Shoprite operator in Nigeria ordered to pay $10m for breach of contract
The Lagos State High Court in Ikeja has ordered Shoprite Checkers Limited, operator of Shoprite outlets in Nigeria, to pay A.I.C. Limited $10m for breach of contract. The court, in a judgment by...
View ArticleCBN explains inability to hold MPC meeting for January
COMFORT EKELEME The Central Bank of Nigeria (CBN) said the a revised schedule of the Monetary Policy Committee (MPC) meeting will be communicated as soon as the Bank is able to meet the statutory...
View ArticleSterling Bank commends NDIC’s quality examination reports
COMFORT EKELEME Management of Sterling Bank Plc has commended the Nigeria Deposit Insurance Corporation (NDIC) for the quality of their bank examination reports which have contributed to the safety...
View Article33 companies, 435 directors pass CGRS rating
COMFORT EKELEME The Steering Board of the Corporate Governance Rating System (CGRS) has said that 25 companies have successfully passed its rating test, having scored the required pass mark of 70per...
View ArticleElumelu seeks more International Multilateral Organisations’ Support to boost...
The Chairman, United Bank for Africa (UBA) Plc, and Founder, Tony Elumelu Foundation (TEF), Mr. Tony Elumelu, has stressed the need for global organisations and multinational institutions to support...
View ArticleDangote’s multi-million naira Unibadan business school ready soon
UGO AMADI Foremost entrepreneur, Aliko Dangote has assured that the N250 million University of Ibadan Business School being constructed by him would soon be ready for commissioning. The business mogul...
View ArticleAfrica promises good investment opportunity, says Elumelu
The Group Chairman, United Bank for Africa (UBA) and one of Africa’s top businessman, Mr. Tony Elumelu, has stressed the need to change the African narrative while concentrating on the myriad of...
View ArticleAmbode lauds Canadian govt for donating $3.25m medical lab to Lagos
Lagos State Government, Mr. Akinwunmi Ambode on Thursday lauded the Canadian government for donating bio safety laboratory worth $3.25million (about N951.3million) to the State Government, saying that...
View ArticleCBN spends $15.9bn on forex market interventions, says analyst
COMFORT EKELEME Managing Director, Afrinvest Securities, Ayodeji Ebo, has said that the Central Bank of Nigeria (CBN) spent $15.9 billion in nine months in its weekly intervention in the Foreign...
View ArticleSterling Bank partners 9mobile, Solo Phone
…debuts contract smartphone packages COMFORT EKELEME In order to ensure that more Nigerians enjoy the benefits of a digital eco-system that is mobile centric, Sterling Bank has partnered with 9Mobile...
View ArticleNTDC DG, others appointed as jury for Nigeria travel awards
…award ceremony to hold February 1, 2018 Ugo Amadi The organising committee of the Nigeria Travel Awards, organised by Jumia Travel, has announced the appointment of Folorunsho Coker, DG, Nigeria...
View ArticleCBN spent $15.9bn on forex market interventions, says analyst
COMFORT EKELEME Managing Director, Afrinvest Securities, Ayodeji Ebo, has said that the Central Bank of Nigeria (CBN) spent $15.9 billion in nine months in its weekly intervention in the Foreign...
View ArticleSterling Bank partners 9mobile, Solo Phone…Debuts contract smartphone packages
CMFORT EKELEME In order to ensure that more Nigerians enjoy the benefits of a digital eco-system that is mobile centric, Sterling Bank has partnered with 9Mobile and Solo Phones to introduce a contract...
View ArticleNSE’s amended Par Value Pricing Methodology rules becomes effective Monday
COMFORT EKELEME The Nigerian Stock Exchange (NSE) has said the amendments to Pricing Methodology and Par Value Rules, which can be found in Rules 15.29 and 15.30 respectively of the Rulebook of the...
View ArticleAmazing success tips resonate at inaugural Stanbic IBTC Youth leadership series
COMFORT EKELEME Living up to its theme, ‘Against The Odds’, the maiden edition of the Stanbic IBTC Youth Leadership Series provided a platform where three exceptional Nigerians spoke on the imperative...
View ArticleBoI, Finance ministry to recover N17b NERFUND loan
The Bank of Industry (BoI) has signed an agreement with the ministry of finance to recover loans worth N17.5 billion owed by customers of the Nigeria Economic Reconstruction Fund (NERFUND). Mahmoud...
View ArticleNDIC calls for collaboration with IoD on corporate governance challenges in...
COMFORT EKELEME Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim has identified the critical role the Institute of Directors (IoD) could play towards...
View ArticleTeleology Holdings emerges preferred bidder for 9Mobile
Recent reports indicated that Teleology Holdings Limited may have been finally selected as the preferred bidder for 9Mobile, formerly Etisalat Nigeria. This development may have brought to an end the...
View ArticleBudget transparency index: Zimbabwe, Benin Republic, 20 other African...
COMFORT EKELEME BudgIT has expressed dismay at Nigeria’s current position on fiscal transparency and public participation in the budget process as Africa’s largest economy has apparently taken steps...
View ArticleFirst Bank links 2017 awards to innovations, transformation
COMFORT EKELEME First Bank of Nigeria (FBN) has attributed its achievements including many awards in 2017 to its steady transformation for excellent service in the financial industry. The bank, in a...
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