archiveJune 29, 2016

A former Minister of Foreign Affairs, Chief Ojo Madueke, is dead. An online report has it that he collapsed at the Nnamdi Azikiwe International Airport, Abuja shortly after arriving from the United States of America (USA) where he had gone to attend graduation ceremony of a relative. Madueke was a...

Spectranet 4G LTE has been awarded the Outstanding Broadband 4G Company of the Year at the just concluded MARKETING EDGE Annual National Marketing Stakeholders Summit and Brand Advertising held recently in Lagos. The event which had in attendance the crème de crème of the society was organized by MARKETING EDGE,...

The bulls engaged the bears in battles on the Nigerian Stock Exchange (NSE) on Wednesday as they forced the market back to the positive position s the market regained 0.80 percent as All Share Index closed at 29,812.91 from the Tuesday closing of   29,575.24 points. Investors recorded a gain of...

Fidelity Bank Plc has appointed former CEO of Guinness Nigeria PLC Mr. Sene Adetu as an independent director. This is contained in a regulatory report filed by the bank with the Nigerian Stock Exchange on Tuesday Adetu’s appointment took effect from 22nd of April, 2016, following approval by the Central...

Central Bank of Nigeria (CBN) and Citibank on Wednesday executed the country's first naira-settled futures trade against the dollar, market regulator FMDQ OTC Securities Exchange said. On Monday the CBN introduced an over-the-counter futures market on the currency to help manage dollar demand, quoting the naira firmer at 279 to...

MTN Nigeria has paid N30 billon to the Nigerian Communications Commission (NCC), its first payment towards the settlement of a N330 billion fine, MTN Nigeria CEO Ferdi Moolman said on Wednesday. The total fine equates $1.7 billion. In October last year, the company was fined $5.2 billion which was subsequently...

The Federal Government plans to raise between N305 billion and N395 billion ($1.08 billion -$1.40 billion) in local currency-denominated bonds with maturities ranging from five to 20 years in the third quarter of the year, the Debt Management Office (DMO) said on Wednesday. The debt office said it would auction...

Global CEO, Unilever Plc, Mr Paul Polman has said that the scale and urgency of the challenges the world faces are so great and there is need to look beyond individual businesses to drive transformational change, adding that the challenges actually provide opportunities for emerging businesses to grow profitably and...

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has rolled out the Agency’s Medium Term Strategic Growth Plan for the maritime industry. Peterside said that NIMASA was facing dearth of fund to pay workers salaries and execute projects. He disclosed this on Wednesday...

ABDUL-KHALIQ OLALEKAN With the United Kingdom having voted in its recent referendum to leave the European Union (EU), experts expect many businesses with existing or planned investments in the UK to  be looking to new investment frontiers, stating that Africa will be next point of call for investors. Analysts at...