Lamido Sanusi

In its usual tradition of quiet and peaceful change of baton, First Bank (Nig) Plc has since effected a change of its chief executive officer with Lamido Sanusi taking over from Jacob Ajekigbe. Who is Sanusi, what has he to offer and what sort of management style would he be bringing to the table? WILLIAMS EKANEM attempts answers to these questions which seems to be bothering its teeming customers.

Renaissance Capital, a financial services company says non-performing loans in Nigerian banks may double to 20 percent of total credit by 2010.

Oceanic Bank has donated seven laptop computers to the Rivers State University of Science and Technology (RSUST), Port Harcourt for presentation as the Vice-Chancellor’s prize to the Best Performing students Year One students in the institution’s seven faculties during the 2007/2008 academic session.

A consumer behaviour study by Ericsson and CNN has revealed that the international business elites are increasingly accessing the internet while on the move. The growing need for flexible viewing options to fit with changing lifestyle habits means that top executives are increasingly viewing TV content on lap-tops, desktop computers and mobile devices.

African Icon, Dr Nelson Mandela may have stepped out of public life but his huge statesman stature remains largely undiminished in the hearts of many Africans.

Stanislav Vecera

With its annual turnover in excess of $83bn, Procter & Gamble is the world’s top producer of consumer goods. However, its manufacturing footprint on the African continent is limited to the north and west, with plants in Egypt, Nigeria and Morocco. The behemoth says it has a long-term view of Africa, especially Nigeria. Mr. Stanislav Vecera, managing director/CEO for West Africa, said the company would retain its investment in Nigeria in order to continue in serving its customers in the country due to the faith it has in Nigeria. He spoke in Lagos recently to Ray Echebiri, Nik Ogbulie and Chris Uba. Excerpts:

There is no doubt that land is the most vital ingredient of national socioeconomic development of a nation. Land is wealth no matter its nature or conditions. No land is ever without its purpose. This is because on it depends every economic activity.

MTN, the South African –based  GSM operator wants to be the first off the block when it comes to South Africa 2010—the next Football World Cup.