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Monday, February 17, 2020

Business

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...

BA Cabin Crew Launch 16 Day Strike Over Poverty Pay

British Airways cabin crew at the Heathrow airport have launched a 16 day strike over a long-running dispute over pay. Members of Unite in the so-called mixed fleet - those who have joined the airline since 2010 - walked out from...

Nigeria’s First Diaspora Bond Starts Trading On London Stock Exchange

Per Second News---The London Stock Exchange Thursday welcomed Nigeria’s first Diaspora Bond to start trading on the Main Market.   The first bond of its kind from sub-Saharan Africa, according to the exchange.  Nigeria’s Proceeds from the five-year, 5.625% bond will...

CBN Lifts Foreign Exchange Market with $195m

By Gift Olivia Samuel, Per Second News Abuja-The Central Bank of Nigeria (CBN), on Wednesday disclosed that it intervened in various segments of the inter-bank market to the tune of $195m. A breakdown of Wednesday’s intervention indicates that authorized dealers in...

Wema Bank Hit by N5.2billion Oil Deal Scandal…Accused of Issuing N346m Dud Cheques

Per Second News---A band of crime fighters have blown the lid off a banking scam perpetrated by the management of WEMA Bank PLC. A 2016 gross earnings of N54.25 billion and Profit After Tax (PAT) of N2.59 billion has been...
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Latest News

Africa has world’s highest burden of diseases, say experts

    …foreign drugs may not work for Africans   …clinical trials needed to develop current and future innovative inventions for prevention and...
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Royal father confirms he was viciously assaulted by ‘nuisance’ Oluwo of Iwo

  The Agbowu of Ogbagbaa, Oba Sikirulahi Akinropo, has confirmed that he was viciously attacked inside the office of the AIG, Bashir Makama, by Oluwo of...

Clinical research in Nigeria: Experts decry dearth of infrastructure, data, funding

  The Director, Project Management and Business Development (Africa), Clinique Research Development Ltd, Ms Mutiah Ipaye-Macaulay, says Nigeria still lag behind in clinical research globally...

Army Corporal ln Trouble For Brutalizing Abuja Disco Female Staff Over Disconnection 

   ....unions threaten service withdrawal over assault, others An Army Corporal, Ibrahim Auta NA07NA2672 of the 266, Light Battalion, Abuja has reportedly pounced on a female...

SERAP gives FG 7 days to disclose spending of recovered Abacha loot since 1999

    The Socio-Economic Rights and Accountability Project (SERAP) has asked the Federal Government to “disclose within 7 days of the receipt and/or publication of our...