Venture capitalists and private equity practitioners will gather in Abuja next week, with policy makers to discuss what government policies are necessary to nurture and grow the venture capital and private equity industry in Nigeria. The event is the 10th Henshaw Private Equity Seminar and focuses on Private Equity and Policy. Organisers, Henshaw Capital Partners have invited asset managers who are looking to place or raise capital internationally such as pension, mutual and private equity funds as well as key federal and state ministries, members of the national and state assemblies and relevant government agencies including the Central Bank of Nigeria, Securities and Exchange Commission and the National Pension Commission.
Updated 7 Years ago

Versatile former Super Eagles defender Taribo West feels vindicated after Inter Milan doctor Piero Volpi and manager of the club when he turned out for the Italian Serie A giants between 1997 and 1999 Gigi Simone rubbished the allegation that he falsified his age. Erstwhile Partizan Belgrade President Zarko Zecevic claimed earlier this month that when Taribo joined the Serbian club from German Bundesliga side Kaiserslautern in 2001 he was 40 years old.
Updated 7 Years ago

Dangote Group, Nigeria's biggest listed company, has begun talks to raise a debut syndicated loan for $3.5 billion to fund fertiliser and oil refinery projects, two sources with knowledge of the situation said. The seven-year loan for Nigeria's biggest cement producer is split equally between the country and international lenders via lead banks Guaranty Trust Bank, Standard Bank and Standard Chartered, the sources said.
Updated 7 Years ago

US Secretary of State John Kerry is in Beijing to urge China's leaders to use their influence on North Korea to reduce regional tensions. Speaking to President Xi Jinping, Mr Kerry said the world was facing a "critical time". Mr Kerry's four-day tour of Asia comes amid speculation that North Korea is preparing for a missile launch.
Updated 7 Years ago

The sedan’s headlamps were relieved and contoured by Jenkins’ team to impart an eye-like visage that is more engaging than the common practice of rendering them smooth and flush-mounted. Any bit of differentiation helps. Sales of mid-size sedans in North America are bellwethers of company health. The 6 earned compliments from the valet at the exclusive Soho Grand hotel in Manhattan during the New York auto show press days. These guys know their cars, and latched onto the Mazda as a new favourite.
Updated 7 Years ago

The Nigeria Deposit Insurance Corporation has paid N90.13 billion to depositors of the 48 deposit money banks in-liquidation in the country as at December 31, 2012. The Managing Director/Chief Executive Officer of NDIC, Alhaji Umaru Ibrahim disclosed this Friday in Benin City, Edo State, during an address he delivered on the occasion of the NDIC Special Day at the 2013 Niger-Delta Trade Fair.
Updated 7 Years ago

As Nigeria continues to flaunt its economic potentials to other members of the international community in a bid to attract foreign investors, economic affairs commentators have warned that unless conscious efforts are put in place to defend the sanctity of the previous investment decisions undertaken by the successive administrations, various road shows put in place to attract new investors will amount to playing to the gallery.
Updated 7 Years ago

The Nigerian National Petroleum Corporation (NNPC) and its downstream and marketing subsidiary, the Pipelines and Products Marketing Company (PPMC) have said that reports of imminent scarcity of petrol in some parts of the country were false.
Updated 7 Years ago

The Jehovah's Witness religion and Mormonism both began in 19th-century America, and a single person founded each: Joseph Smith founded the Mormon faith and Charles Taze Russell founded the Witnesses. They both are Christian denominations whose followers believe others misinterpreted the true teachings of Jesus, and they both heavily emphasize spreading their faith around the world. However, beliefs on divinity, afterlife and texts differ substantially.
Updated 7 Years ago

A picture was shown off on the service’s Twitter feed, with the caption: “Latest Dubai Police patrols, now at your service.” It was widely re-tweeted with the hashtag “#onlyinDubai”. Local media suggested the £260,000 car, which has a V12 engine, a maximum speed of 217mph and accelerates from 0-60mph in 2.9 seconds, would be more used as a marketing device than as a standard patrol car.
Updated 7 Years ago