JayDrillz Joins RedAce Management Company

By Aduragbemi Omiyale A veteran Yoruba actor, Mr Musiliu Olaitan Ajikanle, also known as Bufallo, has died after a prolonged illness. Musiliu Ajikanle was said to have died on Monday after suffering from a stroke for about seven years. A cleric, Agbala Gabriel Foundation, brought his plight to the public a few months ago. The actor, before his demise, has acted in several movies and has also produced some flicks. Details later.

By Modupe Gbadeyanka The 6th edition of the prestigious GTCO Fashion Weekend has been fixed for November 11 and 12, 2023, a statement from the organisers, Guaranty Trust Holding Company (GTCO) Plc, has disclosed. The event is one of the most anticipated in the African showbiz calendar because it provides an avenue for stakeholders from far and near to network and get the latest trends in the fashion industry. In a statement made available to Business Post on Tuesday, it was disclosed that the GTCO Fashion Weekend would take place at the GTCentre on Plot 1, Water Corporation Drive, Oniru,

By Modupe Gbadeyanka Winner of Nigerian Idol Season 8 Winner, Victory Gbakara, and the runner-up, Precious Mac, were recently at the Lagos office of Bigi, one of the sponsors of the music talent show, which brought them to limelight. During the visit, the duo expressed gratitude to Bigi, a brand from the stables of Rite Foods, commending them also for quenching the thirsts of their consumers. “I have experienced them and tasted most of their products and they are 100 per cent,” Precious Mac said. On July 16, 2023, Victory Gbakara defeated Precious Mac to become the Season 8 winner

By Adedapo Adesanya The Naira further depreciated against the US Dollar at the Investors and Exporters (I&E) window of the foreign exchange (forex) market on Tuesday, September 6. According to data from the FMDQ Securities Exchange, the domestic currency lost 0.29 per cent or N1.25 to sell for N436.00/$1 compared with the previous session’s rate of N434.75/$1. The exchange rate of the local currency to the greenback yesterday was the lowest level it has traded in 9 months as on December 30, 2021, it was exchanged at N435.00/$1. In the second trading session of the week, the FX turnover was

A new report by Nielsen Africa has revealed that the Consumer Confidence Index (CCI) of Nigeria has dropped five points to 112, while that of Ghana went down by four points to 114 in the third quarter of 2019 from 118 in the previous quarter. In a statement made available to Business Post, it was stated that these two sets of results present a fairly stable, albeit a slightly less positive picture of consumer sentiment across West Africa compared to the previous quarter. “Nigerians are experiencing a subdued confidence level considering that inflation has started to rise again and the

By Modupe Gbadeyanka A businessman in Nigeria, Mr Nasiru Danu, has expressed his displeasure over a report linking him with an alleged N51 billion fraud. A popular online news platform, Sahara Reporters, had claimed in a report published on March 5, 2021, that Mr Danu connived with the Comptroller General of the Nigeria Customs Service (NCS), Mr Hameed Ali, to rob the nation of the said amount. This did not go down well with the businessman, who is now considering taking a legal action against the online newspaper for defamation of character. Already, the lawyers of the philanthropist have written

By Modupe Gbadeyanka At least two persons admitted at the Lagos University Teaching Hospital (LUTH) and being treated for Lassa fever have died. This was confirmed by the hospital’s Chief Medical Director, Professor Chris Bode. Each of victims presented very late died in spite of efforts to salvage them. The first was a 32-year old pregnant lady with bleeding disorder who died after a stillbirth. Post-mortem examination had been conducted before her Lassa fever status was eventually suspected and confirmed. No less than 100 different hospital workers exposed to this index case are currently being monitored, Prof Bode said in

By Modupe Gbadeyanka Season two of Ecobank Super Rewards promo has commenced and 50 customers of the bank will get cash prizes every week, a statement from the lender has said. It was disclosed that the campaign was brought back due to popular demand from customers, who said they were impressed with the excitement generated in season one. According to Ecobank Nigeria, the campaign will run for four months between October 2021 and January 2022 and will produce 800 winners who will get N25,000 weekly. In addition, four millionaires will emerge in each of the four delineated regions of Lagos,

Whether a sale is imminent or coming sometime in the future, every business should have a current valuation. Like business plans and resumés, valuations allow owners to leverage opportunities, protect their interests, and move quickly once they decide to sell. Here, we’ll outline a few things business owners and potential sellers should know about the valuation process. Find the Right Reasons for Valuation An accurate valuation is essential for various reasons. First, it keeps an owner from losing money, and second, it may work to reassure a reluctant buyer. Before working with a brokerage and obtaining a valuation, clean up

By Leadership Five commercial banks operating in Nigeria have been sanctions by the apex financial sector regulating bodies in Nigeria, Central Bank of Nigeria (CBN) and Securities and Exchange Commission (SEC), Leadership newspaper is reporting. The banks were fined N213.7 million between January and June 2017 over 26 market infractions. The sanctions vary from commercial banks failure to detect single Biometric Verification Number (BVN) wrongly linked to accounts owned by different individuals, late rendition of Returns to CBN, failure to comply with CBN’s Know-Your–Customers (KYC) requirement, among others. Of the five commercial banks, two leading banks in the country were

By Investors Hub European stocks rebounded after recent losses on Thursday as oil held steady, the dollar bounced back from four-week lows and investors kept an eye on U.S. tax reform developments. The day’s economic reports proved to be a mixed bag, with Eurozone inflation slowing slightly as initially estimated in October, while U.K. retail sales rose slightly faster than expected in the month. The pan-European Stoxx Europe 600 index was up 0.7 percent at 384.53 in late opening deals after closing half a percent lower in the previous session. The German DAX was rising 0.6 percent and France’s CAC