President Mummadu Buhari will on April 20 meet a body of African Maritime leaders under the aegis of Association of African Maritime Administration (AAMA) to brainstorm on ways in which the continent can come together to maximise the economic opportunities of the continent’s large ocean. The meeting is part of the third edition of AAMA […]
Samsung Electronics posted its best quarterly profit in nearly four years despite its de-facto boss enmeshed in a political corruption scandal and taking a faulty Galaxy Note 7 off the market. From January to March, Samsung estimated a 48 percent rise in profits of $8.8 billion from last year on strong sales of memory chips […]
Nigeria’s senate will debate a long-awaited oil industry reform bill after receiving the draft law on Thursday, the latest step in efforts to overhaul the energy sector in Africa’s largest economy. The legislation is part of proposed reforms that make up the sprawling Petroleum Industry Bill, which has been in discussion for over a decade […]
No fewer than 154 million Nigerians are now active subscribers of the General System on Mobile Communications (GSM), the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has said. Speaking on Friday during the NCC day at the ongoing Enugu International Trade Fair, Danbatta said that the country’s social media space […]
United Bank for Africa (UBA) on Friday approved payment of final dividend of N19.9 billion for the financial year ended Dec. 31, 2016. Shareholders of the bank gave the approval at the 55th Annual General Meeting (AGM) held in Lagos. The dividend translates to a final dividend of 55k per share, against 40k per share […]
Less than 24 hours after suing the White House for ordering the unmasking of a specific user, Twitter pulled the lawsuit Friday and said the summons from the government had been withdrawn. On Thursday, the social media website filed a lawsuit in the U.S. District Court in the Northern District of California stating that the […]
Reckitt Benkiser’s Vice President for Africa, Mr. Ata Sadfar, on Friday lauded the business friendly policies of the Governor Ibikunle Amosun-led government in Ogun State, saying that it is appreciated worldwide. Sadfar, who led a delegation on a courtesy visit to the governor in his Oke-Mosan, Abeokuta office, as part of activities to mark the […]
President Muhammadu Buhari has approved the constitution of an inter-ministerial committee on pension liability to reconcile outstanding pension liabilities and proffer solutions to the lingering problems. The Minister of Finance is the chairman. Other members of the committee include a representative of the Secretary to the Government of the Federation, representative of the Head of […]
The Central Bank of Nigeria (CBN) on Friday frowned at the information reaching it reveals that some customers seeking to buy forex for BTA, PTA, medical and school fees “are being frustrated by some banks with the false claim that the CBN is not allocating enough forex to them for BTA, PTA, tuition and medical […]
Chairman of Transnational Corporation of Nigeria Plc (Transcorp), Mr. Tony O. Elumelu, has expressed the company’s commitment to significantly increasing power generation in Nigeria. He spoke at Transcorp’s 11th Annual General Meeting held on March 29, 2017 at Oriental Hotel, Victoria Island, Lagos. Mr. Elumelu highlighted the significant progress made by Transcorp group companies, stating […]