NIGERIA’S SOLA DAVID-BORHA EMERGES STANDARD BANK CHIEF EXECUTIVE
Nigeria's Sola David-Borha has been appointed Chief Executive, Rest of Africa, Standard Bank Group.
Having led Stanbic IBTC Holdings PLC as Chief Executive from 2012...
AKEES GIVES FARMERS MILLIONS EVERY THREE MONTHS
BY Patrick ALBERT
A silent agricultural revolution is taking place in Akwa Ibom State. The despondency of subsistence farming is giving way for multi-million naira...
NUPENG SUSPENDS 3-DAY WARNING STRIKE
Nigerian oil workers have suspended their 3-day warning strike.
The Nigerian Union of Petroleum and Natural Gas Workers, NUPENG, had embarked on strike over what...
NIGERIA’S EXTERNAL RESERVES HIT $26.5bn
Nigeria’s external reserves hit $26.55bn on January 9, from $26.2bn on January 6 as crude oil price and output increases.
This is Tuesday's figure from...
DANGOTE TO RESUME TOMATO PASTE PRODUCTION IN FEBRUARY
The Dangote Tomato Processing Factory in Kadawa, in Kano State has announced plans to resume production in February.
The company, which began production in February...
LIST OF FIRMS APPROVED BY NNPC TP LIFT NIGERIAN CRUDE FOR...
The NNPC has approved a total of 39 firms to lift Nigerian crude oil from the year 2017 all through to 2018.
On the list...
LANDING COST OF FUEL HITS N210, PRICE HIKE IMMINENT
The landing cost of petroleum in Nigeria has hit an all time high of N210 per litre.
The increase is forcing the Petroleum Products Pricing...
CHRISTMAS BONANZA: NIGERIAN PROSTITUTES SLASH PRICES
Commercial sex workers in Nigeria have reportedly reduced their price to encourage patronage during the festive season.
According to reports, a round of sex now...
FG INTRODUCES NEW VEHICLE REGISTRATION SYSTEM
The federal government of Nigeria is introducing a new electronic Vehicle Identification Number (VIN), Finance Minister Kemi Adeosun says.
Any vehicle on which duty has...
ARIK AIR WORKERS COMMENCE INDEFINITE STRIKE TODAY
Staff of Arik Air will today embark on an indefinite strike action today (Tuesday) over non-payment of seven months’ salaries.
Report has it that Arik...
FIVE NIGERIANS WHO MADE FORBES 2016 WORLD BILLIONAIRES
Despite economic downturn facing Africa's largest economies, Nigeria with drastic dropped in GDP, which official saw official slide in recession in the second...
NIGERIAN MAN PASSES OUT ABOARD KLM FLIGHT
Pandemonium broke out Friday aboard KLM Flight KL 0587 bound to Lagos from Amsterdam after a male passenger passed out in the hands of...
2017 BUDGET: EXPENDITURE BREAKDOWN
Nigeria’s President, Muhammadu Buhari has presented the 2017 appropriation bill to a joint session of the National Assembly.
Here are the breakdown of the budget:
Oil...
FG RELEASES FACT SHEET ON BORROWING FROM CBN TO COUNTER SANUSI
The CBN advanced the Federal Government the sum of N1.193 trillion as Ways and Means as at 2nd December 2016.
A fact sheet of the...
DPR SEALS 19 FILLING STATIONS IN SOKOTO, KEBBI FOR SELLING ABOVE...
The Department of Petroleum Resources (DPR) has sealed 19 filling stations in Sokoto and Kebbi states for allegedly selling petrol above the pump price...
CRUDE OIL PRICE HITS 16-MONTH HIGH
Oil prices on Yesterday, December 5, 2016, rose to its highest point in 16 months following an agreement between OPEC members to reduce production.
Brent...
NAIRA CRASHES AGAINST THREE MAJOR CURRENCIES AT PARALLEL MARKET
Naira, today (Friday), depreciated further against three major currencies - Dollar, Euro and Pound at the parallel market as speculation, hoarding and increasing zero...
NCC FINALLY SUSPENDS DATA PRICE HIKE
The Nigerian Communications Commission (NCC)on Wednesday announced the immediate suspension of the new minimum pricing template for data services by mobile operators.
The new rate,...
AKHA APPROVES ANOTHER N5BILLION LOAN REQUEST
The Akwa Ibom State House of Assembly at plenary on Tuesday approved a request to allow the state government guarantee Wizchino Construction Company to...
FAAC: HOW FG, STATES, LGs SHARED N455Bn ALLOCATION FOR OCTOBER
… As Akwa Ibom Gets 13% Derivation
Minister of Finance, Mrs. Kemi Adeosun, said Federal, State Governments and the Local Government Councils shared N455 billion...
DON’T EXPECT IMPROVED POWER SUPPLY IN NEXT FIVE YEARS –...
The Managing Director of the Benin Electricity Distribution Company, Olufunke Osibodu, has urged Nigerians not to expect any improvement in the power sector in...
AMCON TAKES OVER DANGOTE’S FACTORY
The Asset Management Corporation of Nigeria, AMCON last Friday successfully took over possession and management of Dansa Foods Processing Company Limited belonging to Sani...
MMM ‘INVESTORS’ DONATE MILLIONS TO HOSPITAL PATIENTS IN IBADAN
Community of mutual aid and donation exchange populalrly known as MMM on Thursday, November 17, 2016 donated about N2.5Million to hospital patients in Ibadan,...
FINALLY, EFCC SPEAKS ON ONGOING PROBE OF MMM OPERATIONS IN NIGERIA
The Economic and Financial Crimes Commission (EFCC) has confirmed that it is investigating operations of the MMM investment scheme in Nigeria.
EFCC spokesman, Wilson Uwujaren,...
HOW VISAFONE CONNED 2,000 WORKERS INTO MASS RESIGNATION BEFORE MTN TAKEOVER
Investigation has revealed how Visafone Communications Ltd tricked over 2,000 employees into disengagement to pave way for its takeover last January by telecom giant,...
ARIK AIR BECOMES NIGERIA’S FIRST INDIGENOUS AIRLINE TO FLY TO ALL...
The European Aviation Safety Agency (EASA) has granted Arik Air Third Country Operator (TCO) authorization, which allows it to operate to any European country.
The...
CBN BOOSTS MANUFACTURERS WITH $660m FOREX, AFTER ERISCO’S EXIT
Manufacturing industries in Nigeria have been given access to foreign exchange valued at over $660 million in the inter-bank market to source raw materials...
AYADE BEGINS CONSTRUCTION OF SUPER-HIGHWAY
The Cross River State Governor, Prof. Ben Ayade, has inaugurated the construction of a 134-kilometre Mfom-Okpoma-Imaje-Bekwarra-Obudu-Obanliku Dual Carriage Road, the Super-Highway.
According to a statement...
AKHA TO MAKE LAW ON FINANCIAL GRANT FOR RESEARCHERS
Ubong SAMPSON
Plans are ongoing by the Akwa Ibom State House of Assembly to make a law that will ensure financial grant for members of...
AKHA RATIFIES BUDGET ESTIMATES FOR 31 LGAs, ADVOCATES FOR PROVISION OF...
By Ubong SAMPSON
The Speaker of the Akwa Ibom State House of Assembly, Barrister Onofiok Luke, has advocated the provision of necessary facilities to assist...
UDOM DAZZLES POULTRY FARMERS IN AKWA IBOM
Governor Udom Emmanuel has finally put smiles on the faces of poultry farmer in the state through a long list of beneficiaries for the...
NAIRA FALLS AT INTER-BANK PARALLEL MARKETS
Naira, Nigeria’s currency, on Tuesday fell by 0.58% against United States Dollar to close at N306.78 in Inter-bank FX Market and 0.86% to...
Why We Flouted Nigerian Law in Moving $14bn out of Nigeria...
Chief Executive Officer (CEO) of MTN Nigeria, Ferdi Moolman, has issued a statement in reply to the grave accusations leveled against the firm by...