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Pascal Dozie

MTN appoints ex-minister, ex-revenue chief, ex-NBA president as board members

Telecommunications firm, MTN, has notified the Nigeria Stock Exchange of a substantial change in its board structure. Pioneer board chair, Pascal Dozie, is stepping down along with five other directors.

Operators fault MTN Nigeria listing over free float

Some stakeholders in the capital market have faulted the listing of MTN Nigeria Communications Plc on the nation’s bourse in spite of unavailability of the mandatory 20 per cent free float.
Nigerian Stock Exchange NSE

NSE gains N1.9 trillion as MTN lists 20.35 billion shares

The market capitalisation of equities listed on the Nigerian Stock Exchange rose by N1.90tn on Thursday after MTN Nigeria Communications Plc listed 20.35 billion shares on the Exchange.
Ferdi Moolman

Citibank, Stanbic, First Bank, UBA, 8 others to raise N200 billion for MTN

South Africa owned mobile communication giant MTN Nigeria signed a seven-year medium term loan agreement of N200 billion with a consortium of 12 local lenders on Wednesday.

Federal government to restrict insurance operators to areas of competence

According to Kari, the new policy would introduce a “risk-based system” where companies would be restricted to their areas of competence and abilities instead of the “rule-based system” in operation, where companies operate regardless of the level of their capital.

MTN pays N165 billion out of N330 billion SIM fine – NCC

The Nigerian Communications Commission ( NCC ) said that MTN has paid N165 billion out of the N330 billion fine imposed on it due to its inability to disconnect improperly registered SIM cards.

Ex-VP Alex Ekwueme was a great, selfless statesman – Anglican Bishop

Most Rev. Adebola Ademowo, the Bishop of Lagos and Dean Emeritus, Church of Nigeria, (Anglican Communion), has described the late former Vice President, Dr Alex Ekwueme, as a selfless and God fearing Nigerian statesman.

I owe no apology for inviting South Africa’s Jacob Zuma – Governor Okorocha

Governor Rochas Okorocha of Imo State has accused the Peoples Democratic Party, PDP, of not building the image of the state, as well as looting public treasury.

Nigerian govt officials advised to adopt responsible investment principles

A former official of the Supreme Court of South Africa, Prof. Mervyn King, has advised Nigerian government officials to adopt Responsible Investment Principles to enhance the nation’s socio-economic development.

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ICPC: We’ll fight corruption with full powers of law

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) said on Monday it would fight corruption according to the full dictates of the law.
In 2016 while inspecting ongoing projects in the state, Rivers State Governor, Nyesome Wike said his administration had built over 200 roads and bridges in the state.

No corrupt individual will be allowed in my cabinet – Rivers governor

The Governor of Rivers State, Chief Nyesom Wike, has stated that no corrupt individual would have a position in his cabinet, restating the state government’s commitment in the fight against corruption.
The Speaker of the House of Representatives, Rep. Femi Gbajabiamila (APC-Lagos), has announced the demise of a former member of the house, Rep. Tony Okey. 6

We are yet to receive official document for airport concession, national carrier plan – Reps...

Despite the several months of campaigns over the federal government’s plans to concession four international airports across the country, the Chairman of Nigeria’s House of Representatives Committee on Aviation, Honourable Nnolim Nnaji at the weekend has declared that the lower legislative chamber was yet to receive any official document on the airports’ concession plan. Despite the several months of campaigns over the federal government’s plans to concession four international airports across the country, the Chairman of Nigeria’s House of Representatives Committee on Aviation, Honourable Nnolim Nnaji at the weekend has declared that the lower legislative chamber was yet to receive any official document on the airports’ concession plan.
The Embassy of Israel in Nigeria on Friday reopened after a two-day closure of all Israeli embassies and consulates due to strike by diplomats and military attaches over allowances.

Man jailed over plot to attack Israeli embassy

A Jordanian court on Monday sentenced a man to eight years in prison for allegedly plotting to attack the Israeli embassy in Amman last year.
Members of Real Madrid’s first-team squad are allegedly pleased to see Jose Mourinho appointed as the new head coach of Tottenham Hotspur.

Jose Mourinho wants to reunite with former Manchester United star at Tottenham

Tottenham boss Jose Mourinho is planning a shock move for former Manchester United midfielder Marouane Fellaini.