UK fines Nigeria’s Guaranty Trust Bank For $815,000 – Reuters

Britain’s financial services regulator said on Friday it had fined the UK subsidiary of Nigeria’s Guaranty Trust Bank (GUARANT.LG) (GUARq.L) 525,000 pounds ($815,000) for failing to have adequate controls to prevent money laundering.

Businessmen ceased, Exploited Consumers 'Power Supply' In FCT

Residents of some satellite towns in the Federal Capital Territory (FCT) and neighbouring communities in Nasarawa State now enjoy stable power supply, as some businessmen have taken over the distribution of electricity to households and commercial outfits in the areas.

Africa’s 20 Entrepreneurs Make Business Case

Africa’s 20 entrepreneurs will be presenting a business case for investment at Viridis Africa in October and among them will be Ben van Rooyen, CEO, ZEO Africa.

Social media has great influence on our values – Adekunle

Adenike Adekunle is the founder of SWIM, a forum that has been put together to reach out and empower women collectively to achieve positive and enduring results in their homes and the society.

Building young and future entrepreneurs

Students from various higher institutions, last Thursday, stormed the corporate headquarters of The Nation, to participate in an entrepreneurship seminar organised by the African Liberty Organisation (ALO) in collaboration with the newspaper and the Network For Free Society.

5 Things To Consider Before Buying A New Laptop

Years ago, it’s a privilege to use a Personal Computer (PC) but today, it’s becoming out dated. However, in a search for up to date systems, even Laptops, what are the factors to consider? Michael Oche guides buyers on things to look out for in purchsing new Laptops.

Job Seekers: Should I Take Any Job To Have A Job?

The question that is plaguing out-of-work job seekers is, “Should I take any job for the sake of having a job?”

IFC To Raise $1b Local Currency Bond From Capital Market

The International Finance Corporation (IFC), private sector arm of the World Bank has reiterated its readiness to deepen Nigeria capital market and support private sector development in the country by raising $1 billion local currency bond.

First Bank Foresees Boom In Privatised Power Sector

As the federal government pays off  workers of Power Holding Company of Nigeria (PHCN) to allow  the new owners of the power firms  take possession of  the companies, First Bank Plc says the power distribution sector holds huge potential.

Phase 3 Telecom Broadband Investments Hit $110m

A leading fiber optic network company, Phase3 Telecom has disclosed that it has so far invested $110m to enable broadband get to the underserved and unserved areas of the country.

Brokers Call For Life Insurance For Firms, Individuals

The Nigerian Council of Registered Insurance Brokers has emphasised on the need for corporate bodies and individuals to embrace group life insurance which is designed to reduce impact of shock related with sudden death.

Standard Chartered, SAA seal deal on aircraft purchase

Standard Chartered have signed an agreement with South African Airway, SAA to buy 10 aircrafts- A320-200.

Diamond Bank partners WWB to advance financial inclusion

As part of its plan to take banking services to the unbanked and under-banked segments of the Nigerian population, Diamond Bank Plc said it is partnering with Women’s World Banking, WWB, to advance financial inclusion for these segments in the country.

Britain’s latest social media millionaire, who still lives with mum

A young entrepreneur set to become Britain’s latest social media millionaire has admitted he still lives at home because he cannot iron or wash his own clothes.

CBN withdraws N1trn from banking system

The Central Bank Of Nigeria (CBN) removed an estimated N1 trillion from the banking system on Wednesday, causing interbank lending rates to spike by 7 percentage points from Tuesday’s close, but failing to lift the naira.

Adidas warns 2013 sales goal set to be harder to score

Europe’s biggest sportswear maker Adidas warned on Thursday its targets for 2013, especially for sales, would be more difficult to achieve than originally thought, after posting a second-quarter drop in sales.

VP Namadi Sambo’s Islamic Development Bank loan

EARLY this week, reports emerged that Vice President Namadi Sambo, on behalf of the Federal Government, had “sought the support of the Islamic Development Bank (IDB) for the provision of about $450M to expand the power transmission system to wheel up to 20, 000 megawatts of electricity”.

Nokia finalises Nokia Siemens buy, changes name

Finnish mobile phone maker Nokia said Wednesday it had finalised the purchase of German engineering giant Siemens' 50 percent stake in Nokia Siemens Networks, and changed the company's name.

5 Good Things to Say in an Interview

The best things you can say in an interview won’t necessarily get you the job on their own, but they can certainly pave the way. Keep these five things in mind as you go through the interviewing process to give yourself the best chance at landing the job.

Crude oil theft: Shell recants, says it lost $250m not $700m

Shell Nigeria, Wednesday, denied claims that its parent company, Royal Dutch Shell, lost $700 million (N112 billion) in second quarter 2013, due to crude theft and other sundry issues in Nigeria, saying that the actual amount lost to operational difficulties in Nigeria is $250 million (N40 billion).