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All posts by BusinessNews Staff

  • MasterCard Invests in Middle East & Africa

    In a move spurred by continuous economic development, steady population growth, stable outlook and large pool of young consumers entering the workplace each year,  MasterCard announced a new structure for the Middle East and Africa business. The...

    • Posted April 20, 2012
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  • MasterCard Announces Two New Appointments to Support Expansion in Nigeria

    MasterCard Worldwide in Nigeria has made two new appointments as part of its business development strategy to grow MasterCard’s operations and presence in Nigeria and across West Africa. Omokehinde Ojomuyide has been appointed Vice President of Business...

    • Posted April 20, 2012
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  • Redefining The World Bank

    Professor Jeffrey Sachs Strategic Economist and Director of the Earth Institute at Columbia University and Special Adviser to the Current United Nations Secretary General, last month in his analysis of the World Bank since inception in 1944...

    • Posted April 13, 2012
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  • FAAN vs. Maevis: One Impunity Too Many

    The disagreement between the Federal Airports Authority of Nigeria (FAAN) and its concessionaire, Maevis Nigeria Limited has again exposed the underbelly of the warped way of doing business in Nigeria. As the both parties to the concession...

    • Posted April 10, 2012
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  • Revenue Sharing Formula: Governors propose 42 percent for States

    There may be a drastic reduction in the Federal Government’s share from Federation Account  as states goverment set up committee to negotiate for a 42 percent share. The committee which is headed by Lagos State Governor, Babatunde...

    • Posted April 6, 2012
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  • NNPC Revives 3 Refineries, Fuel Scarcity ‘Will be History’ – NNPC GED

    The Group Executive Director (GED), Refining and Petrochemical, Nigerian National Petroleum Corporation (NNPC), Mr Philip Chukwu, in Kaduna, on Tuesday, said with the coming on stream of the three major refineries in Warri, Port Harcourt and Kaduna,...

    • Posted April 4, 2012
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  • VALUCARD transforms, now UNIFIED PAYMENTS

    ValuCard Nigeria Limited, the foremost payment industry solutions provider becomes Unified Payment Services Limited. Bisi Onasanya, Chairman, Board of Directors, Unified Payments®, in a statement during the formal launch of the new identity in Lagos Monday, said...

    • Posted April 4, 2012
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  • Confusion Trails Commencement of Cashless Policy in Lagos

    Full commencement of cashless policy in Lagos State started yesterday with most Automated Teller Machines (ATMs) out of service while some customers could not withdraw money on third party basis. The Central Bank of Nigeria (CBN) had...

    • Posted April 3, 2012
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  • Nigeria urged to join fight to eliminate illiteracy

    World Literacy Foundation Chief executive Officer Mr Andrew Kay today called on Nigeria’s Government and education and community leaders to place a higher priority on reducing high illiteracy rates in Nigeria. Speaking at the World Literacy Summit...

    • Posted April 3, 2012
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  • The capital market public hearing fiasco

    The exchange of verbal missiles between the Chairman of the House Committee on Capital Market, Herman Hembe, and the Director-General, Securities and Exchange Commission, Ms. Arunma Oteh, which the country (indeed the world), has witnessed in the...

    • Posted April 2, 2012
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