The Minister of State for Petroleum, Mr Ibe Kachikwu says the lifting of petrol price should not be the basis for which government will provide palliatives to its citizens. Mr Kachikwu was speaking on Channels Television’s Sunrise Daily on Thursday, where he defended the change in pump price for Premium Motor Spirit, PMS by […]
Residents in and around the Federal Capital Territory, Abuja, were treated to an evening of classy and entertaining stage performances by the crew and cast of Etisalat Communications sponsored Hear Word!, the internationally acclaimed episodic stage play that speaks to issues that hold Nigerian women back from reaching their full potentials. The performance in […]
With power supply at an all-time low and the epileptic nature of supply constraining many homes and businesses, pioneer composite e-commerce outfit, Yudala, has offered Nigerians a cost-effective way out with a two-day special discount sale of iPowerPlus inverters, with free deliveries also on offer for prospective shoppers in Lagos and Abuja. The promotion […]
The Central Bank of Nigeria (CBN) yesterday cautioned bank customers against falling prey to the activities of unscrupulous individuals who demand for the details of their debit (ATM) cards as well as their Personal Identification Numbers (PIN), under the pretext of being Customer Care representatives of the CBN. “Those messages and calls are intended […]
A former corporate broker at Deutsche Bank, Martyn Dodgson has been sentenced to a four-and-half year in prison for UK insider trading. Dodgson, 44, once advised the UK government on its bailed-out banks. Judge Pegden of London’s Southwark Crown Court who gave the sentence on Thursday said Dodgson had committed “a gross breach of […]
MTN Group’s six-month battle with Nigerian authorities over payment of a record fine has cost the company its seven-year status as Africa’s highest-valued telecommunications operator, with that honour going to rival Vodacom. MTN’s market capitalisation was R244bn at the market close in Johannesburg on Wednesday, trailing Vodacom’s R249bn. This year marks the first time the […]
Fred P. Hochberg, Chairman and President of the Export-Import Bank of the United States (EXIM Bank), and Phillips Oduoza, CEO and Group Managing Director of United Bank for Africa (UBA), on Wednesday signed a Memorandum of Understanding (MOU) with the goal of expanding trade between the US and sub-Saharan Africa. The MOU was signed at […]
The Nigeria Labour Congress (NLC) last night declared yesterday’s hike in fuel price from about N86/litre to about N145/litre by the Muhammadu Buhari administration “unilateral”, saying that it “represents the height of insensitivity and impunity and shall be resisted by the Nigeria Labour Congress and its civil society allies.” A statement signed by NLC General […]
The Economic and Financial Crimes Commission (EFCC) has detained a former Minister of Finance, Amb. Bashir Yuguda, over his alleged involvement in the $115m (N23bn) bribe which was distributed by a former Minister of Petroleum Resources, Diezani Alison-Madueke. The EFCC said in a statement that the ex-minister, who is a chieftain of the Peoples Democratic […]
The Consumer Goods Forum (CGF) has announced that in just over six weeks, Cape Town will play host to scores of CEOs from the world’s most influential consumer and retail brands. The CGF Global Summit, expected to draw more than 800 delegates from over 365 companies from 40 countries, will take place at the […]