Ikpea appointed Cashcraft MD
The Board of Directors of Cashcraft Asset Management Limited has announced the appointment of Mr. Anthony Ikpea as the new Managing Director of the company. According to a statement by the company on...
View ArticleCBAN, Top50 Brands to enhance business development
In a move to deepen business relations and competitiveness, the Certified Board of Administrators of Nigeria and Top50 Brands International are collaborating to engender greater service delivery and...
View ArticleIntel Capital names Oke investment director
Intel Capital, the global investment and merger and acquisition arm of Intel, has announced the appointment of Tobi Oke as its Investment Director, Lagos, with the charge to focus on investment in...
View ArticleJawbone acquires BodyMedia for $100m
Jawbone acquired BodyMedia Incorporated, the maker of weight-monitoring arm bands, for more than $100m, according to a person familiar with the matter. Reuters reported on Tuesday that the deal would...
View ArticleSkyBird Air gets operating licence, begins flights
SkyBird Air, a new entrant in the airline industry, has received official clearance to begin flight operations with the presentation of the Air Operators Certificate to the company by the Nigerian...
View ArticleBajaj targets 20,000 three-wheelers in free check-up
Bajaj Auto Limited has commenced its second round of free technical check-up for its three wheelers nationwide. The first round took place last year. A company statement said the auto firm was planning...
View ArticleChinese, Turkish trade delegations for Lagos motor show
Trade delegations from Turkey and the People’s Republic of China led by the Deputy Mayor of Changchun Municipal People’s Government, Mr. Gui Guangli, will attend the 2013 edition of Lagos motor show....
View ArticleNigeria’s infrastructural development to gulp $350bn – AfDB
A consultant to the African Development Bank, Dr Russell Cheetham, has said the full implementation of the Federal Government Infrastructure Action Plan would require $350bn in10 years. Cheetham said...
View ArticleBoA to finance agribusinesses with fresh N25bn
The Bank of Agriculture has said it will within the next two years finance critical value chain in the agriculture sector with the sum of N25bn. The Managing Director/Chief Executive Officer, BoA, Mr....
View ArticleFDA to investigate added caffeine in foods
For people seeking an energy boost, companies are increasing their offerings of foods with added caffeine. A new caffeinated gum may have gone too far, The Associated Press reported on Tuesday. The...
View ArticleBanks face probe for withholding dead customers’ N100bn
The House of Representatives said on Tuesday that an estimated N100bn belonging to dead customers was being held by banks in the country. It alleged that the banks had made access to such funds by the...
View ArticleGreece sells 33% of Opap to Emma Delta
ATHENS: Investment fund Emma Delta has successfully bought 33 per cent of Greek gambling monopoly Opap in Greece ‘s first big privatisation, the British Broadcasting Corporation reported on Wednesday....
View ArticleIPMAN mulls new downstream investments
The Independent Petroleum Marketers Association of Nigeria, Western Zone, has been tinkering with the idea of building, buying or taking over petroleum products depots to enhance its position in the...
View ArticleFirm partners Reps to curb pipeline vandalism
Chairman, Petroleum Product Monitoring Services Prince Henry Omorodion, has assured oil and gas workers who had threatened to stop production due to the menace of vandals, that adequate logistics are...
View ArticlePension: Lagos pays N18.03bn to retirees
The Lagos State Governor, Mr. Babatunde Fashola, has said that since the state adopted the new pension scheme, it has paid a total of N18.03bn to retirees under the Contributory Pension Scheme. He said...
View ArticleEastman Kodak unveils post-bankruptcy plan
NEW YORK: Eastman Kodak has said it expects to exit bankruptcy as early as July in its new guise as a commercial imaging firm, the British Broadcasting Corporation reported on Wednesday. Kodak, which...
View ArticleChinese investors urge FG to improve power supply
About 18 Chinese investors under the aegis of African Investment Network have called on the Federal Government to improve power supply in the country as a way of attracting more investment from China....
View ArticleThousands to protect rise in mortgage rates
PARIS: Thousands of borrowers are set to make official complaints about a sudden increase in their mortgage rates, which takes effect on Wednesday. The British Broadcasting Corporation reported on...
View ArticleISACA elects new board
A professional body, Information Systems Audit and Control Association, Lagos Chapter, has elected a new set of executive members to steer the ship of the association for the next two years. The...
View ArticleUK manufacturing sees ‘signs of stabilising’
LONDON: The United Kingdom’s manufacturing sector contracted slightly in April, but is “showing signs of stabilising”, according to a closely-watched survey, the British Broadcasting Corporation...
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