Monday, March 27, 2017

Oil swap: NNPC clears Aiteo after $202m settlement deal

Nigerian National Petroleum Corporation, NNPC, Monday, disclosed that it had reached a final settlement with Aiteo Group, stating that the company had paid all its

Sunday, March 26, 2017

How Uber self-driving car flopped

Uber has pulled its self-driving cars from the roads after an accident which left one of the vehicles on its side.

Saturday, March 25, 2017

Delta Steel donates ambulance, pays former staff

Delta Steel Company, Ovwian-Aladja, now Premium Steel and Mines Limited (PSML), has concluded the payment of salary arrears to former staff of company.

Naira Climb up

The Naira on Friday in Lagos consolidated its position against the dollar at the parallel market, ending the week stronger.

Friday, March 24, 2017

Fall of oil price threatens government’s revenue projections

The fall in price of crude from $50 to $48 a barrel as at yesterday is threatening the revenue projections of the Federal Government. With approved crude oil price benchmark in the

Thursday, March 23, 2017

More troubles for Arik Air as workers shut down operations

Aviation unions on Thursday shut down Arik Air‎, the largest airline in Nigeria.
The unions, which include the National Union of Air Transport Employees, Air Transport Services Senior Staff Association of Nigeria and the National

Wednesday, March 22, 2017

Dangote, Adenuga’s Net Worth Drops By $7.4bn

The President of the Dangote Group, Alhaji Aliko Dangote; and Chairman of Globacom, Dr. Mike Adenuga, saw their net worth declined by $3.2bn and $4.2bn,

Monday, March 20, 2017

Uber president quit company

Jeff Jones, president of ride services company, Uber Technologies Inc, has left the company, an Uber spokesman has said.

Sunday, March 19, 2017

Silicon Valley had a meltdown because it couldn't use Uber and Lyft at SXSW

Last May, voters in Austin, Texas, backed their city government’s hard line on background checks for Uber and Lyft drivers. Both companies exited the city

Friday, March 17, 2017

Malabu Scandal: Court returns OPL 245 to Shell, ENI

An Abuja Division of the Federal High Court has reversed its previous ruling which retrieved the control of one of Nigeria’s richest oil blocks, OPL 245, from Shell and ENI.

Nigerian Banks want Etisalat’s debts paid in dollar

.Meeting of CBN, NCC shifted
Banks have opposed a proposal by Etisalat Nigeria to convert part of a $1.2 billion loan from dollar to naira.

Thursday, March 16, 2017

Lagos IGR Now Higher Than 33 States Put Together

The internally generated revenue (IGR) of Lagos state rose by approximately N33 billion from 2015 to 2016, beating 33 states put together.

Tuesday, March 14, 2017

Netflix has a new movie boss and will pump out 30 films this year

Netflix is going to release a whopping 30 original films this year, and it just hired superstar producer and former Universal executive Scott Stuber to run

Monday, March 13, 2017

Dangote Opens Coal Mine In Tanzania


Billionaire businessman Aliko Dangote is now a coal miner as Tanzania has

'China used to copy Silicon Valley, but now it's Silicon Valley that copies China'

It’s hard to guess Zhou Yichang’s profession based on his description.
He visits Chinese families, surveying their living conditions and suggesting improvements.

Saturday, March 11, 2017

NIGERIA: Telecoms operators seek direct foreign exchange allocation

The Association of Licensed Telecommunications Operators of Nigeria (ALTON), has called for direct Foreign Exchange (FX) allocation for the telecommunications sector.

VW pleads guilty in ‘dieselgate’ case, ending US case

German automaker Volkswagen AG on Friday pleaded guilty to criminal charges in the emissions-cheating scandal, closing an important chapter in the saga that has rocked the

e-Payment stakeholders gear for cashless initiative relaunch

Stakeholders in the epayment ecosystem have pledged their readiness to cope with challenges that may arise with the reintroduction of charges on cash withdrawals.

Wednesday, March 8, 2017

Photos:First International Aircraft Lands In Kaduna Airport


We bring you pics of the moment the first international aircraft landed at the

Three Banks To Take Over Etisalat Nigeria Over N541.8 Billion Debt

Despite the intervention of the Nigerian Communication Commission, NCC, to broker a peaceful resolution between Etisalat Nigeria and a consortium of banks, it appears