₦airaland Forum

Cameroonian, Alain Nkontchou, Now Owns 5.13% Of Ecobank After Parting With N917.54m

Alain Nkontchou, the chairman of Ecobank Transnational Incorporated (ETI), has acquired new shares to increase his controlling stake in the financial institution.

Prime Business Africa gathered that Nkontchou acquired 62.33 million shares through his investment vehicle, Enko Opportunity Growth Fund, between June 14 to June 26, 2023.

In a corporate disclosure obtained on Saturday, but dated July 20, 2023, Ripples Nigeria learnt that Nkontchou spent N917.54 million to acquire the 62.33 million shares.

The acquisition raised the total shares held by the Cameroonian in ETI to 942.54 million as of June 26, 2023, up from 880.21 million shares held at the end of 2022.

After the acquisition, Nkontchou’s total investment value also rose to N13.90 billion as of Friday, July 20, 2023. This is higher than the N9.33 billion his investment was valued at the end of last year.

To read more, click on the link below
https://www.primebusiness.africa/cameroonian-alain-nkontchou-now-owns-5-13-of-ecobank-after-parting-with-n917-54m/

A jealous lover has shot dead his former girlfriend’s new fiancé and then shot himself on the head in front of his horrified ex outside a hotel in Poland.
Mikołaj Bachosz killed Kordian Domagała on Monday night, who had just gotten engaged to Julia Harmacińska, Bachosz’s ex-girlfriend, two weeks ago.
Disturbing pictures taken outside a city centre hotel in the picturesque tourist district of Poznan, Poland, show Domagała lying on the floor as his distraught 20-year-old fiancée crouches over him.

She was visibly distressed and started screaming for help when Bachosz fired another shot into her fiancé lying on the ground. Bachosz then shot himself in the head.

To read more, click on the link below
https://www.primebusiness.africa/video-jealous-love-rival-murders-ex-girlfriends-new-fiance-shoots-self-in-poland/

In a monumental stride towards bolstering its ambitious Kuiper project, renowned technology behemoth, Amazon, has embarked on the construction of a cutting-edge processing facility at NASA’s Kennedy Space Center in Florida.
This venture, estimated to cost $120 million, is a pivotal component of Amazon’s comprehensive $10 billion investment pledge for the Kuiper project. Designed to propel a network of 3,200 low Earth-orbiting satellites for delivering global broadband internet connectivity, the Kuiper internet network is poised to rival the likes of Starlink, the brainchild of SpaceX’s visionary entrepreneur, Elon Musk. With a strategic alignment to augment Amazon’s unparalleled web services prowess, the Kuiper initiative holds the promise of transforming the digital landscape.
A $120 Million Processing Facility Unveiled
The core of Amazon’s audacious endeavor lies in the construction of a prodigious 100,000-square-foot processing facility at the esteemed NASA’s Kennedy Space Center. This formidable facility will serve as a crucial hub for Amazon’s multitude of Kuiper internet satellites, serving as their final destination before embarking on their celestial journey. It is an integral part of the comprehensive Kuiper project, which envisions a revolutionary network that will traverse the expanse of low Earth orbit, beaming broadband internet to every corner of the globe.
To read more, click on the link below
https://www.primebusiness.africa/amazon-builds-120m-facility-at-nasas-space-center-in-florida-for-kuiper-internet-satellites/

Nigeria, a land of diverse culture and vibrant landscapes, is home to adventurous souls seeking to explore the beauty beyond its borders. In this article, we will delve into 15 ways Nigerians can embark on international adventures and answer three frequently asked questions about international travel.

Obtain a Valid Passport: The first step to travel abroad is to secure a valid Nigerian passport. Ensure your passport has sufficient validity before your planned departure.

Apply for a Visa: Research the destination country’s visa requirements and submit a visa application accordingly. Some countries offer visa-free or visa-on-arrival options for Nigerian citizens.

Book Flights: Compare flight prices and book tickets in advance to secure the best deals for your international journey.

Explore Work Opportunities: Consider international job opportunities, as some countries offer work visas for skilled workers from Nigeria.

Student Exchange Programs: Enroll in student exchange programs or pursue higher education abroad through scholarships and study grants.

Volunteer Programs: Join volunteer organizations that offer opportunities to travel abroad while contributing to meaningful causes.

To read more, click on the link below
https://www.primebusiness.africa/15-ways-to-travel-abroad-from-nigeria/

In a bold and transformative move, the billionaire entrepreneur and Twitter owner, Elon Musk, recently unveiled his intention to revolutionize the social media landscape. This ambitious undertaking involves a comprehensive rebranding of the Twitter platform, with the iconic blue bird logo soon to be supplanted by a novel emblem – a sleek and stylized X.

This visionary decision by Musk comes in the wake of a compelling acknowledgment of the challenges facing the company, including the sluggish return of advertisers and a notable decline in advertising revenue, which currently stands at a mere fraction of its former glory. Coupled with the weight of substantial debt, this predicament has had an adverse impact on Twitter’s cash flow.
The Impetus for Change
Recognizing the pressing need for a strategic pivot, Musk endeavors to chart a new trajectory for Twitter, one that not only addresses the prevailing setbacks but also ushers in a radical metamorphosis of the platform. While the transition remains incipient and may not yet be evident on the website, Musk’s recent candid admission regarding the faltering advertising revenue underscores the urgency of the situation. Moreover, the platform’s financial health has been undermined by the confluence of these adversities, exacerbating the gravity of the predicament at hand.

To read more, click on the link below
https://www.primebusiness.africa/elon-musk-announces-ambitious-rebranding-of-twitter-logo/

Investors in UPL, Ikeja Hotels and other equities on the gainers list pocketed N94.46 billion on Thursday after the market capitalisation rose from N34.71 trillion to N34.81 trillion.

The All-Share Index inched higher by 173.49 basis points to 63,930.72 ASI, from 63,757.23 ASI.
The value of the 1.35 billion shares traded in 7,179 deals on Thursday was N18.06 billion, contrasting with the 473.49 million shares exchanged in 7,403 deals, worth N10.08 billion on Wednesday.

Top five gainers
UPL’s share appreciated by N0.22 kobo to rise from N2.20 kobo to N2.42 kobo per share.
Eunisell grew by N0.22 kobo, up from N2.21 kobo to N2.43 kobo per share.
Academy ended trading with N2.43 kobo from N2.21 kobo per share, rising by N0.22 kobo.
Chellarams gained N0.21 kobo to end trading at N2.33 kobo, having opened with N2.12 kobo per share.
Ikeja Hotel’s stock was up by N0.24 kobo, closing at N2.80 kobo from N2.56 kobo per share.

To read more, click on the link below
https://www.primebusiness.africa/investors-pocket-n94-46bn-in-nigerian-stock-trading/

MTN Nigeria and Airtel outperformed Globacom and 9mobile in the first five months of 2022, as the telecommunications industry recorded a 4.76 million increase in the number of active data subscribers.

The number of active subscribers for internet services rose 3.08 per cent, according to an analysis of NCC data by Prime Business Africa, to 159.03 million at the end of May 2023, up from the 154.27 million data subscribers the industry closed with last year.
MTN Nigeria – 49.38 per cent
MTN Nigeria accounted for 49.38 per cent of the total data subscribers recorded by the industry between January to May.

The Y’ello network gained the highest compared to its industry’s rivals, as 2.35 million internet users subscribed to MTN within five days.
This increased MTN Nigeria’s data subscriber base by 3.58 per cent during the period in review. The company’s internet users rose to N67.97 million, from 65.61 million.
Prime Business Africa gathered that the 3.58 per cent increase was enough for MTN Nigeria to close the review period as the network provider with the largest internet subscriber base.
MTN also increased its internet service market share, based on number of subscribers, to 42.73 per cent, from 42.53 per cent.

To read more, click on the link below
https://www.primebusiness.africa/data-war-analysis-globacom-loses-data-market-share-over-300000-subscribers-stop-using-9mobile-internet-service/

Get ready for an exhilarating television experience as the highly anticipated 8th edition of the Big Brother Naija (BBNaija) reality TV show returns to our screens with a bang. Set to premiere on Sunday, July 23, 2023, the new season, known as the “All Star season,” is generating massive excitement among fans and viewers alike.

This season promises to be nothing short of spectacular, as these 10 likely ex-housemates may make their much-anticipated comeback to the Big Brother house.
These familiar faces would captivate audiences with their unique personalities, strategies, and undeniable charm, vying for the ultimate prize of N120 million Naira, alongside other consolidation prizes.

Below is a list of 10 Likely Ex Housemates Coming Back To Our Screen In New Big Brother All-Stars Show

For more information, click on the link below
https://www.primebusiness.africa/10-likely-ex-housemates-returning-for-bbnaija-all-stars-show/

Justice Inyang Ekwo of the Federal High Court, sitting in Abuja, said it will issue an arrest warrant against the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

Emefiele has failed to appear before the court for every date scheduled, thereby delaying judgement in the Paris Club refund case involving a judgement fund of $53 million.

The amount is the balance of the $70 million the court ordered the judgement debtors; CBN, Emefiele, Linas International Ltd and the Minister of Finance to pay legal counsel, Joe Agi.

According to reports, the judgement debt was awarded to Agi for his role in the Paris Club refund, but only $17 million has been paid.

Several dates have been set for the appearance of Emefiele since October 20, 2022. From January 18, 2023, to March 20, then June 6 and July 19, but Emefiele remained absent, prompting Justice Ekwo to threaten him with an arrest warrant.

To read more, click on the link below
https://www.primebusiness.africa/emefiele-risks-another-arrest-over-53-million-judgement-debt/

The Central Bank of Nigeria (CBN) has been advised to discontinue the foreign exchange (forex) restriction placed on 43 items in the official market.

According to the Lagos Chamber of Commerce and Industry (LCCI), the 43 items banned from accessing foreign exchange in the Investors’ and Exporters’ window are part of the factors contributing to the widening gap between the official and black market rates.
Note that on Wednesday, the dollar was offered at a rate of N793.70/$1 in the Investors’ and Exporters’ window, but the USD was sold at N816.6/$1 in the black market, indicating N22.9 kobo gap in both prices.

Recall that in June 2015, the CBN announced that importers of rice, cement, fertilizers, poultry chickens and turkeys, and palm oil, amongst others, will no longer get forex in the official market.

CBN said the decision was made in order to support local producers of the products and ensure the efficient utilisation of the foreign exchange.

To read more, click on the link below
https://www.primebusiness.africa/factors-expanding-gap-between-official-black-market-rates-revealed/

The Federal Competition and Consumer Protection Commission (FCCPC), an agency of the Federal Government, has warned trade associations against hiking food prices.

FCCPC made the warning after the National Bureau of Statistics (NBS) reported that food inflation hit 25.25 per cent in June, up from 24.82 percent in May.
Also, a state of emergency on food insecurity had also been declared by President Bola Tinubu to curb food inflation and ensure stability in food prices.

In a forum held on Tuesday, themed; ‘Fair food prices in Nigeria: A high-level forum for better competition,’ FCCPC chief executive, Babatunde Irukera, said the market will be monitored and prosecute associations that fix prices.

He said the informal market needs to regulate the informal market, as some cabals in the market are engaging in anti-competitive practices.

For more information, click on the link below
https://www.primebusiness.africa/fg-to-prosecute-traders-increasing-food-prices/

What began as a blessing in disguise for FBN Holdings’ shareholders and the company might end up becoming a nightmare that would cost stakeholders billions of naira, Prime Business Africa has learnt.
In the first week of July, when reports began to circulate that a deep-pocket investor was buying a large volume of FBN Holdings’ shares, the value of the equity rose by 21.5 per cent within five days, building on the 63.1 per cent bullish run recorded in the first half (H1) of 2023.

Amid the report, which disclosed that Barbican Capital Limited, owned by Oba Otudeko, is the investor mopping up shares, FBN Holdings’ share hit a peak of N22.30 kobo.

It was the highest level in the last 10 years, as the momentum was on its way to pushing FBN Holdings into the trillionaire club in the stock market, after its market capitalisation rose from N658.67 billion on Monday, July 3, to N800.46 billion on July 10.

However, this feat was short-lived, as reports began to emanate from FBN Holdings that the board and the majority shareholders they represent are moving against Otudeko, finding ways to fight off his hostile takeover and ensure he exits the company.

Ripple effect of rift among largest and majority shareholders
Prime Business Africa learnt that the dispute could impact FBN Holdings’ operations, considering Otudeko’s presence would trigger a change in the board, and shares of investors could also be at the receiving end as well.

Also, concerns have been raised that the rift might not harm FBN Holdings alone, but also impact the mood of the Nigerian stock market, especially foreign investors.

“The ongoing dispute between Oba Otudeko and FBN Holdings raises concerns about how the bank is governed. It’s still too early to fully understand the impact this will have on the Nigerian banking sector and the overall economy.

“However, it could harm Nigeria’s reputation as an attractive destination for foreign investors, as they might see it as a sign of instability in the financial sector,” Senior Investment Research Analyst, Charles Abuede said.

Note that FBN Holdings had contributed significantly to the growth of the stock market in recent weeks, as it became an investable asset for many investors, but since the dispute began to tank FBN Holdings’ share, down by 29.14 per cent between Monday’s closing price of N22.3 kobo and Friday’s N15.8 kobo, the stock market is also down by 4.44 percent, with the All-Share Index shedding 2,920.35 basis points between Wednesday and Thursday.

To read more, click on the link below
https://www.primebusiness.africa/oba-otudekos-hostile-takeover-understanding-problems-facing-fbn-holdings/

The naira to dollar rate in the investors’ and exporters’ window closed at N746.2/$1 on Thursday, as the value of the United States currency dropped by 4.63 per cent.

Prime Business Africa learnt that authorised dealers were willing to drop the price of United States Dollar by N36.29 kobo, from Wednesday’s N782.49/$1.

Although, before the curtain was drawn down on Thursday’s session, the dollar rate had circled around N818/$1, the highest price for the day, and N730/$1, the lowest the USD was sold.

Both authorized dealers and their clients traded $90.52 million in foreign exchange, against the $87.38 million they transacted the previous day.

To read more, click on the link below
https://www.primebusiness.africa/official-naira-to-dollar-rate-slumps-black-market-sells-usd-at-higher-price/

Montepio Holding SGPS S.A has completed the sale of its stake in Finibanco Angola S.A to Access Bank, the subsidiary of Access Holdings.

Access Bank acquired 51 per cent, which is a majority stake in Finibanco Angola, giving the Nigerian lender access to influence key business decisions of the Angolan firm.

Access Holdings announced the completion of the deal on Thursday in a statement sent to the stock market authority, Nigerian Exchange Limited (NGX), and shareholders.

Both companies have received approval from their respective regulators, Banco Nacional de Angola, the Central Bank of Nigeria (CBN) and the Angolan Competition Authority.

“Further to our announcement on May 2, 2023 on the above subject, Access Holdings Plc (‘Access Holdings’) is pleased to announce the completion of acquisition of majority equity stake in Finibanco Angola S.A, by its flagship subsidiary, Access Bank Plc (‘the Bank’),” the
statement reads.

To read more, click the link below
https://www.primebusiness.africa/montepio-holding-finally-sells-majority-stake-in-finibanco-to-access-bank/

The National Public Relations Officer (PRO) of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Yakubu Suleiman, has accused the Petroleum Tanker Drivers (PTD) association of sabotaging fuel distribution.

Suleiman said petroleum tanker drivers illegally imposed N23,000 levy on fuel distribution, charging the fee on each truck loaded at the depot.

IPMAN’s spokesperson asked for the intervention of the federal government and the Nigerian National Petroleum Company (NNPC) Limited to bring an end to what the oil marketers described as illegal fees.

He hinted that the extortion by petroleum tanker drivers has been ongoing for about 10 years despite pleas, and this has been affecting the oil marketers’ profit margins.

“We have been fighting extortion by petroleum tanker drivers for about 10 years now and we have been telling them that this market is based on profit but our pleas have fallen on deaf ears,” he said in a report by NAN.

To read more, click the link below
https://www.primebusiness.africa/oil-marketers-accuses-petrol-drivers-of-sabotaging-distribution-with-n23000-illegal-levy/

FMDQ Exchange, the official market aggregator, reported the naira to dollar exchange rate closed at N782.49/$1 on Wednesday.

The United States Dollar was sold at a lower rate compared to the N788.42/$1 rate the American greenback cost on Tuesday.

While this indicates the value of the Nigerian currency rose in the investors’ and exporters’ window, FMDQ disclosed that the naira to dollar rate had also traded at a high of N806/$1 during the session and a low of N690/$1.

According to the report, at the end of trading, the foreign exchange traders in the investors’ and exporters’ window transacted $90.52 million worth of forex.

This is more than the $68.10 million investors and exporters traded the day before. The transactions increased by $22.42 million or 32.9 per cent within two days.

To read more, click on the link below
https://www.primebusiness.africa/official-dollar-rate-surpasses-n800-usd-pound-euro-prices-rise-in-black-market/

Flutterwave, the Nigerian fintech company, has launched a payment platform called ‘Tuition’ aimed at enhancing access to foreign currencies, addressing exchange rates problems and surmounting the daunting challenge of paying school fees by international students.
In a statement on Tuesday, Flutterwave said with the new platform, international students can now pay their school fees within 48 hours, using their local currencies. It will eliminate time loss the and anxiety inherent in not meeting the tuition payment deadlines.
Nigeria has been badly hit by a worsening forex scarcity since 2021. Overseas students have had a huge share of the impact as parents and guardians groan in meeting up tuition payments. Traders Pay More For Forex As Dollar Rate Rises In Official, Black Markets.
Tuition is a cross-border payment platform that allows students or their guardians to pay their school fees directly to their university’s account within 48 hours, using their local currency or any currency they choose. It is a payment platform for African students studying anywhere within the continent or abroad.
The statement said, “We are excited to launch Tuition to support the dreams of African students across all levels who want to study anywhere without worrying about how to meet the deadline for their school fees payment. Flutterwave Bags CBN’s Highest Payments Processing License
To read more, click on the link below
https://www.primebusiness.africa/flutterwave-launches-new-payment-platform-for-international-students/

In his attempt to compete with Open AI, the creator of ChatGPT, which he accuses of being politically biased and irresponsible, Elon Musk, on Wednesday, launched his own artificial intelligence company, xAI.
According to the xAI website, the Tesla tycoon will run the company separately from his other companies but the technology developed will benefit those businesses, including Twitter.
“The goal of xAI is to understand the true nature of the universe,” the website said.
Musk on Twitter said that the new company aimed to “understand reality” and answer life’s biggest questions. Elon Musk’s Tesla Pi Phone: All The News And Rumors So Far
The startup is staffed by former researchers from OpenAI, Google DeepMind, Tesla and the University of Toronto.
The team is to be advised by Dan Hendrycks, who currently leads the Center for AI Safety, a San Francisco-based organization that warns against developing AI too quickly.
Hendrycks also initiated the open letter to global leaders in June that warned AI was a risk to human existence on par with pandemics and nuclear war.

For more information, click on the link below
https://www.primebusiness.africa/elon-musk-launches-xai-to-rival-open-ai-google/

Since its establishment in 2006, the Headies Awards has served as a vital platform for recognizing the achievements and progress of the Nigerian music industry. As the most coveted prize in Nigerian music, the Headies has played a significant role in documenting the strides made by artists in the industry.

On July 12, 2023, the Headies Academy revealed the highly anticipated nomination list for the 2023 Next Rated category, which highlights the emerging talents set to make their mark on the Nigerian music scene.

Topping the list is Asake, who enjoyed an extraordinary run in 2022 with a string of chart-topping singles. His exceptional success culminated in the release of his highly acclaimed debut album, ‘Mr Money With The Vibe.’ Asake’s undeniable talent and unique sound have captured the attention of music enthusiasts and industry insiders alike.

Young Jonn, the prolific producer-turned-artist, secures a spot on the list following a remarkable 2022. Known for his hit singles ‘Dada’ and ‘Xtracool,’ Young Jonn demonstrated his versatility and ability to create infectious tracks that resonate with audiences.

To read more, click on the link below
https://www.primebusiness.africa/headies-awards-2023-asake-young-jonn-others-nominated-as-next-rated-artists/

RePremier League side West Ham are now said to be “ready” to sign off on the sale of Declan Rice to Arsenal but are waiting on lawyers at the Emirates.

The £105million total package has been agreed after haggle over the pay structure held up the deal, but the payment structure on the guaranteed £100m is now expected to see the money arrive in three lots by summer 2025.

According to the update from Sky Sports: “West Ham are ready to sign the contracts for Declan Rice to become an Arsenal player.

“The Hammers are waiting for Arsenal’s lawyers to approve the final wording of the deal and, once that is done, they will sign and Rice will complete his move to north London.
“Arsenal are hopeful of completing the signing of Rice before the squad flies to the USA for their pre-season tour on Sunday.”

The Gunners are currently in Germany in the first installment of their pre-season preparations ahead of next season.

Mikel Arteta’s team is expected to play German side Nuremberg in a friendly game on July 13 before heading to the United States.

To read more, click on the link below
https://www.primebusiness.africa/west-ham-united-await-arsenal-lawyers-go-ahead-for-rices-sale/

The Federal Government is planning to meet with members of the Organisation of the Petroleum Exporting Countries and its non-OPEC partner, Russia, in November to renegotiate Nigeria’s crude oil output.

According to the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, on Tuesday, Nigeria has the capacity to produce 2.1 million barrels per day (bpd), which is more than the quota given to Nigeria to produce.

Recall that OPEC had reduced Nigeria’s crude oil quota to around 1.380 million barrels per day for the 12 months period next year, from the 1.8 million bpd given to the West African country in 2023.

The reduction followed Nigeria’s inability to meet the quota, as the country has been producing under 1.3 million bpd, with its last crude oil production output being 1.18 million barrels per day in May, according to Direct Communication.

To read more, click on the link below
https://www.primebusiness.africa/fg-opec-to-renegotiate-crude-oil-output-after-nigerias-failure-to-meet-quota/

nvestors and exporters traded $68.10 million in foreign exchange on Tuesday, dropping the value of transactions by 30.28 per cent.

This represents a shortfall of $29.59 million, as foreign exchange traders recorded a $68.10 million forex transaction in the official market, against the $97.69 million traded on Monday.

The value of transactions fell following an increase in the price of the United States Dollar (USD), which was sold at the rate of N788.42/$1.

Prime Business Africa gathered from FMDQ Exchange data that the price of the dollar was raised by N44.35 kobo or 5.96 percent, from the previous day’s N744.07/$1 rate.

But the data revealed that the day’s highest and lowest rates are N803/$1 and N730/$1, respectively, before the naira to dollar closed at N788.42/$1.


To read more, click on the link below
https://www.primebusiness.africa/forex-transactions-fall-as-dollar-euro-and-pound-cost-buyers-more/

The Federal Government has reopened six land borders, according to the acting comptroller-general of the Nigerian Customs Service (NCS), Wale Adeniyi.

Adeniyi said four land borders were initially reopened but later, activities resumed in two others. He added that the reopening of the six borders was strategic.

The acting comptroller-general, who gave the update after a meeting with President Bola Tinubu on Tuesday, stated: “Well, it is not true that all Nigerian borders have been opened. The status quo ante still exists in the borders.

“If you remember that the borders were completely shut down in 2018 up until 2022 when some selected strategic borders were reopened, that is still the situation as we speak.”

“And this was why we had an ad hoc arrangement of a special unit coordinated by the office of the NSA (national security adviser) to enforce that border closure. But as we speak, about five of them have been reopened.”
Giving an update on the status of the remaining closed land borders, Adeniyi said the government is reviewing the objectives of the closure by President Muhammadu Buhari.

Recall that the land borders were closed during Buhari’s administration in a bid to tackle the smuggling of fuel from Nigeria to other African countries and support local production of rice within the country.

Continuing, Adeniyi said: “Four were initially reopened and two more were opened after that. And that is still the situation. There are ongoing processes to review this situation against the objective of the border closure itself.

“And the processes are not yet completed. And of course, when the borders are reopened, it’s not going to be subject of rumour in any way.”

To read more, click on the link below
https://www.primebusiness.africa/fg-reopens-six-land-borders-to-probe-reasons-buhari-closed-borders/

As the 5G network gains traction in Africa, more countries, including Nigeria, are embracing this high-speed broadband technology. With major service providers like MTN and Mafab launching 5G in Nigerian cities, it’s important for Nigerians to have access to affordable smartphones that support this network.

In this article, we present a list of ten 5G-compatible phones that meet the average user’s expectations without breaking the bank. These devices offer decent battery power, impressive camera capabilities, and other essential functionalities.

Best of all, they are priced below 200,000 Naira, ensuring that Nigerians can enjoy the benefits of the 5G network without compromising their budget or sacrificing quality.

Infinix Note 12 Pro
The Infinix Note 12 Pro 5G is a product of Infinix, a brand popular for making quality devices available at mid-range prices. The Infinix Note 12 Pro 5G Android Smartphone was announced in July 2022.

Here are some of its features.

Price: ₦197,000 – ₦207,000

Battery: 5000 mAh Non-removable Li-Po Battery

Camera: 108 MP (wide) + 2 MP (macro) + 2 MP (depth) Tripple Rear Camera – 16 MP Front Camera

Display: 6.7 inches AMOLED Display, 1080 x 2400 pixels (~393 ppi density), ~85.6% screen-to-body ratio

Fingerprint Scanner: Yes, Fingerprint Sensor (side-mounted)

Network: 5G, 4G, 3G

Operating System: Android 12, XOS 10.6

Processor: MediaTek MT6833P Dimensity 810 (6 nm) Octa Core Processor

RAM: 8 GB RAM

SIM: Dual SIM (Nano-SIM, dual stand-by)

Storage Capacity: 128 GB

Nokia X20
Top 10 Cheapest 5G Phones In Nigeria 2023

To read more, click on the link below
https://www.primebusiness.africa/top-10-cheapest-5g-phones-in-nigeria-2023/

Navigating the complexities of modern relationships can be challenging, and sometimes individuals find themselves unknowingly caught in unhealthy situations. One such situation is being the “side chick” in a relationship—an unfortunate position where one person is involved with someone who is already committed to someone else.

If you suspect you might be in this situation, here are eight telltale signs to help you identify if you are the “side chick” in a relationship.

Limited Availability And Secrecy
One significant sign is the limited availability of your partner, particularly during specific times like weekends or evenings. If they often cancel plans or refuse to introduce you to their close circle, it could indicate they are keeping your relationship under wraps.

Inconsistent Communication
If your partner is inconsistent in their communication, such as frequently ignoring your calls or only replying at odd hours, it may suggest they are juggling multiple relationships and unable to provide you with the attention you deserve.

Mysterious Social Media Presence
Take note of their social media behavior. If they are reluctant to tag you in posts or avoid showcasing your relationship publicly, it could be a sign that they are concealing their involvement with you.

Incomplete Knowledge Of Their Personal Life
If your partner avoids discussing their personal life or provides vague information when asked about their family, friends, or daily routine, it may be a red flag indicating that they are hiding their primary commitment.

Last-Minute Plans
Consistently being an afterthought in your partner’s plans might indicate that you are not their first priority. If you find yourself frequently being offered last-minute dates or being asked to be discreet about your outings, it may be a sign that you are involved with someone in a committed relationship.

Limited Public Appearances
If your partner is reluctant to be seen with you in public, it could be a sign that they are concerned about being recognized by someone who knows their true partner.

Gut Feeling
Lastly, trust your intuition. If deep down, you have a nagging feeling that something isn’t right or you suspect you are being kept in the dark about their other commitments, it’s essential to acknowledge and address those concerns.

Recognizing if you are the “side chick” in a relationship is crucial for your emotional well-being. If you identify with several of the signs mentioned above, it’s important to have an open and honest conversation with your partner. Remember, every individual deserves a relationship built on honesty, trust, and mutual respect.

To read more, click the link below
https://www.primebusiness.africa/8-ways-to-identify-if-you-are-the-side-chick-in-a-relationship/

The General Secretary of the National Union of Air Transport Employees (NUATE), Ocheme Aba, urged the Asset Management Corporation of Nigeria (AMCON) and owners of Arik Air to settle their feud.

Aba said the dispute is not helpful to the growth of the company, which he said requires more investment to survive.

He stated that the survival of Arik Air will be beneficial to both AMCON and the owners, not just the workers in the aviation sector.

In the statement, NUATE said: “A recognition of this fact will alter the present state of adversity/animosity between the two gladiators which has been anything but helpful.

“If the two parties agree to work together, and receive the understanding of the workforce, it is our concrete belief that a pathway out of the doldrums will be not too difficult to chart.”

Furthermore, he affirmed that the interest of the owners, the Receivers Manager, the workers, and the creditors of Arik Air should be put into consideration in the airline’s objectives.

To read more, click on the link below
https://www.primebusiness.africa/dispute-over-arik-air-not-helpful-airline-in-need-of-funds-to-survive-workers/

The Independent National Electoral Commission (INEC) has issued certificate of return to the president-elect, Bola Ahmed Tinubu.

Tinubu received the certificate of return from. Chairman of INEC, Prof Mahmood Yakubu, on Wednesday, hours after being declared the winner of the presidential election held on Saturday, 25th February, 2023.

For more information click on the link below
https://www.primebusiness.africa/breaking-inec-issues-tinubu-certificate-of-return/