Metro

Rob Shuter, the chief executive officer at MTN Group, says the group will acquire an independent banking licence in Nigeria by 2019. Speaking at a telecoms conference in Cape Town, South Africa on Tuesday, the MTN CEO said it will put in an application in December and should lunch the bank in second quarter 2019. “We will be applying for a …

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Oil prices hit its lowest point since December 2017 on Tuesday, following anticipated oversupply in the global crude oil market. Brent crude futures, the global benchmark fell by 7.34 percent to $64.97, while US West Texas Intermediate (WTI) lost $2 in less than 30 minutes to sell at $55.12 on Tuesday evening. During its last meeting, the Organisation of Petroleum Exporting …

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Photo Caption: From Left; Mr. Nornah Awoh, Chief Equity Analyst at Palesa Capital Markets Associates Limited; Mr. Friday Ekeoba, General Secretary, Capital Market Correspondents Association of Nigeria (CAMCAN); Mrs. Chinyere Joel-Nwokeoma, Vice President, CAMCAN;  Mr. Cyril Eigbobo, Chief Financial Officer, The Nigerian Stock Exchange (NSE); Dr. Qasim Olalere Akinreti, President, Nigeria Union of Journalist (NUJ), Lagos Chapter; Mr. Chris Ugwu, Financial …

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By Olabode Adaramola, Niger The Niger State Sector Command of the Federal Road Safety Corps( FRSC) has said that from available records at its disposal, that a total of 9,383 road traffic crashes were recorded in in 2017, with 2,587 being fatal and 5, 121 people killed. The Sector Commander, FRSC, Niger  State Sector Command, Corps Commander Joel Ishaya Dagwa …

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The Chartered Institute for Securities & Investment (CISI) is partnering with The Nigerian Stock Exchange (NSE) to provide trainings for CISI’s qualifications in Nigeria, under the auspices of X-Academy, the knowledge platform of NSE. The partnership will result in CISI accrediting X-Academy as its training partner in Nigeria for qualifications including the International Introduction to Securities & Investment (IISI), International …

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Dayo Emmanuel Women in Wesere community in Badagry area of Lagos State have benefitted from a grant from ActionAid Nigeria to embark on petty trading. A total of 15 women were empowered with N30,000 each which has brought stability to the various homes. The road leading to the community is also being fixed by the Non-Governmental Organisation to ease movements …

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Folake Sokoya In its bid to fight crimes to a standstill in Lagos, the Lagos State Police Command’s Taskforce on recovery of illegal and prohibited firearms, attached to Area J Command Headquarters, Ajah, while on targetted raids of uncompleted, unoccupied houses and plots of land have uncovered five guns covered in an uncompleted building in Ajah area of Lagos State. …

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The Nigerian Electricity Regulatory Commission (NERC) has disclosed that a larger part of the constraints experienced in the country’s electricity sector in the first quarter (Q1) of 2018, was contributed by shortage of gas to power generation companies (Gencos). The NERC in its Q1 2018 quarterly report of activities in the sector, explained that 74 per cent of the operational …

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The Federal Government borrowed a total of N2.32tn in 2017 to fund deficit in the budget, the Debt Management Office has said. DMO said this in its 2017 Annual Report obtained by our correspondent in Abuja on Monday. According to DMO, the total amount was borrowed from both the domestic and the foreign debt markets. The report said, “The total …

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The Lagos State Employment Trust Fund (LSETF) has embarked on a comprehensive community engagement across the Lagos Divisions to share its impact and update on its various programmes, with residents and small business owners in the State. The grassroots engagement which is scheduled to take place within the IBILE (Ikorodu, Badagry, Ikeja, Lagos Island and Epe) divisions is hinged on …

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