Author: Yetty
Yetty
Yetty is an entertainment blogger with skin in the game. She knows her way around the industry and thrives to promote and share binge-worthy contents. She is one of the best bloggers out there.
Sundry Markets Limited, the owners of the ubiquitous Marketsquare retail chain in Nigeria, has reason to celebrate. The company has been recognized by the prestigious Financial Times (FT) as one of Africa’s top 50 fastest-growing companies for 2024. This feat underscores Sundry Markets’ remarkable journey and its significant contribution to Nigeria’s evolving retail landscape. The FT-Statista ranking, compiled annually, identifies and celebrates high-growth companies across Africa. These companies demonstrate exceptional innovation, resilience, and a commitment to driving economic progress on the continent. Sundry Markets’ inclusion on this coveted list is a testament to its impressive growth trajectory and its ability…
Stakeholders from across Nigeria’s environmental, industrial, and consumer landscape gathered for a crucial dialogue – one focused on tackling the silent but mounting threat posed by unsustainable packaging. The event, held on World Environment Day (June 5th, 2024), underscored the growing urgency of addressing Nigeria’s packaging crisis. Consumption patterns are rapidly changing, with Nigerians increasingly relying on packaged goods. While this trend fuels economic growth in the manufacturing sector, it leaves a trail of plastic waste choking waterways, overflowing landfills, and threatening ecosystems. The Numbers Tell a Story The statistics paint a concerning picture. Nigerians consume an estimated 100 million…
The Lagos Landmark Events Centre pulsed with the energy of a continent on the rise. From June 22nd to 24th, 2024, the African Technology Expo (ATE2024) unfolded, showcasing a dynamic display of cutting-edge innovations and fostering critical collaborations that promise to shape the future of Africa. A Gathering of Minds: Startups, Tech Giants, and Investors Converge ATE2024 served as a vibrant melting pot, bringing together a diverse range of stakeholders. Aspiring tech startups with groundbreaking ideas mingled with established tech giants showcasing their latest products. Savvy investors scouted for the next big thing, and government representatives explored ways to support…
Nigeria, Africa’s most populous nation, faces a significant challenge: a ballooning domestic debt burden. While the federal government grapples with its own fiscal woes, the situation in some Nigerian states is particularly concerning. This article explores the five states with the highest domestic debt in Nigeria as of 2024, highlighting the factors contributing to their predicament and the potential consequences. 1. Lagos State: A Debt Giant with Ambitious Plans Lagos State, Nigeria’s commercial hub and most populous state, unsurprisingly tops the list. As of March 2024, Lagos’ domestic debt stood at a staggering N929.41 billion (approximately $2.18 billion). This massive…
Nigerian investors endured another day of losses on the Nigerian Stock Exchange (NGX) on Tuesday, June 25th, 2024. The All-Share Index (ASI), the benchmark index for the Nigerian stock market, dropped by 0.09%, translating to a loss of 87 points and closing at 99,217.60 points. This decline follows a negative trend observed in the second quarter of 2024, raising concerns about the overall health of the Nigerian stock market. Losses Mount: N49 Billion Vanishes The Tuesday decline resulted in a collective loss of N49 billion ($115 million) in market capitalization. This figure may seem abstract, but it represents the combined…
Nigeria’s public debt burden continues its relentless climb, raising concerns about the country’s long-term fiscal sustainability. According to data released by the Debt Management Office (DMO) on June 1st, 2024, Nigeria’s total public debt stood at a staggering N121.67 trillion ($285 billion) as of March 31st, 2024. This represents a significant increase of N4.8 trillion ($11.2 billion) compared to the figures reported at the end of December 2023. Domestic Debt Dominates: Lagos Takes the Lead While the total debt figure is cause for concern, a deeper analysis reveals a worrying trend: domestic debt continues to outpace external debt. As of…
Shoprite, the South African retail giant known for its vast product selection, has announced the closure of its Wuse Zone 5 branch in Abuja, effective June 30th, 2024. This unexpected move has sent shockwaves through the Nigerian retail sector, prompting questions about the company’s future in Nigeria and the broader health of the retail landscape. A Sudden Closure: Uncertainty for Employees and Customers The news of the closure came as a surprise to both employees and customers. A circular signed by Shoprite’s CEO, Dr. Folakemi Fadahunsi, attributed the decision to a “thorough evaluation of the store’s financial situation and the…
Tech giant Infinix, known for its innovative smartphones, recently joined forces with I-Fitness, one of Nigeria’s leading gym chains, to host an exciting fitness event on Saturday, June 22nd, 2024, at the I-Fitness Gym on Acme Road, Ogba, Lagos. This unique collaboration brought together tech enthusiasts and fitness aficionados for a day of exercise, entertainment, and community building. Aligning for a Healthier Lifestyle: Infinix XClub and I-Fitness Join Forces The event, titled “Infinix XClub Partners with I-Fitness: Come on a Fitness Journey with Us,” served as a testament to Infinix’s commitment to promoting a healthy lifestyle amongst its XClub members.…
Nigerian football star Rasheedat Ajibade is basking in the glow of a phenomenal season. The Super Falcons attacker was recently crowned Player of the Season at her Spanish club, Atlético de Madrid Femenino. This prestigious accolade caps a year filled with dazzling displays and crucial contributions for both club and country. Ajibade took to social media to express her gratitude for the award. Her message resonated with humility and a strong sense of shared accomplishment: “To God be the glory! So incredibly honored to be named Atlético de Madrid Femenino Player of the Season. This wouldn’t be possible without the…
Samuel Eto’o, the legendary Cameroonian footballer and current president of the Cameroonian Football Federation (FECAFOOT), has ignited a firestorm within African football. Following a disciplinary hearing regarding historical match-fixing allegations, Eto’o announced his intention to sue the Confederation of African Football (CAF). This unprecedented move throws a wrench into CAF’s anti-corruption efforts and raises serious questions about due process and public perception. Eto’o, a four-time African Footballer of the Year, vehemently denies any wrongdoing. He views the hearing and subsequent media coverage as a tarnishing of his reputation, both on and off the pitch. “I have mandated my lawyers to…