Africa Internet Group, AIG has received additional investments totalling $245 million, about N48 billion, from South African telecoms group, MTN, American investment banking firm, Goldman Sachs and Rocket Internet. Recall that MTN had bought 33 per cent in AIG in 2014 to join other AIG shareholders including Rocket Internet. AIG, founded in Nigeria in 2012 as an e-commerce conglomerate has leveraged deepening internet penetration in emerging markets including growing middle class to meet increasing demands for online products.

Niger Delta Exploration & Production (NDE&P) Plc listed on NASD OTC Plc, an over-the-counter securities exchange, has assured its shareholders of enhanced dividend payment in the coming years, even as it has revealed plans to raise $400 million from the domestic capital market. Speaking at NASD OTC Market analysts forum and conference call in Lagos, the Managing Director/CEO, Dr. Layi Fatona, said the company has consistently paid dividend in the last eight years, in addition to enjoying 10 years of uninterrupted oil and gas production in the country.

As the economy of the country continues to witness challenges due to the fluctuations in foreign exchange rate, insurance practitioners have said that the situation is having adverse effects on insurance business. Managing Director of Universal Insurance Plc, Mr. Ben Ujoatuonu said that insurance is an international business as such the marine aspect of insurance business is being affected because importation is at its lowest ebb.

Ahead of the make or mar 2017 African Cup of Nations (AFCON) qualifier againsta the Pharaohs of Egypt, the caretaker coach of the Super Eagles, Samson Siasia, over the weekend inspected and certified the Ahmadu Bello stadium in Kaduna fit to host the crucial tie billed for March 25.

The Indigenous People of Biafra, IPOB, yesterday welcomed the statement credited to President Muhammadu Buhari to the effect that Nigeria would not tolerate Biafra, pointing out that Biafra would also not tolerate Nigeria.