Business

Sequel to successful outing of season-2 of the Big Brother Naija (BBNaija) last year, Heritage Bank Plc, the Timeless Wealth Partner has again partnered with MultiChoice Nigeria Limited, owners of the DSTV and GOTV brands to bring the third season of the entertainment to viewers across Africa and beyond. The Big Brother Naija 2018 was launched on Sunday night with …

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By Olabode Adaramola Former Military  President, General  Ibrahim Badamasi Babangida has  called on President Muhammadu Buhari to step down in 2019 to allow a generational shift that should reinvent the wheel of leadership and spur healing in the land. Babangida gave the advice in a special Press statement issued on Sunday at his Uphill Mansion in Minna Niger state capital …

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By Amos Okioma Over N3 billion has been spent by Bayelsa State as counterpart fund in the Education sector in the last six years, according to the State Commissioner for Education, Jonathan Obuebite. The gesture, he stated, was aimed at attracting Federal Government’s support and presence for the state. Obuebite stated this  in Yenagoa at the ongoing Inter-Ministerial Briefing as …

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Photo Caption: From left: Paul-Harry Aithnard, Group Head, Securities, Wealth & Asset Management (SWAN), Ecobank Capital; Patrick Akinwuntan, Group Executive, Consumer Banking, Ecobank Transnational Incorporated (ETI); Michael Okparanta; Managing Director, Nobel Oil Nigeria Limited; Carol Oyedeji, Executive Director, Consumer Banking, Ecobank Nigeria; and Lloyd Buthelezi, Executive General Manager, Financial Planning, Nedbank, South Africa during the Premier Banking by Ecobank/ SWAN joint breakfast session with …

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Representatives of state governments on Wednesday met in Abuja at a workshop organized by the Ministry of Budget and National Planning as part of the integration process by the Federal Government to ensure full participation of sub-regional governments in the Focus Labs scheduled to commence next month. At the meeting, the Minister, Senator Udoma Udo Udoma, explained that the workshop …

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A new study by the World Bank has revealed that 22 per cent of Nigerians, on average, are chronically depressed. The study looked at the first nationally representative estimates of chronic depression in Nigeria to shed light on how it may be linked to economic outcomes, such as Labour market and human capital investments, especially in heavy-conflict areas or for …

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President Muhamamdu Buhari has nominated Mr. Edward Adamu, for appointment as the deputy governor of the Central Bank of Nigeria. Adamu from Gombe State, replaces Mr. Sulaiman Barau, from Zaria, Kaduna State, who retired in December, 2017. A statement on Thursday by the Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, said a letter had since …

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Embolden by its re-engineering growth strategy, Flour Mills Nigeria Plc has assured the capital market community that the company will continue to sustain its profitable return on investments for existing and prospective investors. Chairman of the company, Mr John Coumantaros gave this assurance on Thursday February 1, 2018, during the Facts behind the right issue of N39.9 billion presentation at …

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Eighteen Chinese are being prosecuted for engaging in illegal mining; while 36 Nigerians have been arrested for a similar crime. The Minister of Mines and Steel Development, Kayode Fayemi, stated this on Wednesday while briefing State House correspondents after the cabinet meeting chaired by President Muhammadu Buhari. The minister noted that police were prosecuting handling the illegal miners. Fayemi explained …

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Fitch Ratings has affirmed the Long Term Issuer Default rating of United Bank for Africa Plc at “B”, with a stable outlook. According to Fitch, the rating of UBA is driven by the standalone creditworthiness of the bank, as defined by its viability rating, which is constrained by Nigeria’s operating environment. In the report issued on Wednesday, Fitch highlighted the …

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