Business

Oil prices rise on Saudi Aramco’s upbeat demand view, Iraq output cut

  Oil prices climbed on Monday, supported by Saudi optimism on Asian demand and an Iraqi pledge to deepen supply cuts, although uncertainty over a deal to shore up the U.S. economic recovery capped gains. U.S. West Texas Intermediate (WTI) crude CLc1 futures rose 50 cents, or 1.2%, to $41.72 a barrel at 0301 GMT, […]

Business

Telecoms: VAS business shrinks as 22.7m subscribers activate DND

PROTECTION   The telecom operator’s efforts to protect subscribers is gaining momentum as more mobile users block unwanted messages on their lines   The woes of companies providing Value Added Services (VAS) through mobile networks are being compounded as more Nigerians activate the Do-Not- Disturb (DND) code. According to the Nigerian Communications Commission (NCC), over […]

Business

NSE extends weekly gains by 1.41%

POSITIVE SENTIMENT   Financial services industry led the activity chart with 677.301 million shares valued at N5.070 billion traded in 10,386 deals   Trading activities on the floor of the Nigerian Stock Exchange last week ended positive as the NSE All-Share Index and market capitalisation both appreciated by 1.41 per cent to close the week […]

Business

Ex-aviation staff finger PTAD, BPE in delayed N1.12bn payment

PARLEY NAHCo has called for a meeting to iron out the grey areas for possible reconciliation   Some ex-workers of Nigerian Aviation Handling Company Plc (NAHCO) have given account of their trauma and untold hardship they have grappled with to receive their severance pay since they were laid off under questionable circumstances more than 15 […]

Business

Sterling Bank extends Farmers’ Radio to six-geo-political zones

Sterling Bank Plc, Nigeria’s leading commercial bank, has extended coverage of its Farmers’ Radio programme to cover the six-geo-political zones of the country, following its wide acceptance and success in the northern part of the country.   Since its debut in 2018, the Farmers’ Radio show is the only agriculture-related radio show sponsored by a […]

Business

Seplat hires CFO

Seplat Petroleum Development Company Plc has appointed Mr. Emeka Onwuka as its chief financial officer and executive director for Lagos and London. The company said in a statement that the appointment would take effect from August 1, 2020.   Onwuka, who has over 30 years’ experience in financial services across sub-Saharan Africa, is a chartered […]

Business

IBM gets regional head for Nigeria

IBM Corporation has appointed Angela Kyerematen- Jimoh as its regional head for North, East and West Africa.   According to the company, she would be responsible for the company’s operations in over 40 countries in Africa, including Morocco, Nigeria, Kenya, Senegal, Uganda, Ghana and Tunisia.   Before her appointment, Kyerematen-Jimoh was chief of staff to […]

Business

El-Rufai joins PwC Nigeria

Rukaiya El-Rufai has joined the elite partnership of PricewaterhouseCoopers Nigeria, making her the first person from the northern region to be elevated into such a position.   Other partners are Akinyemi Akingbade, Chioma Obaro, Kunle Amida, Olusola Adewole, Tosin Labeodan, Wura Olowofoyeku and Yinka Yusuf.   Prior to the admission, El- Rufai worked at the […]

Business

The Philippines employs Nigerian as consul

A Nigerian, Emmanuel Akpakwu, has been appointed the consul to the Philippines Consulate in Nigeria.   Akpakwu is a reputable entrepreneur and investor and has had a business relationship with the Republic of the Philippines for over 10 years.   Her Excellency, Shirley HO-Vicario, the Philippines Ambassador to Nigeria, has already performed the swearing-in ceremony […]

Business

Beverage firm names director

PepsiCo has appointed Managing Director of Guaranty Trust Bank of Nigeria, Segun Agbaje, as independent member of its Board of Directors.   According to a statement by the company, the Board of Directors elected Segun Agbaje as an independent member of the board.   His experience in business transformation and passion for delivering consumer value […]