– The Sun News
  • Seven-Up gets $60m takeover offer after losses

    …May be delisted from Stock Exchange Seven-Up Bottling Company has received an offer from its majority shareholder, Affelka, to buy out minority stakeholders for N19.33 billion ($60 million), in a takeover deal aimed at restructuring the struggling company. Privately-held Affelka, the investment firm of the Lebanese El-Khalil family, has offered to acquire 171.5 million shares…

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  • NCC to sanction adamant operators over unsolicited calls, messages

    ..Says received 18,000 out 140m subscribers complaints By Olabisi Olaleye The Nigerian Communications Commission (NCC) has restated its willingness to sanction operators found guilty short changing telecommunications subscribers. Speaking on the sidelines of the 4th quarterly open forum of the Industry Consumer Advisory Forum (ICAF), tagged, “Telecoms Consumer Dispute Resolution and Redress Mechanism”, NCC Director,…

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  • UBA emerges African Bank of the Year

    … As offshore subsidiaries shine United Bank for Africa (UBA) Plc. again proved its leadership position on the continent, as the Banker Magazine crowned it the “African Bank of the Year 2017”. The Banker Award is premier for Nigeria, as it marks the first time a Nigerian-headquartered bank will be winning the prestigious and highly…

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  • Nigeria’s environment good for business –Burge CEO, CWEIC

    …Says Africa’s domestic capital resources huge By Amechi Ogbonna Recently, the Chief Executive of the Commonwealth Enterprise and Investment Council (CWEIC), Mr. Richard Burge, visited Nigeria to interface with the nation’s business community on how to further promote foreign direct investment and also formally launch its Nigerian office. Burge took time out to interact with…

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  • Libya migrants: AU, EU demand urgent evacuation

    An urgent evacuation plan has been devised for migrants facing abuse in Libyan detention camps. It was drawn up at an African Union-European Union summit in Ivory Coast. Libya’s UN-backed administration joined the agreement, but has only limited control over the territory, raising questions about how it will work in practice. The migrants will be…

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  • Togo’s political instability may engulf West Africa –Buhari

    From Juliana Taiwo-Obalonye, Abidjan, Cote d’Ivoire  President Muhammadu Buhari and his Ivorian counterpart, Alassane Ouattara, have expressed concern that political instability in Togo, if not nipped in the bud, could have regional consequences. Both leaders made this observation during a bilateral meeting in Abidjan, on the margins of the fifth African Union-European Union AU-EU Summit, in…

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  • telecom

    India woos Nigerian Industrialists

    By Perpetua Egesimba The Secretary General of Organisation of Plastics Processors of India, Deepak Lawale has said the reason Nigeria’s plastic industry is yet to grow is due to lack of capital and non availability of raw materials and plastic machineries. Lawale spoke while addressing journalists at the Indian High Commission in Lagos on Thursday…

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  • Adamawa: 5 feared killed in fresh Boko Haram attack

    At least five people were feared killed by Boko Haram, in an attack on Wednesday night, in Wuna village, in Madagali Local Government Area of Adamawa State. The attack came days after about 50 persons were killed in a similar attack on a Mosque in Mubi town, during morning prayer. Sources said scores of fighters…

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  • Maina scandal gets messier

    • Oyo-Ita, perm sec fight over reinstatement of  ex-pension panel’s chair From Kemi Yesufu, Abuja The fetid mess raised by the controversial reinstatement of former Chairman of Presidential Task Force on Pension Reforms, Abdulrasheed Maina, got worse yesterday, as Head of the Civil Service of the Federation (HoCSF), Winifred Eto-Ita and the Permanent Secretary, Ministry…

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