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Emerging Markets Telecommunication Services Limited, previously trading as ‘Etisalat Nigeria’ on Wednesday officially unveiled its new brand identity, 9mobile, with a new logo and website. The Chief Executive Officer of 9mobile, Mr Boye Olusanya, said at a news conference in Lagos that the new logo was in conformity with the new name. Olusanya said that with the migration to a ...
Business
July, 2017
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19 July
Court seized Diezani’s Banana Island Estate,$3.7m
A federal high court in Lagos has ordered the interim forfeiture of an estate in Banana Island reportedly owned by Diezani Alison-Madueke, former minister of petroleum. The court also ordered the temporary seizure of $3.7m in a Zenith bank account allegedly owned by the former minister. The order followed an ex parte application filed by the Economic and Financial Crimes ...
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19 July
UPDATE ON FIRE INCIDENT AT STERLING BANK – CREEK ROAD
Contrary to conflicting,embelished and unconfirmed reports making rounds,Sterling bank has come out clearly to allay fears while stating the exactly what happened… On Wednesday, 19 July 2017: An armed mobile policeman fleeing from an irate mob after shooting a tanker driver disrupted banking operations at the Sterling Bank branch on Creek Road this morning. He ran into the premises of ...
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17 July
High Court Insists Fanta, Sprite Must Carry Warning Signs!
A Lagos high court in Lagos State, South West, Nigeria, has dismissed an application filed before the court by Nigeria Bottling Company Plc seeking the order of the court staying execution of its judgement ordering National Agency for food and drug Administration and control (NAFDAC) to forthwith mandate the Nigeria Bottling Company to include on all bottles of Fanta and ...
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17 July
CBN lifts restrictions on banks-to-bank forex deals
Banks can now directly sell foreign exchange (forex) to one another, without prior Central Bank of Nigeria (CBN) approval. The policy shift became exigent following the improvement in forex supply to key segments of the market, a development that has shored up market confidence. A top manager in one of the Tier-1 lenders, who disclosed this at the weekend, said ...
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15 July
Zenith-Prudential Insurance berths in Nigeria
Zenith Life Insurance has redefined the Nigerian insurance sector with its landmark partnership with Prudential Plc, one of the oldest and most capitalised life insurance companies in the world. The partnership, which will see Zenith Life trade under Zenith-Prudential Life, also involves an exclusive bancassurance agreement with Zenith Bank Plc in Nigeria and Ghana, a statement from Zenith Life said ...
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13 July
Etisalat Nigeria changes name to 9Mobile
Etisalat Nigeria is changing its brand name to 9Mobile, The embattled Etisalat Nigeria on Thursday rallied to move away from the shadows of its troubles by taking a new brand name. At end of a crucial management meeting of the telecom firm in Lagos, 9Mobile was unanimously adopted by the company as its new brand name. A few weeks ago, ...
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12 July
Sterling Bank, DAAR Communication sign pact on enviromental issues
Leading commercial bank, Sterling Bank Plc and media broadcast corporation, DAAR Communication Plc, owners of Ray Power FM and AIT Television, have announced a strategic partnership aimed at keeping Nigeria clean and safe through mass awareness campaigns on environmental sustainability. Objective of the strategic partnership is the amplification of Sterling Environment Makeover (STEM) message on sanitation through the Ray Power FM and AIT Television ...
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12 July
Ambode provides corner shops as alternative to street trading
The fight against eradication of street trading within Lagos Central Business District has received a boost with the introduction of 30 corners shops donated by Mikano International Limited. Receiving the corner shops at Onikan, the Special Adviser to the Governor on Central Business Districts, Mr. Agboola Dabiri, commended the gesture of Mikano in living up to its social corporate responsibility ...
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12 July
Etisalat new CEO struggles to rescue,expresses hope
Etisalat Nigeria is focused on getting the telecoms group back on track to make profit after it was saved from collapse, while working on the paperwork to eventually raise new capital. “Our mandate is to make sure the business runs as profitably as it can. What is most important now is to ensure that the business runs and meets its ...
