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Lagos, South Africa and New York
Mon, May 27, 2019


I am fulfilled with infrastructural projects executed in Lagos – Ambode

...Commissions Ultra-Modern 400-Capacity Theatre In Epe ...Thanks Residents, Seeks Support For Sanwo-Olu Lagos State Governor, Mr...

U.S. Department of State commemorates Africa Day

This Saturday marks Africa Day, the annual commemoration of the founding of the Organization...

Recruitment: NNPC schedules CBT for shortlisted candidates, June 1

The Nigerian National Petroleum Corporation, NNPC, Thursday, said its ongoing recruitment exercise has entered the...

TCI sets to renovates Taraba health facilities

By our correspondent in Jalingo To further strengthen Primary Health Care delivery in...

Buhari gives 72-hour ultimatum to clear notorious Lagos’ Apapa gridlock

The Presidency has given two weeks for the immediate clearing up of the intractable Apapa...

Buhari to sign 2019 budget into law on Monday after meeting...

President Muhammadu Buhari will on Monday sign the 2019 budget into law on Monday. The Senate had on the 30th of April passed the 2019...

FAAC, IGR not enough to fund budgets of 28 states

The fall in oil prices slightly affected government earnings in the first quarter of 2019 as the Federation Allocation Account Committee disbursed N1.929tn between...

National Assembly Passes 2019 Appropriation Bill, Raises Proposed Budget by N86...

In the just concluded week, the National Assembly finally passed the 2019 Appropriation Bill after it raised the proposed budget by N86 billion. According...

PRIVATE EQUITY FUND NEWS

Debt recovery: Access Bank, ex-minister, Etiebet’s firm opt for out-of-court settlement

The legal battle between Access Bank Plc and Obodex Nigeria Limited, a firm belonging to a former Minister of Petroleum Resources, Chief Don...

African Alliance Insurance in financial mess

African Alliance Insurance ‘s five-year financial result has revealed a worrisome outcome, Naija247news has been told. African Alliance, a life insurer, which is preparing to...

Access Bank targets more satisfied customers service with XclusivePlus benefits

Access Bank Plc has launched discussions aimed at adding more benefits to its award-winning premium lifestyle proposition, XclusivePlus, as the enlarged commercial bank seeks...

FIRS posts N1.5tn revenue in Q1 of 2019, Fowler says

The Federal Inland Revenue Service ((FIRS) generated N1.5 trillion revenue in the first quarter (Q1) of 2019, according to its Chairman, Mr Babatunde Fowler....

Stanbic IBTC Bank fined N2 billion for violating CBN guidelines, other offences

Banking Saturday, May 18,2019 The management of Stanbic IBTC was fined about N2 billion for violating the guidelines of the Central Bank of Nigeria, CBN, and...

EFCC arraigns Stanbic IBTC manager, one other for alleged N24m fraud

News Saturday, May 18,2019   The Economic and Financial Crimes Commission, EFCC, Lagos Zonal Office, has, arraigned one Olamide Salvador and Richard Olusegun Olatunji, before Justice Sherifat...

MTN Nigeria targets dividend payout ratio of at least 80% to investors

MTN said it targets a dividend payout ratio of at least 80% of net income in the medium term, it said in the investor...

The Big Read

By Chris Hughes Mr. Hughes, a co-founder of Facebook, is a co-chairman of the Economic Security Project and a senior adviser at the Roosevelt Institute. May 9, 2019 The last time I saw Mark Zuckerberg was in the summer of 2017, several months before the Cambridge Analytica scandal broke. We met at Facebook’s Menlo Park, Calif., office and drove to...
What does a business do next after racking up cumulative losses of $935m? Go public, of course. Jumia is billed as Africa’s first “tech unicorn”, a venture-capital funded company valued at more than $1bn on the New York Stock Exchange. Its lack of a profitable model didn’t seem to matter much on the first day of trading on Friday, as...

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WORLD

GLOBAL ECONOMY

Nigeria after the Oil Age By Tony Ogunlowo

With the rest of the world beginning to turn its back on petroleum products in favour of sustainable renewable energy sources the demand...

Creating Confidence Through Consistency

And why it’s so important Marcus Arcanjo In 2003, a high school basketball player was sat across from the then-CEO of Reebok, who had made...

Nigeria’s Economy on Life Support: Time to Pull the Plug

By Olusegun Adeniyi Distinguished ladies and gentlemen, please allow me to preface my presentation with one of those stories you find on the internet, although...

GLOBAL ENTREPRENUERS

The Chairman of the United Bank for Africa Group (UBA), Mr. Tony Elumelu, has described technology as a leading accelerator for economic transformation and development globally. Owing to this, he stressed the need for policymakers and political leaders in Africa to leverage technology to transform the continent and empower the massive youth population in the continent. Elumelu, who is the founder...
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