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Again CBN lifts market with $195m 

On the first day of transaction after the Eid-el-Fitr celebration, the Central Bank of Nigeria (CBN), onWednesday June 28, 2017, intervened in various segments of the inter-bank market to the tune of $195m. A breakdown of Wednesday’s intervention indicates that authorized dealers in the wholesale window segment received a $100 million offer from the Bank, while the Small and Medium ... Read More »

France to invest €1bn in Nigeria’s oil sector

The French government has announced that it has set aside about €1bn to be invested in Nigeria’s oil and gas industry, and that Nigeria remains its first economic trading partner in Africa. The France Ambassador to Nigeria, Denys Gauer, announced this when the Group General Manager, Group Public Affairs Division of the Nigerian National Petroleum Corporation, Mr. Ndu Ughamadu, led ... Read More »

Google fined record €2.4bn by EU over search engine results

  Brussels claims tech giant abused market dominance by manipulating its search engine results to favour its own comparison shopping service The European Union has handed Google a record-breaking €2.42bn (£2.14bn) fine for abusing its dominance of the search engine market in building its online shopping service, in a dramatic decision that has far-reaching implications for the company. By artificially ... Read More »

Our refinery‘ll transform economy, says Dangote

Dangote Group’s investment in oil and gas will transform the economy from a single commodity market to a sustainable diversified economy, Chief Executive Aliko Dangote has said. His mission is to reverse Nigeria’s import-dependency to self-sufficiency in commodities it has spent its earnings to import, the frontline businessman said. Dangote told a forum of international business leaders and Nigerian business ... Read More »

UBA Foundation launches Read Africa in Liberia

In pursuance of its mission to uplift the lives of the communities in which the United bank for Africa (Plc) operates, UBA Foundation’s initiative, Read Africa is visiting schools in African countries to encourage young children embrace the culture of reading. Read Africa is an initiative of UBA Foundation geared at rekindling the dwindling reading culture amongst African youths. Conceived ... Read More »

South African Bankers Excited With LBS Training, Keen On Investment In Nigeria

South African Investment Bankers have lauded the Lagos Business School for hosting the International Executive Development Programme (IEDP) for the Banking Sector and Training Authority (BANKSETA), held in Lagos Nigeria. The five-day programme which started on Monday, June 19, 2017, brought together high potential leaders from the investment banking sector in South Africa and immersed them into the best practices ... Read More »

Adesina wins prestigious $250,000 World Food Prize

Akinwumi Adesina, president of the African Development Bank, has been named the winner of this year’s World Food Prize. The prestigious U.S.$250,000 prize is given annually to a person who has worked to advance human development by “improving the quality, quantity or availability of food in the world”. Over a 31-year existence, the award has become known as the ‘Nobel Prize’ ... Read More »

Power, Environment, Transport Sectors To Get More Attention In Lagos – Ambode

…Says Lagos Open To Assist, Learn From Other States Lagos State Governor, Mr. Akinwunmi Ambode has said that his administration would prioritise attention to the Power, Environment and Transportation sectors in the next two years to drive all round development of the State. Governor Ambode, who spoke during an interview session with journalists, said the three sectors are crucial to ... Read More »

Stop blackmailing us: Senators, Reps Tell Fashola

The Senate and House of Representatives are squaring up to Works, Housing and Power Minister Babatunde Fashola over allegation that the legislature messed up the ministry’s 2017 budget. They labelled the minister’s allegation as wrong information, half truth and blackmail. Fashola, last week, accused the lawmakers of slashing his ministry’s appropriation for some critical projects, and at the same time ... Read More »