Mr. Atiku Abubakar, Presidential candidate of the Peoples Democratic Party (PDP) has vowed to sack Mr. Godwin Emefiele, Governor, Central Bank of Nigeria (CBN) if he wins the presidential election slated or February 2019. Atiku told Bloomberg that Emefiele has failed on the job and there was no need to re-appoint him as CBN governor
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January 17, 2019
Atiku Vows to Sack CBN Gov, Godwin Emefiele
- By : Business Journal
- Banking
January 17, 2019
Kanu’s Hardley Apartments: True Position by AMCON
The attention of Asset Management Corporation of Nigeria (AMCON) has been drawn to some inaccurate stories that are sponsored and published in the media meant to mislead the public and whip up sentiments for former Super Eagles player, Mr. Nwankwo Kanu. A statement signed by Mr. Jude Nwauzor, Head, Corporate Communications, AMCON was quoted to
- By : Business Journal
- Business
January 17, 2019
BPE Inaugurates Board of Yola DISCO
Director General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh has charged members of the Management Board of the Yola Electricity Distribution Company (YEDC) to shun personal and sectional interests in the discharge of their duties. Inaugurating the Board of the company headed by Mr. Gbeleyi Ayodeji yesterday in Abuja, the DG
January 16, 2019
Access Bank to Target Retail Business Post-Merger
The Access Bank Plc that will emerge after its proposed merger with Diamond Bank Plc will play strongly in the area of retail business in the financial services sector of the economy. Mr. Victor Etuokwu, Executive Director at Access Bank Plc said: “We need to invest in retail market to drive economic growth, this is
- By : Business Journal
- Banking
January 16, 2019
PenCom Targets N3tr, 20m Workers from Micro Pension
The National Pension Commission (PenCom) is set to launch the Micro Pension Scheme this month with a target of N3trillion into the pension assets from over 20 million workers across the country. The initiative is expected to dramatically increase the level of total pension assets in the country from N8.45 trillion as at October 2018 to
- By : Business Journal
- Insurance
January 16, 2019
Linkage Assurance Strengthens Mgt as NAICOM Confirms Braie as CEO
Linkage Assurance Plc has strengthened its top management following the confirmation of Mr. Daniel Braie as substantive Managing Director/CEO of the company by the National Insurance Commission (NAICOM). The confirmation came via a letter dated December 28, 2018 to the Chairman, Board of Directors of Linkage Assurance Plc. Mr. Braie was the Executive Director, Technical
- By : Business Journal
- Insurance
January 13, 2019
Wapic Insurance Unveils Ombudsman Desk for Better Customer Experience
Wapic Insurance Plc has unveiled an Ombudsman Desk to ensure better customer experience in line with its transformational leadership objectives in the insurance sector. Mrs. Yinka Adekoya, Managing Director/CEO of Wapic Insurance Plc said at the launch of the initiative that the Ombudsman Desk is to ensure seamless and smooth service for customers of the
- By : Business Journal
- Insurance
January 10, 2019
Linkage Assurance Assures Clients of Value, Efficient Service in 2019
L-R: Mr. Humphrey Ozegbe, Head, Human Resources; Mr. Tony Saiki, Head, Oil and Gas; Mr. Daniel Braie, Managing Director/CEO; Mrs. Joyce Ojemudia, General Manager, Marketing; and Mr. Moses Omoregbe, Company Secretary, all of Linkage Assurance Plc at the Company’s 2018 End of the Year Dinner and Awards Ceremony held in Lagos. Linkage Assurance Plc is
- By : Business Journal
- Insurance
January 10, 2019
ZETA-WEB Nigeria Becomes Microsoft Authorized Education Partner
Zeta-Web Nigeria yesterday announced it has become a Microsoft Authorized Education Partner (AEP), demonstrating its ability to meet Microsoft academic customers’ evolving needs in today’s dynamic business environment. To earn a Microsoft AEP authorization, partners must complete a test to prove their level of academic licensing and market expertise. The AEP program is designed to
- By : Business Journal
- IT & Telecom
January 10, 2019
Equity Market Plunges… ASI Down 2.3%
The domestic equity market closed yesterday on a negative note as the All Share Index (ASI) plunged 2.3% falling below the 30,000-mark for the first time since May 2017 to close at 29,336.80 points. Market YTD return worsened to -6.7% and market capitalisation decreased by N260.8bn to N10.9tn. Yesterday’s performance was dragged by price depreciation in DANGCEM (-8.6%), GUARANTY (-2.2%), and ACCESS (-5.9%).
January 9, 2019
9mobile on the Verge of Collapse
The decision of Teleology Holdings Limited to exit 9mobile Nigeria and trade off its equity signals a bad omen for 9mobile and could lead to its eventual collapse. Inside sources reveal that irreconcilable differences within the Board and management of 9mobile prompted the latest action on the part of Teleology to quit the telco even
- By : Business Journal
- IT & Telecom
January 9, 2019
NSE CEO to Review 2018 Market Performance, Project 2019
The Nigerian Stock Exchange (NSE) is set to hold its 2018 Market Recap & Outlook for 2019 on Monday, January 14, 2019, at the Stock Exchange House, Lagos. This annual event is a forum for the Chief Executive Officer of NSE, Mr. Oscar N. Onyema to brief the stock-broking community, analysts, media and other stakeholders,
January 9, 2019
IATA Tests New Payment Platform for Air Tickets
The International Air Transport Association (IATA) announced the successful completion of the first “IATA Pay” ticket purchase transaction in a live test environment. The transaction was conducted in partnership with ipagoo, a UK-based fintech company. IATA Pay is an industry-supported initiative to develop a new payment option for consumers when purchasing a ticket directly from
- By : Business Journal
- Aviation
January 7, 2019
$1.2bn or $182m: Lagos Monorail Budget Controversy Deepens
The trending report by China Railway Construction Corporation, the company in charge of Lagos light rail project otherwise known as Lagos monorail, has yet again piqued the curiosity of BudgIT and its unrelenting demand for openness on the part of the Lagos State Government in terms of its budget. Just as taxpayers, BudgIT says it
- By : Business Journal
- IT & Telecom
January 7, 2019
NIPR, P+ Measurement Partner on Media Monitoring
Clockwise: General Secretary, Lagos State Chapter, Nigerian Institute of Public Relations, Thelma Okoh; Chairman, Lagos State Chapter, Nigerian Institute of Public Relations, Olusegun McMedal; Lead Consultant, P+ Measurement Services, Philip Odiakose; and Chief Operating Officer, P+ Measurement Services, Olufunke Mohammed during the signing of the Memorandum of Understanding marking P+ Measurement Services as the Official
- By : Business Journal
- News
