MainOne picks Minkels to boost lead in West-African Data Center market
MainOne, pioneer data center supplier for premier West African connectivity and data center Solutions Company has drafted in Minkels, part of the publicly traded company Legrand to enhance lead in the sub region. It would be recalled that MainOne blazed…
Ethiopian Airline, SAHCOL seal deal on cargo operations
Ethiopian Airlines has moved its cargo operations to Skyway Aviation Handling Company Limited (SAHCOL) as part of new understanding between the two companies to deepen ease of doing business. A statement issued yesterday by the General Manager, Corporate Communications, SAHCOL,…
Zenith Bank’s profit before tax grew by 16.6%
Zenith Bank Plc has posted a profit after tax of N121 billion in its results for the nine months ended September 30, 2016, indicating growth in profit before tax by 16.6 per cent. The result released by the bank to…
First Bank, Travelex impacts fail to help naira, weakens to N470 on renewed shortage
The recent fiscal policy tumble that produced First Bank and Travelex as lead dealers in forex has signaled failure at the parallel market Wednesday. Otherwise, the naira tumbled to 470 against the United States dollar yesterday; down from 455 on…
Bank of Ghana considering CBN’s policy on BVN
Signals have emerged that the gains made by the Central Bank of Nigeria (CBN) in driving Biometric Verification Number (BVN) in the country, may have excited the Bank of Ghana as it begins the process of incorporating BVN in all…
Stakeholders endorse Jaiz Bank’s listing at NSE
Nigeria’s first non-interest bank, Jaiz Bank Plc, is now set to be listed and traded on the floor of the Nigerian Stock Exchange following the massive approval given by shareholders Wednesday to list on the floor of the Nigerian Stock…
Dangote on 6 schemes capable of triggering $15bn forex surplus yearly
As access to foreign exchange bits harder, Pan-African conglomerate, the Dangote Group has said it is currently driving six major projects which will yield foreign exchange earnings of about $15 billion annually for the nation. President of the Group, Aliko…
Senate radar on Customs over revenue leakages as Adeosun decries rot
The Senate on Wednesday embarked on what it described as a comprehensive probe into the activities of the Nigeria Customs Service (NCS) to block revenue leakages and enhance generation. This as the Minister of Finance Mrs. Kemi Adeosun has decried…
DPR investigates depot owners for selling petrol above official price
There was momentary crossfire of arguments yesterday at the Apapa tank farm and Jetty as the Department of Petroleum Resources (DPR) began investigation into some depot owners in the vicinity over allegations of selling petroleum products above the official ex-depot…
Full Speech of President Muhammadu Buhari during the inauguration of the Presidential Committee on North East Initiative on October 26, 2016
Today marks an important milestone in our desire and determination to restore normalcy and stability to the North Eastern part of our country. The devastation to human lives and livelihoods by the insurgency in the North East is severe, with…
