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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.
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.
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.
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.
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.
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.
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.
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.
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.
The Special Adviser to the Edo State Governor on Media and Communication Strategy, Mr. Crusoe Osagie, has said Governor Godwin Obaseki delivers sustainable projects to better the lives of Edo people and does not go about stuffing dollars in babariga, like the Kano State Governor, Abdullahi Ganduje.
Malam Shehu Sani, who represented Kaduna Central in the Senate from 2015 to 2019, has called on the Kaduna state government and security agencies to seek out better strategies toward ending killings in the state.
Governor David Umahi of Ebonyi State, Friday, called on President Muhammadu Buhari to increase funding and logistics to the Nigeria Army, rather than contemplating sacking the Service Chiefs.
China sentenced another Canadian to death on drugs charges Friday, the second in two days to be handed the punishment, as tensions soar between Beijing and Ottawa.
Fifteen passengers and a pilot have been reported dead after an Air India Express flight skidded off the runway at Calicut international airport in Kerala.
Two men were on Friday evening abducted by gunmen along Ugwogo-Isi-Uzo road and taken to an unknown destination.
Governor Willie Obiano of Anambra State on Monday, July 27th signed into law, the revised appropriation bill of N114.9 billion for the year 2020. The budget themed, ‘‘Accelerating Infrastructural Development and Youth Entrepreneurship’’ has a total reduction of N22.2bn from the original budget of N137.1bn, translating to a 16 per cent reduction.
The Kano State Government says it will fumigate 528 public and private schools to make it safe for students writing their West African Examination Council (WAEC) in the state.
A U.S. judge on Tuesday sentenced former Google engineer Anthony Levandowski to 18 months in prison for stealing a trade secret from Google related to self-driving cars months before becoming the head of Uber’s rival unit.
Heartland FC boss Fidelis Ilechukwu has revealed the strong feeling of nostalgia on the drama that characterizes the regular NPFL season after four months out of normal coaching job.