Innoson vehicle manufacturing company based in Anambra state has begun production of jet-steps for the upcoming Anambra international airport. Anambra international airport with the longest runway in Nigeria outside MMIA has positioned itself as the international gateway to the igbo land. Anambra international airport is expected to resume commercial flights …
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Naira devaluation: BDCs get dollars at ₦393, sell for N494
Bureau De Change operators got the United States dollar from the Central Bank of Nigeria at N393 but sold it for N494 on Friday, an investigation by our correspondent has revealed. Sources from some commercial banks told our correspondent that the banks were asked to fund the BDCs at the …
Read More »Nigerians To Pay More For Imported Vehicles From June 1
• Hike in terminal handling charges move businesses to neighbouring countries • Dealers lament rising cost, low patronage for used vehicles • This is a ploy to discourage vehicles importation, stakeholders allege Beginning from June 1, 2021, Nigerians with a low budget would be unable to purchase cars while those …
Read More »Itel Launches Ear Phones, Laptop, TV And A New Phone Into Nigerian Market
The itel online launch Nigeria is an online event by itel where it introduces new devices to the Nigerian market. This year’s edition held today with the brand unveiling the next iteration of smartphones in the ‘P Series’, new sets of itel earbuds, a new Smart TV series, and to …
Read More »Naira Set To Hit N500 At Parallel Market After CBN Devaluation
The naira is close to exchanging at N500 per dollar after the Central Bank of Nigeria devalued the official rate of the currency. The naira plunged to N495 per dollar at the parallel market on Thursday. This is the highest rate the naira fell since July 2020 when it traded …
Read More »Tecno Ranked 6th Among Top 100 Admired Brands In Africa
TECNO Mobile has ranked for five consecutive years among the TOP 6 brands on the African continent, marking another prestigious recognition of the brand’s leadership in Africa. Established in 2011, the Brand Africa 100: Africa’s Best Brands rankings are the most authoritative survey and analysis on brands and underlying businesses …
Read More »Escrowlock: Facebook’s $100 Million Grant Is To Be Shared By 30,000 Start-Ups
Anambra Tech Firm among Winners of $100m Facebook Grant for 30,000 A start-up tech firm, EscrowLock, has emerged among winners of the $100 million global business grant from the world’s largest social media company, Facebook Inc. Facebook Inc. had late last year announced a $100 million grant for 30,000 start-up …
Read More »CBN Confirms N410.25/$ As New Official Exchange Rate
The Central Bank of Nigeria has officially made the NAFEX Investor & Exporter forex window rate of N410.25 as its official exchange rate to the dollar. It confirmed this new official rate on its website on Monday night, after it had removed N379/$ earlier in May. Few weeks earlier, the …
Read More »Itel Debuts Itel P37 Smartphone In Nigerian Market
itel, one of Africa’s foremost smartphones, accessories, and televisions brands, has today announced an addition to its flagship power series- the itel P37 at a virtual launch held in Lagos, Nigeria. The itel P37, a big battery smartphone designed to help users get more fun and playtime at a …
Read More »Peak Milk To Celebrate National Breakfast Week, World Milk Day In Style
Peak milk, Nigeria’s foremost dairy brand from the stables of FrieslandCampina WAMCO, is promoting healthy eating habits with the National Breakfast Week (NBW) and World Milk Day 2021. The double celebration features special experiential and media-led events and activities aimed at highlighting and celebrating the importance of a healthy breakfast …
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