African startups are to learn what it takes to build a world-class brand from Africa’s richest man and chairman of Dangote Group, Alhaji Aliko Dangote, as he is set to address a global audience at the 2015 edition ...

The appointment of Tomi Somefun as the new Managing Director/Chief Executive Officer of Unity Bank Plc has been confirmed by the Central Bank of Nigeria. The confirmation is coming on the heels of the departure of the immediate ...

Spokesman of the National Cashew Association of Nigeria (NCAN), Sotonye Anga, on Thursday, August 13, said that cashew nuts export from the 2015 planting season had contributed about N50 billion to the economy. According to him, the sub-sector had ...

Lenovo Group, the world’s biggest Personal Computer (PC) maker, has disclosed plans to lay off about 3,200 employees after profits dropped by more than halved in the second quarter of 2015. The company announced on Thursday that the ...

Various reactions have trailed the directive by the Federal Government that Federal Ministries, Departments and Agencies (MDAs) must now implement Treasury Single Account (TSA), with Financial analysts in the country saying that the move will further weaken earnings in ...

The Federal Inland Revenue Service, FIRS , has announced that it will clamp down on tax evaders by denying access to banking facilities for individuals and companies that fail to join its register. FIRS Chairman, Mr. Sunday Ogungbesan, who ...

Transnational Corporation of Nigeria Plc has announced plans to consolidate its power business subsidiaries, Transcorp Ughelli Power Limited and Ughelli Power Plc into one entity. In a letter to the Nigerian Stock Exchange of the plan in a ...

The Central Bank of Nigeria, CBN , has directed all banks authorised to deal in the foreign exchange market to give priority to customers who need foreign currencies for the payment of school fees, students’ maintenance allowances as ...

The Independent Petroleum Marketers Association of Nigeria, IPMAN, has kicked against the move by the management of Capital Oil to sanction some petroleum marketers for allegedly collecting petroleum products from its terminal and reselling at prices above the stipulated ...

Following the fall in the quality of the produce from the country due to high dependence on traditional planting system, Nigeria is losing its position as a yam exporter to Ghana, the International Institute of Tropical Agriculture has said. ...

Reports in the media suggest that President Muhammadu Buhari might be leading the Ministry of Petroleum for about 18 months before he appoints a substantive minister for the ministry. The President allegedly made this known while meeting with ...

GE Africa, in partnership with the United States African Development Foundation and the US Agency for International Development, has awarded $1.1m to 11 companies across Nigeria, Tanzania, Kenya, Ghana and Ethiopia, with each company receiving a grant of ...

As parts of efforts to increase the number of exportable goods following the fall in nation’s oil revenue, the Nigerian Export Promotion Council (NEPC) says it has identified 13 National Strategic Export Products (NSEPs) to replace oil in ...

The Federal Government is looking to recoup its money from power distribution companies which are owing by calling on their bank guarantees. This, it was gathered, had been brought before Vice President Yemi Osinbajo, who is the Chairman ...

Talk about regional partnership. West African investors struggling to buy shares on their own markets because of low liquidity can now turn to any of the markets in the sub-region to meet their demand. United Capital Plc in ...

Former member of the House of Representatives, Abike Dabiri-Erewa, has instituted a N500 million libel suit against Diamond Bank Plc for maliciously identifying her as one of its chronic debtors. In an affidavit filed on her behalf at ...

The management of United Bank for Africa (UBA), in a bid to consolidate its leadership position and safeguard its vast assets,  has approved the implementation of a-state-of-the-art accounts reconciliation software, CLIREC, across all branches in Nigeria and global operations ...

The National Identity Management Commission, NIMC, has announced that it has completed plans to deploy the National Identification Number (NIN) authentication and verification service link to all ministries, departments and agencies (MDA’s) and banks across the country. General ...

The Ibadan office of the Department of Petroleum Resources, which oversees Oyo and Osun states, has shutdown about 100 petrol filling stations across the two states in the culmination of a week-long exercise aimed at sanctioning marketers selling ...

Governor of Kaduna State, Mallam Nasir El-Rufai, has given a directive to all banks with accounts of the state government to close them, saying that the move was to give way for implementation of the Treasury Single Account, TSA, ...