Emirates seeks take-over of Etihad to create world’s largest airline

Dubai’s flagship airline Emirates is looking at taking over unprofitable neighbour Etihad, Bloomberg reports, in a move that would create the world’s biggest carrier by passenger traffic. The talks, which are at a preliminary stage, would see Emirates acquire the main airline business of Abu Dhabi’s Etihad, which would keep its maintenance arm, according to……

Stakeholders offer insights on attracting impact investments to Nigeria

The growth of impact investment, an approach to achieve positive social and environmental impact while simultaneously earning financial returns has been hailed as breakthrough in practice of investment worldwide. Experts have therefore outlined ways Nigeria can be attractive for such investments. Professionals from the regulatory, banking, private equity among other sectors were gathered at the……

PDP controls three of four Presiding Officers’ seat in NASS

For the first time since Nigeria states operating bicameral legislature in 1963, three of the four Presiding Officers at the National Assembly are members of the main opposition Peoples Democratic Party (PDP).   This development followed the submission of Nomination and Expression of Interest forms by Speaker of the House of Representatives, Yakubu Dogara to recontest the……

CBN working with banks, MTN to resolve CCI saga

The Central Bank of Nigeria (CBN) on Wednesday said it is working with the Deposit Money Banks (DMBs) and MTN Nigeria to arrive at an equitable resolution of sanctions it imposed recently on four banks and MTN. In a statement signed by Isaac Okorafor, director, corporate communications, the CBN said the recent sanctions on the……

Impact investors sidestep Nigeria for African peers

In 2007, the term impact investing was coined at a Rockefeller foundation convening in Bellagio centre and since then, has begun to gain commendable traction globally. The concept which is clearly differentiated from philanthropy, focuses on a new form of investment that generates sustainable financial returns and environmental or/and social impact with none taking precedence……

APC moves Presidential Primary to Sept. 25 as Ambode left to carry cross

President Muhammadu Buhari’s ruling All Progressives Congress (APC) postponed its presidential primary election to Sept. 25 because of logistical delays, the party said in a statement yesterday. Buhari, 75, is seeking a second term and is currently the APC’s sole candidate. Emma Ibediro, APC National Organising Secretary who conveyed the decision of the National Working……