Guinness Nigeria rewards distributors, supports their business growth

Guinness Nigeria Plc has rewarded its trade partners for best-in-class performance and responsible marketing of its alcoholic beverage brands.

storm 88°entertainment tv set to unveil their services to the general public

storm 88° entertainment tv is an online tv media platform covering all aspects of entertainment from music

Become One of Jumia’s Independent Sales Consultant

Jumia Nigeria promotes Entrepreneurship with a new money making program for everyone, with an opportunity to become part of Jumia.

Be The Next Successful Beauty Entrepreneur!

Bunmi Oyeniyi, CEO Unveil Africa, has spent the last decade building a veritable brand in makeup and would like to set you up as a beauty entrepreneur!

Send your true story, not more than 1000 words, on your struggle through life and your triumph in the face of adversity…and become Nigeria’s next successful Beauty Entrepreneur!

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World Most Expensive Painting

A painting by Francis Bacon of his friend and fellow artist Lucian Freud has become the most expensive artwork ever sold at auction after it fetched $142m (£89m, 106m euros) in New York.

The triptych, Three Studies of Lucian Freud (1969), is considered one of Bacon's greatest masterpieces.

It was sold after six minutes of fierce bidding, Christie's auction house said.

The price eclipsed the $119.9m (£74m) paid for Edvard Munch's The Scream last year.

At the same auction, Jeff Koons broke the world record for a price paid for a single artwork by a living artist.

His sculpture Balloon Dog (Orange) - one of a series of five stainless steel sculptures in varying colours - fetched $58,4m (£36.7m).

The previous record for a living artist was set by a Gerhard Richter painting depicting an Italian city square, which sold in May for $37.1 million (£23.3m).

It was the first time Three Studies of Lucian Freud had been offered at auction and bidding opened at $80m (£50m, 60m euros). Its presale estimate was $85m (£53m, 64m euros).

A telephone bidder won with an offer of $127 million (£80m), which, after commission, means they will pay a total of $142m.

The auction house did not disclose the identity of the buyer.

Bacon, known for his triptychs, painted Three Studies of Lucian Freud in 1969 at London's Royal College of Art, after his studio was destroyed in a fire.

Francis Outred, head of Post-War and Contemporary Art at Christie's Europe, said the work was "a true masterpiece and one of the greatest paintings to come up for auction in a current generation".

"It marks Bacon and Freud's relationship, paying tribute to the creative and emotional kinship between the two artists," he added.

The pair met in 1945 and became close companions, painting each other on a number of occasions, before their relationship cooled during the 1970s.

Exhibited in Bacon's renowned retrospective at the Grand Palais, Paris in 1971-1972, the three panels that form the painting were separated in the mid-1970s.

One panel was shown at the Tate in 1985 before the three sections were reassembled.

The complete work was displayed in New Haven, Connecticut in 1999.

It got its first ever UK public viewing at Christie's in London in October this year.

Firstbank Promotes Financial Independence, Introduces “FutureFirst” Initiative

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2014 Rolls Royce Wraith Unveiled (PHOTOS)

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Another Nigerian Man Overtakes Aliko Dangote As The Richest African Alive (LOOK)

Highly celebrated Nigerian businessman, Alhaji Aliko Dangote is about to lose his position to another wealthy Nigerian business tycoon.

The man in question is Abdulsamad Rabiu, a 53-year-old Nigerian businessman who followed his dad’s footsteps by venturing into importing business.

Nigeria, Japan collaborate to improve electricity transmission

The Federal Government on Tuesday announced its collaboration with Japan to tackle electricity transmission challenges in the country.

Transcorp to raise Ugheli plant’s capacity to 1,500MW

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Three Executive Directors quit Unity Bank

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Lagos gets SEC approval to issue N87.5bn bond

 

Lagos State Tuesday said it had obtained the approval of the Securities and Exchange Commission (SEC) to issue N87.5 billion 7-year bond to fund critical infrastructure projects.
The state’s Commissioner for Finance, Mr. Ayo Gbeleyi, who disclosed

FG urged to remove banks’ high interest rates on transactions

The Federal Government has been called upon to remove banks’ high interest rates on transactions and other policies that hinder the development of small and medium enterprises in the country.

The Executive Secretary of the Nigerian Investment Promotion Commission (NIPC), Mr Mustafa Bello, made the call in Abuja on Wednesday.
He spoke when the Director General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Alhaji

Bentley University Tries to Make Business and Liberal Arts Pay Off

Colleges are in the cross hairs of a debate over the relative value of a liberal arts education versus a business degree. But Gloria Cordes Larson, the president of Bentley University in Waltham, Mass., says students don't need to choose just one path.

"It's not about pitting lifelong learning skills against professional skills," says Ms. Larson, a former lawyer and economic policy adviser at the state and federal levels, who took the helm at Bentley in 2007. "A college degree should reflect both."

Ms. Larson says liberal arts schools are losing out not because they teach literature and philosophy, but because they're not doing enough to prepare students for the working world.

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Bentley President Gloria Cordes Larson says millennials are 'fabulous.' Parker Eshelman/The Wall Street Journal

All of Bentley's 4,200 undergraduates complete a set of general business courses, such as marketing and global strategy, and then select a major in subjects ranging from finance to philosophy. About 20% of business students double-major with a liberal studies program.

Combining business and liberal-arts instruction has paid off. Last year, 81% of Bentley graduates were employed six months out of school—earning a median $50,000 a year—and another 15% were in graduate school.

Twitter Soars in Its Trading Debut

Anthony Noto of Goldman Sachs Group Inc. GS -1.47% Goldman Sachs Group Inc. U.S.: NYSE ^$161.11 -2.41 -1.47% Nov. 7, 2013 1:37 pm Volume (Delayed 15m) : 1.60M P/E Ratio 9.29 Market Cap $73.44 Billion Dividend Yield 1.36% Rev. per Employee $1,264,410 11/07/13 Twitter Soars in Its Trading D... 11/07/13 Michael Sherwood Takes a Bigge... 11/07/13 Goldman: Mortgage Probes May B... More quote

Financial Experts Count Gains of Forex Market Reforms

                                            CBN Deputy Governor

 Operations Directorate, Tunde Lemo Two weeks after the Central Bank of Nigeria rolled out new rules on foreign exchange market, the anticipated benefits of the new policy as well as the challenge of implementation are still being discussed at different levels of discourse, reports Festus Akanbi As the nation inches close to the election year 2015 with the attendant threat to fiscal discipline, which the current administration preaches,

Nigeria Bags UN Award for Excellent Performance on MDGs

Nigeria has received United Nations' award for its excellent performance towards achieving the Millenium Development Goals (MDGs) targets, and for helping to maintain the momentum in the continent of Africa and beyond. The Regional Director, Africa, UN Millenium Campaign, Mr. Charles Abugre gave this award at the weekend in Abuja to the Senior Special Assistant to the President on MDGs (SSAP-MDGs), Mrs. Precious Gbeneol, who received it on behalf of the country.

Sanusi Emerges Central Bank Governor of the Year for the Third Time

For the third consecutive time, Governor of the Central Bank of Nigeria (CBN), Mallam Lamido Sanusi, at the weekend emerged the Central Bank Governor of the Year for the Sub-Saharan Africa. The award, which was organised by Emerging Markets Magazine at the prestigious Willard Continental Hotel, Washington DC, United States of America, turned out to be the largest gathering of finance ministers and central bank governors from the emerging economies of Asia, Europe, Middle East and North Africa, South America and Sub-Saharan regions. In a citation, the magazine’s Managing Director, Mr. John Orchard, acknowledged Sanusi’s outstanding performance in driving down inflation from double digit to a single digit of about 8 per cent. Sanusi, he added, has consistently pursued and successfully maintained macroeconomic stability amid the arduous challenges confronting the Nigerian economy. Receiving the award, the CBN Governor, jocularly told the gathering that if it were in a game of football, the award would have been for keeps, having won it three times, back- to-back candor.

The First Flying Car Has Been Invented; Will Be On Sale By 2015 (LOOK)

New England aviation company Terrafugia has unveiled its latest conceptual version of a flying car, which is part sedan, part private jet with two seats, four wheels and wings that fold up so it can be driven like a car, will be on sale in less than two years

Hello! Magazine Hits Nigerian Market In Grand Style

Zandiley Blay, Editor in Chief, True Tales Publication; Mrs Betty Kachikwu, Vice Chairman, True Tales Publication; Dame Abimbola Fashola, first Lady, Lagos State and Anne Omezi, Group Managing Director, Signature group during the launch of Hello Magazine in Lagos over the weekend.