CEO of Honeywell Flour Mills, Babatunde Odunayo, has stated that many companies in Nigeria will begin to shut down over the next four to six weeks. In an interview with CNBC Africa, he revealed that it was not the best time for anyone to be president of Nigeria, adding that devaluation would be harmful to […]
Continue ReadingPan African financial services group, United Bank for Africa (UBA) Plc has earned the prestigious ISO/IEC 20000-1: 2011certification from the British Standards Institution (BSI). The certification which was awarded to UBA after a process and systems audit, recognizes businesses that are able to link and execute business and IT objectives effectively through the implementation and […]
Continue ReadingGuaranty Trust Bank plc has announced the expiration and final tender results of the any and all cash tender offer (the “Tender Offer” or “Offer”) with respect to the U.S.$500,000,000 7.50 per cent. Notes due 2016 (the “Securities”), which Securities were issued by its wholly owned subsidiary – GTB Finance B.V. (the “Offeror”) – and […]
Continue ReadingIbe Kachikwu, minister of state for petroleum resources, has revealed that his acceptance to serve the country cost him “at least a million dollars every year”. Speaking in Abuja on Sunday, Kachikwu said although his former job was more rewarding financially, he decided to serve Nigeria for the love of his fatherland. He said all […]
Continue ReadingIn the face of crashing oil price in the global market, Nigeria’s Minister of Agriculture and Rural Development, Chief Audu Ogbeh, during his tour of agricultural projects backed up by Kano State government, called on state governors in the country to emulate Kano State in its efforts at boosting agriculture, food security and providing jobs […]
Continue ReadingOccupants of the Rauf Aregbesola Market, Iyana Ipaja, Lagos, have appealed to the Lagos State Government to intervene in the conflict between them and Alimosho Local Government Council. The local government on Friday threatened to eject the traders to pave way for the demolition of the structures to upgrade the market. The traders told the […]
Continue ReadingThe Chairman, Child Survival and Development Organisation of Nigeria, Mrs. Onari Duke, has decried the number of Nigerian women and children dying of cancer. Duke, who spoke at a dinner organised by CS-DON, as part of activities to mark the World Cancer Day in Lagos, urged stakeholders to take collective responsibility towards creating awareness and […]
Continue ReadingSonia Foods Industries Limited, a Nigerian owned company, manufacturer of Sonia Tomato Paste is making major improvements to its Shagamu, Ogun State factory plant as part of an ongoing plan to meet growing demand for its products and maximize efficiencies. The capital improvement project, valued at more than $8 million, will create more jobs likewise […]
Continue ReadingThe fall of the naira against the dollar continued on Monday, as the naira remained stable at a low, exchanging for N310 to the dollar at the parallel market. The naira previously exchanged between N305 and N307 to the dollar early last week. Despite the exchange rate at the parallel market, the naira closed at […]
Continue ReadingGuaranty Trust Bank plc, has joined the list of top 500 global banking brands in a study conducted by Brand Finance, one of the world’s leading brand valuation consultancy. In the report, which is to be published in the February edition of the Banker, GTbank rises to 389th in the league table of the world’s […]
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