Author: Blessing Zubairu

Drivers operating on LagRide, the Lagos State–backed mobility platform, have voiced concerns over what they describe as onerous financial obligations and insufficient passenger demand on the app. According to several drivers speaking to Technext on the condition of anonymity, the platform requires daily remittances ranging from ₦70,000 to ₦100,000, a figure many say is almost […]

Valency Agro Nigeria Limited has taken a major step in strengthening its position as a leading agro-processing and export company in Nigeria, following the successful completion of a N13 billion Commercial Paper (CP) issuance approved by the Securities and Exchange Commission (SEC). The issuance, which forms part of a broader N40 billion CP programme, was […]

Retail Supermarkets Nigeria Ltd, the operator of Shoprite stores in Nigeria, has clarified that its Lekki outlet at The Palms Shopping Mall remains fully operational and has not been sealed by the Lagos State Internal Revenue Service (LIRS), contrary to recent reports. In a statement issued on Thursday, Chief Strategy Officer Bunmi Adeleye emphasized that […]

Jetour Nigeria Showcases AI-Enhanced and Eco-Friendly SUVs at Abuja International Motor FairAbuja Jetour Nigeria emerged as one of the most captivating exhibitors at the 25th Abuja International Motor Fair, drawing significant attention with its range of AI-enhanced and eco-friendly SUVs, including the limited edition T2 Plug-in Hybrid Electric Vehicle. The company’s presence underscored its growing […]

FairMoney, a leading microfinance bank in Nigeria, has officially launched FlexiCredit, a flexible and premium credit line designed to meet the evolving financial needs of Nigerian professionals. The new product offers approved users access to funds of up to ₦5 million, allowing withdrawals directly through the FairMoney app at any time, with interest charged only […]

TotalEnergies Marketing Nigeria Plc has signed a strategic agreement with Conoil Producing Limited to exchange stakes in two significant offshore oil blocks, a move that is expected to bolster both companies’ operational focus and resource portfolio in Nigeria’s oil and gas sector. Under the terms of the transaction, TotalEnergies will acquire a 50% operated stake […]

The Nigerian Maritime Administration and Safety Agency (NIMASA) has confirmed that its newly launched Maritime Labour E-Platform fully aligns with international standards set by the Maritime Labour Convention (MLC) 2006, also known as the “Seafarers’ Bill of Rights.” The initiative, aimed at promoting fair working conditions, social security, and health protection for maritime workers, underscores […]

TikTok has removed 3,780,426 videos in Nigeria between April and June 2025 for violating its Community Guidelines, according to the company’s latest enforcement report unveiled at the West Africa Safety Summit in Dakar. Although Nigeria represents a relatively small proportion of TikTok’s global user base, the figure accounted for approximately 2 percent of total worldwide […]

The Central Bank of Nigeria (CBN) has issued a stern warning to the public, clarifying that Zuldal Microfinance Bank Limited is not licensed to operate in the country and has no authorisation to carry out any banking or microfinance activities. This advisory comes in response to reports that Zuldal Microfinance Bank, which claims to have […]

Abuja-based communications firm, Drawbridge CM, has announced a strategic partnership with iNT Agencies, a global network of more than 40 full-service agencies, in a move aimed at strengthening its international footprint and enhancing the range of services offered to clients. The partnership will give Drawbridge CM access to iNT Agencies’ network across more than 30 […]