Category: Business

  • Ekiti Labour Union Gives Fayemi 14-day Ultimatum.

    The Ekiti State organised labour, has given a 14-day notice to Governor Kayode Fayemi to pay all outstanding benefits to workers or face indefinite industrial action. A letter dated July 16 and addressed to Fayemi, said the ultimatum commences from Monday, July 20 and elapses on August 3 , within which the governor is expected […]

  • Buhari directs ministries to take inventory of indigenous inventions

    The President of Nigeria, Muhammadu Buhari has directed the Federal Ministry of Science Technology to take full inventory of all indigenous inventions and innovations. gathered that the order was given to the ministry for possible assistance to inventors and innovators in the bid to reposition the economy. Usman Dalhatu, a Chemical Engineering student of […]


    #RIPJeffBezos is currently trending on Twitter at #1 position. The users were presented with the news that the Amazon CEO Jeff Bezos has died after drowning in a river. Is Jeff Bezos Dead or Alive?  The rumors speculated that the richest person in the world Jeff Bezos, with a net worth of over $130 Billion, […]

  • Moguls and Lobbyists Get Millions in Corona virus Government Aid.

    The US government has distributed more than $521bn (£415bn) to businesses from its emergency coronavirus aid. This week, the public finally got a glimpse of who’s been getting the money. The list, released by the US Treasury Department, reignited debate about the controversial programme, called the Paycheck Protection Program (PPP). “We don’t want to say […]

  • Naira Loses Value to N381/$.

    The naira weakened some 5.8 percent to N381 per dollar at the official market, Tuesday, as the Central Bank of Nigeria (CBN) took yet another step towards a convergence of its multiple exchange rates. The official rate which had been at N360/$ since March was quoted at N381/$ at market close on FMDQ, with analysts […]

  • COVID-19: Rivers State Governor demolishes two hotels for violating lockdown order.

    Nyesom Wike, Rivers State Governor, on Sunday,May 10,2020 supervised the demolition of two hotels in Eleme and Onne for violating the lockdown Order. The affected hotels, Prudent Hotel, Alode in Eleme, and Etemeteh Hotel in Onne, were said to have been operating despite the executive order barring all hotels in the 23 LGAs of the […]

  • 11 Things You Need to Know Before You Start TRADING/INVESTING in Forex Market

    In SOFO news editorial effort to help people maximize the situation of Covid-19, we are going to be sharing some possible questions and answers about investing and trading in forex market. Question 1:How long before I can start making good money consistently in Forex trading? Answer:it depends on a lot of factors that include but […]

  • Devastating: Amazon Cuts Commissions for Affiliate Program by Up to 80%

    The current global economy unrest caused by the Covid-19 pandemic has had negative impact on many lives and businesses around the world. News tip coming from Pat Flynn, a digital marketing expert has further established the fact that many businesses are struggling to scale in the midst of this crisis, one of such is Amazon, […]

  • COVID-19: Oyo State Enforces Social Distancing, Impounds 22 Cars at Popular Club House, Eateries and Beer Joints

    Oyo State COVID-19 Security and Enforcement sub-committee has impounded a total of Twenty-Two (22) illegally parked vehicles during its special night operations, to enforce compliance at club houses and public places in Ibadan. It would be recalled that Oyo State has recorded more confirmed positive cases of COVID-19 which led to a directive of a […]

  • Businesses That Benefits from Covid-19

    I am trying to think of businesses and endeavours that will benefit most from #COVID19NIGERIA. My list:1. Hand sanitiser sellers2. Supermarkets3. Food delivery4. Home tutors5. Fitness instructors6. Communication companies7. Internet providers8. Pharmacies 9. IT, Software developers 10. Uber/Taxify drivers11.Data service providers12. Dstv/Gotv13. PMS/Gas plants Add yours…