Business

Nigerian Company, Ketron, Buys Shoprite Stores

Nigerian company, Ketron, Acquires Shoprite Stores – Ketron Investment Limited, a Nigerian firm has completed the acquisition deal of Retail Supermarkets Nigeria Limited (RSNL), owner and operator of the Shoprite stores in Nigeria. Ketron is…

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Okonjo-Iweala resumes as WTO boss

Ngozi Okonjo-Iweala takes over the World Trade Organization on Monday amid hopes that she will spur the beleaguered body into addressing its towering challenges, including the pandemic-fuelled global economic crisis. “The WTO is too important…



FG Swaps Stamp Duty For N50 Electronic Transfer Levy

Consequent upon the outlawing of stamp duty on electronic bank transfer by the Court of Appeal, the Federal Government, through the Finance Act 2020, has introduced Electronic Money Transfer Levy.Finance Act 2020, which was recently…


Kuda Raises $10 Million in Seed Funding

Kuda, a startup out of Nigeria that operates a popular mobile-first challenger bank for consumers has announced that it has raised $10 million — the biggest seed round ever to be raised in Africa. According…



Naira set to gain as CBN resumes forex sales

The resumption of forex sales to the Bureau De Change operators by the Central Bank of Nigeria on Monday (today) will strengthen the exchange rate of the naira to the dollar according to the operators….


Shoprite to leave Nigeria

South African Company, Shoprite Holdings Limited, says it will auction off its outlets in Nigeria, The PUNCH has learnt. This is coming about 15 years after it opened its first store in Lagos in December 2005. The…