All posts by BusinessNews Staff

• 
  MasterCard Appoints Omokehinde Ojomuyide Vice President of Business development

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

  • Posted September 29, 2011
  • 1
• 
  Standard Bank May Consider Buying GTBank – Renaissance Analyst

  Standard Bank Group Ltd., which this year reversed plans to expand internationally to focus on Africa, may buy a stake in Nigeria’s Guaranty Trust Bank Plc, the most profitable of the country’s four biggest banks. Africa’s biggest...

  • Posted September 29, 2011
  • 0
• 
  Shareholders Approves Sterling Bank, ETB merger

  Shareholders of Sterling Bank Plc and Equitorial Trust Bank (ETB) Limited yesterday approved the merger of the two banks, describing the merger as a fair deal. At their separate Extra-ordinary General Meetings (EGM)  in Lagos, shareholders overwhelmingly...

  • Posted September 29, 2011
  • 0
• CitiServe granted Payment Terminal Service Provider License

  CitiServe Limited, a Vigeo Company, has been licensed by the Central Bank of Nigeria (CBN) to provide Payment Terminal Services to Nigerian Banks. The announcement is a conclusion of an exhaustive bidding process carried out by the...

  • Posted September 28, 2011
  • 0
• 
  UBA CEO named Ai 40 CEO of the Year

  Phillips Oduoza, the group managing director and chief executive officer of United Bank for Africa (UBA) Plc, has been named the African Investor Ai 40 CEO of the year. Oduoza emerged victorious from a shortlist including the...

  • Posted September 28, 2011
  • 0
• 
  PHCN: Generate Revenue for 50pc Salary Increase – Nnaji

  Chief Executive Officers of the power generation and distribution companies, are to generate revenue to pay the 50 per cent hike that the government approved for workers of the Power Holding Company of Nigeria ( PHCN ), the Minister...

  • Posted September 28, 2011
  • 0
• Integrated Data Services Limited records N1.85b revenue

  Integrated Data Services Limited (IDSL), a subsidiary of the Nigeria National Petroleum Corporation (NNPC), has recorded about N1.85 billion in revenue between the 2008 and 2009 fiscal years. The Group Managing Director (GMD), Austen Oniwon, who disclosed this...

  • Posted September 28, 2011
  • 0
• Sterling Assurance records gross premium of N1.82billion

  Sterling Assurance Company has announced a gross premium income of N1.82billion for the financial year ended December 31, 2010. The amount represented 12.72 percent increase from the N1.61 billion generated by the company in 2009. Chief Olabode...

  • Posted September 28, 2011
  • 0
• 
  The scale of crude oil theft in Nigeria is ‘unprecedented’ – Shell

  The amount of crude oil stolen from Royal Dutch Shell’s pipelines in the oil-rich Niger Delta of Nigeria is “unprecedented,” the company said. “The scale of crude theft is unprecedented,” the company was quoted by the Platts...

  • Posted September 27, 2011
  • 0
• 
  Eko Rail’s Trains Begin Journey to Lagos

  The first of hundreds of Toronto subway cars that will furnish a new surface rail line in Lagos, Nigeria, has left Canada for the last time, and is now en route to Africa’s largest city. A Nigerian...

  • Posted September 27, 2011
  • 5