Monday, June 26, 2017

Photos: Aliko Dangote Celebrate Salah On His Yatch With Femi Otedola And Others

African Rechest Man Aliko dangote on his yacht for quiet Eid-El-Fitr celebrations (sallah) with Femi Otedola, Donald Duke, Tunde Ayeni, Otunba Niyi Adebayo, Sam

Sunday, June 25, 2017

Regulatory Hammer Dangles over Power Discos

Electricity distribution companies in Nigeria’s power sector are currently on a regulatory tightrope following various orders and tough talks from the Nigerian Electricity Regulatory Commission, writes Chineme Okafor
Recent developments in Nigeria’s power sector may not have come quite pleasing to the 11 electricity distribution companies (Discos). Within the last couple of weeks, the

Only 2 NNPC subsidiaries were profitable in 2016 – Report

Only two of the 11 subsidiaries of the Nigerian National Petroleum Corporation, NNPC, were profitable in 2016, a review of the company’s financial and operations

Safe blood: Nigeria fails to meet WHO requirements

For several years blood has been a scarce commodity in Nigeria and the situation does not seem set to change, meaning that Nigeria is still hit by shortage. So, the country

Saturday, June 24, 2017

Central Bank Of Nigeria Pumps $240m Into FX Market Ahead Of Eid-ul-fitr

The Central Bank of Nigeria (CBN) on Friday, allocated the total sum of $240 million to the Retail Secondary Market Intervention Sales (SMIS) for spot and forward deals.

Thursday, June 22, 2017

Insight: How Etisalat loan will affect the banks

A leading stockbroking firm in Lagos provides an insight into the Etisalat loan imbroglio and how a default will affect the 13 Nigerian banks especially

Etisalat repays 42% of loan, not under probe

Etisalat has repaid 42 per cent of the debt owed Nigerian banks and is not owing the humongous $1.2 billion, as being reported in the media.

Man sent home from work for wearing shorts in very hot weather goes back to office in his mum's dress

Lol. Some people are crazy sha. We've all heard of the heat wave in the UK. Temperatures have soared as high as 34C in London and residents now go out dressed

NNPC Completes Payment Of N450 Billion Debt To FG

The Nigerian National Petroleum Corporation, NNPC, has announced the complete payment of a N450 billion debt it owed the Nigerian government.

Wednesday, June 21, 2017

Emails reveal Johnny Depp's business manager warned him about outrageous spending habits

Though Johnny Depp filed a $25 million lawsuit in the beginning of the year against his former business managers at The Management Group, citing

NSE market indices record 2.62% loss

After two days of bullish trading, activities on the Nigerian Stock Exchange  (NSE) on Wednesday closed negatively with the market indices dropping by 2.62 per

Oil slump spooks investors; China stocks get MSCI nod

A renewed slump in oil prices to seven-month lows put Asian investors on edge on Wednesday, overshadowing a decision by U.S. index provider MSCI to add mainland

Nigeria Loses N140 Billion To Apapa Gridlock Weekly Says Dangote

The President of Dangote Group, Aliko Dangote, has lauded the decision of the Federal Government to reconstruct the failed Apapa-Wharf road.

Tuesday, June 20, 2017

Police, Soldiers Break Up Agip Protest As Contractors Call For Removal Of MD

A detachment of police and military officers disturbed a planned peaceful protest by members of the Agip Indigenous/Landlord Contractors Association (AILCA) at

Stock futures slightly higher as tech sector recovery continues

U.S. stock index futures were slightly higher on Tuesday as technology stocks continued to recover from their steep selloff last week.

Boeing lifts 20-year industry demand forecast to $6 trillion

Boeing raised its 20-year industry forecast for passenger and freight plane deliveries by 4 percent on Tuesday, though executives at the world's biggest airshow in Paris expect

Nestle buys minority stake in U.S. ready meals group Freshly

Nestle (NESN.S) said on Tuesday it has acquired a minority stake in U.S. group Freshly, a provider of direct-to-consumer freshly prepared meals, its latest step to

CBN auctions $1 billion in one week

The Central Bank of Nigeria (CBN) has in the last seven days, offered $1.01 billion at the inter-bank foreign exchange market to meet the requests of customers in the

Monday, June 19, 2017

Emefiele and three ‘troublesome’ years at CBN

On June 3rd, 2014, Godwin Ifeanyi Emefiele, emerged the Central Bank of Nigeria (CBN) Governor, after Mallam Sanusi Lamido Sanusi controversially ended his tenure

Telecoms’ tariffs may crash as 60 firms seek broadband licences in Nigeria

Tier two operators, ISPs in keen competition

The move to enthrone a broadband-driven economy in the country has got a boost with the revelation at the weekend that about 60 firms are currently bidding for five