Nigerian Stock Exchange (NSE) has expressed its readiness to provide a platform for artists and promoters in the Nigerian and African entertainment industry to raise long-term funds to boost the growth of the industry. Its Chief Executive Officer, Mr. Oscar Onyema, who spoke at a Music Week Africa event hosted by the Exchange in Lagos, […]
Read More
A vintage fender guitar owned by legendary Nigerian musician, King Sunny Ade, was on Sunday auctioned at N52.1 million in Lagos. The guitar which was auctiond by Dr. Jogun Onabanjo, Certified Auctioneer and Chief Executive of Onabanjo and Onabanjo & Co, is known to have been designed by Nigerian artist Victor Ehikamenor. The glittering artistic […]
Read More
Oil workers have urged the Federal Government to resolve the lingering labour issues in the oil and gas industry to avoid an industrial unrest. The workers, acting under the aegis of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), warned that the issues it had with international oil companies (IOCs) could threaten the […]
Read More
Oil prices surged to their highest since mid 2015 and U.S. Treasury yields hit a more than two-year peak on Monday after the world’s top crude producers agreed to cut output. Coming at the start of a week when the United States is expected to raise interest rates for the only the second time since […]
Read More
The adoption of a single currency among member-states of the Economic Community of West African States (ECOWAS) by 2020 is under threat because of the free fall in Nigeria Naira, members of the ECOWAS Macroeconomic Policy Committee on Multilateral Surveillance, have said. They spoke during a two-day technical meeting in Abuja at the weekend. They […]
Read More
On January 1, 2017, The Tony Elumelu Foundation (TEF) will begin accepting applications for the third round of the TEF Entrepreneurship Programme. The Programme is the Foundation’s 10-year, US$100 million commitment to training, mentoring and funding 10,000 African entrepreneurs. The application portal will be open until midnight (WAT), March 1, 2017. Entrepreneurs must complete the […]
Read More
The persistent attacks on the country’s oil installations by militants in the Niger Delta have resulted in a decrease of about $447m in foreign exchange inflows from $1.4bn in September to $957.3m in October. Figures obtained from the Central Bank of Nigeria show that the $447m decline represents a drop of 31.85 per cent. Investigation […]
Read More
Management of the Stanbic IBTC Pension Managers Limited, a member of Stanbic IBTC Holdings PLC, has drum up support for the proposed micro pension scheme, stressing that it has the potential to provide the vital capital required for investment in critical sectors of the economy. Making this clarion call was the Chief Executive, Stanbic IBTC […]
Read More
The roof of a crowded church collapsed onto worshippers in southern Nigeria on Saturday, killing at least 60 people, witnesses and an official said. The Reigners Bible Church International in Uyo, capital of Akwa Ibom state, was still under construction and workers had been rushing to finish it in time for Saturday’s ceremony to ordain […]
Read More
The Economic and Financial Crimes Commission has submitted an official report to the Independent National Electoral Commission on the 100 electoral officials who allegedly received part of the $115m (N23bn) disbursed on the instruction of a former Minister of Petroleum Resources, Diezani Alison-Madueke, during the build-up to the 2015 presidential election. Sources within the EFCC […]
Read More
The UN Security Council demanded that Gambia’s leader Yahya Jammeh hand over power to the president-elect after he rejected the election results in a dramatic political U-turn. In a unanimous statement on Saturday, the 15 council members called on Jammeh to “respect the choice of the sovereign people of The Gambia, as he did on […]
Read More
U.S. President-elect Donald Trump is expected to name the chief executive of Exxon Mobil Corp as the country’s top diplomat, a source familiar with the situation said on Saturday, an appointment that would put in place an official with close ties to the Russian government. News of Rex Tillerson’s possible appointment comes as U.S. intelligence […]
Read More
