Business News

Tony Elumelu Foundation To Launch World’s Largest Digital Platform For African Entrepreneurs At TEF Forum 2018

Africa’s leading entrepreneurship focused philanthropy, The Tony Elumelu Foundation, is launching the world’s largest digital platform for African entrepreneurs and the African entrepreneurship ecosystem –  TEFConnect.  TEFConnect will officially be unveiled at this year’s TEF Forum, taking place on October 25, 2018, at Federal Palace Hotel, Lagos, Nigeria.  Harnessing and building on the success of Africa’s […]

Business News

Stakeholders Berate MTN Over Persistent Default,Abuse Of Law

•Tasks group on best practice, accountability Following double sanctions slammed on the MTN Group over allegations of illegal repatriation of $8.13 billion, and another $2 billion in outstanding taxes, capital market stakeholders believe these are a ‘dent’ on the firm’s corporate governance image. They urged MTN to entrench best practice and accountability in its operations, […]

Business News

Rift Between Executive, Legislature Raises Concern For Economy, Says MAN

Worried about the slow implementation of the budget, occasioned by rift between the executive and legislative arms of government, local manufacturers have warned on impending economic crisis that may arise from inertia in policy implementation. Preparatory to the yearly general meeting of the Manufacturers Association of Nigeria (MAN), local producers want government to stimulate the […]

Business News

AfDB Signs Into $1b Private Sector-Led Facility

•As Afreximbank gets $150m for intra-Africa trade scheme Afreximbank. The initiative, which includes the European Commission, Mariner Investment Group, Africa50, and Mizuho International Plc, is aimed at pioneering the use of securitization for new and previously unexplored segment of the financial markets. Structured as an impact investment, Room2Run is designed to enable AfDB increase lending […]

Business News

PDP Wants Kemi Adeosun Arrested, Accuses FG Of Planning To Help Her Escape From Nigeria

  The Peoples Democratic Party (PDP) has called for the immediate arrest of Kemi Adeosun, Nigeria’s former Minister of Finance, who resigned her position on Friday. Adeosun’s resignation from office followed allegations of forgery of her National Youth Service Corps (NYSC) exemption certificate. A statement by Kola Ologbondiyan, PDP National Publicity Secretary, called for Adeosun’s […]

Business News

Zainab Ahmed: 8 Things You Need To know About Kemi Adeosun’s Replacement

Zainab Shamsuna Ahmed has taken over the Ministry of Finance on Friday. Her appointment followed the resignation of Kemi Adeosun on Friday, September 14 over a NYSC certificate scandal. After accepting Adeosun’s resignation, Buhari appointed Ahmed to oversee the ministry with immediate effect. Before her new appointment, she was the State Minister, Budget and National Planning of […]

Business News

Kemi Adeosun Resigns As Finance Minister

The Minister of Finance Kemi Adeosun has resigned. Vanguard  gathered that she resigned her appointment  on Friday However, Adeosun’s aides denied her resignation. Vanguard reports that officials of the Presidential Villa who were shocked by the news were also calling the minister’s aides for confirmation. Also, reports have it that President Muhammadu Buhari decided on […]