POSTS BY: ONOME OHWOVORIOLE

CBN to the Etisalat 13: Stand down

Unconfirmed reports from Vanguard newspapers have stated Central Bank of Nigeria (CBN) has intervened in the Etisalat Nigeria loan...


Likely effect of an Etisalat solvency on the profits of these banks

Summary: An equivalent of 49% of the profits made by Fidelity Bank in 2016 could be lost Access Bank...


Travis Kalanick Fall, experts share lessons for Nigerian start-ups

Travis Kalanick founder of ride sharing app Uber, yesterday resigned from his post as Chief Executive Officer (CEO) of...



Akwa Ibom has taken Total Upstream to court over unpaid taxes

In yet another example of why Nigeria is a difficult place to do business, the Akwa Ibom state government...


It’s over, Etisalat UAE throws in the towel          

The Etisalat Nigeria saga has developed yet another twist, as a press release issued on the Abu Dhabi Stock...


Petralon deal confirms Julius Berger diversifying going into oil and gas industry

In a notice sent yesterday to the Nigerian Stock Exchange (NSE), Julius Berger stated its intention of going into...


7 funding options available to Etisalat to avoid going bust

Etisalat UAE, the largest shareholder in Nigeria’s third largest GSM Network, Etisalat Nigeria, may have discretely agreed to pull out...


Minority Shareholders of these foreign owned companies are about to get roasted

The recent spate of rights issues and forex loans being converted into equity by multinational companies could leave minority...


Getting a loan from a bank will remain difficult till these issues are fixed

At an event held last week in Lagos, the Central Bank of Nigeria (CBN) admonished the low access to...


This proves Mike Adenuga is now the largest shareholder in Julius Berger

Nairametrics investigations suggest billionaire investor and owner of Globacom, Mike Adenuga is now the single largest majority shareholder in...


The NSE launching Exchange Traded Derivatives is a big deal                     

As part of measures to enhance liquidity and participation on the Nigerian Stock Exchange (NSE), it has decided to...


NUT is spitting fire over unpaid salaries  

The poor state of the educational system in the country, has once again brought to fore as the Nigerian...


5 reasons why the CBN may not meet its 11% inflation target

Central Bank Governor, Godwin Emefiele speaking at a hearing organized by the Senate, said the CBN was targeting 11%...


5 key points Osinbanjo’s 2017 budget signing speech.

Acting President Professor Yemi Osinbanjo yesterday signed the 20117 budget into law. This was after President Muhammadu Buhari had...


Why EFG Hermes wants to operate in Nigeria        

As part of its expansion plans, EFG Hermes, an Egyptian investment bank is considering acquiring a firm in Nigeria....


Why Forte Oil wants to raise N20 billion from the equity market

One of the top 5 major petroleum marketers, Forte oil has unveiled plans to raise N20 billion in equity...


FG releases N516.4 billion as second tranche of Paris Club refunds

State governors owing salaries and pensions may have cause to smile as the Federal Government has released N516.38 billion...


Reports suggest Ethiopia Air may soon run Arik

Reports from Nigeria’s local newspaper, Thisday suggest Ethiopian Airlines is in advanced negotiations with the Asset Management Company of...


30% of Nigeria’s forex was spent on fuel importation in 2016

The Central Bank of Nigeria (CBN) spent 30% of the country’s​ foreign exchange earnings on importing petroleum products in...


Lafarge Africa to run its plants on renewable energy within 5 years

Nigeria’s second largest cement producer, Lafarge Africa is making efforts to run its plants on renewable energy in the...


Dangote Cement factory in Congo to begin operations in July 2017

Nigeria’s richest man, Aliko Dangote has continued with the expansion of Dangote Cement across the continent. The company’s 1.5...


Whistle blowers earn N634 million out of N11.6 billion recoveries

The Federal Government has recovered N11.6 billion through the efforts of 20 whistle blowers. Director of Information, in the Ministry of...


Akwa-Ibom State “Instructs” traders to reduce food prices

Worried by the high cost of food items in the state, the Akwa-Ibom state government has instructed traders to bring down...


The many flaws of the proposed ICT university?

Minister of Communications, Adebayo Shittu on Wednesday inaugurated a 20 man committee on the establishment of an ICT university. As noble...


For Ease of doing business, NPA’s new charge is anti business

Barely a few weeks after Acting President Yemi Osinbanjo signed three executive orders to facilitate the ease of doing...


Rumoured Globacom acquisition of Etisalat could be the new norm for telcos

Unconfirmed reports suggest Globacom Chairman Mike Adenuga may be interested in acquiring Etisalat Nigeria. Etisalat is currently in negotiations...


Only 200,000 people pay taxes in Anambra State

Executive Chairman of the Anambra State Internal Revenue Service (AIRS) Mr Achike Emejulu recently said only 200,000 people pay...


What OAS helicopters stands to gain by partnering Abu Dhabi Aviation

After a two year period of discussions, OAS helicopters has finally signed a partnership agreement with Abu Dhabi Aviation...


MCSI Index re-balancing could inject steroids into an already charged Nigerian stock market

Rebalancing  of the Morgan Stanley emerging market index could have a positive effect on the Nigerian Stock Exchange (NSE)...


#PMBMid-term: 3.5 million join unemployed Nigerians during Buhari administration

The effects of the recession were once again brought to the fore as the National Bureau of Statistics (NBS)...