Uber, Tigo Tanzania Excite Customers With New Goodies

By Adedapo Adesanya Five Nigerian transport startups have emerged from Seedstars and Lab of Tomorrow (LoT) 17, an innovative programme aimed at transforming Nigeria’s transport and e-commerce sectors. These are CargoLink, Efotainer, MonieMove, SHAPP, and Trade Tracka. These selected startups will bring fresh ideas for overhauling intercity and last-mile transport services for people and goods in Nigeria. In a statement seen by Business Post, LoT 17 focused on Nigeria, where the booming e-commerce and logistics sectors are poised for technological innovation. However, challenges remain, especially in terms of transportation quality and the sector’s largely informal nature. The programme, thus, targeted

By Bliss Okperan Users of ride-hailing mobile applications like Uber, Bolt, LagRide and others may have to submit their National Identification Number (NIN) for registration before using the services if the demands of the Amalgamated Union of App-based Transporters of Nigeria are granted by the federal government. The group has asked the government to force the ride-hailing companies to capture the NIN of passengers before ordering a ride. The drivers made this request because of the incessant killing of their colleagues by hoodlums across the country. In a statement made available to journalists, the ride-hailing drivers said if this demand

By Adedapo Adesanya The China Civil Engineering Construction Corporation (CCECC) Limited has promised to complete the Abuja light rail project in eight months, in line with the determination of President Bola Tinubu’s administration to enhance infrastructure development across the country. The Chinese construction firm gave this assurance after a meeting with the Vice President, Mr Kashim Shettima, at the Presidential Villa in Abuja. Mr Shettima described CCECC as part of Nigeria’s history, saying the Chinese construction giant has played a pivotal role in developing Nigeria’s landmark projects, adding that their commitment to the development of Nigeria and Africa is commendable.

By Adedapo Adesanya The Federation of the International Football Association (FIFA)  has picked Argentina as the host nation for the U-20 World Cup 2023 after the removal of the original tournament host, Indonesia. The South American nation will now step in following Indonesia’s removal after protests rocked the nation and its subsequent refusal to host the Israel team. The subsequent bid submitted by the Argentinian Football Association (AFA) and an on-site inspection by a FIFA delegation to the South American country last week was granted approval by the FIFA Council. The delegation members visited the proposed tournament venues and associated

By Modupe Gbadeyanka Mr Moruf Oseni has assumed office as the substantive Managing Director and Chief Executive Officer of Wema Bank Plc after the Central Bank of Nigeria (CBN) approved his appointment. The respected banker resumed his new position today, Saturday, April 1, 2023, after serving in an acting capacity since January 1, 2023, succeeding Mr Ademola Adebise. Mr Oseni’s journey with Wema Bank began in 2012 when he joined as an Executive Director. Before his appointment as MD/CEO, he served as Deputy Managing Director for the last four years, a role where he demonstrated the capacity to lead the

By Dipo Olowookere The current English Premier League (EPL) champions, Manchester City, have announced postponing their league match against West Ham United on Sunday evening. A statement from the blue side of Manchester in England said the game was shifted to another day because of extreme bad weather, specifically due to Storm Ciara. According to the short statement from the club’s official website, the decision to push the match forward was for the interest and safety of the supporters and members of staff of the club. “Due to extreme and escalating weather conditions and in the interests of supporter and

By Adedapo Adesanya The African Export-Import Bank (Afreximbank) and the United Bank for Africa (UBA) Plc have signed a $150 million trade finance facility agreement under the Ukraine Crisis Adjustment Trade Financing Programme for Africa. The funding will be utilised to finance trade and trade-related transactions in support of UBA clients to facilitate increased financing of trade businesses in various sectors of the Nigerian economy to mitigate the adverse effects of the Russia-Ukraine crisis. Signed by Mr Denys Denya, Executive Vice President, Finance, Administration and Banking Services, Afreximbank, and Mr Oliver Alawuba, Managing Director of UBA PLC, the facility is

By Dipo Olowookere The persistent squeeze in foreign exchange (FX) liquidity in Nigeria has further battered the value of the Naira against the United States Dollar in the black market. The exchange rate of the Naira to the Dollar crashed to N750/$1 on Friday noon, according to data obtained by Business Post from forex traders on the streets of Lagos. “We have not been able to get Dollars from the various sources, which is putting pressure on the Naira. The few with us are being rationed,” a forex trader in the Alimosho area of Lagos State, Mr Abdulahi Musa, told

By Aduragbemi Omiyale Intercontinental Distillers Limited, makers of Eagle Aromatic Schnapps, has been commended for its annual support for the Lisabi Festival. The brand sponsored the 36th Lisabi Festival, which ended last weekend on high octane in Abeokuta, the capital of Ogun State, after a week of activities. A veteran music icon, Evangelist Ebenezer Obey-Fabiyi, sang melodious songs to serenade participants and fun-seekers at the festival’s grand finale ceremony. Lisabi Festival is a historic festival and cultural heritage event celebrated yearly by the Egba people of Ogun State in honour of the legendary Lisabi, a hero of the Egba liberation

By Dipo Olowookere The zoo section of Omu Resort in Lagos has been boosted with the arrival of two Zebras, making the facility become one of the few zoos in Africa to have the animal in their collection. The black and white-striped Zebras have now increased the numbers of animals in the zoo section of the resort, giving fun-seekers the opportunity to see more animals. Business Post reports that Omu Resort, located at Bogije, Ibeju Lekki, Lagos State, is well-known for wildlife conservation and captive breeding. It boasts of several wild animals like the lion, hyena, monkey, crocodile, ostrich, amongst

By Modupe Gbadeyanka Chemtura Corporation has announced today that effective April 1, 2017 or as contracts allow, as a result of the continued escalation of costs it will increase prices globally for some of its Petroleum Additives products. This, it explained, was necessary to sustain Chemtura’s ability to provide high quality products, service levels and innovative offerings. It was disclosed that Chemtura representatives will be in contact with customers to provide more specific information. Products to be affected by the price increase include Calcinate®, Hybase®, Lobase®, Calcium Sulfonate Greases, Esters, Durad® and Reolube®. Chemtura Corporation, with 2016 sales of $1.7