Samsung to unveil shareholder return plans amid calls to split company
Samsung Electronics Co Ltd said it will disclose plans to boost shareholder value on Tuesday – a move that comes amid pressure from U.S. fund Elliott Management to split the company in two and provide...
View ArticleFG Partners Indigenous Company To Develop The Dairy Sector
The Federal Government, through the Federal Ministry of Agriculture & Rural Development and local dairy company, L&Z Integrated Dairy Farms, have signed a Memorandum of Understanding (MoU)...
View ArticleFederal Ministry of Finance Directs NAICOM Staffs To Go Back To Work
* As Labour Ministry declares affiliation of Union to AUCPTRE illegal The Federal Ministry of finance on Monday directed protesting staffs of National Insurance Commission (NAICOM), under the...
View ArticleCustody of Annuity Fund: NIA Challenges PenCom To Name Life Insurance Firms...
L-R: Executive Secretary ECOWAS Brown Card, Herrintta Anyanna ; Chairman NIA, Eddie Efekoha, DG,Nigerian Insurers Association (NIA) Sunday Thomas and Director Legal./ Admin NIA, Mrs Laolu Idowu today...
View ArticleNIA Backs Relocation of Inspectorate Dept of NAICOM to Lagos, Says move will...
Eddie Efekoha The Chairman of Nigerian Insurers Association (NIA) Eddie Efekoha, on Tuesday said him and the association is solidly behind the relocation of Inspectorate Department of the...
View ArticleWE’LL COMMENCE DISBURSEMENT OF N25BN ETF IN DECEMBER – AMBODE
L-R: Lagos State Governor, Mr. Akinwunmi Ambode, with Commissioner for Wealth Creation & Employment, Dr. Babatunde Durosinmi-Etti and Permanent Secretary, Ministry of Wealth Creation &...
View ArticleThe Slow Boat to FX Reform
Nigeria’s proposed floating exchange-rate regime will not emerge until large and steady supplies of fx from autonomous sources complement the CBN’s modest sales to the market. At this point, confidence...
View ArticleFitch: US Banks 2017 Outlook Backed by Strong Capital, Liquidity
Rating and sector outlooks for US banks will remain stable for 2017, backed by strong capital and liquidity and solid asset quality, says Fitch Ratings. Long-running challenges related to improving...
View ArticleJust In: FG Fires NTDC DG
Sally Mbanefo Report reaching BusinesToday Newsonline, says the Federal Government on Wednesday sacked the Director General of the Nigeria Tourism Development Corporation (NTDC), Mrs. Sally...
View ArticleNCC Suspends Plan To Increase Data Price
The Nigerian Communications Commission (NCC), on Wednesday suspended its directive to telecommunication operators to increase the price of Data. According to statement by the commission’s Public...
View ArticleWe ‘ll Continue To Finance Development Projects – Ecobank MD
Left: Deputy Governor, Abia State, Mr Ude Oko Chukwu; Governor, Abia State, Dr. Okezie Victor Ikpeazu; Former Governor, Abia State, Senator Theodore Orji; Managing Director, Abia Retail Mall, Mr. Chuka...
View ArticleNSE’s Oscar Onyema Re-elected ASEA President
African Securities Exchanges Association (ASEA or the Association) held its 20th Annual General Meeting (AGM) on Sunday 27, November where the election of officers took place. Mr. Oscar N. Onyema, OON...
View ArticleBuhari To Present 2017 Budget To National Assembly Next Week
Budget Minister, Senator Udo Udoma, said the budget was carefully prepared Nigeria’s President, Muhammadu Buhari, will present the 2017 appropriation bill to the National Assembly next week, a...
View ArticleNew HIV Vaccine Trial to Start in South Africa
A new vaccine against HIV, to be tested in a trial to be launched in South Africa Wednesday, could be “the final nail in the coffin” for the disease if it is successful, scientists say. The study,...
View ArticleOPEC Agrees to Cut Production in Drive to End Record Glut
Broader than expected agreement to include non-OPEC countries Benchmark Brent crude prices climb in London to top $50 Is OPEC Back After Oil Production Cut Deal? OPEC confounded its doubters and sent...
View ArticleAfDB and CRDB Bank of Tanzania sign US$120 million loan agreement to finance...
The African Development Bank Group (AfDB) and CRDB Bank Plc (CRDB) of Tanzania signed a US$ 120 million loan agreement in Nairobi on November 30, 2016 to finance infrastructure and SME projects in...
View ArticleNipco Buys 60% stake in Mobil for $301m
Mobil Oil Nigeria Plc has said Nigeria’s Nipco Investments Limited is offering $301million for 60 per cent of Exxon Mobil Oil Corporation (EMOC) shares to become the new controlling shareholder in the...
View ArticleArmy partners SON on quality military products
Determined to ensure that military equipment and products meet quality and standards benchmarks, the Nigeria Army has entered into a working partnership with the nation’s standards regulatory body,...
View ArticleNSE Delists Six Stocks
Please note that the under listed stocks have been delisted from the official list of the Nigeria Stock Exchange effective today 1st December, 2016. Sequel to the approval of the Quotation Committee of...
View Article“Virtual” Reality for Business Payments
Global commercial spending by businesses large and small is projected to grow to $24 trillion in 2020, according to Kaiser Research. Yes, that’s trillion with a T. However, businesses face a daunting...
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