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Tuesday, January 21, 2020

Business

NCC Approves Etisalat Nigeria’s Name Change-9Mobile

The Nigerian Communications Commission (NCC) has approved Etisalat Nigeria's name change, according to the company Wednesday. "Etisalat Nigeria wishes to inform its over 20 million subscribers, government, regulatory agencies ... the telecommunication company has changed its name to 9mobile," 9mobile said.   UAE's...

Skye Bank’s Liquidity Position has Stabilized, Says MD…Recovers N60billion from Debtors

Skye Bank's liquidity position and prime brokerage deposits have stabilized in recent weeks as it has successfully implemented cost management initiatives which has enhanced liquidity and efficient service delivery to its customers since the regulatory induced take-over of the bank...

Nigeria’s investment Rate Still Below Par – PwC Report

Nigeria's economic growth remain broadly unchanged in 2015 and 2016, significantly below the country’s long-term potential, shows the PwCs  recent economic paper, Boosting Investments: Nigeria's path to growth, estimates the size of investment needed to drive growth. The study shows...

Heritage Bank, Biase Plantations seal N232m pact on oil palm production

Heritage Bank Plc, Nigeria's Most Innovative Banking Services Provider, is set to restore Nigeria lost glory in the agricultural sector and reposition the country as the highest oil palm producer in the world with its recent signing of N232million...

Exclusive: Etisalat Nigeria Gets New Name- 9Mobile

Etisalat Nigeria has just greatly accelerated the pace of its effort to stabilize the troubled telecoms company by changing the name brand. Per Second News exclusively gathered that the new name is 9Mobile. At an executive meeting held in Lagos two...

FirstBank MD/CEO, Former President Obasanjo Courtesy Visit to Sierra Leone President Ernest Bai Koroma

Dr. Adesola Adeduntan, MD/CEO, First Bank of Nigeria Limited (middle) with Chief Olusegun Obasanjo, former President of Nigeria (left) and President Ernest Bai Koroma, President of Sierra Leone during a courtesy visit by FirstBank MD/CEO and former President Obasanjo...

Etisalat Pulls Out of Nigeria After Loan Talks Collapse

Troubled Etisalat has terminated its management agreement with its Nigerian arm and given the business time to phase out the brand in Nigeria, the chief executive of Etisalat International said on Monday. Nigerian regulators intervened last week to save Etisalat...

Tony Elumelu’s Top 5 Tips For Managerial Success

Tony Elumelu acquired and turned Standard Trust Bank into a top-five player in the banking industry at age 34. In 2005 he led the acquisition of United Bank for Africa, (UBA), later transforming it from a single bank to...

FOREX: CBN Announces Bids For Retail Auction

By Gift Olivia Samuel Abuja-The Central Bank of Nigeria (CBN) Wednesday announced bids for retail auction by authorized dealers in the inter-bank foreign exchange market, following its intervention in other segments of the market on Monday to the tune of...

Elumelu Urges DFIs to Support African Businesses

...Commends Afreximbank Chairman of Heirs Holdings and the Tony Elumelu Foundation, Mr Tony O Elumelu, challenged Development Finance Institutions, DFIs, over the weekend to get in the game and  support African businesses. "I urge other development finance institutions, particularly the Bank's African...
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Most Americans want Trump removed from office by Senate – CNN Poll

  A majority of Americans want the Senate to convict and remove President Donald Trump from office, according to a...
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Lalong is governor of Plateau, rules Supreme Court 

Nigeria's Apex Court has ruled that the March 9, 2019 election of Governor Simon Lalong of Plateau state was in order.  The court, in a...

$1.1bn Malabu Oil fraud: FG files charges against Adoke, Etete, Shell, others

  A former Attorney-General of the Federation and Minister of Justice, Mr Mohammed Adoke has been charged to court over alleged $1.1 billion fraud in the Malabu oil...

Slow, epileptic internet in Nigeria: Submarine cable damaged

     ...cripples communication, banks, business transactions Nigerian internet subscribers have continued to experience hitches and ceaseless downtime including banks, financial institutions, and the mass...

Lagos pipeline fire : Death toll rises to 5 as 39 vehicles consumed

  Causality figure in Sunday's  Abule Egba, Lagos  pipeline fire has increased from two to five. The fire followed an explosion from a ruptured the pipelines...