Monthly Archives: August 2021

I won’t allow agony of divorce to affect my business- Bill Gates

The co-founder of Microsoft Corporation, Bill Gates, has described his recent divorce from Melinda French Gates, as “a very sad milestone” and a source of “personal sadness.” Billionaire Gates spoke in an interview with CNN’s Anderson Cooper as reported by the New York Post on Wednesday, saying that his relationship with billionaire Jeffrey Epstein was a “mistake.” Jeffrey Edward Epstein ...

Read More »

How FG wants to generate N100bn from lottery business- Official

new-coat-of-arms

Amid concerns about low revenue generated by the lottery industry, the Federal Government has planned to generate N100 billion from the sector annually. This disclosure was made by the Executive Secretary of the National Lottery Trust Fund (NLTF), Bello Maigari, on Thursday during the presentation of sporting kits to the agency’s staff in Abuja. It should be noted that despite ...

Read More »

$2.76m Deal: Manufacturing giant, PUMA threatens to sue FG, AFN

German sportswear manufacturing giants PUMA will sue the Athletics Federation of Nigeria and Federal Ministry of Youth and Sports, The sportswear manufacturer had terminated the four-year contract in a letter dated Wednesday, August 4, 2021, and signed by the company’s director Manuel Edlheimb. It was gathered that the AFN under the leadership of Ibrahim Gusau had entered into a controversial ...

Read More »

Food Affordability: Report ranks Nigeria second poorest in the world

A report by the Institute of Development Studies, a UK-based think tank, has placed Nigeria as the second poorest country in the world in terms of food affordability. The report, which was compiled through a publicly available global cost-of-living database, Numbeo, was used in creating a ‘cost of food basics’ analysis that compares the monthly minimum recommended spending on food ...

Read More »

FMDQ Securities Exchange lists securities worth of N2.07 trillion in 2020

FMDQ Securities Exchange has listed 82 securities worth N2.07 trillion in the 2020 business year. The group also planned to start listing and trading in equities. Speaking at the group’s Annual General Meeting (AGM), Chairman, FMDQ Holdings Plc, Dr. Kingsley Obiora, said the group recorded significant achievements during the year despite the challenges posed by COVID-19 pandemic. Obiora, who was ...

Read More »

We are yet to renew MTN’s operating licence- NCC dismisses news report

The Nigerian Communications Commission (NCC) has debunked news report that it has renewed operating licence of MTN Nigeria. According to the regulatory body, the telecoms company has applied for the renewal of its Unified Access and Service Licence (UASL), saying that the application has not been approved as it’s still undergoing regulatory approval processes. “The attention of the Nigerian Communications ...

Read More »

DBN doles out N215.1bn loan to 136,000 SMEs

The Development Bank of Nigeria (DBN) has given out N215.1 billion loan to 136,000 Micro, Small and Medium Enterprises. This is despite the ravaging effect of COVID-19 pandemic in 2020. DBN, in a statement after Agusto and Co rated the bank ‘AAA’, said it will continue to “expand the scope of its operations, onboarding more Participating Financial Institutions (PFIs) and ...

Read More »

CSR: Keystone Bank Plc renders help to students in IDP camps

Keystone Bank Limited, through its ‘Pink Network’ initiative, in partnership with Hayat Holdings (Producer of MOLPED Pad) and WHAI (Whispering Hope for Africa) Nigeria, has donated menstrual period kits to over 3000 marginalized girls in IDP camps and secondary schools within the North-Eastern region of Nigeria. A statement by the lender said the gesture was part of the bank’s corporate ...

Read More »