Category: Business

ntel, Nigeria’s first 4G/LTE-Advanced network has taken the ntel NOVA gospel to Abuja, the federal capital territory. The company, which is presently prosecuting a road show across its areas of operation as part of plans to promote its bespoke 4G/LTE phone, touched down in Abuja today. Speaking at a well-attended event, Inusa Bello, Director, Consumer Marketing & Sales told the gathering of business partners, regulators and staff that “ntel NOVA is a revolution. It has brought to an end all the complaints from customers about availability and high cost of…

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Alhaji Aliko Dangote, President of Dangote Group of Companies has stated in Jalingo yesterday that the focal point of the company is to replicate the revolution it brought about in cement production into agriculture particularly rice and sugar. This is coming just as the Taraba State Governor, Darius Ishaku, expressed optimism that the state has the potential to produce the local requirement for rice and sugar as well as for exports. Dangote, who paid a courtesy call on the governor, said his company is keen about revolutionising rice and sugar…

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After the collapse of  its $1.7 billion loan talks, Chief executive of Etisalat International, Hatem Dowidar said on Monday that there was no need for the brand in Nigeria after the collapse of the loan talks. Etisalat has given Etisalat Nigeria three weeks to phase out the brand in the country. Etisalat Nigerian regulators intervened last week to save Etisalat Nigeria from collapse after talks with its lenders to renegotiate a $1.2 billion loan failed. Although Etisalat Nigeria, in a statement issued three weeks ago, claimed that it had repaid 42…

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Foremost African financial institution; Guaranty Trust Bank plc reaffirmed its position as a leading global brand with its recent recognition as ‘Nigerias Best Bank & Africas Best Bank for SMEs’ during the 2017 Euromoney Awards which held in London on Thursday, July 06, 2017 at the prestigious Tower of London. Now in its 26th year, the Euromoney Awards for Excellence covers more than 20 global product categories, best-in-class awards and the best Banks in over 100 countries around the world by recognizing institutions that have demonstrated leadership, innovation, and momentum…

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Lottery is a legalised and regulated gaming that involves the drawing of numbers for a prize. While lotteries are outlawed by some governments, others endorse it. They even organise national and/or state lotteries. Unlike betting or gambling which can involve very high stakes, Lottery (Lotto) is mostly a form of entertainment as it involves staking as low as N20 to N100 for very high rewards. It is fun, entertaining and can be very rewarding. It goes without saying that gambling benefits only those directly involved, whereas the proceeds of regulated lottery have been…

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ntel, Nigeria’s first 4G/LTE-Advanced network has launched a bespoke 4G/LTE device – ntel NOVA. The ntel NOVA phone is, according to a statement from the company, “an exciting ergonomically designed, low priced, dual-SIM device defined by characteristics of both a feature phone and a smart phone.” Continuing further, the statement said “The entry of ntel NOVA into the device market signals a new dawn in the evolution of the Nigerian 4G/LTE segment which has been impacted by concerns around the availability and affordability of 4G/LTE-capable devices. Our investment in ntel…

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Guaranty Trust Bank Plc, GTBank, has been ranked among The Banker Magazine’s Top 25 Banks in Africa that was released last night, in the magazine’s 2017 1000 Global Banks’ ranking. Other banks on the lists are Zenith Bank Plc, FirstBank Nigeria, Access Bank, United Bank for Africa Plc and Diamond Bank Plc. According to the ranking, GTBank was ranked the third in Nigeria, 13th in Africa and 588th in the world. According to The Banker, Africa’s leading economies faced adverse conditions over the 2016 review period, as low commodity prices…

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Ibile Micro Finance Bank (MFB) has been commissioned by the Lagos State government at the weekend to boost inclusion and aid to micro, small and medium scale enterprises (MSMEs) in the state. Commissioner for Finance, Akinyemi Ashade disclosed that the initiative was aimed at reducing poverty and unemployment in the state. His words “This is another milestone in the history of financial inclusion of Lagos State. Recently, the committee on financial inclusion put together by the Central Bank of Nigeria (CBN) visited the state and observed that about 70 per…

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Mr. Tony Elumelu, Chairman of Heirs Holdings and the Tony Elumelu Foundation, has congratulated Afrexim at the just concluded Annual General Meeting of the African Export-Import Bank (Afreximbank) held in Kigali, Rwanda, for the critical support that the bank, led by the President, Dr. Benedict Oramah, provides for African businesses and its significant contribution to the development of cross-border trade and investment in Africa. Elumelu highlighted the role of African institutions, such as Afrexim, commenting that the bank’s mission was further evidence of Africa’s own ability to provide long-term, strategic…

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Access Bank Plc’s rating has been raised from “A+” to “Aa-” by foremost Nigerian rating agency, Agusto & Co. The upgrade reflected Access Bank’s strong financial profile, resilient profitability levels, and solid capital position, a statement from the bank said at the weekend. Agusto & Co. also recognised Access Bank as an institution of a very good financial condition and strong capacity to meet its obligations. The rating was further supported by the bank’s strong domestic presence, supported by an extensive branch network, good liquidity profile as well as experience…

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