archiveNovember 2016

Determined to make its world-standard soft furnishing services available to individuals and corporate organizations in the Federal Capital Territory, Rosemary’s, the soft furniture company has concluded arrangements to extend its frontiers beyond Lagos; as it opens its showroom in Abuja this weekend. Established in 2003, Rosemary's is a niche-focused, passion...

Fidelity Bank Plc. has announced the appointment of Mr. Ernest Ebi as a Non-Executive Director and Chairman Designate of the Board of Directors of the bank. This follows the retirement of the erstwhile Chairman of the bank, Chief (Dr.) Christopher Ezeh who, after over 11 years of meritorious service to...

As a continuous developmental move to boost its enlightenment and engagement initiatives, Proshare, Nigeria in collaboration with FMDQ OTC Securities Exchange on Wednesday in Lagos launched the FMDQ price ticker tape and Fixings Data Segment on the ProshareNG’s homepage. The FMDQ price ticker is a representation of the intraday and...

South Africa's opposition has called for the president to resign after a long-delayed report into Jacob Zuma's links to a well-known family of businessmen revealed "worrying" evidence of possible corruption. The "State of Capture" report, compiled by former public protector Thuli Madonsela, recommends the government should establish a judge-led inquiry...

The Petroleum Industry Bill (PIB), seeking unbundling of the Nigerian National Petroleum Corporation (NNPC) into two entities, which was introduced in 2008,  was  passed for second reading at the Senate on Wednesday. The bill which was sponsored by Senator Tayo Alasoadura (APC-Ondo) seeks splitting of the NNPC into Nigerian Petroleum...

The Federal Government will resubmit to the Senate a request to borrow $30 billion abroad up to 2018, which the house rejected on Tuesday, the Minister  Information and Culture, Alhaji Lai Mohammed told Reuters on Wednesday. According to him, "It is not unusual for the government and the Senate to...

  By Abdul Olalekan Insurance stakeholders, comprising of insurance industry's regulators and operators, are expected to converge at the 2nd edition of Business Journal Insurance Summit 2016 scheduled for November 17, 2016 in Lagos, to proffer solutions to challenges facing the insurance industry in the country. A statement by Publisher/Editor-in-Chief...

The eastern part of Nigeria, largely dominated by people from the Igbo tribe, is a unique place to visit or live in.  Aside from serene environs stretched over the area and the generally low cost of living, there is a profound exhibition of culture and deep respect for customs and...

MTN Group has become the first mobile operator in the world to deploy and test the open optical packet transport platform, known as Voyager, after joining the Telecom Infra Project (TIP) earlier this year. According to a statement from the leading telecommunication company, the TIP initiative, which was launched in...

From 42.5 index points at the end of September 2016, the Manufacturing Purchasing Manager’s Index (PMI) of the country came down to 44.1at the end of October 2016. According to the data from the Central Bank of Nigeria (CBN) website, the PMI report for October posted on its website on...