The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said the federal government will no longer sponsor delegates to the annual Offshore Technology Conference (OTC) in Houston, Texas, United States starting from 2018. Kachikwu also said the country has perfected plans to begin an African version of the OTC in 2018, adding that […]
Dangote Sugar Refinery, DSR Plc, has revealed plans to raise N21.2 billion through equity injection from the capital market to fund its backward integration project and also actualise the Dangote Sugar Master Plan. The Group Managing Director, Mr. Abdullahi Sule, who made the disclosure, yesterday, at the company’s ‘facts behind the figure’ presentation at the […]
MTN Nigeria on Tuesday opened up on why it disengaged 280 employees from its workforce at the weekend, saying the exit would meet technology shifts and future business needs. According to a statement signed by Funso Aina, Corporate Manager, MTN, “MTN is a diverse community of committed change agents brought together in pursuit of a […]
The Central Bank of Nigeria (CBN) on Tuesday made real its threat to sanction banks sabotaging its foreign exchange policies. In the latest clampdown, the bank barred 12 Deposit Money Banks (DMBs) from the foreign exchange market for SMEs, attributing its action to complaints that some banks are deliberately frustrating efforts by many Small and […]