Port workers are set to embark on nationwide protests on Tuesday over their disagreement with some sections of the Ports and Harbour Bill, which they observed could lead to massive job losses. A source close to the Maritime Workers Union of Nigeria (MWUN) told the News Agency of Nigeria on Sunday in Lagos that the […]
The Eko Electricity Distribution Company(EKEDC), has apologized for the blackout being experienced in Lagos areas, such as Lekki, Ajah, Victoria Island and Ikoyi. EKEDC blamed the blackout on the rain, which has continued to batter the city of 30 million people, resulting into an unprecedented flood on the roads and homes. According to a short […]
Samsung Electronics announced Friday it is set to post a new record quarterly operating profit of 14 trillion won ($12.1 billion). The estimate is up more than 70 percent from last year’s second quarter even though the company has had major crises to overcome. Vice Chairman Lee Jae-yong has been behind bars since February as […]
The Federal government of Nigeria has been urged to curtail excessive burrowing. The Chairman, T&C group of the Manufacturers Association of Nigeria, MAN, Mr. Ikpong Umoh, who made the plea stressed that the country’s debt profile, estimated at over N17.3trillion, is worsening the economic recession. Ikpong Umoh, Umoh said that the huge debt is made […]
The Nigerian Communications Commission (NCC) has said that it was not among the members of the new board of Etisalat Nigeria. In a statement in Lagos on Saturday, NCC’s Director of Public Affairs, Mr Tony Ojobo, said: “As the regulator of the telecommunications sector, there was a recommendation suggesting that NCC should be on the […]
Providing mass employment, infrastructure development including roads, bridges, schools, health centres, hospitals, pipe borne water and decent housing, among others are not part of the mandate of the Presidential Amnesty Programme (PAP), the Amnesty Office has said. The Amnesty Office, in a statement captioned “The Presidential Amnesty Programme is not an omnibus Agency,” said it […]
The Chairman, Technical Committee on Nigeria Yam Export Programme, Professor Simon Irtwange, says the exportation of yam will not affect local consumption of the produce and its price. Irtwange gave the assurance Friday in an interview with News Agency of Nigeria (NAN) in Lagos. He said that it was necessary to allay the fears of […]
Elliott Management Corp, the largest creditor of the bankrupt parent of Oncor Electric Delivery Co, is exploring putting together a bid for the Texas power transmission company that would top Warren Buffett’s $9 billion all-cash deal, people familiar with the matter said on Friday. If Elliott, the hedge fund run by billionaire Paul Singer, proceeds […]
Players in the retail segment of the Nigerian inter-bank foreign exchange market received a $254.3 million boost from the Central Bank of Nigeria (CBN) on Friday following bids received from foreign exchange dealers by the apex bank. Information obtained from the CBN on Friday indicates that the deals in the retail window represent requests from […]
Ghana’s first satellite, dubbed Ghansat-1, was released and deployed into orbit at an altitude of 420 km, according to the media in that country on Friday. “This followed the successful launch on June 10 into the International Space Station (ISS) by SpaceX, Flight 11 from Kennedy Space Centre in Florida, the United States,’’ the reports […]