Wednesday , January 17 2018

Capital Market

NSE PROMOTES Ms. TINUADE AWE AS EXECUTIVE DIRECTOR, REGULATION

The Nigerian Stock Exchange (“Exchange” or “NSE”) announced today the promotion of Ms Tinuade Awe to Executive Director, Regulation with effect from 1 January, 2018. Her appointment has received regulatory approval. As Executive Director, Regulation in the NSE’s revised organizational structure, Ms Awe has oversight functions for the following teams: ...

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Money Market

CBN Injects $210m into Forex Market

  The Central Bank of Nigeria (CBN) has injected another sum of $210million into the inter-bank Foreign Exchange Market, to meet customers’ requests in various segments of the market. Figures obtained from the Bank on Monday, January 15, 2018, indicate that the CBN offered $100million to authorized dealers in the ...

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Brand News

Business Wheels

Mercedes-Benz Citan Debuts in Nigeria

Mercedes-Benz Citan Tourer and Panel recently arrived in Nigeria courtesy Weststar Associates Limited. The Citan, first addition to Mercedes-Benz Vans product portfolio for the Nigerian Market in the year 2018, “is an absolute all-rounder – powerful yet with compact dimensions making it especially suitable for city use”. According to Weststar, ...

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Audi reports 1.9m sales in 2017

AUDI AG has increased its global sales for the eighth year in a row. Despite a turbulent first half of the year, the company achieved a new record-breaking figure: Around 1,878,100 deliveries represent an increase of 0.6 percent. The Four Rings sold more than in the previous year in all ...

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Industry

Politics

Fayemi faults 10-year ban

The Minister of Mines and Steel Development, Dr Kayode Fayemi, has challenged the 10-year ban slammed on him from holding political office by an Ekiti State Government White Paper. Fayemi, in a statement issued on his behalf by his Senior Special Assistant on Media, Mr Yinka Oyebode, to newsmen on ...

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APC Begins NEC Meeting

The All Progressives Congress (APC) on Tuesday began the National Executive Committee meeting. The meeting which is currently ongoing at the party secretariat follows the meeting of the national caucus of party which held on Monday night at the Banquet Hall of the Presidential Villa. Present at the meeting is ...

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Pension

UN Appoints Adeosun into Pension Fund’s Investments Committee

Kemi Adeosun, Nigeria’s Minister of Finance         Global organisation, the United Nations, has appointed Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, into the Investments Committee of the United Nations Joint Staff Pension Fund (UNJSPF). The Under-Secretary-General of United Nations, Jan Beagle, who confirmed Adeosun’s appointment, disclosed that the ...

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Lagos conducts 120 foreign, local trainings for workers

L-R; Alhaji Lanre Malik, Managing Director, Gelim Macrodiylluor, Mr. Deji Koko, Director, Accounts. Permanent Secretary, Mrs. Clara Ibirogba, . Commissioner of Establishment, Training and Pensions, Dr. Akintola Benson Oke, Chairman. House Committee, Establishment, Training, Pension, Hon Adedayo Famakinwa during a 2-day workshop on Leadership Management Training for Senior Civil servants. ...

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News from Nigeria

Fitch Withdraws Nigeria’s Seven Energy Ratings

  Fitch Ratings has withdrawn Nigeria-based Seven Energy International Limited’s (Seven Energy) Long-Term Issuer Default Rating of ‘RD’ (Restricted Default) and Seven Energy Finance Limited’s USD300 million face value 10.25% senior secured notes due 2021 of ‘C’ with a ‘RR6’ Recovery Rating. Key Rating Drivers Fitch is withdrawing the ratings ...

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Africa News

Ghana’s economy will top Africa in 2018 – Report

  Ghana is tipped to lead Africa as the fastest growing economy in 2018 with a growth rate of eight per cent as a result of increased oil and gas production, which boosts exports and domestic electricity production. In its latest report dubbed: “Global Economic Prospects: Sub-Saharan Africa,” the World ...

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Ghana: December inflation hits 11.8%

  Inflation rate for December 2017 increased slightly to 11.8 per cent, up from the 11.7 per cent recorded in November in the same year, acting Government Statistician, Baah Wadieh announced Wednesday. The monthly change rate, according to Mr Wadieh comes as a result of the rise in the two ...

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Crime Reports

Police Continues to detain Tim Elombah illegally

  Tim Elombah, Editor, Elombah.com January 12, 2018/Elombah.com The Nigerian Police Force has continued to detain Tim Elombah despite requests by both international and local civil organisations for his release. An Area Court Judge had earlier remanded Mr Elombah in Police custody. The remand for Tim Elombah’s detention expired on ...

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Unmask The Killer Squad in Benue and Sponsors

The Trade Union Congress of Nigeria (TUC) on Tuesday called on the Federal Government and all security bodies in the country to fish out those behind the unabated killings in Benue the same way it was done in Rivers State recently. The congress disclosed this in a statement made available ...

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