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New joint consortium takes charge at Keystone Bank, assures early return to profitability


New owners of Keystone Bank Limited, Sigma Golf-Riverbank consortium have taken full possession at the bank and assured that their key duty now is to raise public confidence and quickly return the bank to profitability. The Asset Management Corporation of Nigeria (AMCON), weekend did the handover to the twin investors, Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited. AMCON ...

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LG concludes plans to launch Payment App, LG Pay in June


Global electronic giant, LG has said it will roll out its mobile payment app alongside with its U.S brand’s newest flagship product — the LG G6 phone. The South Korean electronics maker explained that LG pay will enable people to make payments using a technology that is surprisingly similar to Samsung Pay’s which enables a payment when a phone is ...

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Chi Farms seal deal to train fish farmers, supply accessories to grow industry in Nigeria

Chi farms

Leading agricultural conglomerate, Chi Farms has signed partnership agreements with all fish farmers to assure supply of high quality catfish juveniles, quality fish feed, and continuous technical support. This is coming after it has concluded the training and certification of a pilot group of 22 smallholder fish farmers who were trained in Best Practices in Professional Fish Farming at one ...

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Nigeria, Kenya, Ghana lead in 1,000 successful entrepreneurs for training by TEF this year

Tony Elumelu

In keeping with its youth development and empowerment policy, the Tony Elumelu Foundation (TEF), an African philanthropic organisation has announced the selection of another 1,000 successful African entrepreneurs. In a statement TEF said the beneficiaries of the business training and $10,000 fund were selected from over 93,000 applications across the continent. According to the Foundation, applications received from the 55 ...

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Senate Committee joins growing supporters of emerging ICT Varsity

Shittu, Comm Minister

The Senate Committee on ICT & Cyber-Crime has hailed activities of the Minister of Communications, Adebayo Shittu for his initiative on the proposed establishment of the ICT University of Nigeria. The Committee gave kudos to the Minister for his ingenuity in proposing a specific training institution for manpower development in the ICT sector, which will be the first of its ...

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Biggest fears of startups in entrepreneurship, solutions, by Yudala


Setting out as an entrepreneur and making a success out of it is not a task for the faint-hearted. This reality is more pronounced in a peculiar business terrain such as Nigeria. Indeed, most entrepreneurs have the mind-set of an orphan as the pains of failure are borne all alone. This is why success is a driving force for all ...

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Ikeja Electric fingers rainstorm over power outages in distribution zone

Ikeja Electric

The Ikeja Electric has traced massive power outage experienced in parts of its jurisdiction on March 20 night to heavy rainfall which destroyed its equipment. In a statement in Lagos Tuesday Ikeja Electric said areas affected by the outage included Ikola, Amikanle, Command Road, Olodan, Ekoro Road, Abule-Tailor and environs. The statement signed by Head of Corporate Communications, Mr Felix ...

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ICT has all it takes to push SMEs contribution to GDP above 1%, says Minister

Adebayo Shittu

The Minister of Communications, Alhaji Adebayo Shittu has identified proper development and deployment of Information Communication Technology (ICT) applications in production processes of products and services as the catalyst that can propel the Small and Medium Scales (SMEs) to increase its present contribution of one percent to the nation’s Gross Domestic Product (GDP). He disclosed that despite the fact that ...

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Elumelu drills Ghanaian Varsity students, youths on the ABC of entrepreneurship

Group chairman of UBA Plc, and founder of the Tony Elumelu Foundation (TEF), Mr. Tony Elumelu addressed Ghanaian youths on how to achieve business success early in life without failure. Relying on his wealth of his business intelligence experience and in continuation of his strategic vision of engineering and robust business relationship across the continent using Africapitalism as a tool ...

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Why FG cut fertiliser price by half for farmers

Audu Ogbeh

To deepen food productivity even in the face of recession, President Muhammadu Buhari has approved the payment of the outstanding N22bn meant for dealers of agricultural inputs, popularly known as agro-dealers, in order to ensure the seamless distribution of fertilizers. The target is to make the input available to farmers at an approved rate of N5,500 for 50kg instead of ...

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