MTN stock jumps as Nigeria’s CBN hints at reconciliation over $8.1bn fine

MTN Group Ltd.’s shares rose the most in more than six months after the Nigerian central bank softened its stance over claims that Africa’s biggest wireless carrier illegally transferred $8.1 billion out of the country. MTN climbed 7.5 percent to 78.87 rand by 9:32 a.m. in Johannesburg Thursday, its biggest gain since March 8. The……

‘Demand, infrastructure determine type of aircraft we deploy into a country’

Afzal Parambil is the Emirates regional manager for West Africa. In this interview with Ifeoma Okeke, he speaks on the airline’s upgrade of its Abuja route’s operating aircraft to a Boeing 777-300ER from the 777-300 classic, amongst other industry issues. You plan to take Airbus aircraft to Ghana as part of the activities to launch……

I stand with Adeleke against Anti democratic forces of fascism- Atiku

Former Vice President and presidential aspirant of the People’s Democratic Party (PDP) has denounced the allegation of examination malpractice levelled against the PDP candidate in Saturday’s governorship election in Osun state, Ademola Adeleke. In a statement he personally signed on Wednesday, Atiku said “I have received the news that the candidate of the Peoples Democratic…

Price, screen size, camera matter as Apple releases new iPhone brands

Apple, the world’s largest information technology company unveiled three of its latest new iPhone in the market last week which are iPhone XR, iPhone XS and iPhone XS Max BusinessDay analysed and compared these apple products based on price, screen size, camera, display technology, weight and color. Starting with the cheapest among the three phones……

Forte Oil shares rally after billionaire owner linked with Lagos job

Forte Oil’s stock price has climbed to a near one-month high since the billionaire owner of the indigenous oil company- Femi Otedola- was rumoured to be in contention to prise Nigeria’s commercial hub, Lagos, away from incumbent governor Akinwunmi Ambode in next year’s election. At close of trading Wednesday, the stock was the best performer……

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……

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……

Governance by alternative facts

Time was when facts were sacred and we often differ to ‘expertise’. The rise of populism, anarchists and far right groups across the world has resulted in absolute lack of interest in evidence, an erosion of trust in traditional institutions and politicians and the consequent rise of ‘alternative facts’ and a society where trusted populists…