Business

AfDB Boosts Jobs For Youth In Africa With Close To $2 Million

The African Development Bank’s Fund for African Private Sector Assistance (FAPA), has provided funds totaling nearly US $2 million to its Jobs for Youth in Africa initiative. FAPA, of which the Government of Japan is a major donor, along with the Austrian Government and the African Development Bank, will contribute $923,570 and $988,202 to finance the Bank’s Fashionomics Africa Digital Marketplace and Entrepreneurship & Innovation Lab ...

Read More »

Samsung’s foldable phone could soon be a reality

Samsung Ravi Silva, University of Surrey We rarely see a truly remarkable new technology more than once a decade. After years of undelivered promises, such a technology looks finally set to enter the market: the flexible computer screen. Imagine, a tablet display you can fold up and put in your pocket, a smart watch whose strap is the screen, or ...

Read More »

NSE Says No Trading In Skye Bank Shares From Monday

The Nigerian Stock Exchange (NSE) on Friday officially notified the investing public that Skye Bank Plc shares would be suspended from trading on Sept. 24. The exchange gave the notice in Lagos in a statement by Mr Olumide Orojimi, Head, Corporate Communications and Mr Godstime Iwenekhai Head, Listings Regulations. NSE said that the action was taken following the revoking of ...

Read More »

CBN Shuts Down Skye Bank

Polaris Bank has taken over the assets and liabilities of Skye Bank, the Central Bank of Nigeria said today. Consequently, the CBN has revoked the operating licence of Skye Bank Plc with immediate effect. Governor of Central Bank, Godwin Emefiele, disclosed this during a press briefing in Lagos on Friday.  Emefiele said the decision was reached following the inability of ...

Read More »

AfDB President Adesina Woos Canada At Africa’s Investment Table

African Development Bank President, Akinwumi Adesina, on Wednesday urged Canadian business leaders to “be part of the action and seize investment opportunities on the continent.” Adesina made the call while meeting with 80 leading representatives of the Canada-Africa Chamber of Commerce in Toronto. Promoting the Bank’s upcoming Africa Investment Forum (AIF), scheduled for 7-9 November 2018 in Johannesburg, South Africa, ...

Read More »

N6.9bn Debt: UBA, Anambra Government Move To Settle Rift  

Raymond Ozoji, Awka The Anambra State Government and United Bank of Africa PLC (UBA) are currently working on amicable settlement on the N6.9 billion unpaid tax arrears established by the court as debt owed the state government. Chairman and Chief Executive Anambra Internal Revenue Service Dr. David Nzekwu disclosed this to our correspondent at the Revenue House Awka On Wednesday. ...

Read More »

Nedbank Announces 10 World Innovators To Be Connected To Business Leaders 

Nedbank recently announced the expansion of their US partnership with Plug and Play, the world’s largest innovation platform, to include South Africa for the first time. Together, the entities will connect 10 visionary entrepreneurs from around the world to business leaders at The Disruption Agenda to be held in Johannesburg, South Africa in September. “We’re incredibly excited for the ten startups that are ...

Read More »

Osinbajo Calls For Backward Integration In Dairy Industry At Meeting With FrieslandCampina

Vice President Yemi Osinbajo, SAN, is encouraging investors in the dairy industry to facilitate backward integration in the sector including providing incentives for local diary farmers. Prof. Osinbajo expressed this view earlier today when he received on a courtesy visit to the Presidential Villa, a delegation from FrieslandCampina led by its Global CEO, Mr Hein Schumacher. The delegation also included ...

Read More »

Revenue Agency Seals UBA Offices In Anambra, May Seal More Organizations Over Tax Default 

Raymond Ozoji, Awka The Anambra State Internal Revenue Service has said that it doesn’t intend to close offices of corporate citizens doing business in the state but the agency won’t hesitate to enforce court orders to recover government revenue from tax defaulting institutions. This is coming on the heels of the closure of all branches of the United Bank for ...

Read More »

Osinbajo Launches N10,000 Collateral Free Loans To Petty Traders In Abuja

In line with its agenda to spread prosperity and reduce poverty, the Federal Government will continue to initiate and sustain programmes aimed at uplifting Nigerians at the bottom of the pyramid, especially petty traders regardless of socio-political background, according to Vice President Yemi Osinbajo, SAN. The Vice President stated this earlier today at the formal launch of the FCT TraderMoni programme, ...

Read More »