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About 120 S/African firms doing business in Nigeria, but no Nigerian firm in SA

xenophobic attacks in South Africa

Fresh facts have emerged on why the Minister of Information and Culture, Alhaji Lai Mohammed only stopped at telling the Ambassador of South Africa, Mr. Lulu Mnguni, who paid him a courtesy visit that “there are over 120 South African companies doing business in Nigeria,” but failed give the data of how many Nigerian firms that do business in South ...

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How data segment boosted Bharti Airtel’s 2016 Q4, 2017 Q1 earnings

Bharti Airtel

Indications have emerged showing that the reported $6 million profit from Nigeria and other African countries where Bharti Airtel has operations, stemmed from earnings on growth in the data customer base and consumption. Besides, the overall revenue growth was helped by currency stabilisation in most markets. Airtel was among telecoms conglomerates that recorded a significant growth in Q4, 2016, and ...

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Visa regional office now in Cote D’Ivoire to grow Western, Central African markets


Visa, a global payments technology company, has announced that it has opened its regional headquarters for the Western and Central Africa region in Abidjan, Cote D’Ivoire. Visa staff will work with local governments, financial institutions and merchants to bring the benefits of electronic payments, and introduce new payments technologies such as mVisa to more people in Cote D’Ivoire and the ...

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FG to drive new ERGP with establishment of Trade Negotiation Office


As part of strategic moves to propel the new development roadmap, the Economic Recovery and Growth Plan (ERGP), the Federal Government has approved the establishment of Nigerian Trade Negotiation Office (NTNO) expected to serve as the central database for trade agreements. Minister of Industry, Trade and Investment, Dr. Okay Enelamah said in Abuja yesterday that the office is to help ...

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IGP opens up, says Police needs 150,000 more officers to secure Nigeria


Addressing conferees at the beginning of a two-day national summit on security in Abuja on Thursday, the Inspector general of Police, Mr. Ibrahim Idris has revealed that there is a manpower shortfall of 150,000 in the Nigeria Police Force (NPF). He argued further that the main cause of the drop in the number of officers and men in the force ...

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FG may consider Bi-Courtney in fresh plan to concession Lagos-Ibadan Expressway


Barely three days after Dr. Wale Babalakin, chairman of the former concessionaire of the Lagos-Ibadan Expressway, Bi-Courtney Highway Services Limited opened up on the N200b owed one of his companies in the aviation sector following an award of cost to his company by a Court ruling, the Federal Government is considering a proposal to involve his company in the fresh ...

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Yudala names, Wole Ogundare new CEO days after acquiring Yes Mobile

Yudala Wole OGUNDARE

Yudala, Nigeria’s fastest growing composite e-commerce outfit, has announced the strategic appointment of Mr. Wole Ogundare as Chief Executive Officer. The appointment takes effect from May 1st 2017. Wole Ogundare’s appointment comes barely a week after the company announced its acquisition of Yes Mobile, a cosmopolitan high-value retail outfit and the decision to add the Yes Mobile chain of store ...

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Ike Chioke, replaces Emir of Kano as Speaker for AUN’s 9th graduation ceremony

AUN Main Gate

The American University of Nigeria (AUN) has named Rhodes Scholar and leading investment banker, Ike Chioke of Afrinvest West Africa Limited, as the new keynote speaker for its graduation ceremony at the Lamido Aliyu Musdafa Commencement Hall on the Yola campus this Saturday. A first-class Civil Engineering graduate of the Obafemi Awolowo University, Ile-Ife, and trustee member of the AUN ...

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NASCON’s products to boost revenue, profitability—- Fatima Aliko Dangote


Executive Director Commercial of NASCON Allied Industries Plc, Fatima Aliko Dangote has expressed delight at the expected significant increase in both turnover and profitability of the company, as a result of the proposed new products, to be released to the market before the end of this year. Explaining issues with select media men on Tuesday, Fatima said the arrangements for ...

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Shareholders hail NASCON over dividend payout, plans for new product line


The Management of NASCON has assured shareholders of bumper returns on their investment in the company as it has concluded arrangements to roll out more products before the end of this year. When introduced, the new products will enhance the company’s turnover, profitability and ultimately rub-off positively on the shareholders. Chairperson of the company, Yemisi Ayeni at the Annual General ...

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