News Archives — Page 658 of 667

November 20, 2015 No Responses

Dangote Flour changes name

The management of Dangote Flour plc has notified the Nigerian Stock Exchange (NSE) of the company’s change of name. Company Secretary and Legal Adviser of Dangote Flour Plc, Aisha Ladi Isa explained that company’s new name is Tiger Branded Consumer...

November 20, 2015 No Responses

Buhari restates commitment to Privatisation

President Muhammadu Buhari has reaffirmed his Administration’s commitment to the Federal Government’s privatisation and commercialisation policy. Speaking at an audience with Peugeot’s Executive Vice President for Africa and the Middle-East, Mr. Jean-Chr...

November 20, 2015 No Responses

FG approves disbursement of $150m NNLG fund

The National Economic Council (NEC) has approved the sharing of $150 million among the three tiers of government. According to the council, the money is part of the $400 million dividends paid by the Nigerian Liquefied Natural Gas. Vice President...

November 19, 2015 No Responses

Dangote remains Africa’s richest person, says Forbes

For the fifth consecutive year, Forbes has rated the President of the Dangote Group, Aliko Dangote, as Africa’s richest person in Africa. The Magazine also ranked Dangote as the 67th richest person in the world, from a peak of 23rd...

November 19, 2015 No Responses

Buhari seeks extra N466b for subsidy, others

PRESIDENT Muhammadu Buhari has sent a letter to the National Assembly seeking approval for N465.64 billion as supplementary budget for the 2015 fiscal year to among others, pay petroleum subsidy claims amounting to N413, 363, 134, 505. In the letter...

November 19, 2015 No Responses

NSE targets 25m Investors

AS part of measures to increase retail investors’ participation in the nation’s stock market to 25 million, the Nigerian Stock Exchange (NSE) has unveiled an online trading application identified as ‘Smart Trade’. NSE Executive Director, Market...

November 18, 2015 No Responses

Siasia begs Kidnappers to free his mother

Nigeria U23 coach Samson Siasia has begged those who kidnapped his mother to free her to allow him focus on winning a ticket to next year’s Olympics in Rio de Janeiro. Madam Ogere Siasia, 72, was, according to coach Siasia, abducted in the...

November 18, 2015 No Responses

Buhari faults N1tr food import

President Muhammadu Buhari has described unsustainable the huge amount of resources spent annually on food imports. According to Buhari, who spoke at Birnin Kebbi, Kebbi State during the Central Bank of Nigeria’s (CBN) Anchor Borrowers’ Programme and the t...

November 18, 2015 No Responses

NSE attributes corporate failures to weak governance

THE Nigerian Stock Exchange (NSE) has identified weak corporate governance as the major factor responsible for many corporate failures in Africa. Speaking at the 19th yearly ASEA conference in Johannesburg Chief Executive Officer of NSE, Oscar Onyema Onyema ...

November 18, 2015 No Responses

World Exchanges unveils financial education, literacy initiative

THE World Federation of Exchanges (WFE) which represents public markets around the world, will start a new global industry initiative to promote financial education and entrepreneurial skills among school children and university students, following an overwhel...

November 17, 2015 No Responses

Dangote Cement reward customers with N300m

AS part of measures to compensate and enrich its teeming customers across the country, Dangote Cement has commenced its biggest promo that will benefit 3, 783 customers. The promo, which, began recently will be activated across the country and will...

November 17, 2015 No Responses

MTN gets Friday deadline to pay $5.2b fine

The Nigerian Communications Commission (NCC) has extended to Friday the deadline given to MTN to pay a $5.2billion fine. According to the commission, it sanctioned the telecommunications giant based on security reasons following its failure to deactivate 5.2m...

November 17, 2015 No Responses

UBA unveils contactless payment cards

FOREMOST financial services institution, United Bank for Africa (UBA) Plc has unveiled contactless payment cards. The contactless payment cards offer UBA customers an easier and more convenient hassle-free way to pay for goods and services. A statement issued ...

November 16, 2015 No Responses

Nigeria v Swaziland: Oliseh backs Super Eagles to soar after dour first leg

Nigeria were held to a dispiriting 0-0 draw by Swaziland on Friday but Sunday Oliseh remains confident of World Cup qualification progress. Sunday Oliseh believes his Nigeria players are ready to put a lacklustre outing in Swaziland behind them as...