A stock and a hard place: SoftBank’s $150 billion Alibaba warchest in public eye

February 12, 2020

A stock and a hard place: SoftBank's $150 billion Alibaba warchest in public eye

SoftBank CEO Masayoshi Son threw cold water on Wednesday on the idea of cutting his firm’s $150 billion stake in e-commerce giant Alibaba, after prominent activist investor Elliott Management called for big buybacks. The emergence of New York-based Elliott as a SoftBank shareholder has renewed focus on the company’s 26% stake in China’s Alibaba, the Japanese […]

Simply Nigerian Fair (SNF) holds a retail fair for local business owners

November 19, 2019

By Kenneth Afor   As part of the global entrepreneurship week, Simply Nigerian Fair (SNF),will hold its  retail fair, the 6th annual shopping event for local business owners to showcase their products and services for prospective buyers in order to promote home-grown businesses and brands in the country. The fair will hold on Sunday, November […]

Patronise locally-made products, Buhari says in message to Lagos Trade Fair

November 1, 2019

President Muhammadu Buhari on Friday declared the 2019 edition of the Lagos International Trade Fair open, reiterating that Nigerians should continue to patronise locally-made products and services to grow the nation’s economy. The News Agency of Nigeria reports that the trade fair, which is being promoted by the Lagos Chamber of Commerce and Industry, will […]

Air Peace to begin flight operations to makurdi In November – Onyema

October 31, 2019

Allen Onyema, the chairman of Air Peace, on Thursday said the airline would begin flight operations to Makurdi, Benue capital before the end of November. Onyema made this known in an interview with the News Agency of Nigeria (NAN) in Lagos. The chairman said: “our flights to Benue will begin before the end of November […]

SystemSpecs appoints Igbalajobi, Obikile as executive directors

October 30, 2019

By Omobayo Azeez To maximise its potentials as Africa’s leading financial technology and human capital management firm, SystemSpecs has appointed Demola Igbalajobi and Ezinne Obikile as executive directors. The company, in a statement made available to business a.m., said the appointments have been made to support SystemSpecs’ vision of delivering maximum value to its diverse […]

Nigeria’s Air Peace at 5, treats passengers to free tickets, gifts, recommits to safety, comfort

October 24, 2019

By Samson Echenim Nigeria’s leading carrier, Air Peace, has reiterated its commitment to the safety and comfort of its passengers, as it turns five. The airline celebrated its 5th anniversary by rewarding passengers with various gifts including free tickets, souvenirs and improved in-flight refreshments. Allen Onyema, chairman and CEO, who described Air Peace, which is […]

Lafarge debunks being probed by SEC

October 23, 2019

By Omobayo Azeez     A listed company on the Nigerian Stock Exchange (NSE), Lafarge Africa Plc, has denied media report that it is currently being investigated by the Security and Exchange Commission (SEC). The company in a statement signed by Adewumi Alode, its general counsel and company secretary,  and filed with the NSE on […]

UPDC grows PAT 20% to N2.65bn on real estate investment in 2018

October 10, 2019

By Omobayo Azeez   UPDC Real Estate Investment Trust (UPDC REIT) has posted a better performance to end the 2018 financial year with its profit after tax (PAT) appreciating approximately by 20 per cent to peak N2.65 billion from N2.21 billion recorded in 2017. The company just filed in its audited full year financial report […]