archiveJune 2016

The number of monthly active users (MAU) of Facebook (FB) among Nigerians, South Africans and Kenyans has continued to grow by 41.87 per cent. According information from FB, Some 14-million South Africans use Facebook FB +1.34 per cent every month, the social network says, a 16.6 per cent increase in...

By ABDUL-KHALIQ OLALEKAN Sovereign Trust Insurance (STI) Plc has extended its Corporate Social Responsibility (CSR) initiative to a Lagos-based Non-Governmental Organization, Teenage Life on partnership aimed at strengthening youth development in the country. A statement from the company and made available to Business247, noted that the Coordinator of Teenage Life,...

Mr. Wale Akintunde is the incumbent treasurer of the Association of Advertising Agencies of Nigeria (AAAN) and the Chief Operating Officer of Centrespread Advertising Limited. He is blessed with string of academic and professional qualifications that perhaps makes him the most qualified occupant of the treasurer’s post in the entire...

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...