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All posts tagged "Managing Director"

  • Infrastructure Bank to invest N400billion in Lagos rail project

    Vice Chairman, Infrastructure Bank, Mr Jonan Kruger, yesterday, disclosed that the Lagos light rail project from Marina, through Iddo to Agbado, would cost about N400 billion. The project, tagged ‘Redline Light Rail Project’, would be funded by...

    • Posted May 1, 2013
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  • Why we must change our perception of Micro-finance sector – Ehigiamusoe

    Godwin Ehigiamusoe, Managing Director, Lift Above Poverty (LAPO), a financial institution that provide financial services particularly to women. In this interview with Saturday Vanguard Business, he reveals why people’s perception on Micro-finance sector must change and the...

    • Posted April 27, 2013
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  • Diamond Bank’s balance sheet now N1tn

    The Managing Director, Diamond Bank Plc, Dr. Alex Oti, has said the bank’s balance sheet in 2012 hit the N1tn mark. He also said the bank would open more branches to meet the demand of its growing...

    • Posted April 22, 2013
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  • Expert advises CBN to address banks’ hidden charges

    A financial expert, Oluwole Ibikunle, on Tuesday, advised the Central Bank of Nigeria (CBN) to address the issue of hidden charges by banks. Ibikunle, the Managing Director, Boar Management & Financial Strategies Ltd., said that the step...

    • Posted April 17, 2013
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  • NLNG Train7: Shareholders delay $12bn investment

    The continued delay of the Train7 project of the Nigeria Liquefied Natural Gas Limited is holding back fresh Foreign Direct Investment worth $12bn that should have been flowing into the country. Our correspondent learnt that it was...

    • Posted April 14, 2013
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  • I will not renew my contract with Central Bank – Sanusi

    The governor of the Central Bank of Nigeria (CBN), Mallam Lamido Sanusi Lamido has said that he will not renew his contract when it expires. According to a report by CNBC.com, Sanusi said he was never interested...

    • Posted March 21, 2013
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  • Aero Contractors Airline grounded due to strike over ‘recent cost-cutting measures’

    Nigerian airline Aero Contractors Co. said all flights have been grounded until further notice due to staff strikes over cost-cutting measures. Aero management is in talks with unions “to find a quick and amicable resolution,” company spokesman...

    • Posted March 14, 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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  • FG to boost Bank of Industry’s capital base to N45bn

    The Federal Government is making arrangements to boost the capital base of the Bank of Industry to N45 billion, according to the Managing Director of the bank, Dr Mohammed Santuraki. Santuraki disclosed in an interview with newsmen...

    • Posted February 28, 2013
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  • Phone makers roll out affordable devices to tap into N1.2trn smart phone market

    Nigerians will spend about N1.2 trillion purchasing smart phones between now and 2015, BusinessDay can now reveal. In view of this immense market opportunity, industry analysts told BusinessDay, yesterday that the country’s smart phone industry is witnessing...

    • Posted February 24, 2013
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