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StarTimes holds 8th African digital TV development seminar in Beijing

The annual African Digital TV Development Seminar, a strategic think-tank for stakeholders in the African broadcasting industry organized by StarTimes Group has held the 8 th edition in Beijing. President, StarTimes Group. Mr. Pang XinXing Commencing on June 28, the 8 th edition of the Seminar recorded a landmark in attendance with over 400 delegates, […]

Business

GTBank debunks Innoson’s Supreme Court order claim

Read the press release by GTBank below… The attention of Guaranty Trust Bank Plc (“the Bank”) has been drawn to false. mischievous and malicious statementscirculating in the news and social media in respect of a purported directive by the Supreme Court of Nigeria to the Bank to make payments to one of its debtor Customers. […]

Business

National Assembly considers laws to halt corruption, sanitise oil industry — Saraki

The Senate has declared that it is planning laws that would bring about sanity and eliminate corruption in the Nigerian oil and gas industry. Speaking at an Oil and Gas Public Lecture Series in Abuja, organized by the Institute of Oil and Gas Research and Hydrocarbon Studies, IOGRHS, Senate President, Bukola Saraki, said the laws […]

Business

Access to electricity increases as METKA emerges with EXERON

METKA, the strategic business unit of MYTILINEOS S.A, leading international EPC contractor and industrial manufacturing group, is set to boost access to power with the Nigeria launch of EXERON, a unique and innovative power conversion system that provides reliable power in non-electrified regions and unreliable grid locations. Illuminated Hospital Road, PWD Bus-stop, Badagry, with Street […]

Business

Barkindo sues for cooperation as oil price stabilises at $78 per barrel

THE Secretary General, Organisation of Petroleum Exporting Countries, OPEC, Mohammad Sanusi Barkindo has called for increased cooperation among stakeholders in order to achieve stability in the global market. Secretary General of OPEC Mohammed Barkindo The call becomes essential as crude oil price, which had dropped from $76.00 to $74.62 per barrel stabilised at $78 per […]

Business

You don’t need signicant investment to start a company — Jason Njoku, CEO, iROKO

Jason Njoku is the pioneering British-Nigerian founder and CEO of iROKO, a multimedia company that provides paid-for, on-demand Nollywood content to audiences worldwide. He spoke of his business experience in this interview culled from ‘How We Made It In Africa’. Excerpts What’s is the toughest situations you’ve found yourself in as a business owner? In […]

Business

Naira would remain at N360, until production, export improve — CBN

…Floating would have destroyed economy, dragged naira to N3,000 …Banks tried to scuttle FOREX interventions. The Central Bank of Nigeria, CBN, has disclosed that the naira would continue to exchange at N360 to a dollar until production and export of goods increases significantly in the country. Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele […]

Business

Naira appreciates to N360.97 in I&E window

The Naira yesterday appreciated by 105 kobo to N362.97 per dollar in the Investors and Exporters (I&E) window even as volume of dollars traded rose by 11 percent. Data from FMDQ showed that the indicative exchange rate for the I&E window dropped to N360.97 per dollar yesterday from N362.02 per dollar on Wednesday, translating to […]

Business

Domestic airlines resolve not to pay VAT

Nigerian domestic airlines’ operators, after a meeting yesterday, resolved that with effect from June 14, they will no longer pay Value Added Tax, VAT, to the Federal Government as it amounts to double taxation. Air Peace They further contended that Nigerian domestic airline travel is the only mode of transportation paying VAT in the country. […]

Business

Union Bank introduces Robotics to ease banking operations

UNION Bank Plc has introduced a Robotic Process Automation (RPA) to ease routine banking operations especially that of cash dispense errors made by Automated Teller Machines (ATMs). The RPA technology, which makes use of software robots to simplify business process delivery, is expected to deliver improved business efficiency and data security by automating repetitive tasks […]