The Pan-African Payment and Settlement System (PAPSS,) has signed Memorandums of Understanding (MOUs) with five African multinational commercial banking groups for seamless cross-border trade payments. The groups include Standard Bank Group, Access Bank Group, Ecobank Group, KCB Group, and UBA Group. These significant partnerships aim to revolutioniseContinue Reading
By Rukayat Moisemhe Vitafoam, a prominent foam manufacturing company, has partnered I-Create Club to award six exceptional primary school pupils for their outstanding achievements in a creative competition. Mr Taiwo Adeniyi, the Group Managing Director, Vitafoam, said this in a statement on Wednesday in Lagos. Adeniyi said the competition wasContinue Reading
By Rukayat Moisemhe Jumia, a leading pan-African e-commerce platform, has reiterated its commitment to driving economic growth through the expansion to secondary cities and rural areas to close the inequality gap. Mr Massimiliano Spalazzi, the Chief Executive Officer, Jumia Nigeria, said this at the launch of its Rural Area ReportContinue Reading
By Kadiri Abdulrahman The Debt Management Office (DMO) said the total public debt stock of Nigeria as at March was N49.95 trillion (108.30 billion dollars). According to a statement obtained from the DMO official website on Sunday, the total debt stock comprises the external and domestic debts of the FederalContinue Reading
By Lydia Ngwakwe Money Africa has emerged winner of the Nigeria Sovereign Investment Authority (NSIA) Prize for Innovation Programme. The News Agency of Nigeria (NAN) reports that the NSIA rewarded some Nigerian innovators with the sum of $255, 000, some part cash and some equity investments, at the NSIAContinue Reading
By Rukayat Moisemhe The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) has lauded the President Bola Tinubu-led administration’s tempo at addressing salient economic issues such as fuel and electricity subsidy removal. ICSAN outgoing President, Mr Gbenga Owokalade, said this at a news conference on Friday in Lagos. OwokaladeContinue Reading
By Ruth Oketunde The Federal Capital Territory Administration (FCTA) has announced plans to harmonise revenue collection and end double taxation of residents in the Federal Capital Territory. Mr Olusade Adesola, FCT Permanent Secretary, said this at a press briefing on Wednesday in Abuja. He said that itContinue Reading
By Rukayat Moisemhe The Vice-Chancellor of Pan Atlantic University, Prof. Enase Okonedo, says there is need for organisations to balance the interplay between culture and corporate governance to minimise organisational conflicts. Okonedo said this at the Institute of Directors Nigeria (IoD) 2023 Biennial Lecture on Thursday in Lagos. It hadContinue Reading
By Constance Athekame The Transmission Company of Nigeria(TCN) says it has restored power supply to its Alagbon Transmission Substation after a fire incident. The incident, which happened about 4.32pm on Wednesday affected one of its 60 Mega Volt Ampree (MVA) power transformers in the substation. Mrs Ndidi Mbah, GeneralContinue Reading
By Rukayat Moisemhe ACIOE Associates, Africa’s leading advisory services firm, has reaffirmed its commitment to inspiring and transforming African businesses via strategic and proven growth advisory solutions to spur economic development. The Chief Executive Officer, ACIOE Associates, Mr Ekenem Isichei, said this in a statement on Sunday in Lagos. IsicheiContinue Reading
