Petroleum products marketers and depot owners are yet to receive their $2billion outstanding subsidy claims despite the directive from the Acting President Yemi Osinbajo. Yemi Osinbajo had directed the Ministry of Finance to pay the said amount, but the petroleum products marketers and depot owners said none of them was paid as at close of […]
Samsung Electronics Co Ltd said on Sunday it will start selling a refurbished version of the recalled Galaxy Note 7 smartphone in South Korea on July 7, using batteries different from those that caused some handsets to catch fire last year. Samsung said in a statement it will offer 400,000 phones, dubbed the Galaxy Note […]
A Nollywood actress name yet to be ascertained, was yesterday crushed to death while five persons were injured by a commercial vehicle along Onitsha-Awka Expressway by New Parts Market Nkpor, Idemili North Local Government Area of Anambra state. It was gathered that the commercial bus with some passengers lost control and ram into the victims, […]
One armed robber has been killed in a shootout and another arrested following an attack on O.R. Tambo International Airport in South Africa. Reports say the incident occurred Saturday at a highway ramp after robbers allegedly fled from the airport’s Swissport warehouse in a seized cargo truck. The robbers had held up security guards in […]
The current revenue worth $180 billion earned by Chinese firms in Africa could increase to $440 billion dollars by 2025, a report says. The latest report on Africa-China economic partnership by McKinsey & Company, a global management firm, found that there were more than 10,000 Chinese firms operating in Africa. This was found out following […]
The World Bank has given US$215 million to communities across the country for the execution of rural development projects under its community and social development scheme. About 31 states of the federation signed the subsidiary loan agreements for the funding mechanism, which is deducted at source through the Ministry of Finance. The projects will enable […]
Chairman of Etisalat Nigeria, Mr. Hakeem Bello Osagie has resigned his appointment following the approval of a restructuring plan for the telecommunications firm. The resignation is effective immediately, according to an insider. The source further said: “Although the Chairman had planned to leave immediately the banks made the take-over move, he opted to tarry until […]
MTN on Friday in Abuja said it would list its shares on the Nigerian Stock Exchange this year. MTN General Manager, Mr Nikiwe Tsaagane, made this known when he paid a courtesy visit to Dr Ogbonnaya Onu, Minister of Science and Technology. Tsaagane said the efforts would help to fast-track improvement in Nigerian economy. “It […]
Etisalat Communications in partnership with Support Microfinance Bank have simplified access to loans through the launch of its new service, KwikCash. The service, which is currently available only on the Etisalat network, was developed for subscribers who have bank accounts and need to access cash loans to settle urgent financial needs. It enables customers to […]