Nigeria – Page 762 – City Business News

November 24, 2015 No Responses

NCC to sanction more firms

The Nigerian Communications Commission (NCC) has threatened to sanction MTN, Airtel and Globacom for defying its directive on automatic migration to Pay-As-You-Go data bundle. The Commission made this known in its ‘2015 third quarter Compliance Monitoring and Enforcement Report’ obtained...

November 23, 2015 No Responses

Akwa United wins Federation cup

Akwa United have emerged champions of the 2015 Federation Cup having silenced Lobi Stars 2-1 at the Teslim Balogun Stadium on Sunday. A fantastic first half free kick by Namso Edo and Afeez Awakan were all the Uyo based outfit needed...

November 23, 2015 No Responses

Fidelity Bank rewards more customers

FIDELITY Bank Plc’s “Save4Shelter” promotion has rewarded more customers in its second monthly draw. The bank explained that the initiative depicts its concern in meeting the basic needs of its valued customers. The reward scheme is the fifth of its...

November 23, 2015 No Responses

Olawepo-Hashim advocates single digit interest rate

Energy sector investor, Mr. Gbenga Olawepo-Hashim has called for the lowering of interest rate in the nation’s banking sector from its current double digit figure to a single one to enable investors access finance at reasonable lending rate towards the...

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...