All posts by BusinessNews Staff

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  International investors focusing on Nigeria, three others for growth and investment – KPMG boss

  The Chairman, KPMG global, Mr. Andrew Michael has said that Nigeria is one of the four countries that International investors would want to invest in. Andrew said this while addressing newsmen in Lagos on his working visit...

  • Posted March 7, 2013
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  NSE Market Capitalisation Losses N17bn

  Trading on the Nigerian Stock Exchange (NSE) maintained the depressed note on Wednesday with the market capitalisation dropping by N17 billion. The News Agency of Nigeria (NAN) reports that the market capitalisation, which opened at N10.490 trillion,...

  • Posted March 6, 2013
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  Airtel unveils data plans for BlackBerry 10

  Shortly after becoming the first operator to sell the flagship BlackBerry 10 in its shops nation-wide, leading telecommunications service provider, Airtel Nigeria has unveiled special data bundled packages exclusively for the top notch smartphone device. The Airtel’s...

  • Posted March 6, 2013
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  “Nigeria never had $67bn in foreign reserves” – Sanusi

  Contrary to the claims by former Minister of Education, Mrs. Oby Ezekwesili that the country had $67bn in foreign reserve, the Governor, Central Bank of Nigeria, Mr. Lamido Sanusi on Tuesday said such amount never existed. Sanusi...

  • Posted March 6, 2013
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  Ilasa-Ekiti robbery: Former bank manager, four others arraigned

  A former bank manager, Ayokunle Asaba (36), and four others were yesterday arraigned before an Ekiti State Magistrate’s Court for allegedly robbing a first generation bank in Ilasa-Ekiti on May 24, last year. The others are Dele...

  • Posted March 6, 2013
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  Jumia, Nigeria’s largest e-commerce retailer, receives 20m Euros funding from Summit Partners

  Jumia, Africa’s largest and fastest-growing e-commerce retailer with websites in Nigeria and in Egypt and Morocco, announced today that it has received an investment of €20 million from leading growth equity investor Summit Partners. Summit Partners will...

  • Posted March 6, 2013
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  Financial advisers recommend sale of Keystone, Enterprise, Mainstreet Banks

  The three nationalised banks whose status were assessed by Assets Management Corporation of Nigeria, AMCON, have been recommended for outright sale. The banks include former Bank PHB, Spring Bank and AfriBank, presently known as Keystone Bank, Enterprise...

  • Posted March 6, 2013
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  Obasanjo to chair NIMAREX 2013

  Former president, Olusegun Obasanjo has assured Nigerians of developing the shipping sector in the country. Obasanjo, whose government acquired 19 ships for the now rested Nigerian National Shipping Line (NNSL) as the then Military Head of State...

  • Posted March 6, 2013
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  Africa’s food market can hit $1 trillion by 2030 – World Bank

  A report released by the World Bank on Monday predicted that Africa’s Agricultural sector could become a $1 trillion industry by 2030, if governments and the private sector put up better policies and empower African farmers. According...

  • Posted March 5, 2013
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  Skye Bank commits $500m to maritime sector

  Skye Bank Plc has granted credit facilities amounting to $500m to operators in the maritime industry in recent times as part of its commitment to the development of the industry. A statement by the bank on Monday...

  • Posted March 5, 2013
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