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Exclusives

Flawed: Nigeria’s mobile money policy is failing and how it can be fixed

July 19, 2018     2:20 pm
Every few days, Tasiu Abdurrahman takes the money he makes from selling spices in Nigeria’s biggest northern city and buries it in his yard. The 55- ...
Exclusives

UPDATED: Ortom makes U-turn, meets APC leadership

Governor Samuel Ortom of Benue state has reversed his earlier decision to leave the ruling All Progressives Congress, APC. This is as Ortom told journ ...
Exclusives

INEC to spend only 19 percent above its previous election cost budget

President Buhari’s request for N242.4 billion for the general 2019 elections is almost equivalent to amount anticipated by the Independent National ...
Exclusives

Road to ‘Nigeria Air’ littered with skeletons of failed past efforts

The federal government yesterday unveiled Nigeria Air as its new national carrier at the Farnborough air show in the U.K, however historical precedent ...



Financial Inclusion

Custom Street records further decline amid impressive H1 earnings

Nigerian stocks fell further on Thursday despite impressive first-half (H1) financial results increasingly berthing on the Exchange. The first-half 2018 results of Pan-African lender, Ecobank Transnational Incorporated Plc; United Capital Plc, Wema Bank Plc, and that of Multiverse Mining and Exploration Plc have all berthed on the trading floors of Lagos Bourse on Custom Street…....


Reps probe $50bn revenue loss on unprocessed gold

Members of Parliament on Thursday resolved to investigate allegations bothering on loss of over $50 billion revenue accrued from exportation of unprocessed gold over the past 2 years as a result of illegal mining activities. The resolution was passed sequel to the adoption of a motion sponsored by Johnson Agbonayinma (APC-Edo), who cited the reports from the Nigeria Extractive Industries…...


2019: PDP threatens to boycott election

National Chairman of the Peoples Democratic Party (PDP), Uche Secondus, has declared that the main opposition party may not participate in the forthcoming general elections billed for next year. He hinged his threat on the fact that the party has lost faith in the Independent National Electoral Commission (INEC) as well as security agencies. Secondus…...


Comcast walks away from Fox takeover fight ​

US cable group Comcast conceded defeat to rival Walt Disney on Thursday in the $71bn battle to buy the majority of Rupert Murdoch’s 21st Century Fox media empire. Comcast said it would instead focus its efforts on clinching a £26bn deal to acquire Sky, the European pay-TV group. It is attempting to fend off rival interest from…...


Facebook starts to block content that incites violence ​

Facebook has responded to criticism that its service may have contributed to sectarian violence in countries such as Sri Lanka and Myanmar, with a new policy that involves removing more types of deliberately inflammatory content from its service. The social networking company has come under fire for refusing in the past to remove such posts…...


Ecobank Transnational reports 41% rise in H1’18 profit

Ecobank Transnational Incorporated (ETI) Plc has released its unaudited consolidated interim financial statements for the six months period (H1) ended June 30, 2018. The results at the Nigerian Stock Exchange (NSE) show profit before tax (PBT) increased by 41percent to N65.1billion from kN46.241billion in the corresponding first-half of 2017. In the H1’18 period, ETI profit…...


Toys R Us workers press investors for hardship fund

Toys R Us workers who lost their jobs when the heavily indebted retailer collapsed are talking to two buyout firms about a possible hardship fund — but a third, billionaire investor Steven Roth’s Vornado Realty Trust, is refusing to answer their emails. KKR and Bain, which took the company private in partnership with Vornado in…...


Wall Street welcomes first marijuana IPO at $17 a share

Wall Street will play host to the latest effort by the marijuana industry to move into the financial mainstream on Thursday when trading in Tilray, the Canadian medical cannabis producer, starts on Nasdaq. Shares in the first cannabis producer and distributor to go public on a US exchange priced late on Wednesday at $17, above an indicated range of…...


Putin attacks US critics over ‘successful’ Trump meeting

Russian president Vladimir Putin accused the American political establishment of threatening the US economy, its national security and its allies with criticism of Donald Trump following the two leaders’ summit. In his first assessment of the encounter in Helsinki, the Russian president told an annual meeting with Russia’s diplomatic corps on Thursday that it had in general…...


ICPC: Court convicts 3 ex-Police officers over N200,000 bribe

An Oyo State High Court, sitting in Ibadan, has convicted three former police officers, and sentenced one of them to three years in jail for collecting bribe from an armed robbery suspect, Badmus Akojode. The convicted police officers are Tajudeen Olalere, Akanmu Kabiru and Omotosho Lawrence, but it was only Kabiru that was committed to three years in prison…...


Reps urge deployment of new multi-million dollar drones to combat insecurity

Toby Okechkwu, Chairman, House of Representatives Committee on Works, on Thursday mandated the Office of Surveyor General to the Federation (OSGOF) to deploy the multi-million dollar drones recently acquired for area mapping to combat insecurity, desertification, land tenure system, aviation landing system in Nigeria. BusinessDay gathered that the 19 drones acquired by the office of the Surveyor…...


Apapa Gridlock: Police, others begin ‘Operation Restore Sanity’ Friday

The Lagos State Police Command and other relevant agencies are to begin ‘Operation Restore Sanity’ on Friday to free Apapa of gridlock, the State Commissioner of Police, Mr Imohimi Edgal, said on Thursday. Eggal, after meeting with representatives of some relevant stakeholders in Lagos,told newsmen of the planned operation, describing the Apapa gridlock as a…...


Lagos Govt seeks FG intervention on Apapa gridlock

The Lagos State Government on Thursday sought the intervention of the Federal Government in enforcing the rule that all haulage operators must have designated parks immediately. The Commissioner for Information and Strategy, Mr Kehinde Bamigbetan, made the assertion in Lagos on the chaotic traffic situation in the state. Bamigbetan sympathised with the commuters and residents…...


Ecobank Nigeria appoints Patrick Akinwuntan MD designate

The Board of Directors of Ecobank Nigeria Limited on Thursday appointed Patrick Akinwuntan as the managing director designate of Ecobank Nigeria, subject to the approval of the Central Bank of Nigeria (CBN).  Prior to this appointment, Patrick was the group executive, consumer banking responsible for leading the Consumer Banking business across Ecobank’s global network of 40 countries,…...


How Quickraiz is pushing fintech into donations, emergency relief

Following the aftermath of Hurricane Harvey in some states in the United States last year, which claimed lives, displaced whole families and destroyed properties, a three-time NFL defensive player of the year, J.J Watt, began a campaign on a US-based crowdfunding platform to raise funds for the victims. His initial target was $200,000, but he…...



CEO Mag



Life & Arts

Venia Business Hub finds innovative banking partner in Access Bank

Venia Business Hub finds innovative banking partner in Access Bank

The Coworking Industry is an emerging force that is shaping the entrepreneurial ecosystem globally. Going by the imperative of the...

New Innovative Marketing Trends to Watch in 2018

Marketing gets more challenging by the minute; this is mainly due to the hyper-competitive nature of nearly every industry. Consumers...

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Africa, Middle East Advertising body appoints Nigerian as Jury

A Nigerian, Sinmisola Hughes-Obisesan, Africa’s first female Creative Director of the global Leo Burnett Advertising network has been appointed as...



Fifa 2018 World Cup     Powered by  

Football actions return as International Champions Cup kicks off

Football loving Nigerians will continue to enjoy another fantastic round of pulsating football entertainment as leading Digital TV Company, StarTimes...

Special Olympics Nigeria

SO Nigeria to participate in maiden edition of unified Football Cup

In celebration of the 50th anniversary of the global initiative of Special Olympics, Special Olympics Nigeria is set to participate...

Contactless Technology Powers 50% of purchases at 2018 FIFA World Cup Russia

Visa, the Official Payment Services Partner of FIFA, recently released an analysis of spending inside the 2018 FIFA World Cup...