Other News

SEC nullifies NEM insurance AGM
Big Business

SEC nullifies NEM insurance AGM

Nigeria’s Security Exchange Commission, SEC, has now been reported to have invalidated the 48th annual general meeting of NEM Insurance. The insurance company held its AGM in June. Sources privy to the SEC directive said all the resolutions reached the meeting were declared null and void. The insurance was also […]

Atlas Mara’s BancABC goes on IPO
Global

Atlas Mara’s BancABC goes on IPO

Atlas Mara Limited BancABC Botswana a wholly-owned subsidiary of the Company through ABC Holdings Limited has launched an IPO on the Botswana Stock Exchange, BSE. The sub-Saharan financial services investor said BancABC will sell up to 24.9% of its shareholding in BancABC Botswana. “This IPO marks an important milestone for […]

Policy

Nigeria increases minimum wage to USD98

Nigeria’s federal government has just approved an increment in the national minimum wage to N30,000 approximately USD98 based on the current exchange rate. The new minimum wage was agreed at after series of negotiations and threats of strike actions by the labour union. The latest development is also very significant […]

Transnet appoints Tau Morwe as acting CEO
JSE SENS

Transnet appoints Tau Morwe as acting CEO

Transnet SOC Ltd., South Africa’s public utility company said it has appointed Mr. Tau Morwe as the acting chief executive officer of the company. The company said his appointment is for a period from 1st November 2018 to 30th April 2019. He will also serve as a member of the […]

Eni, Lukoil sign farm-out agreement
Global

Eni, Lukoil sign farm-out agreement

Eni and Lukoil signed a farm-out agreement for the transfer of participating interests in three exploration licenses in Mexico’s shallow waters. According to the agreement, Eni will give Lukoil a 20% stake in the Production Sharing Contracts (PSC) in both Area 10 and Area 14, and will acquire a 40% […]

How to advertise during the 2019 elections
Uncategorized

How to advertise during the 2019 elections

As Nigeria’s 2019 general elections draw near, many brands owners and planners are wont to be in a dilemma. It is four months long of politicking and partisan activities that usually drowns all non-political activities. As a responsible brand owner, four months of zero marketing activity is not only unthinkable […]

HSBC, UBS exit Nigeria on FDI drought
Global

HSBC, UBS exit Nigeria on FDI drought

Swiss investment baking giants, HSBC and UBS have exited their Nigerian operations as foreign direct investment continues to slump in Africa’s largest economy. The Swiss National Bank, SNB (the country’s central bank equivalent) said that foreign direct investment in Nigeria fell to 379.84 billion naira ($1.2 billion) in the first […]