International Breweries Plc plans to combine its business with Intafact Beverages Limited and Pabod Breweries Limited. The three companies have Anheuser-Busch Inbev SA as a common shareholder. In a notification to the Nigerian Stock Exchange (NSE), IB Plc said that the three companies have agreed to explore combination of their businesses via a scheme of […]
Author: Isaac Umunna
Uber fires 20 employees after harassment probe
Uber Technologies Inc said on Tuesday it fired 20 employees and was improving management training following an investigation by a law firm into sexual harassment allegations and other claims at the ride-hailing company. Uber fired the staff following a report by law firm Perkins Coie, which Uber hired to look into claims of harassment, discrimination, […]
Mark Zuckerberg, Facebook founder meets Lola
Facebook founder Mark Zuckerberg, on Tuesday received Nigeria’s Lola Omolola, founder of a secret Facebook group called Female in Nigeria (FIN). The News Agency of Nigeria (NAN) reports that FIN was founded in 2015 by Omolola, a movement of women focused on building compassion and providing support for one another, with the goal of having […]
Court insists EFCC must pay Nyako N12.5m
A Federal High Court in Abuja has ordered the Economic and Financial Crimes Commission (EFCC) to deposit a fine of N12.5m imposed on it for infringing the fundamental rights of Senator Abdulaziz Nyako with the Chief Registrar of the court. The money was imposed on the anti-graft agency as a fine for allegedly arresting and […]
EEDC to engage customers in a town hall meeting
By Amechi Obiakpu Enugu Electricity Distribution Company (EEDC) will engage its customers in a town hall/customers forum. The forum which is being organised by the electricity distribution company is aimed at providing an avenue for dialogue between the company and its Enugu customers. Emeka Ezeh, Head, Corporate Communications, EEDC, said in a statement that the […]
Jaiz Bank emerges worst performing stock on NSE
Jaiz Bank has emerged the worst performing stock in percentage terms on the Nigerian Stock Exchange (NSE) for the month of May. The News Agency of Nigeria (NAN) reports that data obtained from the exchange for the month of May indicated that the stock dropped by 17.39 per cent, to close at 95k per share, […]
FG targets N73bn from fuel tax
If the National Roads Fund Establishment Bill 2017, proposed by the Senate gets presidential accent, the Federal Government would be generating about N73 billion yearly, Daily Sun analysis has shown. Under the bill, the Senate is proposing a levy of N5 on every litre of petrol and diesel imported or refined in the country for […]
Debt repayment: Etisalat yet to conclude with banks
Etisalat Communications and the 13 local banks it is indebted to are yet to arrive at a definite conclusion. The telco said Monday, it was still in discussions with its lenders regarding its existing obligations under the syndicated loan agreement signed in 2013. Recently, Mubadala, which owns 40 per cent investment in Etisalat Group visited […]
Osinbajo wants banks punished for illicit funds
Acting President Yemi Osinbajo addresses the conference: Photo Sunday Aghaeze The Acting President, Prof. Yemi Osinbajo, and an anti-corruption Chief, Mr Akere Muna, on Monday said banks and other financial institutions warehousing illicit funds should be made to face the consequences of the criminal conduct. Both said this in separate addresses at the “Conference on […]
FCMB restates commitment to customer satisfaction
First City Monument Bank (FCMB) Limited has restated its commitment to ensure that it satisfies its numerous customers always. The bank’s Executive Director, Retail Banking, Mr. Olu Akanmu said this during a recent draw in the bank’s on-going reward scheme tagged: ‘FCMB Millionaire Promo Season 4.’ “Our customers are the reason why FCMB exists and […]