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Business

April, 2016

  • 25 April

    Civil War Bullet Wound Is A Reason For My Sickness -IBB

    Former Military President, General Ibrahim Badamasi Babangida, has broken the silence to refute the rumours that he is bedridden or dead. Babangida spoke with select newsmen on Sunday afternoon in his home in Minna, the Niger State capital. He said: “It is true I have minimised my appearance at public functions because of my ill health, but not to the ...

  • 25 April

    Heritage Bank MD,Sekibo , Pinpoint 6 Benefits Of New Reward Deals For Customers

    Heritage Bank has introduced two customer reward schemes that will enable it offer exceptional services to its customers. The programmes, MyHeritageReward and HB Concourse, flagged off at the bank’s head office in Lagos, at the weekend, were meant to encourage and reward its customers. (1)The MyHeritageReward is a loyalty programme that allows customers to win mouthwatering prizes for using various ...

  • 25 April

    FCMB Consolidates As Largest Retail Lender In Nigeria

    GMD/CEO of FCMB, Mr. Ladi Balogun

    First City Monument Bank (FCMB) Limited has continued to build a valuable franchise in the retail space. The lender has not only created innovative products and service offerings that resonate with the needs and lifestyles of the market, but also provide superior customer service that meets clients’ needs. This conscious drive by the bank to carve a niche for itself ...

  • 24 April

    Tinubu Is Behind My Travails -Saraki

    President of the Senate, Dr. Abubakar Bukola Saraki, has narrated how he frustrated the ambition of a National Leader of their party, the All Progressives Congress, Asiwaju Bola Ahmed Tinubu, to emerge as the Vice Presidential candidate of President Muhammadu Buhari. Saraki, in response to an article by veteran journalist, Dele Momodu, said owing to his refusal to support Tinubu’s ...

  • 22 April

    We’ve powers to arrest traffic offenders – FRSC

    The Federal Road Safety Commission (FRSC) has denied rumors concerning the right to arrest traffic offenders. “For the avoidance of doubt, there are reported Court of Appeal decisions to the effect that the FRSC has powers to arrest, issue notice of offence to suspected violators; and impound vehicles used to commit traffic offences. There is no recent judgment of the ...

  • 22 April

    Zenith Bank Emerges Toast Of Investors At Stock Exchange

    New-Zenith-Boss, Peter Olisamedua Amangbo

    The Nigerian Stock Exchange on Thursday sustained positive growth with the market capitalisation appreciating further by N43 billion. Zenith Bank was the toast of investors, trading 21.56 million shares worth N259.39 million. It was followed by Guaranty Trust Bank with a total of 21.52 million shares valued at N345.55 million, while FBN Holdings traded 17.07 million shares worth N57.46 million. ...

  • 22 April

    Elumelu Honoured With Lifetime Achievement Award In Côte d’Ivoire

    The chairman of UBA Group Plc, Tony Elumelu, has been honoured with a Lifetime Achievement Award in Abidjan…. The Ivorian National Council of Employers, General Confederation of Enterprises of Côte d’Ivoire (CGECI) presented African businessman and investor, Tony Elumelu, with its 2016 CGECI Lifetime Achievement Award on April 21, 2016 in Abidjan, Côte d’Ivoire. The formal presentation was at the 5th ...

  • 22 April

    Police arrest woman, 60, for buying five babies at N5m

    A 60-year-old woman, Asabi Adebayo, has been arrested by the police in Oyo State for allegedly buying five babies at N5million from Port-Harcourt, Rivers State. The suspect, who planned to fly the babies abroad for sale, was said to have brought them to an orphanage in Ibadan to obtain a certified police report for them when the bubble burst. Commissioner ...

  • 22 April

    The Rise And Rise Of Dangote In Africa Cement Production

    dangote cement

    Dangote Cement Plc invested over $5bn to build 44 million tonnes per annum cement factories in eight African countries in 2015, the firm said in its 2015 annual report. These countries are: Nigeria, Cameroon, Ethiopia, Senegal, South Africa, Tanzania, Zambia and Ghana. The Chairman, Dangote Cement, Aliko Dangote, was quoted in the report as saying that the business model of ...

  • 22 April

    Panic In Jonathan’s Camp , As EFCC Arrest Nenadi Usman

    There are indications that ex-president Jonathan’s camp is uncomfortable with arrest of a major actor in funds transfer for his failed presidential bid..the Economic and Financial Crimes Commission  arrested the Director of Finance of the Goodluck Jonathan Campaign Organisation, Senator Nenadi Usman, for allegedly receiving N2.5bn from the Central Bank of Nigeria. A top official of the EFCC, said the ...