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Lagos, South Africa and New York
Fri, Sep 20, 2019


Sanwo-olu says Lagos open to foreign investors

By Onyekwe Samuel Consul General of the Kingdom of the Netherlands in Lagos, Mr. Jan...

Coalition urges National Assembly to pass Peace Bill

By our Taraba correspondent A call has gone to the National Assembly to as a...

Nigerian Selected for Prestigious International Writing Program

Lagos––Award-winning Nigerian poet, essayist, translator and author of short stories, Mr. Tade Ipadeola, has been...

Lagos flags off screening for local agric entrepreneurs

…Targets 1700 Participants For Take-Off Lagos State Government on Tuesday officially flagged off the screening of...

Nigeria must honor ex-servicemen who died in patriotic service, says Sanwo-Olu

...Lagos Governor Receives NDA’s 3rd Regular Course Alumni Lagos State Governor, Mr. Babajide Sanwo-Olu on Monday...

Non implementation of 60% 2019 Budget will be added into 2020...

The Minister of Labour and Employment, Dr Chris Ngige, on Thursday said that lack of aggressive implementation of the 2019 budget meant that 60...

Gombe secures N3.4bn World Bank loan to fight malnutrition

The Gombe State Government, in collaboration with the federal government, has secured N3.4 billion loan from the World Bank for use in checking malnutrition...

El-Rufai Submits N81bn Supplementary Budget

Nasir El-Rufai, the Governor of Kaduna State, has submitted N81bn supplementary budget to the state House of Assembly for ratification. The house was...

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PRIVATE EQUITY FUND NEWS

Africa’s e-Commerce Giant Enlists Andre Iguodala to Boost U.S. Investors Profile

By Tope Alake Jumia has suffered setbacks, short seller attack since IPO Basketball star is Jumia board member,...

Nigeria’s Interswitch in talks with Anchor Investors Ahead of IPO

By Loni Prinsloo and Myriam Balezou London stock offering could kick off as soon as November Company also...

MTN Nigeria shares hit three-month high after partial reopening

ABUJA, Sept 6 - Shares of MTN Nigeria hit a three-month high on Friday after the telecoms firm’s offices partially reopened following a...

Tapestry appoints Jide Zeitlin as CEO

Zeitlin will replace Victor Luis, who was with the company for 13 years and oversaw its acquisition of Stuart Weitzman...

Fidelity Bank Plc Records Double Digit Growth In H1’19 Earnings, Profitability, Deposits and Loans

LAGOS, NIGERIA – 3 September 2019: Fidelity Bank Plc (Bloomberg: Fidelity) announced its Audited Results, for the 6 months ended 30 June Financial Highlights ...

UBA Delivers 21% Growth in Profit, 21.7% RoE; Declares N0.20 Interim Dividend

Africa’s leading financial institution, United Bank for Africa Plc has announced its audited half year financial results for the period ended June 2019, showing...

Fraudulent transactions in Jumia Nigeria cost 4% merchandise sales in Q1 2019

Jumia has flagged an improper transaction in its Nigerian business worth 4% of gross sales in the first quarter of 2019. Africa’s e-commerce platform which...

The Big Read

A dying Irishman went for one last big score in Nigeria. The project failed, but a London tribunal says his company’s owed $9 billion and counting.
Libby George LAGOS, Aug 29 (Reuters) - A British judge has said he will grant a firm called Process and Industrial Developments Ltd (P&ID) the right to attempt to seize some $9 billion in assets from the Nigerian government over an aborted gas project. The company was awarded $6.6 billion in an arbitration decision over the failed 2010 project to build...

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GLOBAL ECONOMY

CBN’s New Deposit/Withdrawal Policy: Who Pays the Penalty, Client or Agency – Elikene

The Central Bank of Nigeria (CBN) recently introduced a policy it has been tinkering with since 2011 which is embedded in its Cashless Policy...

Reprising xenophobia with consumption pattern

By Amanze Ubochi It is no longer news that South Africans have taken xenophobic attacks on foreigners, particularly Nigerians to unprecedented and embarrassing...

Memo To President Buhari: How The Insurance Sub-Sector Can Help

Dear President, It is heartening to know that you will be reading this patriotic motivated external memo in excellent health despite the multi-faceted and...

GLOBAL ENTREPRENUERS

Berkshire Hathaway CEO and self-made billionaire Warren Buffett turned 89 on Friday, August 30. He’s also celebrating his 13th wedding anniversary with his wife, Astrid. In honor of the Oracle of Omaha’s big day, CNBC Make It rounded up seven of his best pieces of life advice. Marry the right person Buffett made his fortune through smart investing, but if you ask...
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