Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

Sunday, 6 December 2015

PMB Returns From SA

Nigeria's President Muhammadu Buhari has returned to the country after attending the China-Africa forum in South Africa.

Thursday, 3 December 2015

MTN Nigeria's CEO Resigns


MTN Nigeria’s CEO Michael Ikpoki has resigned. The company's head of Regulatory and Corporate Affairs, Akinwale Goodluck has also resigned with immediate effect.

Ikpoki has been replaced by Ferdi Moolman as MTN Nigeria CEO while Goodluck has been replaced by Amina Oyagbola as its head of Regulatory and Corporate Affairs. Read the press statement released my MTN group after the cut...


“MTN Nigeria’s CEO Michael Ikpoki and the head of Regulatory and Corporate Affairs Akinwale Goodluck have tendered their resignations with immediate effect,” the company said in a statement Thursday morning. “They are replaced by Ferdi Moolman as MTN Nigeria CEO and Amina Oyagbola as its head of Regulatory and Corporate Affairs. Mr Moolman was previously COO at MTN Irancell and most recently CFO at MTN Nigeria.

A Nigerian national, Ms Oyagbola also retains the position of MTN Nigeria’s Head of Human Resources. She formerly headed regulatory affairs at the Nigerian operating company.” The company also said it has received a formal letter dated December 2 from the NCC informing it that, “after considering the Company’s request, it has taken the decision to reduce the fine on the MTN Nigerian business from the original N1,040,000,000,000 (One Trillion, Forty Billion Naira) to N674 Billion Naira which has to be paid by 31 December 2015.”

The fine relates to the late disconnecting of 5.1 million MTN Nigeria subscribers in August and September 2015.

Sunday, 29 November 2015

Billionaire Dangote To Boost Electricity In some Northern States

Dangote to construct a 500 Megawatt power plant in Kano, Jigawa, others


In a deliberate attempt to support local economy and wealth creation, Aliko Dangote has promised to construct a 500 megawatt power plant for Kano, Jigawa, Kaduna and Katsina States. The Chairman and CEO of Dangote Group of Companies made the pledge through his representative, Engineer Mansur Ahmed, the executive director stakeholders management, at the 36th Kano Trade Fair held in Kano. In his address, Engr. Ahmed noted that without power industries and commerce will cripple and businesses seriously decline as has been the situation in Kano State.

He further revealed that they were currently discussing with the Kano State government on the megawatt power supply and final agreement will be signed soon. Engr. Ahmed made it known that Dangote has built over a hundred borehole across the state and the theatre health facility at Murtala Muhammed Specialist Hospital which was posponed due to discrepancies and would soon take off in the next few weeks.

Dangote group has done quite a lot of intervention across the federation,he added, sighting the example of Ebola case were the group spent over a billion naira to control it's spread and another billion naira support to Internally Displaced Persons, IDPs, especially in the north east. Engr. Ahmed also disclosed that the nutrition program of Dangote Group is aimed at ensuring that Nigerian children grow up vibrant and intelligent.

from https://www.lindaikeji.blogspot.com