Jubril Mobolaji Lawal […]

  • ASUU strike, Naira Marley, Neymar, and other top Google search trends in 2019

    ASUU strike, Naira Marley, Neymar, and other top Google search trends in 2019

    The search engine giant, Google in its yearly “Year in search annual publication” has exposed what Nigerians searched for in the year 2019. The result has revealed the questions in the lips of average Nigerians. It also revealed where our priority lies as people. In the trending news category of the result, ASUU strike top […]

  • Jumia shuts down Operation in Cameroon following huge losses suffered by the company

    Jumia shuts down Operation in Cameroon following huge losses suffered by the company

    Earlier this morning, one of Africa biggest e-commerce closes down business in Cameroon, making it the third one after the company did same to Congo and Gabon sometimes back. According to the report from the management of the company, it stated that it’s transaction model is not suitable for the country, following the socio-economy and […]