Mark Zuckerberg dropped from world’s third richest to sixth in the latest ranking

Mark Zuckerberg dropped from world’s third richest to sixth in the latest ranking

Mark Zuckerberg loses $17.6bn, plunges to world’s sixth-richest As Facebook stock plunged over 20 percent in after-hours trading on Wednesday following a disappointing earnings report, CEO Mark Zuckerberg lost $17.6bn in net worth. The 34-year-old Facebook billionaire, who had been worth as much as $86.5bn when Facebook stock traded at an all-time high earlier in […]

Huge Economic Gains As Cement Producer CCNN Merge With BUA Cement Kalambiana

Huge Economic Gains As Cement Producer CCNN Merge With BUA Cement Kalambiana

The Board of Directors of Nigeria’s Cement Company of Northern Nigeria (“CCNN”), and owners of the 500,000 metric tonnes per annum Sokoto Cement Plant, announces that it has informed the Nigerian Stock Exchange of its proposed merger (“Proposed Merger”) with the BUA Cement owned Kalambaina Cement Company Ltd (“Kalambaina Cement”) – owners and operators of […]

Zenith Insurance records N12.5bn gross premium written, pays N6.7bn claims

Zenith Insurance records N12.5bn gross premium written, pays N6.7bn claims

Zenith Insurance recorded a gross premium written of N12.5 billion during its financial year ended De. 31, 2017. It represents a 12 per cent increase over the N11.116 billion recorded in 2016 The company’s financial statements, which were approved by the National Insurance Commission (NAICOM) on April 20, 2018, also Indicated that its net assets […]

Sustainable Devt: World Bank lauds Obaseki’s PPP model, devt solutions, transparency

Sustainable Devt: World Bank lauds Obaseki’s PPP model, devt solutions, transparency

BY ISAAC OLAMIKAN The World Bank has lauded the Governor Godwin Obaseki’s blueprint for the development of the state, which leverages on the synthesis of the expertise of the private sector and an open, transparent public sector. World Bank Country Director for Nigeria and Coordinating Director for West Africa Regional Integration, Rachid Benmessaoud, said this […]

President Buhari yet to receive 2018 budget – Udoma

President Buhari yet to receive 2018 budget – Udoma

Chris Steven, Abuja Udo Udoma , Minister of Budget and National Planning says President Muhammadu Buhari is yet to receive the copy of the 2018 budget, one week after it has been passed by the two chambers of the National Assembly. Udo made this revelation on Wednesday while answering questions from State House Correspondents at […]

Prudential Zenith life commences bancassurance sales

Prudential Zenith life commences bancassurance sales

In line with the Bancassurance partnership between Prudential Zenith Life Insurance and Zenith Bank Plc., the company commenced sales in an additional fifty branches from Monday, 21st May 2018. This builds on the initial launch, which had enabled customers of Zenith Bank to purchase life insurance products in eight pilot branches over the past few […]

Marketers spoil for war with Pirates

Marketers spoil for war with Pirates

…Petition the police over nefarious activities of economic saboteurs BY ISAAC OLAMIKAN Disc and Cassette Dealers Association of Nigeria, marketers of music and movies, are spoiled for war with pirates who sabotage their business concern. In a chat recently, Clement Efenudu, the President of the association, disclosed that they are not taking the war with […]

CoralPay To Bring Alipay To Online Merchants In Nigeria

CoralPay To Bring Alipay To Online Merchants In Nigeria

Coralpay is to partner Alipay, the world’s largest online and mobile payment platform operated by Ant Financial Services Group, to ease online transactions for Chinese consumers and African merchants starting from Nigeria. The partnership further expands Alipay’s footprints in Africa and opens the door for its more than 520 million active users in China to […]

CORALPAY to power ALIPAY in Africa as Asian giant expands footprint

CORALPAY to power ALIPAY in Africa as Asian giant expands footprint

Coralpay is partnering Alipay, the world’s largest online and offline payment platform operated by Ant Financial Services Group, to ease transactions on e-channels in Africa. The partnership further expands Alipay footprints in Africa and opens the door for its more than 600 million active users in China to make purchases in the continent using the […]

EIB, ADB to support private sector investment in Nigeria with Development Bank of Nigeria

EIB, ADB to support private sector investment in Nigeria with Development Bank of Nigeria

Chris Steven, Abuja The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country. The European Investment Bank has finalized a US $20-million equity stake in the new financing institution, alongside US $50-million […]

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