Business news
Winifred Bosa The calendar of events for the 2017 All Africa Music Awards (AFRIMA) in partnership with the African Union will be unveiled on May 2 , 2017 at a joint AUC-AFRIMA cultural conference to be held in Johannesburg, South Africa. The 2017 entry submission timeline for the prestigious continental awards will also be revealed […]
LAGOS, NIGERIA –April 5, 2017 – Wema Bank Plc. (Bloomberg: WEMABANK: NL) Wema Bank Plc. has found a compelling business opportunity in Kaduna, where more than N60 billion in investments have gone over the past year. The bank has now opened a branch in the city to provide banking services to individuals and firms with […]
Justice I. E. Ekwo of the Federal High Court sitting in Calabar, Cross Rivers State has remanded the Chief Medical Director (CMD) of University of Calabar (UNICAL) Teaching Hospital, Professor Thomas. U. Agan, two other staff of the University and promoters of two companies in prison custody. This was as a result of their arraignment […]
A staff of the Independent National Electoral Commission, INEC, Christian Nwosu has pleaded guilty to receiving N30million as bribe from the N23billion alleged Diezani bribe meant to compromise electoral officers before the 2015 general election. Nwosu was among three INEC officials that were docked recently by the Economic and Financial Crimes Commission, EFCC, before Justice […]
The humanitarian catastrophe in Syria has continue to unfold in magnitude. The unrelenting violence has taken almost 300,000 civilians and 1.5 million people are injured, including thousands of women and children. Today, almost 13 million people inside Syria and 5 million refugees in neighbouring countries are in need of urgent health assistance. The human misery […]
The Nigerian Content Development and Monitoring Board (NCDMB), has expressed deep concern over the importation of substandard cooking gas cylinders in the country. The Board attributed this to insufficient cylinder production in the country which has prompted it to initiate a plan to expand local manufacturing of cylinders. Mr. Simbi Wabote, the Executive Secretary of […]
Oil rose to a near one-month high on Wednesday on signs of a gradual tightening in global oil inventories and on concerns about a supply cut at a field in the United Kingdom’s North Sea that feeds into an international benchmark price. Brent crude futures, the international benchmark for oil, were at 54.52 dollars per […]
Nigeria has begun a project aimed at using technology to tackle humanitarian crisis in the north east of the country where activities of the Boko Haram insurgents has led to the displacement of large number of people. Vice President Yemi Osinbajo stated this at the Transcorp Hilton, Abuja during the grant signing ceremony under the Growth […]
The Nigerian Government has no plan to sell one of the country’s national monuments, the National Theater located in Lagos, the former capital. Minister of Information and Culture, Lai Mohammed revealed this in the city of Cannes in France during a round table discussion with some Nigerian television and online content developers on the sidelines […]
Amaka Obiefuna. N3.13 billion; that is what FBNInsurace recorded as Profit Before Tax (PBT) in its 2016 operation. When you compare this result to that of the previous year which is N1.8 billion; it represents a whopping 70% increase in profit, though, the insurance firm’s gross premium written (GPW) dropped by four per cent from […]