Mr. Chef, one of Nigeria’s most preferred food seasonings, has launched a market changing 10-in-1 packs of seasoning cubes in response to customer demands. The introduction of the money-saving initiative was part of Mr. Chef’s two instant big win incentives announced to distributors and wholesalers at a launch event held in Abuja recently.
Updated 5 Years ago

InterSwitch Transnational, a pan-African integrated payment company, has launched Retailpay, a mobile business management platform. Retailpay provides growing businesses with the technology to remotely manage and monitor their operations via mobile devices, irrespective of location. Retailpay is an application that allows retailers have access to their business records from any smart device.
Updated 5 Years ago

In what could be perceived as a spectacular success, Consolidated Hallmark Insurance first quarter (Q1) 2014 net income surged 215.26 percent, a result that means shareholders of the company should await increased returns on their investment. For the first three months through March 2014, the Nigeria insurer’s profit after tax (PAT) increased by 215.26 percent to N364 million from N115.45 million the same period of the corresponding year (Q1) 2013.
Updated 5 Years ago

Governors of the opposition All Progressives Congress (APC) Wednesday declared that they would not impose any presidential aspirant of the party on its leadership during the forthcoming presidential primary of the party. The governors, who met under the aegis of the Progressive Governors’ Forum, also demanded a separate meeting with President Goodluck Jonathan over the dwindling federal revenue allocations to the 36 states of the federation, saying they do not believe that Nigeria is broke.
Updated 5 Years ago

A bomb exploded at a bus station in northern Nigeria's Bauchi state late on Wednesday, killing at least five people and wounding 12, police said. The blast, which struck the town of Azare, is likely to be blamed on Islamist Boko Haram militants, casting further doubt on government reports that it had reached a temporary ceasefire with the rebels in order to secure the release of more than 200 schoolgirls they are holding hostage
Updated 5 Years ago

The All Progressives Grand Alliance (APGA) on Wednesday gave an indication that it would not field a candidate for the 2015 presidential elections after it skipped primaries for the presidency from its approved guidelines and timetable. In the timetable and guidelines for the conduct of its primaries released on Wednesday, the party gave a timeframe for the conduct of primaries for all categories of elective political offices and cost of the nomination forms except that of the presidency.
Updated 5 Years ago

The Court of Appeal sitting is Abuja has regularised the appeal against the eligibility of President Goodluck Jonathan to contest the February 2015 presidential election as the sole candidate of the Peoples Democratic Party (PDP). The appeal would now be heard on October 29 The eligibility suit in the Court of Appeal earlier slated for October 20, had some technical problems and therefore had to be stood down till further notice.
Updated 5 Years ago

The slide in the price of crude oil as well as production losses occasioned by shut-ins and the shut-down of trunk lines at various oil terminals resulted in a N99.55 billion drop in Nigeria’s September revenue to N502.09 billion from the N601.64 billion generated in the previous month. Non-mineral revenue also dropped to N127.35 billion compared to N159.73 billion in August partly because some blue chip companies had made payments and returns in September.
Updated 5 Years ago

Nigerians spend about N796.4 billion annually on petrol and diesel to fuel their electric generators in order generate their own electricity due to inadequate power supply, Programme Director of Community Research and Development Centre (CREDC), Godfrey Ogbemudia, has revealed. Ogbemudia, who made this disclosure in Benin City, Edo State capital, on Wednesday during the official launch of the Nigeria Renewable Energy for All project in the city, explained that the figure equalled the federal government’s budget of N796.7 billion capital expenditure for the 2009 fiscal year for the 36 states of the federation.
Updated 5 Years ago

The effort by the Central Bank of Nigeria (CBN) to prop up the naira months before the 2015 elections is being threatened by the slide in crude oil prices. The naira has come under intense pressure and has tumbled to within 0.3 per cent of a record low as Brent crude fell to the lowest level in more than four years, reported Bloomberg.
Updated 5 Years ago