Thursday, February 21, 2019

Oluseyi Awojulugbe

    I’m happy I didn’t win BBNaija, says Bisola Aiyeola

I’m happy I didn’t win BBNaija, says Bisola Aiyeola

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    BPE bargains concessionary gas price for ALSCON

BPE bargains concessionary gas price for ALSCON

The Bureau of Public Enterprises (BPE) says the federal government should consider listing Aluminium Smelting Company of Nigeria (ALSCON) as a strategic industry so it can get gas at a concessionary price.According to a statement released by the bureau, DHL/RUSAL, ALSCON's core investor, had listed the issue of gas price and supply as one that requires urgent resolution after signing [...]

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    CBN on ‘N32bn racket’: No room for arbitrage in FX market

CBN on ‘N32bn racket’: No room for arbitrage in FX market

The Central Bank of Nigeria (CBN) says there is no room for racketeering or arbitrage in the nation's forex scheme.The apex bank made this statement in reaction to a news report that claimed that some people pocket about N32 billion annually from the N306/$ exchange rate regime.In a statement signed by Isaac Okorafor, director of the corporate communications department at [...]

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    Davido: US detectives searched my house when I first bought it

Davido: US detectives searched my house when I first bought it

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    Indian phone maker enters Nigerian market to provide ‘quality yet affordable’ products

Indian phone maker enters Nigerian market to provide ‘quality yet affordable’ products

Lava, an Indian phone maker, has launched its products in Nigeria saying it is targeting both low and high-income earners.Speaking at the launch, Sushil Segal, country head for Lava, said the company is targeting emerging markets hence, the reason it launched in Africa two years and now trading in Egypt, Sudan, Ghana and Kenya.Rohit Singh, the company's executive director, business [...]

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    21st Century Technologies gets Africa’s first Uptime Institute Tier IV certification

21st Century Technologies gets Africa’s first Uptime Institute Tier IV certification

21st Century Technologies Limited has obtained a Tier IV certification from Uptime Institute, the first time for any telecommunications company in Africa.With this certification, 21st Century will construct a digital economy data centre in Nigeria.In 2018, 21st Century Technologies, which is led by Wale Ajisebutu (pictured), achieved the multi-tier cloud security standard.At that time, the company described the standard as [...]

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    Davido to perform alongside Cardi B, Meek Mill at Belgium Festival

Davido to perform alongside Cardi B, Meek Mill at Belgium Festival

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    US imposes visa restrictions on Ghana

US imposes visa restrictions on Ghana

The United States, on Thursday, said it has imposed visa restrictions on Ghana.Mike Pompeo, US secretary of state, said the West African country has not been co-operating in accepting Ghanian citizens to be deported from the US."As a result, Secretary of State Pompeo has ordered consular officers in Ghana to implement visa restrictions on certain categories of visa applicants. Without [...]

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    Muslim students threaten to shut down Lagos over ‘hijab harassment’

Muslim students threaten to shut down Lagos over ‘hijab harassment’

The Lagos unit of the Muslim Students' Society of Nigeria (MSSN) has threatened to mobilise its members to shut down Lagos if harassment of students wearing hijab persists.Basheerah Majekodunmi, amirah (female head) of the MSSN Lagos, said some students were still been harassed despite the circular issued by the Lagos state government and the judgement of the appeal court in [...]

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    You can now apply for the $100k 2019 Nigeria Off-Grid Challenge

You can now apply for the $100k 2019 Nigeria Off-Grid Challenge

The US African Development Foundation (USADF) and All On say applications are now open for the 2019 Nigeria Off-Grid Challenge.According to a statement released by the organisers, the application window will open on February 1 and close on March 15, 2019.USADF and All On have committed to provide funding to 100% African MSMEs that improve energy access through off-grid energy [...]

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    Jim Kim: Developing countries rely on donors… not investing their money in human capital

Jim Kim: Developing countries rely on donors… not investing their money in human capital

Jim Yong Kim, outgoing president of the World Bank, says developing countries across the world have been relying on resources from donors for investments in human capital.In a note published on his Linkedin page on Tuesday, Kim said heads of state and finance ministers of developing countries have not invested enough of their own resources in their citizens."At the Annual [...]

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    Coca-Cola completes acquisition of Chi Limited

Coca-Cola completes acquisition of Chi Limited

The Cola-Cola Company has completed the acquisition of Chi Limited.In a statement on Wednesday, Coca-Cola announced that it has extended its minority investment in the company to full ownership.In 2016, the company acquired a 40% minority stake in Chi and expressed interest in increasing ownership within three years."Coca-Cola is continuing to evolve as a total beverage company, and Chi’s diverse [...]

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    Mavin Records enters multi-million dollar partnership with Kupanda Holdings

Mavin Records enters multi-million dollar partnership with Kupanda Holdings

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    Joké Coker, Constellation’s lead coach, admitted into Forbes Coaches Council

Joké Coker, Constellation’s lead coach, admitted into Forbes Coaches Council

Joké Coker, the lead coach of Constellation Coaching Group LLC, has been admitted into The Forbes Coaches Council.Coker was announced a member of the invitation-only community for leading business and career coaches on January 11, 2019.The criteria for acceptance include a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honours."We are honoured [...]

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    GTB: Licensing telcos for payment services ‘a threat to banks’

GTB: Licensing telcos for payment services ‘a threat to banks’

A new report by Guaranty Trust Bank says the decision of the Central Bank of Nigeria to license telecommunications companies for payment services is a threat to banks operating in the country.In its report, Nigeria Macro-Economic and Banking Sector Themes for 2019, the banks said the payment service banks (PSBs) will compete with commercial banks for earnings."A more compelling threat, [...]

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    Andela to hire 1000 software developers after getting $100m funding

Andela to hire 1000 software developers after getting $100m funding

Andela, an African company that develops talents in software engineers, says it will hire a total of 1000 software developers in 2019.The company made this known in a statement sent to TheCable, announcing that it has completed its $100 million Series D funding.According to the statement, the funding round was led by Generation Investment Management with participation from existing investors [...]

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Exchange Rates

February 21, 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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