archiveJuly 2016

Niyi Olaoye The United Bank of Africa UBA has become the card issuer for MasterCard in 18 markets in Africa, which enables the bank to issue MasterCard credit, debit and prepaid cards across these markets. The partnership will also focus on increased payments infrastructure across Africa, including the roll out...

Niyi Olaoye The naira fell further to N368 against the dollar at the parallel market Today (Tuesday), as the scarcity of foreign exchange continued to weigh on the value of the local currency at the interbank and parallel markets. It will be recalled that the Naira closed at N365 to...

Sokoto State government's plan to revitalise its leather industry received a boost when a team from the United Nations Industrial Development Organisation (UNIDO) began a seven-day assessment visit to the state. The team, under the organisation's Investment/Technology Promotion Office, will meet with stakeholders and other experts to map out strategies...

With several trillions of naira needed to provide adequate social infrastructures in the country, at a time of economic crunch, experts felt insurance industry can assist the government fund the infrastructural deficits in the country. ABDUL-KHALIQ OLALEKAN writes.   The decaying infrastructure and the need to repair and provide new...

  There is an anxiety that the Information Communications Technology (ICT) Tax Bill may threaten the 30 per cent broadband penetration target from its 10 per cent in Nigeria if it is passed into law. There has been a debate at the National Assembly over the passage of ICT tax...

The Federal Government has called on Nigerians to patronise `Made-in-Nigeria products’ to strengthen the economy and aid national development. Minister of Budget and National Planning, Senator Udoma Udo Udoma, made the appeal at the inauguration of the Joint Planning Committee (JPC) for the 22nd Nigerian Economic Summit (NES22) in Abuja...

Olisa Agbakoba (SAN) has welcomed the appointment of Ms Hadiza Bala Usman as the Managing Director of the Nigerian Ports Authority (NPA). Agbakoba in a press statement extolled the DG and urged her to immediately review concession agreement in the country. According to him, “The immediate tasks that should be...

…shareholders may receive interim dividend  Shareholders who invested in Guaranty Trust Bank Plc (GTBank) may received interim dividend for the half year ended June 30, 2016. The board of directors however set to meet on Wednesday, July 30, 2016 to discussed Issue relating to interim dividend, 2016 half year results...

….As Airtel wins Customer Service Operator of the Year Award The Chief Executive Officer and Managing Director of Airtel Nigeria, Mr. Segun Ogunsanya, has been named the Telecoms CEO of the Year by organizers of one of the most credible award platforms in the country, the Nigeria Telecoms Awards. Ogunsanya...

Unilever Plc has announced N1 billion profit in half year (H1) unaudited interim financial statements for the period ended June 30, 2016. The company, in a filing to the Nigerian Stock Exchange (NSE) said, its profit has significantly increased by 1178 per cent to N85.6 million recorded in H1 2015,...