BUSINESS NEWS TECH 

Zuckerberg urged to quit Facebook board

follow Mark Zuckerberg the founder of Facebook  should quit the Facebook board to protect user privacy said investor Scott Stringer. Stringer oversees New York City’s pension fund investments with an almost one billion dollars  stake in the social media platform. The financial officer said an independent chairman for the board was needed to ensure privacy safeguards after revelations that data was harvested from more than 50 million Facebook accounts by Cambridge Analytica. Earlier, the Facebook CEO defended his leadership following criticism from Apple’s Tim Cook. Mark Zuckerberg said that Cook’s suggestion that his company did not care about…

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BUSINESS NEWS 

Concern as Nigeria’s bond market closes negatively

follow link The bond market closed on a flat note on Friday, as slight sell at the opening of the market were offset by some investors later in the day. Market activity remained focused at the end of the curve (2027 s- 2037s), with slight buys however on the 2019 bond. Average bond yields consequently closed flat at 14.89 per cent, as the Treasury-bills market also traded negatively too. Market players have continued to play on the short end of the curve, while they reinvested most of their Open market Operations maturity…

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BUSINESS NEWS TABLOID TECH 

Expert hails Unilever, PZ, Nestle, NB, others

enter Based on stock performance last week on the floor of the Nigerian Stock Exchange, capital market analysts have advised shareholders to channel their investments to the shares of Unilever Plc, PZ Cussons Industries Plc, which fall under the conglomerates, and Nigeria Breweries, for better return on investment. An economist and a fund manager, Mr. Oluwaseyi Ogunseye, said looking at the sectors that gained last week, and the gains garnered by the stocks in different sectors, it showed clearly that most of the stocks are competing favourably. “The reason for this…

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BUSINESS NEWS POLITICS 

Apapa gridlock: Stay away from Lagos for now, Govt orders truck owners

SAMUEL ALONGE Worried by the recent traffic bottleneck that has taken over Apapa and its environs, the Lagos State Government on Friday directed owners and operators of articulated vehicles/trailers and petroleum tankers to stay away from Lagos for now. The State Government in a press conference jointly addressed by officials of the State as well as members of the Association of Maritime Truck Owners (AMATO) at the Bagauda Kaltho Press Centre in Alausa, regretted that the incessant traffic bottleneck had impacted negatively on the commercial activities of the citizenry, adding that…

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BUSINESS NEWS 

Lagos unveils new strategy to boost informal sector

…set to launch compendium of artisans The Lagos State Government has concluded plans to launch a compendium of registered artisans in the State to scale up the informal sector with the overall objective of increasing job opportunities and growing the Gross Domestic Product (GDP) of the State. Speaking with Government House correspondents on Tuesday at Lagos House, Ikeja after a meeting between Governor Akinwunmi Ambode and members of Lagos State Council of Tradesmen and Artisans (LACOSTA), the State’s Commissioner for Wealth Creation and Employment, Dr Babatunde Durosimi-Etti said the compendium…

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BUSINESS NEWS POLITICS 

 Anambra Guber Race: Ekwueme’s daughter as running mate, our joker-PDP

…as the party courts Southern Anambra, others  EMEKA OKEKE, AWKA Barely two months to the November 18 Anambra State governorship election, the Peoples Democratic Party, one of the key contenders in the race, has made strategic moves to win bloc votes from Anambra South senatorial zone and thus weaken its major contenders. To that extent, the party has announced the choice of Mrs. Chidi Onyemelukwe, the daughter of former Vice President Alex Ekwueme as running mate to its governorship candidate, Oseloka Obaze. Onyemelukwe, a lawyer, apart from being the daughter of…

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BUSINESS NEWS WORLD 

FG woos US investors, assures of safety, profits

The Federal Government has assured United States of America’s investors of the highest returns on investments in the world, if they come to Nigeria. Minister of Trade, Industry and Investment, Mr. Okechukwu Enelamah, and his Foreign Affairs counterpart Mr. Geoffrey Onyeama, stated this at the Nigeria-U.S. Business and Investment Forum in New York. Enelamah explained that the government was building the Nigeria of the future where things would be done differently from the way they were being done in the past. “Nigeria of the future will be dramatically different from…

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BUSINESS 

CR&S: First Bank celebrates customers

First Bank of Nigeria Limited has reassured both existing and potential customers of its commitment to satisfy them while it reinforces the bank’s role in driving sustainable development in communities across the country. To ensure the customers are satisfied, the nation’s oldest financial institution initiated a week of celebrating its Corporate Responsibility and Sustainability initiatives from September 25 – 29, 2017. The week, according to its Group Head, Marketing & Corporate Communications, Ms. Folake Ani-Mumuney, would witness the culmination and consolidation of the Bank’s interventions in social responsibility, promoting random acts…

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