Business News

End looting, end poverty: The Econet Story

End looting, end poverty: The Econet Story By Mobolaji Ajani Strive Masiyiwa, CEO and Founder of Econet Wireless, recently took to his blog to reveal his side of the story behind the company’s downfall in Nigeria. An extract from the blog post:

Read More »

Nigerian Breweries Explains Reenue Growth, Hundred Perent Dividend Payout

Victoria Hanson Nigerian Breweries Plc, the foremost brewer in the country, has explained that the N314 billion revenue it recorded in the 2016 financial year is  as a result of its twin agenda of Cost Leadership and Market Leadership supported by Innovation.Managing Director of the Company, Mr. Nicolaas Vervelde explained to journalists at a media briefing in Lagos on Tuesday, ...

Read More »

Lagos denies involvement in Berger Retail Market’s demolition

…We Don’t Demolish Without Adequate Notice, Says Commissioner  The Lagos State Government on Friday debunked media reports linking it to the demolition of Berger retail market, saying that the allegation was far from the truth.

Read More »

Minister of Industry, Trade & Investment parleys Ambode

PIX 4036 & 4019: Lagos State Governor, Mr. Akinwunmi Ambode (2nd left); Minister of Industry, Trade and Investment, Mr. Okechukwu Enelamah (2nd right); Acting Lagos State Head of Service, Mrs. Folasade Adesoye (right) and Senior Special Assistant to the President on Industry, Trade and Investment, Dr. Jumoke Oluwole (left) during a media briefing shortly after the Minister’s meeting with the Governor ...

Read More »

Lagos true model for growing businesses in Nigeria – FG

…Friendly Business Environment Key To Improved GDP, Says Ambode The Federal Government on Thursday described Lagos State as a true model of the vision of improving on the ease of doing business and turning Nigeria into one of the easiest and most attractive places for investors in the world.

Read More »

Ambode hosts Executives of Nigerian-British Chambers of Commerce

    P1x 1: Lagos State Governor, Mr. Akinwunmi Ambode (3rd right); President & Chairman of Council of  Nigerian-British Chamber of Commerce, Prince Dapo Adelegan (3rd left); Past President, Nigerian-British Chamber of Commerce, Prince Adeyemi Adetulu (2nd left); Special Adviser to the Governor on Commerce, Mr. Adeyemi Olabinjo (left);

Read More »

Skye Bank determined to recover N1.14billion Debt from CentreSpread

Victoria Hanson Despite signing new affiliation with Grey Advertising, investigations have revealed that Skye Bank Plc is determined to recover the alleged indebtedness of N1.14billion from CentreSpread Limited and its Chief Executive Officer (CEO), Mr. Kolawale Ayanwale. It would be recalled that CentreSpread and its Chief Executive Officer, Kolawale Ayanwale are currently enmeshed in a court action with SkyeBank PLC ...

Read More »

Ebute-Ibafo Speed Boat Operators Seek Government Intervention On Jetty

Operators of speed boats in Ebute-Ibafo area of Lagos State have requested for the intervention of the state government on the repair of the jetty in the station. According to the Chairman of the operators, Mr. Olukolun Oseni, the boat operators in the area abandoned the jetty, which was built in 2012, because its  substandard.

Read More »

CBN Asks Nigerians To Report Any Bank That Fails To Give Them FOREX

In a statement released on its website today, the Central Bank of Nigeria CBN, has asked Nigerians seeking to buy forex for BTA, PTA, medical and school fees but are being frustrated by any bank, to call this number 07002255226 to report such bank.

Read More »

Nigerian govt unveils management, board members of new Development Bank

The Federal Ministry of Finance on Thursday announced details of members of the board and management of the newly licensed Development Bank of Nigeria, DBN. The management team is led by Tony Okpanachi, a banker and erstwhile Deputy Managing Director/Deputy CEO, Ecobank Nigeria Limited. Before his appointment as Managing Director/ CEO of Development Bank of Nigeria, he was the Deputy ...

Read More »