Tuesday, July 23, 2019

Mayowa Tijani

    AMCON, estate surveyors collaborate on sale of assets

AMCON, estate surveyors collaborate on sale of assets

Ahmed Kuru, managing director/CEO Asset Management Corporation of Nigeria (AMCON), says the corporation would continue to improve collaboration with Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) due to their critical role in asset sales. Kuru, who spoke when he received a delegation from ESVARBON led by its Chairman, Nweke Umezuruike, stated that such collaboration with the sister agency is needed [...]

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    Buhari: I’m only seeking a second term — NOT third like Obasanjo

Buhari: I’m only seeking a second term — NOT third like Obasanjo

President Muhammadu Buhari says he is only seeking a second term -- not a third term like former president Olusegun Obasanjo.Speaking in the Ondo state capital, Akure, on Tuesday, the president took a jab at the former president, without mentioning his name, but made it abundantly clear he was speaking to the former major general.“We have just finished one term [...]

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    AMCON CEO wins Businessday public service excellence awards

AMCON CEO wins Businessday public service excellence awards

Ahmed Kuru, the managing director/chief executive officer, Asset Management Corporation of Nigeria (AMCON), was among the 16 persons who won the Businessday excellence in public service awards. Others who received the award alongside the AMCON CEO include; Mary Uduk, acting director-general, Securities and Exchange Commission (SEC); Usman Mohammed, managing director/CEO, Transmission Company of Nigeria (TCN); Ahmed Bobboi, executive secretary, Petroleum Equalisation Fund (PEP); Yusuf [...]

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    Udoma disagrees with World Bank, says Nigeria’s economy will grow by 3.01% in 2019

Udoma disagrees with World Bank, says Nigeria’s economy will grow by 3.01% in 2019

Udoma Udo, the minister of budget and national planning, says the Nigerian economy will grow by 3.01 percent in 2019 -- at variance with the World Bank's forecast of 2.2 percent in the same year.Udoma who was speaking at the Deloitte Dialogue on Nigeria's Economic Outlook for 2019, in Lagos, said the proposed 2019 budget is intended to further reposition the [...]

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    Next Level continues, says Osinbajo after surviving second air crash in eight months

Next Level continues, says Osinbajo after surviving second air crash in eight months

Vice-President Yemi Osinbajo says the Next Level engagements will continue, despite surviving an air crash in Kogi state on Saturday. The accident is the second air mishap the vice-president will survive in eight months, after surviving the first in June 2018.The professor of law and pastor of the Redeemed Christian Church of God (RCCG) returned all glory to God for keeping him [...]

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    Osinbajo’s chopper crash-lands in Kogi

Osinbajo’s chopper crash-lands in Kogi

The chopper carrying Vice-President Yemi Osinbajo and members of his team crash-landed in Kabba, Kogi state.This was disclosed by Laolu Akande, senior special assistant to the vice-president on media and publicity.The vice-president is safe."VP Osinbajo's Chopper crash lands in Kabba, but he and the entire crew safe. He is continuing with his engagements and plans for the day in Kogi State," [...]

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    Despite ASUU strike, UI leads in West Africa — ranks 141 among varsities in emerging economies

Despite ASUU strike, UI leads in West Africa — ranks 141 among varsities in emerging economies

Despite the ongoing industrial action by the Academic Staff Union of Universities (ASUU), the University of Ibadan has been ranked the best university in West Africa.The ranking, which was published by the Times Higher Education (THE), shows that Covenant University came in as the second best university in Nigeria, and 151 among emerging economies.Nigeria's premier university, which ranked 141 has been [...]

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    The Economist insists Atiku will win presidential election

The Economist insists Atiku will win presidential election

The Economist Intelligence Unit (EIU) Africa is insisting that Atiku Abubakar, the presidential candidate of the Peoples Democratic Party (PDP) will win the February 16 presidential election.On Friday, EIU Africa said the margin of victory is getting narrower as the election approaches, but Atiku and his political party will win the historic election."#NigeriaDecides2019 : Less than 2 weeks before #Nigeria's [...]

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    AMCON: Textile company will continue operations despite N1bn debt

AMCON: Textile company will continue operations despite N1bn debt

Asset Management Corporation of Nigeria (AMCON) says Nigerian Braiding Manufacturers Limited (NBML), a Kano state-based textile company, NBML, will continue operations despite its N1 billion debt. The company was recently taken over by AMCON, as a result of the Company’s Non-Performing Loans purchased from the Banks by the government agency. The textile company’s indebtedness to the Corporation currently stands at over N1 [...]

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    Chi Limited pushes Coca Cola’s global market value to $204.8bn

Chi Limited pushes Coca Cola’s global market value to $204.8bn

The Coca Cola company's market value rose by about one percent, following the full acquisition of Nigerian beverage marker, Chi Limited, on Wednesday.This rise in share price pushed Coca Cola's market value to $204 billion on the New York Stock Exchange as sentiments remained positive after one of the company's biggest acquisition since Costa Coffee.Its value has continued to grow [...]

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    ‘You lied about Jonathan’s govt’ — Amaechi challenges Peter Obi to debate at Catholic Church

‘You lied about Jonathan’s govt’ — Amaechi challenges Peter Obi to debate at Catholic Church

Rotimi Amaechi, the director general of the All Progressives Congress Presidential Campaign Organisation (APCPCO), has challenged Peter Obi, vice-presidential candidate of the Peoples Democratic Party (PDP) to a public debate.Speaking in Kano on Thursday, Amaechi said Peter Obi lied about infrastructure and transportation, while fielding questions from Kadaria Ahmed on the presidential town hall-style debate."I need to address some important [...]

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    No other party will get one vote in Delta, says Peter Obi

No other party will get one vote in Delta, says Peter Obi

Peter Obi, the vice-presidential candidate of the Peoples Democratic Party (PDP), says no other party will get a single vote in Delta state.Speaking at the state on Thursday, Obi said the state has been loyal to the PDP since 1999, and that loyalty will continue post 2019."Okowa dey work, we dey see am. You know say Delta no dey carry [...]

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    The Candidates: Kadaria Ahmed brought out the best in Atiku, says Secondus

The Candidates: Kadaria Ahmed brought out the best in Atiku, says Secondus

Uche Secondus, the national chairman of the Peoples Democratic Party (PDP), says Kadaria Ahmed, host of The Candidates, brought out the best in Atiku Abubakar, the PDP presidential candidate, at the town hall-style interview.On Wednesday, Ahmed, who has been in the business of debates for over a decade, grilled both Atiku and Peter Obi, and was being accused of being [...]

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    ‘Apapa Port, harsh business environment’ — why PZ is limiting its exposure in Nigeria

‘Apapa Port, harsh business environment’ — why PZ is limiting its exposure in Nigeria

PZ Cussons is not leaving Nigeria, as widely reported in the country -- it is, however, limiting its business exposure in Nigeria, as a result of harsh business conditions in Africa's largest economy.TheCable reviewed PZ's position as listed on the London Stock Exchange, and the impact of its Nigerian business on its corporate balance sheet across Europe, Asia, and Africa.We found [...]

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    Okonjo-Iweala ‘ready’ to be first female president of the World Bank in 74 years

Okonjo-Iweala ‘ready’ to be first female president of the World Bank in 74 years

Ngozi Okonjo-Iweala, two-time finance minister and former vice-president of the World Bank, says she is ready to lead the World Bank if nominated for the job.Speaking on the sidelines of the World Economic Forum in Davos, Okonjo-Iweala, who contested against Jim Yong Kim, the outgoing president, said many people have been asking if she would take the job.“I know that, [...]

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    Africa will be polio-free — if Nigeria records no new cases by August

Africa will be polio-free — if Nigeria records no new cases by August

Global immunization experts attending the biannual Regional Immunization Technical Advisory Group (RITAG) meeting urged African countries to strengthen their routine immunization. Over the past five years, immunization coverage in sub-Saharan Africa has stagnated at 72%, exposing populations to vaccine-preventable diseases and outbreaks. The immunization experts also emphasized the importance of increased domestic investment in disease surveillance and the need for community engagement to [...]

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Exchange Rates

July 22, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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