ECONOMIST RANKS LAGOS BUSINESS SCHOOL AMONG WORLD’S 50 TOP BUSINESS INSTITUTIONS
Lagos Business School (LBS) has emerged the only school in Africa listed among the top 50 business schools in the world in the Economist Magazine’s 2018 EMBA ranking.

Uchenna Uzo, the Director, MBA Programmes, LBS, said at a news conference in Lagos on Monday that the school’s Executive MBA was ranked 48th best in the world out of 65 schools.

Mr Uzo said the annual ranking of the world best providers of EMBA programme was based on personal development/educational experience and career development.
Read more..........https://newsbreakers.ng/economist-ranks-lagos-business-school-among-worlds-50-top-business-institutions/



FG, STATES GROW EXTERNAL DEBT BY 114% UNDER BUHARI
The Federal Government and the 36 states of the federation, as well as the Federal Capital Territory, grew the country’s external loan commitments from $10.32bn in June 2015 to $22.07bn in March 2018, investigations have shown.

This reflects an increase of $11.76bn or 113.94 per cent growth in the country’s external debt within 33 months. The period is within the presidency of Muhammadu Buhari, as he took over the reins of government on May 29, 2015.

In naira terms, statistics obtained from the Debt Management Office in Abuja on Monday showed that the country’s external loans rose from N2.03tn as of June 31, 2015, to N6.75tn as of March 31, 2018. This reflects an increase of 232.51 per cent.
Read more...........https://newsbreakers.ng/fg-states-grow-external-debt-by-114-under-buhari/



ECOBANK NIGERIA MANAGING DIRECTOR RESIGNS
Ecobank Transnational Incorporated, the parent company of the Ecobank Group, on Monday, announced the resignation of Mr Charles Kie as the managing director of Ecobank Nigeria Limited.

The ETI, in a statement sent to the Nigerian Stock Exchange, said prior to his current role at Ecobank Nigeria, Kie was the group executive, corporate and investment bank for ETI.

He joined Ecobank in October 2011 as the chief operating officer of the then Ecobank Capital and was subsequently appointed the head of the group’s corporate banking business.
Read more.............https://newsbreakers.ng/ecobank-nigeria-managing-director-resigns/


TWITTER SHARES FALL ON WORRIES ABOUT USER BASE
Twitter shares tumbled Monday on concerns the social media’s efforts to crack down on fake accounts would affect its user base, and potentially its finances.

At 1810 GMT, shares of the social media company were down 6.0 percent at $43.89 after earlier shedding almost 10 percent.

The decline follows a report late Friday in the Washington Post that described how Twitter’s greater scrutiny of user data had resulted in more than 70 million account suspensions in May and June.
Read more..........https://newsbreakers.ng/twitter-shares-fall-on-worries-about-user-base/



LABOUR, MAN, DISTILLERS REJECT 500% EXCISE DUTY INCREASE
Stakeholders in the manufacturing sector on Monday opposed the 500 per cent increase in excise duty being proposed by the Federal Government.
The stakeholders, who include the Nigeria Labour Congress, Manufacturers Association of Nigeria, Distillers and Blenders Association of Nigeria, and Association of Food Beverage and Tobacco Employers of Nigeria, expressed their displeasure over the proposed duty hike in separate submissions to the Senate Committee on Finance at a public hearing on the matter.

The committee had, in line with the resolution of the Senate in May this year, organised the public hearing on ‘The Urgent Need to Review the Excise Tariff Increment in Order to Save Local Distillers of Beverages from Looming Extinction’.
Read more............https://newsbreakers.ng/labour-man-distillers-reject-500-excise-duty-increase/

good one