InMobi, an independent mobile Ad network, and Softbank Corporation has completed a $200 million (N30 billion) investment agreement. The funding according to the agreement will take place in two tranches of $100 million in September 2011, followed by an equivalent tranche in April 2012.

The Federal Government has called on the private sector to help attract Foreign Direct Investments (FDIs) into the housing sector of the country.

The Board of Directors of the Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, has approved $250 million in financing for two American firms to invest and recapitalise Union Bank of Nigeria Plc.

In efforts toward supporting President Goodluck Jonathan’s ambition of entrenching good leadership in all sectors of the nation’s economy, the National Institute of Marketing of Nigeria (NIMN) has reinstated the need for Nigerians to live up to the task of contributing their quota towards achieving the goal of a prosperous nation that can stand the test of time.

Airtel Nigeria confirmed its rating as a socially responsible company in Nigeria with the sponsorship of the maiden edition of the just ended Airtel Rising Stars U-17 tournament which ran nationwide for a month.

AMALGAMATED Union of Public Corporations, Civil Service Technical and recreational Services Employees, AUPCTRE, implored the Senate to thoroughly investigate all the privatized enterprises and determine the processes and the extent they met national interests.

The term business denotes a particular trade or profession designed to provide goods and/or services to consumers. And in like vein, any organization which provides these services is also referred to as a ‘Business’. Businesses play a vital role in the life and culture of countries with capitalist and free-market economies.

A shoe seller who won N150,000 in the daily draws of the on-going “Win Cash with Loya” milk promo has said she would use her prize money to change her line of business from selling shoes to become a distributor of Promasidor Nigeria Limited, makers of Loya Milk and other food products.

A decline was recorded in trading on the Nigerian Stock Exchange NSE, last week, as the indices for measuring the performance of listed equities, the market capitalisation and the All-share index both dropped by 4.28 per cent.

Standard Alliance Life Assurance Ltd has announced a gross premium income of N5.809 billion during the 2010 business year.

Chartered Institute of Stockbrokers, CIS, said it has repositioned its Disciplinary Tribunal to help advance in its mandate of regulating the conduct and behaviour of stockbrokers in the Nigerian capital market.

Fidelity Helping Hands Programme, the Corporate Social Responsibility (CSR) unit of Fidelity Bank Plc has donated a Toyota Corolla salon car, a deep freezer, packs of groceries and clothing to the inmates of Ngwa Road Motherless Babies Home, Aba, Abia State.

As part of its corporate social responsibility initiative that demonstrates its Care and Service to humanity, Samsung Electronics West Africa, a subsidiary of Samsung Electronics Company, a global leader in consumer electronics and digital convergence technology, today donated latest technological products to orphans and vulnerable children to mark the Samsung Week themed ‘Here For Naija!’ in Lagos.

Nigeria Breweries Plc has raised the profile of energy rinks in the market with introduction of Climax Herbal energy drink.

Lafarge Cement WAPCO Nigeria Plc has registered a N50 billion Bond Issuance Programme. The Bond Issuance Programme was approved by the Securities and Exchange Commission (SEC) recently.