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Latest News Divide Nigeria into 12 Regions, 54 States — Middle Belt Leaders NDDC office sealed off over N336m tax debt Trial begins of nurse suspected of killing up to 60 children Nationwide teachers’ strike looms Dickson seeks special attention for Brass LNG project Experts converge on Abuja June 29 to tackle inflation, recession BNYL set to launch Biafra referendum campaign BBOG renews call for the rescue of 113 Chibok girls, 6 Lagos schoolboys Health stakeholders condemn non-inclusion of vaccine procurement in 2017 Budget Respect court ruling on Otodo-Gbame, CEE-HOPE tells Lagos Govt. Rivers sanitation agency announces cleanup exercise for Saturday (June 24), vows to deal with defaulters Lagos offers free legal services to inmates of Ikoyi prisons

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (257,919 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (236,781 views) Shameless Genevieve Nnaji exposes breasts in public (194,428 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (169,307 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (164,393 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (145,742 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (126,379 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (121,073 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (111,377 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (105,063 views) Lagos plane crash: Journalist releases victims’ names (104,907 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (97,766 views)

 

Ethiopian authorities make things difficult for Dangote Cement

Ethiopian authorities make things difficult for Dangote Cement Dangote Cement Plc, controlled by Africa’s richest man, Aliko Dangote, said it may shut its operations in Ethiopia if authorities in the central state of Oromia don’t reverse an order to cement makers to hand over control of some parts of their businesses to local young people. Oromia state’s East Shewa...... more

YouWiN! Connect Series 1 to mobilise N2.5bn under co-investment model for SMEs

YouWiN! Connect Series 1 to mobilise N2.5bn under co-investment model for SMEs The YouWiN! Connect plans to mobilise up to N2.5bn annually as equity investment in start-ups and early stage SMEs through qualified fund managers under a co-investment model, Minister of Finance, Mrs. Kemi Adeosun, said on Thursday.  She said in a statement that the Federal Government believes that Small and Medium Enterprises...... more

CEOs change strategy as new challenges surface in the business environment

CEOs change strategy as new challenges surface in the business environment Uncertainty in the past year has compelled CEOs to think in fresh ways about the disruptive forces affecting their businesses The second annual KPMG South African CEO Outlook offers deep insight into the challenges and opportunities faced by 50 CEOs leading many of South Africa’s largest and most complex businesses. The...... more

Heritage Bank ‘relocates’ to Badagry, grows agent outlets to 400

Heritage Bank ‘relocates’ to Badagry, grows agent outlets to 400 Heritage Bank Plc over the weekend took its banking activities to the coastal town of Badagry in Lagos State. The bank commissioned an agent, Thy Grace, to provide a range of financial services to customers in the neighbourhood of Mowo under in Badagry Local Government Area of the state. The move,...... more

Budget: Expert worries over financing of N2.36bn deficit

Budget: Expert worries over financing of N2.36bn deficit A Financial Expert, Mr Akintunde Sowunmi, has expressed concern over the strategy the Federal Government has mapped out to finance the N2.36 billion deficit in the 2017 budget. Sowunmi, who is the Lead Financial Consultant for the Nigerian Association of Small and Medium Enterprises (NASME), made this known in an interview...... more

UBA voted Financial Brand of the Decade

UBA voted Financial Brand of the Decade Pan African banking and financial services group, United Bank for Africa (UBA) Plc, has emerged the Financial Brand of the Decade at the Marketing Edge Awards which was held over the weekend. The award in recognition of UBA’s innovative and pacesetting role, is a product of painstaking review and assessment of...... more

350 businessmen owe Nigerian banks N2.5 trillion

350 businessmen owe Nigerian banks N2.5 trillion    The Asset Management Corporation of Nigeria (AMCON) has said at least 350 individuals in the country currently owe banks N2.5 trillion. Managing Director/Chief Executive Officer of AMCON, Mr. Ahmed Kuru, disclosed this at a Retreat for House of Representatives Committee on Banking and Currency in Enugu yesterday. He told the...... more

Amaechi inspects facilities at the first Dry Port in Nigeria, says rail line soon to be completed

Amaechi inspects facilities at the first Dry Port in Nigeria, says rail line soon to be completed The Minister of Transportation, Rt. Hon. Chibuike Rotimi Amaechi, has inspected some facilities at the Kaduna Inland Dry Port, the first Dry Port in Nigeria, promising that the rail line would be complete before the year ends. Amaechi, speaking during the inspection tour on Tuesday morning, remarked that “the current administration,...... more

Amazon on collision course with Wal-Mart

Amazon on collision course with Wal-Mart When Wal-Mart Stores Inc. bought online retailer Jet.com for $3 billion last year, it marked a crucial moment — the world’s largest brick-and-mortar retailer, after years of ceding e-commerce leadership to arch rival Amazon, intended to compete. On Friday, Amazon.com Inc. countered. With its $14 billion purchase of grocery chain Whole...... more

iPhone 5 soon to be useless: Apple

iPhone 5 soon to be useless: Apple Apple, the producer of iPhone 5 or iPhone 5c, has confirmed that the users of the particular brand will be trouble soon following planned introduction of a new operating system which would render the named phones useless. The new operating system iOS11, set to be rolled out later this year will...... more

DMO to sell N140bn Bonds on June 21

DMO to sell N140bn Bonds on June 21 The Debt Management Office (DMO) on Friday said it plans to auction N140 billion in bonds on June 21. The debt office will use the Dutch auction system to sell N40 billion of bonds due to mature in 2021 and N50 billion each for bonds due in 2027 and in 2037....... more

Controversy over MTN secret masts •Outraged residents head for court

Controversy over MTN secret masts •Outraged residents head for court Outrage has greeted the discovery of cell masts and a cellular tower erected in Durban, South Africa, by telecom giants MTN without permission. The eThekwini municipality is now facing a court challenge over the legality of the structures. MTN is building new infrastructure across South Africa to catch up with its...... more

Marketing Edge picks Thorpe, Okoli, Human to lead this year’s Marketing Summit

Marketing Edge picks Thorpe, Okoli, Human to lead this year’s Marketing Summit The 2017 edition of National Marketing Stakeholders Summit and Brands & Advertising Excellence Awards is expected to be chaired by a renowned marketing professional and marketing partner of Market Space Mr. George Thorpe. Also expected as guest speaker at the Summit is the former Managing Director of Guinness in Cameroun and...... more

Nigeria’s newest airline cleared for take-off, vows to crash air fares

Nigeria’s newest airline cleared for take-off, vows to crash air fares A new and ambitious airline is being cleared for take-off by Nigerian aviation authorities. JetWest could make its maiden voyage in December, and the team behind it is aiming high. The venture’s founder is Dikko Nwachukwu, a serial entrepreneur with a background in aviation. His mission statement is simple. “The guiding...... more

MTN’s woes mount

MTN’s woes mount The woes of MTN Communications mounted on Wednesday when Moody’s downgraded the company, along with other companies following the downgrading of South Africa’s credit ratings by Moody’s last week, in the wake of S&P Global Ratings and Fitch junking the country’s foreign currency rating. Moody’s has downgraded senior unsecured notes issued...... more

Nigerian firm signs two oil exploration deals in Uganda

Nigerian firm signs two oil exploration deals in Uganda    Uganda is set to sign on Thursday two oil production sharing agreements with a Nigerian firm, enabling the company to begin exploration work, the government said on Wednesday. The firm, Oranto Petroleum International, was among a number of companies that bid in the country’s first competitive oil exploration licensing round...... more

FIRS generates N778bn in first quarter 2017

FIRS generates N778bn in first quarter 2017 The Federal Inland Revenue Service (FIRS) says it generated N778.19 billion revenue in the first quarter of 2017. This is according to a progress report by the FIRS sent to the Federal Ministry of Finance, and obtained by the News Agency of Nigeria (NAN) on Tuesday in Abuja. The report, which...... more

Global investors oversubscribe UBA’s debut $500m Eurobond by 240 percent

Global investors oversubscribe UBA’s debut $500m Eurobond by 240 percent United Bank for Africa Plc (UBA) has successfully raised USD500 million, though a debut Eurobond, which was 240% over-subscribed. The significant investor demand reflects the strong global investor appetite for UBA’s credit and support for the Group’s pan-African financial services strategy. The Global Offering is a five-year senior unsecured benchmark bond...... more

GE CEO steps down

GE CEO steps down   General Electric says Jeff Immelt is stepping down as CEO and John Flannery, president and CEO of the conglomerate’s health care unit, will take over the post in August. The 61-year-old Immelt will stay on as chairman until his retirement from the position at the end of the year, with...... more

BREAKING NEWS: Osinbajo signs N7.441trn 2017 Budget into law

BREAKING NEWS: Osinbajo signs N7.441trn 2017 Budget into law Acting President, Prof. Yemi Osinbajo, late Monday afternoon signed the 2017 budget of N7.441 trillion into law, this confirming News Express’ exclusive story of early afternoon. The event, witnessed by Senate President Bukola Saraki and House Speaker Yakubu Dogara, among other top government functionaries, took place in the Aso Presidential Villa...... more

BREAKING: Osinbajo set to sign 2017 Budget

BREAKING: Osinbajo set to sign 2017 Budget ‎Acting President, Professor Yemi Osinbajo, is set to finally sign the 2017 Budget after months of delay. A tweet on Monday morning, June 12, via the official handle of the Senate President:, Dr. Bukola Saraki, revealed: “Osinbajo will sign the 2017 budget and will be joined by Senate President, Bukola Saraki...... more

TBWA unveils SMEs Shop to help small businesses adopt branding, marketing for growth

TBWA unveils SMEs Shop to help small businesses adopt branding, marketing for growth Mr. Kelechi Nwosu, Managing Director, TBWA Concept, has called on the SMEs in the country to adopt the techniques that would grow them through branding and marketing or face crashing. Nwosu made this call during the SME breakfast hosted by TBWA Concept on Thursday in Lagos with the theme “Growing SMEs...... more

Oil rises as Nigerian pipeline leak overshadows supply worries

Oil rises as Nigerian pipeline leak overshadows supply worries Oil prices rose on Friday after a pipeline stoppage in Nigeria, but crude still ended the week down nearly 4 percent on persistent worries about global oversupply. Brent crude oil (LCOc1) settled up 29 cents at $48.15 a barrel. U.S. crude (CLc1) futures rose 19 cents to $45.83 a barrel. Both...... more

Shareholders approve sale of Yahoo to Verizon for $4.5bn

Shareholders approve sale of Yahoo to Verizon for $4.5bn Yahoo’s shareholders on Thursday officially approved the $4.5 billion sale of the company’s core Internet business to Verizon. The deal is scheduled to close June 13. Yahoo’s Internet business, which includes its email platform and search engine, will be merged with AOL, acquired by Verizon in 2015, into a new division...... more

MTN hits hard times in South Sudan

MTN hits hard times in South Sudan MTN Group’s South Sudan unit says it has lost about 10% of its subscribers since violence flared in July and half its transmission sites are offline. The subsidiary of Africa’s biggest cellphone company by sales is trying to ride out a three-year civil war in South Sudan. Most customers lost were...... more

Exxon Mobil, Taleveras, Ophir win Equatorial Guinea oil blocks

Exxon Mobil, Taleveras, Ophir win Equatorial Guinea oil blocks    Exxon Mobil, Taleveras and Ophir have won oil blocks in Equatorial Guinea. This was announced on Monday during the African Oil and Gas Conference holding in Cape Town, South Africa. Exxon Mobil, in a press statement confirmed it has signed its Production Sharing Contract, with Equatorial Guinea for Oil acreage...... more

E-dividend and the capital market, By Abimbola Johnson

E-dividend and the capital market, By Abimbola Johnson Nigeria’s capital market operations are changing. Nothing symbolises this better than the electronic dividend payment (e-dividend) initiated since last year. The Securities and Exchange Commission (SEC) has said that issuing of dividend warrants would stop by end of June this year. Before registration for the e-dividend started, over N90 billion worth...... more

Exxon misled investors: Prosecutor

Exxon misled investors: Prosecutor New York’s top prosecutor on Friday accused Exxon Mobil of misleading investors about how it accounts for climate change risks, court filings show, offering a rare look inside an ongoing fraud investigation as it pressed the company to turn over more documents. Attorney General Eric Schneiderman said in a court filing...... more

MTN enmeshed in bribery scandal, asked to pay $4.2bn

MTN enmeshed in bribery scandal, asked to pay $4.2bn Telecoms giant MTN has been dragged to court for alleged bribery and is being asked to pay $4.2bn in damages. The case, by Turkish telecoms company Turkcell, is heading for trial at the High Court in Johannesburg after years of delays, according to South Africa’s Business Day. “Turkcell is accusing MTN...... more

CBN crashes dollar to N368/$1

CBN crashes dollar to N368/$1  The dollar yesterday crashed to N368/$ in the parallel market, after over three weeks at N382/$, representing N14 appreciation within the period. The exchange rate, which was confirmed by Aminu Gwadabe, president of the Association of Bureaux De Change Operators of Nigeria (ABCON), followed nearly $5 billion sustained intervention by the...... more

 

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