Etisalat Nigeria announced that it has committed about N80m to the funding of scholarship awards to 800 Nigerian students in institutions of higher learning across the six geopolitical zones of the country.

The Chief Executive Officer, Etisalat Nigeria, Mr. Steven Evans, disclosed this at the 5th Etisalat Merit Awards in Abuja which held recently.

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Petroleum product marketing company, Conoil Plc has said it is consolidating its lead in fuel retailing with the construction of seven new mega stations to increase its retail network across the country.

The opening of the stations has been scheduled for the last quarter of the year, the company said in a release.

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To avoid the fate of other slow-selling electric vehicles, BMW AG will offer the new i3 with a unique option: the use of a spare, conventionally powered auto.

Customers of BMW's first electric model can book a conventional auto like the X5 SUV for several weeks a year for family trips or as a backup. The "add-on mobility" feature, for which BMW hasn't yet revealed pricing, is part of the manufacturer's effort to overcome a major concern about electric vehicles, namely getting stuck on the side of the road with a dead battery.

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Etisalat Nigeria last week announced the launch of its Daily Instant recharge bonus promotion.

The promotion would reward all new Customers with instant bonus of up to 100 percent on all recharges of N200 and above made everyday within the first 30 days of activating their telephone lines made within the first month of activating their telephone lines on the Etisalat network. New Customers whose recharges are not up to N200 also get 50% instant bonus. The bonus airtime is valid for 7days and can be used for pay as you go browsing, sms and calls to all networks.

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Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr. Oscar Onyema

Transnational Incorporated Plc. and three other listed firms have secured the approval of the Nigerian Stock Exchange to raise about N32.47bn from the capital market.

The other three companies are Sterling Bank Plc., Wapic Insurance Plc. and Resort Savings and Loans Plc.

The report showed the companies planned to raise the amount by way of rights issue. Since the market picked up at the beginning of the year, quoted companies have indicated their interest to raise money from the market through the existing shareholders.

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L-R: Publicis Groupe CEO Maurice Lévy embraces Omnicom Group CEO John Wren during a press conference in Paris on July 28.

New York-based Omnicom Group and Paris-based Publicis Groupe, two of the largest global advertising agency holding companies, today confirmed that they will merge.

The merger which was announced on Sunday, will not only create the world's biggest advertising group, with combined market capitalization of $35.1 billion, but it will also put four of Chicago's largest advertising agencies into the same international holding company.

Chicago-based Leo Burnett is part of Publicis, as is Digitas Chicago. DDB Chicago and Energy BBDO are part of Omnicom. Once the merger is complete, likely by early next year, the four will join an extended family known as Publicis Omnicom Group, setting the stage for cooperation and consolidation.

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(Bloomberg) The average value of luxury homes in central London exceeded 2 million pounds ($3 million) for the first time in the second quarter as more purchasers competed for a smaller number of properties on the market, Marsh & Parsons Ltd. said.

Home values in prime locations from Chelsea to Kensington rose 9.3 percent in the 12 months through June, the London-based property broker said in a report today. The number of buyers seeking homes in the most expensive districts climbed 11 percent from three months earlier, while residences available for sale declined by 14 percent.

“The imbalance of supply and demand is pushing property prices higher in prime London areas,” Chief Executive Officer Peter Rollings said in a statement. “Property is changing hands in record time and for close to the asking price.”

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