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From Sausage Cartons to Cash Prizes: Rite Foods Rewards 652 Retailers
From Sausage Cartons to Cash Prizes: Rite Foods Rewards 652 Retailers For 652 retailers across four regions, Rite Foods product cartons delivered more than they expected. Between March and June 2026, the company’s Awoof Retail Flap Promo turned flaps collected from eligible mega cartons of participating products, including Rite Spicy Beef Sausage, into cash prizes and household appliances worth millions of naira. At the close of the promotion, 259,306 flaps had been redeemed, earning participating retailers 652 prizes across Port Harcourt, B…
JMG Commissions Advanced Hybrid Solar Power System for La Chaumiere Group
JMG Commissions Advanced Hybrid Solar Power System for La Chaumiere Group Lagos, Nigeria — JMG Limited has successfully commissioned an advanced hybrid solar power system for La Chaumiere Group , one of Nigeria's leading premium multi-brand culinary and hospitality groups, reinforcing its commitment to delivering reliable, sustainable and cost-efficient energy solutions for businesses across the country. Renowned for creating exceptional dining experiences, La Chaumiere Group operates a portfolio of premium hospitality concepts ranging…
Stanbic IBTC's AAA(nga) Rating, Unbroken for a Decade, Reaffirmed by Fitch
Stanbic IBTC's AAA(nga) Rating, Unbroken for a Decade, Reaffirmed by Fitch Stanbic IBTC has been reaffirmed at 'AAA (nga)' by Fitch Ratings, giving clients, and investors continued assurance in its financial strength and the way it is run. The affirmation extends Stanbic IBTC's place at the top of Nigeria's National Long-Term Rating scale for over a decade. That span of decade included a naira devaluation, a sharp rise in interest rates and a central bank-mandated recapitalisation exercise for Nigerian banks, each a genuine…
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FG, Lagos State Government Synergize to Deliver 24/7 Power as Energy Zones Kicks Off
FG, Lagos State Government Synergize to Deliver 24/7 Power as Energy Zones Kicks Off In a move to end the blackouts that have long weighed on households, businesses and industry, the Federal Government and Lagos State have agreed to work in synergy to deliver stable, reliable electricity to the Lagos corridor, as part of the 24/7 Energy Zones pilot approved by President Bola Tinubu. The agreement followed a high-level technical session at the Lagos House, Marina, between the Minister of Power, Joseph Tegbe, and the leadership of the Ministry, …
Nigeria’s SMEs: Resilient, Essential and in need of the Right Partners
Nigeria’s SMEs: Resilient, Essential and in need of the Right Partners By Aderonke Oluwadare Nigeria’s micro, small and medium sized enterprises remain central to the country’s economic growth, employment and household incomes. According to the NBS and SMEDAN MSME 2021 survey, as cited in PwC Nigeria’s MSME Survey 2024, MSMEs account for 96.9 per cent of businesses, 87.9 per cent of employment, 46.32 per cent of gross domestic product and 6.21 per cent of exports. These figures underline the importance of Nigerian SMEs to job creation, innovat…
NCC to Leverage DBI's ITU Recognition to Advance Digital Literacy
NCC to Leverage DBI's ITU Recognition to Advance Digital Literacy L-R : David Daser, President/CEO, Digital Bridge Institute, Nigeria; Robyn Fysh, Senior Digital Skills Officer, International Telecommunications Union (ITU) Headquarters, Geneva; and Engr. Babagana Digima, Director, Research and Development, Nigerian Communications Commission during a courtesy visit at the Commission’s headquarters on 30th September, 2026. The Nigerian Communications Commission (NCC) says it will leverage the Digital Bridge Institute’s (DBI) designation …
Stanbic IBTC Bank Nigeria PMI® Strongest growth of output since February 2022
Stanbic IBTC Bank Nigeria PMI® Strongest growth of output since February 2022 September data signalled strengthening growth momentum in Nigeria's private sector as a rapid rise in new orders spurred the fastest increase in business activity since February 2022. With workloads rising, companies ramped up purchasing activity and took on extra staff, although employment rose only modestly. Meanwhile, inflationary pressures were also marked, with companies increasing their selling prices at the fastest pace in three months in response to highe…
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