Tuesday, September 25, 2018

Oluseyi Awojulugbe

    Eaton Acquisitions increases stake in NEM Insurance

Eaton Acquisitions increases stake in NEM Insurance

Eaton Acquisitions Limited, an investment company, has increased its stake in NEM Insurance to nine percent.The company had recently announced a four percent acquisition of the insurance company, acquiring 130 million shares at N4 each.While the N4 is higher than the closing share price of N2.85, the new shares were acquired at a lower value.Eaton is seeking to acquire 10% [...]

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    More heartache for MTN as it loses 881k subscribers

More heartache for MTN as it loses 881k subscribers

MTN, Nigeria's largest telecommunications company, lost 999,891 subscribers between June and July.According to the latest industry statistics released by the Nigerian Communications Commission (NCC), the total number of active lines decreased by 881,586.Central Bank of Nigeria (CBN) recently ordered MTN to refund $8.1 billion it allegedly repatriated through illegal means.Globacom's subscribers increased by 214,646 while Airtel's subscribers increased by 149,880.9mobile's [...]

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    Do you own a Toyota Prius? The company says it’s at risk of fire

Do you own a Toyota Prius? The company says it’s at risk of fire

Toyota Motor Corporation says it is planning to recall 1.03 million vehicles, including the hybrid Prius model.In a statement released on Wednesday, the company said it discovered an issue with the engine wire harness which puts the car at risk of fire.Jean-Yves Jault, a Toyota spokesman, said the issue affected vehicles produced in Japan between June 2015 and May 2018.Jault [...]

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    Did You Know? Bobby Brown dated Janet Jackson before he met Whitney Houston

Did You Know? Bobby Brown dated Janet Jackson before he met Whitney Houston

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    ‘I slept through it’ — Djinee opens up on horrific accident

‘I slept through it’ — Djinee opens up on horrific accident

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    MTN to FG: Re-opening $2bn tax arrears claim ‘is sad’

MTN to FG: Re-opening $2bn tax arrears claim ‘is sad’

The management of MTN Nigeria has responded to the allegations of a $2 billion tax debt by the office of the attorney general of the federation (AGF).In a statement released on Tuesday and signed by Funsho Aina, the company's public relations manager, MTN said it is "regrettable and disconcerting" that the case has been reopened despite multiple tax assessments carried [...]

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    Ebube Nwagbo: I can’t act nude scenes — not even for a million dollars

Ebube Nwagbo: I can’t act nude scenes — not even for a million dollars

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    ‘CBN investigated MTN on three charges’ — Emefiele clears the air on $8.1bn sanction

‘CBN investigated MTN on three charges’ — Emefiele clears the air on $8.1bn sanction

Godwin Emefiele, governor of the Central Bank of Nigeria, says MTN was investigated over three allegations by the bank's committee of governors.In an interview with TheCable from China -- where he is attending the Forum on China-Africa Cooperation with President Muhammadu Buhari -- on Monday, the governor said the "painstaking investigation" into MTN's forex repatriation lasted 30 months.Emefiele told TheCable: “Our [...]

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    200-year-old Brazilian museum housing oldest human skeleton razed by fire

200-year-old Brazilian museum housing oldest human skeleton razed by fire

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    Kachikwu: Why China has an edge over UK, US in Africa

Kachikwu: Why China has an edge over UK, US in Africa

Ibe Kachikwu, minister of state for petroleum resources, says China has an edge over the US and UK in Africa because it is providing what Africa needs.Kachikwu made this comment on the sidelines of the ongoing 2018 Forum on China–Africa Cooperation (FOCAC)."They are active in Liberia, Ghana, Angola. They are throwing money where their mouth is and in very many [...]

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    Tonye Cole resigns from Sahara Energy to join politics

Tonye Cole resigns from Sahara Energy to join politics

Tonye Cole, an executive director of Sahara Group, has resigned from his position to join active politics.Cole, who co-founded the company in 1996, will be contesting for the gubernatorial seat in Rivers."The Board and management of The Sahara Group of Companies wish to inform the general public and other stakeholders that one of our co-founders and Executive Director, Mr Tonye [...]

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    Ernest Ebi: A lot of people in Nigerian banking have big titles but no experience

Ernest Ebi: A lot of people in Nigerian banking have big titles but no experience

Ernest Ebi, chairman of the board of Fidelity Bank, says there are a lot of people in the Nigerian banking sector with big titles but no experience.In an interview published in the bank's quarterly magazine, Ebi said there is an urgent need to address the quality of human capacity in the sector."I agree with you that the quality of human [...]

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    FULL LIST: Tatu is the biggest winner at 2018 AMVCA

FULL LIST: Tatu is the biggest winner at 2018 AMVCA

Tatu, 2017 epic movie, was the biggest winner at the sixth edition of the Africa Magic Viewers  Choice Award (AMVCA). [...]

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    Falz becomes first Nigerian artiste to win two AMVCAs

Falz becomes first Nigerian artiste to win two AMVCAs

Falz will go down in history as the first Nigerian artiste to win two major movie awards. [...]

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    Meg Otanwa suffers wardrobe malfunction on AMVCA 2018 red carpet

Meg Otanwa suffers wardrobe malfunction on AMVCA 2018 red carpet

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    Dele Momodu: How Saraki plans to defeat Buhari in 2019

Dele Momodu: How Saraki plans to defeat Buhari in 2019

Dele Momodu, a Nigerian journalist and author, has shared what he says is Senate President Bukola Saraki's strategy on how to defeat President Muhammadu Buhari in 2019.In his weekly column, Pendulum, the publisher of Ovation Magazine said he had initially omitted Saraki's name from the list of potential presidential candidates because of his "geographical location of Kwara and his own [...]

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Exchange Rates

September 24, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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