Aiteo strengthens group with appointment of international advisor

Mr Knezevic will lead Aiteo’s funds raising activities from global capital markets with the primary objective of reinforcing the Group’s growth and diversification targets in Nigeria and across Africa as a whole Aiteo Group has announced the appointment of Ratko M. Knezevic as Group Advisor on Business and Capital Development with effect from 5 May […]

Nigerian banks see stability returning

* Target manufacturing, agriculture, infrastructure… Nigerian banks are uptick that the economy is past the worst of what most described as “the most severe downturn in 25 years”, according to Renaissance Capital’s findings from its 8th annual Pan-Africa Investors conference, which held in Lagos recently. According to the research firm, the return of stability in […]

Lagos pays N1.8bn as pension in 1 year

Lagos State Government on Monday said that it paid a total of N1, 846 billion as pension from May 31, 2016 to April 30, 2017. The state Commissioner for Establishment, Training and Pensions, Dr Akintola Benson-Oke, made the disclosure at the 2017 Ministerial Press Briefing to mark Gov. Akinwunmi Ambode’s two years in office. The […]

Vodafone sells $2.6 billion Safaricom stake to S.African unit

Vodafone Group Plc is simplifying its holdings in sub-Saharan Africa, selling a $2.6 billion stake in Kenya’s Safaricom Ltd. to its majority-owned Vodacom Group Ltd. The all-share deal will transfer a 35 percent stake in Safaricom to Vodacom in return for stock in the Johannesburg-based unit, raising the parent’s stake in its South African business […]

CBN tasks other financial institutions on proper rendition of returns

CBN

The Central Bank of Nigeria (CBN) has tasked other financial institutions (OFIs) on proper and prompt rendition of returns for it to effectively assess and mitigate money laundering-risks in the industry. In a circular signed by Tokunbo Martins, its director of other financial institutions supervision department, and addressed to all OFIs, the CBN noted the […]