Standard Chartered Bank, others, buy Union Bank for $500 million

Standard Chatered Bank, a member of a strategically aligned group of investors, that came together to form Union Global Partners, has bought 65% stake in Union Bank of Nigeria Plc, or 11,008,274,206 common shares for $500 million dollars. This recapitalization

Shoprite Soon to Open Sixth Nigerian Store In Ilorin, Kwara State!

Largest Retail Outlet in Africa, Shoprite, will open its sixth store in Nigeria, in Ilorin Kwara State, in a joint venture between the organization and the state government. The store will be the fourth biggest in Nigeria – 3,700 square

FIFA Releases 23 Man List For The Ballon D’Or [FULL LIST]

FIFA on Monday released the list of 23 players and 10 coaches who are considered for the prestigious Ballon D’Or and Coach of the year awards respectively. The winners will be announced at a ceremony in Zurich on 7 January

Lagos Mulls On Bicycle Lane On Major Highways

By David Stephen. Still reeling from its unpopular ban of motorcycle-taxis on major highway in the state, the Lagos Government has announced its intent to create bicycle lanes on major highways in the state. The state Commissioner for Transport, Kayode

ARISE MAGAZINE publishes its first ARISE 100 Women [FULL-LIST]

ARISE, Africa’s global style and culture magazine, published by THISDAY Group, has launched its ARISE 100 series. ARISE 100: DYNAMIC WOMEN celebrates extraordinary and powerful women effecting real change for the continent across a gamut of disciplines, including politics, fashion,

Pope Names Catholic Archbishop of Abuja John Onaiyekan Cardinal

Pope Benedict XVI has named the Catholic Archbishop of Abuja, His Grace John Olorunfemi Onaiyekan, as a Cardinal. He will join hundreds of others as high level spiritual heads of the Catholic Church globally, that will also vote to elect

Governor of Taraba State is Alive

Word Just reached Connectnigeria.com that Governor Danbaba Suntai of Taraba State has been involved in an unfortunate plane crash. The small plane which was piloted by the Governor is reported to have crashed in Yola Airport not too long ago.

FG launches General Aviation Terminal at Murtala Mohammed International Airport

The Federal Government of Nigeria has launched a new aviation terminal at the Murtala Mohammed International Airport. The General Aviation Terminal (GAT) launched, was reportedly built for 648 million naira. It was commissioned by the Secretary to the Government Anyim

Olusegun Mimiko re-elected as Ondo State Governor

Dr. Olusegun Mimiko was re-elected as Governor of Ondo state, for a second term on Saturday in the state gubernatorial election. The election is coming at a separate time, after the tilt caused by an election tribunal that changed the

FAAN names Dana Air Nigeria’s Best Airline For 2011

The Federal Airport Authority of Nigeria (FAAN) has named Dana Airline as the best-operated commercial airline in Nigeria, in 2011. This comes weeks after the Federal Ministry of Aviation restored the operating license of Dana air after one of its

Fidelity Bank Presents The Creative Writing Contest Online!

The Editorial Board of Fidelity Bank Creative Writing Workshop hereby invites fiction and poetry works for publication on creativewriting.fidelitybankplc.com. Submission instructions: Submissions should be between 500-1000 words long (for fiction and creative nonfiction). Poetry submissions should be two poems of

Nokia Offers Solar Phone Chargers To The Nigerian Market

Developing further on ease with using its products and consumer satisfaction, leading mobile phone manufacturer, Nokia, has introduced solar-powered phone charger to the Nigerian market. The charger, DC-40 solar charger, will be useful to recharge phone batteries and will be

Nigerian Budget Office Releases Proposed Expenditure Framework and Fiscal Strategy Till 2015

The Nigerian Budget Office has released a document on proposed expenditure framework and fiscal strategy in Nigeria, between now and 2015. This follows the presentation of the 2013 Budget by President Jonathan, a week ago. The document is a 15

Harvard Trained Nigerian, Adebayo Ogunlesi Joins Goldman Sachs Board

One of the few graduates in the history of Harvard Business and Law Schools, Adebayo Ogunlesi, has been appointed as a director to the board of Goldman Sachs – a US hedge funds group. This is coming at a time

RoadPeer Launches New Traffic Mobile App For Lagos State.

Lagos, the major hub for businesses in Nigeria, is known for harrowing traffic situation. The government understands this and has put measures in place to allay it; this includes an agency dedicated to traffic control, a Traffic FM, strict traffic

Bill Clinton’s Daughter, Chelsea Clinton Visits Nigeria

Daughter of former US President, Bill Clinton and Current Secretary of State, Hillary Clinton, Chelsea Clinton paid a one-day visit to Nigeria, yesterday, for a health initiative under her father’s foundation. Clinton Global Initiative – CGI – a foundation run

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