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24 January

We’ll Only List on NSE When the Conditions are Conducive, Says MTN

Indications have emerged that the MTN Group will not list the shares of its Nigerian unit on the Nigerian Stock Exchange (NSE) in 2017. This was made known by the Chief Executive Officer, Phuthuma Nhleko, at the annual meeting of the World Economic Forum in Davos, Switzerland. “We see ourselves as a partner to governments in Africa because it is …

24 January

Lagos-Ibadan rail construction receives FG’s N72bn life line

The Minister of Transportation, Mr. Rotimi Amaechi has stated that the Federal Government had released N72bn as its counterpart funds for the construction of the Lagos-Ibadan standard gauge railway line. The minister on Monday, made this disclosure at the Second Presidential Business Forum, which was presided over by Vice President Yemi Osinbajo at the old Banquet Hall of the Presidential …

24 January

Manufacturers List Challenges to Economic Growth

The Organised Private Sector (OPS) has listed 12 factors retarding the growth of the nation’s economy, isolating the prevailing huge scarcity of foreign exchange as the major impediment to economic recovery. They also called for a review of the list of 41 items banned by the Central Bank of Nigeria (CBN) from accessing forex in the interbank forex market with …

24 January

Samsung’s Q4 profit rises 50% despite Note7 recall

Samsung Electronics’ profits leaped in the fourth quarter, it said Tuesday, despite the humiliating Galaxy Note 7 recall that hammered the reputation of the world’s largest smartphone maker. The South Korean tech giant took another blow when prosecutors began investigating its involvement in a corruption scandal, which has seen the country’s president impeached, and sought the arrest of the firm’s …

24 January

I drove taxis and worked as a guard to earn my Phd – Kayode Fayemi

The Minister of Solid Minerals Development, Dr Kayode Fayemi, has challenged Nigerian youths to explore and utilise their creative ability to develop the society. Fayemi gave the challenge while delivering the 2016 convocation lecture at the University of Lagos. He said that one of the failings of the society was its inability to give young people enough room to explore …

23 January

Microsoft and Ecobank Agree to Drive Digital Transformation in Africa

Microsoft, the leading platform and productivity company for the mobile”first, cloud”first world and Ecobank Transnational Incorporated, parent company of pan”African banking group Ecobank today signed a memorandum of understanding (MOU) to complement African governments’ efforts to modernise and raise the standards of the continent’s major cities through state of the art digital solutions. The MOU will see the modernisation of …

23 January

Buhari insists on Magu as EFCC chair, writes Senate again

President Muhammadu Buhari has written to the Senate, asking the lawmakers to confirm the Acting Chairman of the Economic and Financial Crimes Commission, Mr. Ibrahim Magu. Buhari’s letter was in response to the communication from the Senate on the rejection of Magu as EFCC chairman based on damning security report by the Department of State Services on the nominee. Magu …

23 January

FirstBank provides secure, convenient money transfer services

As the most valuable banking brand in Nigeria, First Bank of Nigeria Limited has been on a journey of strength and dynamism committed to providing the best financial solutions to promote convenience and support the lifestyles of its customers. The Bank through the years has demonstrated an understanding of its customers’ modern lives, wants, and needs as part of its …

23 January

30 ex-senior police officers sue Buhari, Attorney-General over ‘influenced’ retirement

Thirty senior police officers who retired in 2016 have challenged their retirement at the National Industrial Court, Abuja, insisting the force was “influenced” to retire them. The officers sought the powers of the court to interpret certain parts of the constitution binding on the Police Service Commission and its retirement processes. The officers sued the President of the Federal Republic …

23 January

Clerics opposing FRCN Act are money launderers – Bakare

The Serving Overseer of The Latter Rain Assembly, Pastor Tunde Bakare, has condemned religious leaders in the nation who are against the Financial Reporting Council of Nigeria Act 2011. Bakare, who made this known on Sunday during his church service monitored in Lagos, described opponents of the law as lawless. He said by opposing the law, church leaders were trying …