Business

FG tasked on improvement of business environment

A group of foreign companies operating in Nigeria, Tuesday tasked the federal government to improve the business environment, stressing that business cannot thrive in a hostile environment. The Austrian, German and Switzerland (AGS) Business Outlook for 2017, described the business environment in the country as negative noting, however, that they are optimistic the situation will […]

Business

A/Ibom gets ultimatum on N-Power deployment

The Federal Government has issued a two-week ultimatum to the Akwa Ibom government to fully deploy N-Power volunteers or lose its slots to other states. Mr. Afolabi Imoukhuede, the Senior Special Assistant to the President on Job Creation and Youth Employment, issued the warning at the state institutional stakeholders meeting in Uyo. After visiting some […]

Business

Etisalat gets new Chairman

The Central Bank of Nigeria has appointed a Deputy Governor of the bank, Dr. Joseph Nnanna, as the Chairman of Etisalat Nigeria. Etisalat Nigeria is a private telecommunications company in trouble with 13 local lenders over a multi-million dollar loan. Nnanna replaces Etisalat Nigeria’s founding Chairman, Hakeem Belo-Osagie who resigned from the board last week. […]

Business

Shittu commends Hewlett on ICT varsity

Minister of Communications, Adebayo Shittu, has commended the Hewlett Packard (HP) Nigeria for being on the forefront to take the initiative of collaborating with the ministry in the establishment of ICT University of Nigeria (UICT). Shittu stated this during a meeting with Hewlett at seeking areas of collaboration in the development of UICT. He challenged […]

Business

Willsher, Obasunloye resign from Etisalat

The debt crisis rocking Etisalat Nigeria took a new turn Monday when the company’s chief executive officer (CEO), Mr. Matthew Willsher, and chief financial officer (CFO), Mr. Wole Obasunloye, resigned their appointments. Their resignation came a few days after its Emirati non-executive directors (NEDs), representing the interests of Mubadala Development Company and Emirates Telecoms Group […]

Business

CBN pumps another $195m into forex market

The Central Bank of Nigeria (CBN), in continuation of its drive to ensure liquidity and stability in the foreign exchange market, has injected $195 million into various segments of the inter-bank foreign exchange market. A breakdown of the figures released by the CBN on Monday shows that $100 million was offered to authorised dealers in […]