AMCON, banks, foreign investors’ line up for hostile acquisition of debt-ridden Etisalat
The state of non-performing loans and chronic debt profile of hitherto bustling telecoms giant, Etisalat has started to elicit takeover discussions amongst three set of groups including the traditional bad debts buyers, Asset Management Company of Nigeria (AMCON), banks and…
Access Bank releases result, rakes in N90.3bn on full year profit for 2016
Leading money deposit bank, Access Bank Plc has announced its audited results for the full year ended 31 December, 2016 and proposed a final dividend of 40 Kobo per share bringing the total dividend for the year to 65 Kobo….
Fidelity Bank reveals SMEs don’t have NPLs, disburses N2.3bn to 102
In keeping with its customer care and small business empowerment, Fidelity Bank Plc has disbursed about N2.3 billion of SMEs funds to 102 customers, out of which about N400 million had been repaid so far. Giving a rundown of the…
TA Associates now part owners of Interswitch, details veiled
Emerging global private equity firm, TA Associates, has sealed a new deal to acquire minority interest in Interswitch. Interswitch is an Africa-focused integrated digital payments and commerce company with mega stakes in Nigeria. A statement indicated that the transaction was…
MTN’s delivery of 3,632 BTS in 2016 further douses exit speculations
There seems to be more gimmick than reality in the now collapsed exit speculations when some activities and network performance of the telecoms giant, MTN Nigeria are put on the table for a critical review. First, whereas many were thinking…
EFCC Vs. Emeka Mba: The Puzzles, Contradictions
BY LEO OBAZE Yesterday, Wednesday, March 8, 2019, the Federal High Court, Abuja, adjourned the trial of the former Director- General of the Nigerian Broadcasting Commission (NBC), Emeka Mba, till April 4 for the continuation of hearing. Justice Kolawale adjourned…
Job loss looms as JAMB restricts Cyber Café online services in UTME registration
Disquiet can best be described as scenario playing out since the Joint Admissions and Matriculation Board (JAMB) announced total restriction on the use of Cyber Café business centres by Unified Tertiary Matriculation Examination (UTME) students. JAMb had only allowed Computer…
Fears as unveiled economic recovery plan aims to privatise refineries, national assets
Indications have emerged that the federal government is bent on privatizing key oil and gas stakes, a plan that has continued to face stiff opposition by Nigerians no matter the code government is trying to force it on Nigerians. It…
Recovery signs emerge as Nigeria returns to Africa’s top oil producer
The reign of Angola as the leading oil producer in Africa has finally come to an end as hostilities reduces to barest minimum in the Niger Delta. At the height of the vandalism and kidnapping of oil workers in producing…
Nigerian oil reserves look good as ExxonMobil discovers new one billion crude deposits
Recent discovery of massive crude oil deposits by ExxonMobil has been seen by experts as an added advantage to the economy is a tailored policy framework is worked out to track the exploration. The discovery has however pushed up Nigeria’s…
