Microsoft logo. Reuters/ Mike Blake Microsoft has invested $200 million in Nigeria through its newly unveiled African Development Centre (ADC) in Lagos. The ADC is the premier engineering centre for Microsoft. The centre was created by Microsoft to serve as a base for African industry leaders to create local solutions with global scalability as well […]
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Analysts say earnings not reflecting on market performance Investors are set to earn over N780 billion as dividends from the 2021 financial year. So far, 16 companies across seven sectors – consumer goods, financial services, industrial goods, oil and gas, services, healthcare and IT – have earmarked a total of N782.192 billion as final dividends […]
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Reckitt Nigeria, maker of Mortein Insecticide, has unveiled Nollywood celebrity and fitness enthusiast Kate Henshaw as its new brand ambassador. General Manager of Reckitt in Sub Saharan Africa Akbar Ali Shah said: “At Reckitt, we have a purpose, which is to protect, heal and nurture in the relentless pursuit of a cleaner, healthier world. It […]
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Shop owners in Computer Village, Ikeja, Lagos State have started counting their losses to the planned relocation of the information technology (IT) market to Katangow, a suburb. The traders lamented the cost of relocating to a new site at the beginning of the year, especially as they said they had just had renewed their tenancy. […]
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The Bank of Industry (BOI) and a group of telecommunications companies and commercial banks have teamed up to launch technology hubs at the Obafemi Awolowo University, Ile-Ife, and Osun State University (UNIOSUN). The objective of Opolo Initiative, as the schemes are called, is to source and harness the potentials of undergraduates and tech entrepreneurs in […]
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Photo by Kola Sulaimon / AFP • Paddy Processing Takes Two Days — Dama Six weeks after rice farmers promised downward review of the price of rice across the country, it appears there is no succour yet in sight for Nigerians as the price has continued to increase astronomically. When the plan was announced during […]
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Industrial development aspiration of Nigeria may be facing a serious threat. While churches in the United States (US) and United Kingdom (UK) are giving way for factories and industries thereby boosting job creation and national economic development, churches in Nigeria are filling the vacuum created by failed factories in the country by turning the premises […]
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Tractor • Nation’s seven tractors per 10,000ha fall below 200/10,000ha global average • Food prices remain high despite claim of rice, grain sufficiency Shortage of tractors and critical implements for farm mechanisation has hit the country as land preparation for the 2022 dry and wet season cultivation begins across agro-ecological zones. Secretary, Agricultural Equipment Hiring […]
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Dangote Peugeot Automobiles Nigeria Limited (DPAN) has begun car assembly in Nigeria, starting with the land trek, 3008, 5008 and the new 508. Naija. With this development, Peugeot vehicles will now be assembled in Nigeria nearly four years after joint owners Dangote Group secured authorization from the Nigerian regulator following prior expressions of interest in […]
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Double-digit growth in 2022 Investors who subscribed to the recently-concluded public offer by MTN Nigeria Communications (MTN Nigeria) will receive about N5.67 billion as cash dividends in their first return on investment. Regulatory filing and reports analysed yesterday indicated a dividend yield of 5.07 per cent as return on investment for the emerging shareholders, a […]
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