Nigeria Breweries honour media executives at Golden Pen Awards 2015

Nigeria Breweries honour media executives at Golden Pen Awards 2015

Nigeria’s leading brewer, Nigerian Breweries Plc rewarded distinguished journalists at the 7th edition of the Nigerian Breweries Golden Pen Award on Friday October 30 2015 at Oriental hotel. Anthony Akaeze, a Senior Assistant Editor with Tell magazine emerged the Nigerian Breweries Golden Pen Reporter of the Year. Anthony’s work, “The ivory towers of rot”, an investigative piece on […]

BREAKING NEWS: LAMORDE REMOVED AS EFCC CHAIRMAN

BREAKING NEWS: LAMORDE REMOVED AS EFCC CHAIRMAN

Ibrahim Larmode has been removed as Chairman of Economic and Financial Commission.Those who have been following the trend of events in the anti-graft agency knew it was only a matter of time before President Mohammadu Buhari sacks the EFCC chairman.He has been facing heat of allegations over proceeds from confiscated property of governors and former […]

MTN GROUP MD RESIGNS OVER MTN NIGERIA $5.2 BILLION FINE

MTN GROUP MD RESIGNS OVER MTN NIGERIA $5.2 BILLION FINE

Phuthuma Nhleko JOHANNESBURG  The CEO of Africa’s biggest telecommunications company resigned on Monday because of a $5.2 billion fine meted out to from MTN Group’s Nigerian subsidiary. Sifiso Dabengwa was quoted in a company statement as saying he resigned “due to the most unfortunate prevailing circumstances occurring at MTN Nigeria.” Former group president Phuthuma Nhleko […]

Hello! Union Bank wants to break the Youth market

Hello! Union Bank wants to break the Youth market

By Niyi Tabiti Back in the days, Union Bank pay off “Big, Strong,Reliable” was very exciting to the ears.The adverts was shown regularly on television with the logo of a horse.Union bank was always on the top five best banks in Nigeria.    However, Gistmaster findings show that Union bank management forgot to consolidate on […]

LEAP Africa set for Social Innovators Programme and Awards 2015

LEAP Africa set for Social Innovators Programme and Awards 2015

LEAP (Leadership, Effectiveness, Accountability and Professionalism) Africa, a leading nonprofit organisation in Nigeria will announce emerging social innovators finalists at the Social Innovators Programme and Awards ( SIPA) 2015 in Abuja on November 12, 2015 themed Rage for Change: Creating Impact. According to Iyadunni Olubode, Executive Director, LEAP Africa, ‘Social innovation is a way to […]

Stanbic IBTC Directors suspended by Financial Council over Irregularities in Financial Statements

Stanbic IBTC Directors suspended by Financial Council over Irregularities in Financial Statements

The Financial Reporting Council of Nigeria has suspended the Chairman of Stanbic IBTC Bank Plc, Atedo Peterside; its Managing Director, Sola David-Borha; and two staff of KPMG, Arthur Oginga and Dr. Daru Owei, over accounting irregularities and improper disclosures in Stanbic IBTC’s 2013 and 2014 financial statements. The FRC in a statement on Monday, said […]

Is Jumia losing Nigeria market to Konga?

Is Jumia losing Nigeria market to Konga?

  Jumia just sacked about 300 staff and that is really no good news to many people who have been following the trend in e-commerce business in Nigeria. Rocket Internet the major investor behind Jumia have not issued a statement on the future of it business in Nigeria.   But Gistmaster gathered that Jumia’s office […]

UBA Records 44% Growth in Profit, As Gross Earnings Rise To N247.2 Billion

UBA Records 44% Growth in Profit, As Gross Earnings Rise To N247.2 Billion

Pan-African financial services group, United Bank for Africa (UBA) Plc, yesterday, released its 9 months unaudited financial results for 2015 showing a strong 44% rise in profit after tax to N48.6 billion and a 17% rise in gross earnings to N247.2 billion.  The third quarter results also show Net Operating Income (NOI) recorded a strong 21% […]

Global Recognition for Nigerian Stock Exchange

Global Recognition for Nigerian Stock Exchange

The Nigerian Stock Exchange’s efforts to at promoting corporate social responsibility and sustainability received boost recently when the bourse was honored with the Best Corporate Social Responsibility Company Award in New York, United States at the African Business Awards.  The African Business Awards, launched in 2008 by African Business magazine, is designed to celebrate excellence […]