By Alex C MTN has emerged as the Most Admired and the Most Valuable Brand in Africa, with a value of $5.4 billion. This was announced at the official launch of the 2014 Brand Africa 100® ranking of the most admired and most valuable brands in Sub-Saharan Africa, which held at the Nairobi Securities Exchange recently. MTN is the only African brand whose value surpassed a billion dollars, according to the ranking. “While it is nice to again be acknowledged as Africa’s most valuable brand, it is even nicer to be ranked the most admired African brand. It means that…
Author: Pride Team
By Alex C Global alternative asset manager, The Carlyle Group, has invested $147 million in Diamond Bank Plc, the bank said in an official press statement. The investment which came through the bank’s recently completed $305 million rights issue, is set to improve Diamond Bank’s Tier 1 capital. This will strengthen both its balance sheet and support the bank’s continued growth plans. “This investment is a testament of the Bank’s strong brand and success over the years, particularly in the Retail/SME space,” said Uzoma Dozie, Group Managing Director and Chief Executive Officer of Diamond Bank. He expressed confidence that Carlyle’s…
By Alex C The Central Bank of Nigeria (CBN) has mandated deposit money banks and merchant banks to implement the SWIFT Sanction Screen Service (SSS) on or before January 31, 2015. Sanctions screening, according to Nicolas Stuckens, head of sanctions compliance services, at SWIFT, demonstrate strong demand for SWIFT’s financial crime compliance solutions that help customers increase the effectiveness and efficiency of their compliance activities, while reducing cost and risk. The CBN, in a circular signed by Dipo Fatokun, director, banking and payment system department, asked banks and merchant banks to assign project manager for SWIFT sanctions screening service project…
Sadly, president Goodluck Jonathan was conspicuously absent at the star studded Creative industry event held in Eko hotel and suites, Lagos on Friday, November 28,2014. It was sheer disappointment for a lot of dignitaries who thronged the place to have a great outing with the First citizen of the country. President Jonathan was already in Lagos for the celebration of the creative industry when he heard of the Kano mosque Bomb blast which killed many yesterday. Thus, in respect of those who lost their lives, he skipped the event. Stars like King Sunny Ade, Segun Arinze,Rita Dominic, Waje, Kate Henshaw,…
A former Minister of state for works, Engineer Chris Ogiemwonyi on November 28th, 2014, formally decamped from the Peoples Democratic Party,PDP, to the All Progressive Congress, APC, with over 2,000 followers. The one-time President of the Energy Strategy Centre, Abuja also used the opportunity to declare his intention to contest for the Edo State Gubernatorial election in 2016. Speaking during his declaration and deflection at the Urhokpota Ground, Oba O Vonramwen Square, Benin, Mr. Ogiemwonyi gave credence to Governor Oshiomhole for his massive developmental efforts in the state. “I want to consolidate on the monumental transformation of Gov Oshiomhole which…
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MUSIC FOUR (ALBUM) One Direction 5-boy band One Direction’s album, “Four” has done the impossible. In just one week of its release “FOUR” sold an amazing 387,000 copies! This figure is the second biggest sales by any album in 2014 (that is if Flavour’s touted figure of one million ‘Thankful’ album sales in 5days figure lacks the credibility we feel is missing). “Four” is second only to Taylor Swift’s 1.287 million 1st week sales figure for ‘1989’, and coincidentally, ‘1989’ is the album the group dethroned at the number one spot on Billboard’s 200. Four is the new number…