Blackstone Makes €175m Equity Investment in Superbet

By Aduragbemi Omiyale The fitness campaign of a leading domestic payment cards and tokens brand, Verve, VerveLife, will get bigger this year as a leading global sportswear giant, adidas, has expressed its intention to be part of it. Six years ago, Verve started the initiative. It has grown to be one of the biggest fitness festivals on the African continent, attracting several participants. For VerveLife 6.0, adidas is coming to use the programme to grow its brand presence in Nigeria, according to the Commercial Director Africa at adidas, Mr Brett Burgess. “We are excited by our partnership with VerveLife as

By Modupe Gbadeyanka Momentum is already gathering for the forthcoming 2023 Ikeja Golf Club Championship taking place between November 20 and November 26. No fewer than 200 golfers are expected to take part in the prestigious event, which brings together players from across the country. Speaking during a press conference ahead of the event, the club captain, Mr Sina Akinyemi, said this year’s edition coincides with the organisation’s 55th anniversary. “The Ikeja Golf Club is at the heart of the city of Lagos. We are set to host our annual pinnacle event, the Golf Club Championship, between November 20 and

By Bliss Okperan Some match officials in the Nigeria Professional Football League (NPFL) have been punished for poor officiating by the Nigeria Referees Association. President of the group, Mr Sanni Zubair, disclosed this to the News Agency of Nigeria (NAN) over the weekend in Lagos. He explained that the action was taken to restore the confidence of players and other stakeholders, including football fans, in the local league. According to him, the organisation will not hesitate to flush out referees found guilty of undermining the football league, adding that efforts are being made to ensure the domestic league regains attraction.

By Adedapo Adesanya The Jos Electricity Distribution Plc (JED) has decried the slow pace of meter provision to customers and has craved for more efforts toward achieving the metering goals of the company. The Managing Director of the Jos DisCo, Mr Abdu Mohammed, in a statement, said the slow adoption of the prepaid metering system was making things difficult for the organisation, which aims to bridge the metering gap. Speaking during a meeting with vendors handling the company’s Meters Asset Providers (MAP) programme, the energy expert noted that the firm plans to provide 400,000 meters to its customers. “If you

By Modupe Gbadeyanka President Muhammadu Buhari has been accused of leading Nigeria into recession after failing to adopt the right policies to deal with the crash in crude oil prices. This allegation was made by the former Minister of Solid Minerals, Mrs Obi Ezekwesili, while speaking as the guest speaker at the inaugural Business Lecture of the Lagos Country Club in Lagos on Thursday night. Also accused for the same offence was the immediate past President, Mr Goodluck Jonathan, who Mrs Ezekwesili said equally failed to adopt the right policies to deal with the crash in crude oil prices in

By Modupe Gbadeyanka The Business School Netherlands (BSN) has again been rated Tier one among the Global Executive MBA Business Schools rankings in the latest CEO Magazine Global Ranking. In the 2022 Global MBA Rankings released in February 2022, the BSN International Action Learning MBA emerged sixth among the Tier One European MBA Rankings, while BSN International Action Learning MBA claimed the second spot in the Global Online MBA Rankings. The CEO Magazine Global Ranking is a global recognition hotly desired by the world’s top business schools. The platform has published its MBA rankings annually for the past 10 years

By Dipo Olowookere Director General of Nigeria Tourism Development Corporation (NTDC), Dr Sally Uwechue-Mbanefo, has stressed that security challenges in the country has not hindered tourism. According to her, security issues have long been a global challenge and not peculiar to Nigeria. Dr Mbanefo, while delivering a paper on the topic ‘Growing Nigeria’s Economy Beyond Oil and Gas’ at the Nigerian Bar Association (NBA) Annual General Conference held recently in Port-Harcourt, Rivers State, advised Nigerians to be a forward looking people with a zest and passion for conciliation, co-operation and co-habitation. She said with such a large population of young

By Modupe Gbadeyanka In order to achieve $25 billion Foreign Direct Investment (FDI) by 2020, surpassing the Nigeria’s Economic Recovery and Growth Plan (ERGP) set target, Federal Government has assured American investors that they would get highest returns on investments if they come to Nigeria. Minister of Trade, Industry and Investment, Mr Okechukwu Enelamah, and his Foreign Affairs counterpart, Mr Geoffrey Onyeama, gave this assurance this week at the Nigeria-US Business and Investment Forum held in New York on the sidelines of the 72nd United Nations General Assembly. The forum was attended by Minister of Solid Minerals, Mr Kayode Fayemi;

By Adedapo Adesanya The African Export-Import Bank (Afreximbank) has officially launched its wholly-owned insurance management services subsidiary, AFREXInsure, with a commitment to provide a single-entry point for all speciality insurance needs to assist in optimally managing related risks for the trade and commerce sector in Africa. The launch also witnessed the unveiling of AFREXInsure’s logo and brand identity under the slogan “Insurance Optimised”. Established in 2021, AFREXInsure is set up to offer speciality insurance solutions for trade and trade-related investments across Africa with access to quality, best-in-breed speciality insurance that is tailor-made for Africa. With credible knowledge of Africa, AFREXInsure

By Dipo Olowookere Treasury bills valued at N124.88 billion would be reissued by the Central Bank of Nigeria (CBN) on Wednesday, October 14, 2020 (today). Business Post reports that the debt instruments to be offered for sale to investors via the primary market auction (PMA) are maturing T-bills. They will be reissued across three tenors by the apex bank at the value of N8.85 billion, N3.50 billion and N92.54 billion for the 91-day, 182-day, and 364-day maturities respectively. As usual, the bills are expected to be oversubscribed by investors, who have continued to show a strong appetite for the segment

By Dipo Olowookere Treasury bills yields increased on Thursday by one percent as market players repriced quotes in reaction to developments at the previous day’s auction. According to analysts at Zedcrest Research, trading activities were however relatively muted as investors cautiously anticipated results from the Central Bank of Nigeria (CBN) OMO auction, which were not released until close of trading. With most players placing bids at about 13 percent at the day’s auction, the CBN issued a No-Sale OMO result. This is expected to slightly moderate bearish market sentiments, with trading activities expected to remain relatively constrained to the short