The Naira on Tuesday appreciated against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency gained N1 to exchange at N364 to the dollar, stronger than N365 posted on Friday, while the Pound Sterling and the Euro closed at N470 and N430. Trading at the Bureau De change […]
Lagos State Government through its Agency for Mass Education has set September 11 to shut down all unregistered tutorial and continuing educational centres (CECs) in the state. Mr Obafela Bank-Olemoh, the Special Adviser to the Governor on Education, said Tuesday in Lagos that the closure was necessitated by the refusal of some operators of tutorial […]
Aerospace supplier United Technologies Corp has struck a $30 billion agreement to buy avionics and interiors maker Rockwell Collins Inc (COL.N), the companies said on Monday, in a deal that bulks up UTC’s power with plane makers by creating one of the world’s largest makers of civilian and defense aircraft components. Farmington, Connecticut-based United Technologies […]
Ahead of its fifth anniversary lecture scheduled to hold September 28 in Lagos, Publisher and the CEO of Prime Sage International, owners of News Express and Daily Sports Nigeria, Isaac Umunna has described News Express as an online medium with the widest reach. The multiple award-winning journalist also declared that nobody in Nigeria and beyond […]
Nigeria’s National Council on Privatisation (NCP) has approved the commencement of the privatisation of Afam Power plants 1 to 5 in Rivers state. NCP chaired by the Vice President Yemi Osinbajo is the highest decision making body on policies relating to the privatisation and commercialisation policies of the Federal Government. According to statement issued by […]
The Nigerian National Petroleum Corporation (NNPC) has said sustained strategic intervention in the efficient supply and distribution of petroleum products has led to significant fall in the prices of petrol, and liquefied petroleum gas (LPG), also known as cooking gas, nationwide. In a statement yesterday, Ndu Ughamadu, spokesman of the corporation, said a national survey […]
Nigeria’s Egbin power plant, the biggest in Africa’s most-populous nation, is owed N125 billion ($352 million) by the government and half of its output is wasted because of inadequate transmission infrastructure, its chief officer said. Out of the roughly 1,300 megawatts currently generated by the facility’s six units, which is close to full capacity, some […]
Money solutions company, RenMoney is partnering with Smile Communications Nigeria, a mobile broadband telecommunications service provider to launch a flexible financing initiative. According to the companies in a statement on Sunday, this initiative, offers everyone the opportunity to own a Smile 4GLTE device that includes a data plan, especially for individuals and families. This unique […]
Three Nigerian entrepreneurs have been shortlisted for Shell LiveWIRE ‘Top Ten Innovators’, a global competition which highlights and rewards LiveWIRE businesses that demonstrate excellence in innovation. The three Nigerians have come up with creative ideas on energy efficiency and access to chemical and paint products, and join 22 entrepreneurs from nine countries to vie for […]
By Barry Eitel, San Francisco Wells Fargo announced Thursday it had uncovered 1.4 million potentially fake accounts in addition to the 2.1 million fake accounts it discovered last year. The US Government fined the San Francisco-based bank $185 million last year after an investigation revealed the company’s sales practices encouraged employees to set up fake […]