Industry

Nigeria’s economy offers diverse opportunities for any young entrepreneur looking to become a millionaire. From agriculture and real estate to technology and entertainment, there are countless  industries which are all ripe for investment and growth and offer great potential for generating significant wealth. In this article, we’ll explore ten of…

The Central Bank of Nigeria (CBN) has instructed deposit money banks (DMBs) to start paying out the newly redesigned naira notes to customers over the counter, with a daily limit of N20,000. The bank governor, Mr. Godwin Emefiele, urged the public to be patient and promised that the CBN was…

The African Development Bank (AfDB) has blamed subsidies for the insecurities Africa is experiencing in the energy sector. This was contained in AfDB 2023 Africa’s Macroeconomic and Performance Outlook report issued on the 19th of January. The AfDB report posited that energy subsidies are distortionary and controversial in nature. It…

Microsoft has announced plans to lay off 10,000 employees. This was contained in a memo released by Microsoft today. Microsoft CEO, Satya Nadella in the memo released in an SEC filing, explained that some changes necessitated the reduction in the organization’s workforce.  Hinting that some employees will receive dismissal notifications…

Aliko Dangote’s Group has launched an all-inclusive recruitment campaign for the much anticipated $19-billion Dangote Oil Refinery. The petrochemical complex is an offshoot of the multinational industrial and manufacturing fireball owned by Africa’s richest person, Aliko Dangote. In a statement on its website, Dangote’s group noted that the recruitment exercise…

The growing popularity of OpenAI’s chatbot, ChatGPT, has attracted a lot of developers. This comes as a lot of fraudsters are creating apps representing the chatbot to defraud people. ChatGPT which understands human messages and provides human-like responses has been duplicated both on the App Store and the Play Store.…

The Stanbic IBTC Media Capacity Session for 2023 was held virtually on the 20th of December, 2022. The packed training session was handled by The TMTR Training Room, a skills-based, practice-led, certificate awarding institute.  The faculty includes award-winning writers and journalists like Peter Okwoche, BBC Senior Correspondent London; Kaine Agary,…

Sijibomi Ogundele, a pioneer and the founder of the Sujimoto Group, has redefined luxury in Nigeria’s real estate industry. He is well known for building spectacular structures like Cosimo and Lorenzo, the Eye of Bourdillion, and he is now progressively bringing his long-dreamed-of reality into existence. The 40-year-old former venture…

According to sources familiar with the situation and papers analysed by The Wall Street Journal, PepsiCo Inc. is cutting jobs at the headquarters of its North American food and beverage businesses as a sign that corporate austerity measures are not limited to the IT and media industries. About hundreds of…

Due to the successful performance of his publicly traded assets on the Nigerian Exchange (NGX) Abdul Samad Rabiu, Chairman of BUA Cement Plc, has seen a significant increase in his net worth to $7.3 billion. Following the success of his cement business, BUA Cement Plc, and the growth in the…