In a bid to support the nation’s economic drive, the Management of Heritage Bank Plc joined other Corporates and government agencies to brainstorm on the way forward for the African continents. R-L: Wale Tinubu, Group Chief Executive, Oando Plc; Timi Alaibe, Non-Executive Director, Heritage Bank Plc; Chris Oshiafi, Group Managing Director of Pan African Capital…
The current predicament of Wale Tinubu, the controversial Group Chief Executive Officer (GCEO) of Oando PLC by the Securities and Exchange Commission (SEC), has only portrayed the popular parlance of ‘everyday for the thief, one day for the owner.’ On Friday, the SEC announced the dismissal of Wale Tinubu and other directors of Oando over…
A new African free trade area could be just weeks away as the last few countries ratify an agreement signed last year. The plan to boost intra-African trade by half is gaining much attention in Davos this year. When you ask Tony Elumelu if Africa would profit from free trade, the Nigerian entrepreneur and philanthropist…
The Nigeria Labour Congress (NLC) has distanced itself from the Federal Government’s Advisory Committee saying it has no relevance to the new National Minimum Wage agreement. Mr Ayuba Wabba, NLC President, who spoke in an interview with the News Agency of Nigerian (NAN) on Thursday in Abuja, said the committee has no bearing with the…
There are strong indications that the new Central Bank of Nigeria (CBN) rule excluding some essential raw materials from the list of items valid for forex will in no time lead to the lay-off of over 40,000 Nigerians who work in the manufacturing sector, analysts say. According to the Central Bank of Nigeria (CBN), the…
Heavyweight firms like Julius Berger and other construction companies are not spared of the raging economic recession that has plagued Nigeria since the President Muhammadu Buhari government took over in 2015. Construction stocks are not feeling the impact of the federal government’s acclaimed expenditure on the infrastructure. Julius Berger and Roads Nigeria Plc, both listed…
TONY ELUMELU FOUNDATION (TEF) HOSTS VIBRANT SESSION WITH NEARLY 2,000 ENTREPRENEURS French President Emmanuel Macron offered a bold and new vision of France’s relationship with Africa, speaking to Tony Elumelu Entrepreneurs in Lagos today. He passionately advocated a new partnership, prioritizing the role of entrepreneurship in driving Africa’s renaissance, highlighting the importance of the private…
……Chairman Elumelu states “Transcorp will light up Nigeria”. At the 11th Annual General Meeting of Transnational Corporation of Nigeria Plc(“Transcorp”), the Board ofDirectors confirmed their confidence in Transcorp’s growth trajectory and affirmed the Company’s commitment to increasing yield and returns to shareholders, while continuing its significant capital investment strategy. Despite the difficult economic climate, revenue…
Philanthropist and serial entrepreneur Tony O. Elumelu, CON leads a delegation of senior executives from his proprietary investment firm, Heirs Holdings, to the World Economic Forum (WEF), which begins in Davos, Switzerland today. Elumelu will join global business and political leaders during the event, bringing a message of Africa’s continued economic renaissance and of the…
Nigerians have angrily reacted to the news of the budget presentation by the country’s number one man. Unbelievable as it may sound, the figure to be spent on fixing the mess the country is presently in is a staggering 7.3 trillion Naira according to the President Mohammad Buhari just as the budget of 2016 has…
