Sunday , September 24 2017

Capital Market

NSE Set for Historic AGM, to Elect New Council Presid

As the Nigerian Stock Exchange prepares to host its 56th Annual General Meeting, there are strong indications that this will be a pivotal meeting in many respects. In the notice of the AGM published in ‘BusinessDay on Friday, August 25, 2017, the exchange listed under the Special Business to elect ...

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Ghana lost US$50m to cybercrime in 2016

Ghana in 2016 lost about US$50 million to cybercrime, a report by Serianu Limited has revealed. Mr. Del Aden, a Managing Consultant for Delta3 International believes it could double for this year if care is not taken. According to him, ransomware is now out of control which makes it easier ...

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Money Market

The CBN’s New Confidence in FX Policy

Our chart captures exchange-rate movements over the past two years, marked initially by the fx scarcity triggered by the oil price slide in mid-2014. The differential between the rates (official and bureaux de change) initially narrowed with the liberalization of June 2016 that was not to be, but widened again ...

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Brand News

Fidelity Bank bags SME friendly bank award

Fidelity Bank Plc, one of the country’s foremost financial institutions has been awarded the “SME Friendly Bank of the Year 2017” in utmost recognition of its support for Micro Small Medium Enterprises (MSMEs) in Nigeria. The accolade which was bestowed upon Fidelity Bank Plc at the 2017 Lagos Chamber of ...

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Business Wheels

Weststar Associates delivers 55 Mercedes-Benz trucks to Total Nigeria

Weststar Associates, representatives of Mercedes-Benz in Nigeria has successfully delivered 55 units of Mercedes-Benz Actros 3340S Trucks to Total Nigeria Plc in Lagos. Managing Director of Weststar Associates, Mr Mirko Plath, who described the transaction as exciting, explained that “Performance, reliability and cost-effectiveness were fundamental for the decision to purchase ...

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Ford donates $20,000 to conservation organisations

Conservation and related education projects in Kenya, Mozambique and Tanzania have gained new impetus following the provision of $ 20 000 grants to leading environmental organisations by the Ford Motor Company. Ford Motor Company has donated $10 000 to the Africa Foundation to empower its environmental education programme in Tanzania ...

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ICAN President visits Sovereign Trust Insurance Plc.

The Management of Dangote Industries Limited (Dangote Group) has issued a passionate appeal to members of the public to assist in monitoring and reporting both recklessness and illegal haulage of contrabands goods by some of its truck drivers. The company has also set up hotlines for the public to report ...

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Concerned Leaders and members of the All Progressives Congress (APC) in Mushin Local Government and Odi Olowo Local Council Development Area protest for the removal of the Party’s National Legal Adviser for anti-party activities at Alausa, Ikeja, on Tuesday, July 18, 2017.       Scores of leaders and members ...

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News from Nigeria

Africa News

Aliko Dangote at UN General Assembly in New York: “Africa will become the food basket of the world” ; “Five of the twelve million jobs needed in Africa soon must be created in Nigeria”; “We should pray that oil prices remain low”

Nigerian business leader Aliko Dangote told investors “Agriculture, agriculture, agriculture. Africa will become the food basket of the world.” In a packed room at the headquarters of global law firm Shearman and Sterling LLC high level business leaders and international diplomats invited by the Corporate Council for Africa to hear ...

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Crime Reports

Gunmen attacks EFCC office in Abuja

A major security breach was recorded at the headquarters of the EFCC in the early hours of Wednesday, August 16, 2017 as unknown gunmen attacked the office located at Wuse Zone 7, Abuja. The group of heavily armed bandits invaded the office at about 05.00 hours and began shooting into ...

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