The PZ Cussons Africa, a homecare product maker, says the company has no plans of withdrawing its services and leaving Nigeria. Christos Giannopoulos, Chief Executive Officer (CEO) of PZ Cussons, Africa made the declaration at the Alex-Ekwueme Federal University, Ndufu-Alike Ikwo (AE-FUNAI) Ebonyi, during the inauguration of institution’s upgraded chemical laboratory. Giannopoulos described the news […]
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The Naira on Thursday traded flat at N360.5 to the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports. The Pound Sterling and the Euro closed at N469 and N408 respectively. At the Bureau De Change (BDC) segment, the naira traded at N360 to the dollar, while the Pound Sterling […]
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The Independent National Electoral Commission (INEC) says it will probe the TraderMoni micro-credit scheme of the Federal Government. INEC Chairman, Professor Mahmood Yakubu, disclosed this to reporters on Thursday in Abuja, the nation’s capital. While the preparations for the coming elections were taking shape, the INEC chairman raised several concerns about vote buying by some […]
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The Federal Government is to receive $75 million incentive financing from the Bill & Melinda Gates Foundation to strengthen routine immunisation and broader primary healthcare services in the country. The new financing was announced on Tuesday in Abuja during the signing of a five years agreement with Nigeria. Under the agreement, the Gates Foundation will […]
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United Bank for Africa (UBA) Plc has indicated its readiness to support the Japanese government in its drive to promote Small and Medium Scale Enterprises across Africa. The Chairman, UBA Group, Mr. Tony Elumelu, indicated this on Monday, when the members of the Japan External Trade Organisation (JETRO), led by its CEO, Mr. Hiroyuki Ishige, […]
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Sèmè City, the International Knowledge and Innovation City, has partnered with the Tony Elumelu Foundation (TEF), the leading philanthropic organization empowering African entrepreneurs to train and empower additional 50 Beninese entrepreneurs. Sèmè City will join a growing list of governments, development agencies and private sector organisations partnering with the Tony Elumelu Foundation to explore the Foundation’s sustainable model of philanthropy […]
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A new African free trade area could be just weeks away as the last few countries ratify an agreement signed last year. The plan to boost intra-African trade by half is gaining much attention in Davos this year. When you ask Tony Elumelu if Africa would profit from free trade, the Nigerian entrepreneur and philanthropist […]
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The Asset Management Corporation of Nigeria on Tuesday said it will seek new investors to take over Nigeria’s money deposit bank, Polaris. Jude Nwauzor, the spokesperson of AMCON, told Reuters that the move would be perfected after the general elections in February. Mr Nwauzor said the corporation is taking stock of the bank’s assets ahead […]
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The house of representatives has passed a bill seeking to criminalise estimated billing in the country, among other things. The lower legislative chamber passed the bill on Tuesday after considering the report of its committee on power sector. The report was adopted unanimously after Yusuf Lasun, deputy speaker of the house, put it to a […]
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Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation of Nigeria Plc (Transcorp) and owners of the award-winning Transcorp Hilton Abuja and the iconic Transcorp Hotels Calabar hosted a farewell/welcome dinner in honour of its immediate past Managing Director/CEO, Valentine Ozigbo who has been elevated to the role of the President/CEO of Transcorp Plc and […]
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