Tuesday, April 24, 2018

Business

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  The Kano Zonal Office of the Economic and Financial Crimes Commission has recovered the sum of N328,988,296,990.62 from nine major oil marketers across the country.   A statement released by the anti-graft agency says the amount represents the cost of products...
  The Chief Executive Officer of Google, Sundar Pichai is currently in Lagos for the Google For Nigeria event. He tweeted a photo of Computer Village in Ikeja this morning and wrote: 'Hello from Lagos.' #GoogleforNigeria .  
On Tuesday, Anglo-Dutch energy giant Shell said; because of a leak, it has shut down a major crude supply pipeline in Nigeria’s restive south Shell subsidiary- the Shell Petroleum Development Corporation of Nigeria Ltd (SPDC) said the Trans...
 The Agbada 2 flow station should have been buzzing with activity, pumping crude to one of Nigeria’s largest export terminals. Instead, it was idle in the muggy, mid-morning heat as Wilcox Emmanuel, the facility’s manager, shrugged in resignation about...
  A new mobile application, Mecofinder has been introduced by Kodzone Technologies to provide information for vehicle users who experience emergency mechanical issues to access technicians wherever the need arises. According to the company, the application is a location-based platform built...
CEO, Boye Olusanya, announced yesterday that Etisalat Nigeria has changed brand name to 9mobile. In a report on Tuesday,Olusanya said, “Emerging Markets Telecommunication Services Limited (EMTS), which previously traded as ‘Etisalat Nigeria’ wishes to inform its over 20 million subscribers,...
Sole distributor of Mitsubishi Motors in Nigeria, Massilia Motors Limited, unveiled in Lagos the third generation of Pajero Sport with an expectation to capture sales that have been halved by economic downturn. Though, this is the first time...
The Nigeria’s downstream petroleum industry lost about N884.8 million in seven days to the high cost of importing Premium Motor Spirit (PMS), also known as petrol, resulting from a differential of N3.16 per litre. Besides, Nigeria’s crude oil...
The crisis rocking Etisalat Nigeria deepened yesterday with a directive from the Emirates Telecommunications Corporation (ETC), the largest shareholder in the embattled firm, that the Nigerian arm should stop using the brand name within the next three...
Made Men Music Group frontline act Tekno has set aside N5 million to support small businesses and students on social media. The singer took to his Twitter page to announce that he is prepared to help small...
The minister of Communication, Adebayo Shittu yesterday declared that the proposed Information and Communications Technology (ICT) universities will take off by September. He disclosed this in Lagos yesterday while declaring open the 2017 edition of West Africa’s yearly...
The Governor of Yobe state, Ibrahim Geidam, on Wednesday June 28th, approved the appointment of 716 aides. A statement by Shuaibu Abdullahi, the spokesman to the Secretary to the State Government gave the breakdown of the positions as five...
Amnesty International on Thursday, June 29, reported that Four Nigerian women are taking legal action in the Dutch courts against oil giant, Shell, accusing it of complicity in the 1990s executions of their husbands by the Nigerian military. The civil case...
Anti-Genetically Modified Organisms (GMOs) activists‎ under the auspices of Health of Mother Earth Foundation (HOMEF) has alleged plans to subvert and destroy Nigeria’s food system to make the country dependent on foreign seed and chemical companies like Monsanto, Syngenta...
Nigeria's economy is on the path of recovery and growth after several months of abysmal performance and contraction. Here are 15 signs that show that the economy is getting healthier by the day: Narrowing GDP contraction The negative economic growth in...
A report from the National Bureau of Statistics (NBS) has indicated that the number of unemployed Nigerians in the labour force increased by 35.1 million persons, resulting in an increase in the national unemployment rate to 14.2 per cent in Q4 2016. This...
L –R , Minister of of Power, Works and Housing, Babatunde Fashola ; Minister of state Petroluem , Mr. Ibe Kachikwu ; Minister of Budget and National Planning , Senator Udoma Udo Udoma and Minister of communications , Mr....
Minister of Finance Kemi Adeosun yesterday said high level corruption was endemic in Nigeria because it was too easy for people to loot public funds. He said the Federal Government was working to block avenues for looting and make it...
ABERDEEN-based Eland Oil and Gas has seen losses triple after facing security challenges on its licence in Nigeria during what it called a very difficult year. The Aim-listed company lost $31.4million before tax in the year to 31 December compared...
The Acting President, Prof. Yemi Osinbajo, on Thursday, assured investors that the country would come out of the economic recession stronger and bigger with its Economic Recovery and Growth Plan (ERGP) policy. The acting president gave the assurance at the...