French oil and gas major Total raised its 2018 savings and oil production targets after a new record quarterly output, costs savings, and high oil prices lifted its net profit in the second quarter. The group said adjusted net profit for the second quarter soared 44 percent to $3.6 billion, beating analysts’ estimates of $3.4 […]
Month: July 2018
Google launches free Wi-Fi hotspot network in Nigeria
Google launched a network of free Wi-Fi hotspots in Nigeria on Thursday, part of its effort to increase its presence in Africa’s most populous nation. The U.S. technology firm owned by Alphabet Inc has partnered with Nigerian fibre cable network provider 21st Century to provide its public Wi-Fi service, Google Station, in six places in […]
Nigeria’s 9mobile extends its takeover timeline
Nigeria’s 9mobile has extended the timeline to complete its takeover by new investors to finalise documentation, the country’s fourth largest telecoms firm said on Thursday. It said its board expects the takeover to be completed “as soon as possible” and that the extension was necessary for a smooth transition. In February, Teleology Holdings Limited was […]
NDLEA arrests native doctor with Indian hemp farm
The National Drugs Law Enforcement Agency (NDLEA) in Kebbi has arrested a 55-year-old native doctor, Arage Rikici, with Cannabis Sativa farm at Kukin village in Fakai Local Government Area of the state. The state commander of the agency, Mr Suleiman Jadi, told the News Agency of Nigeria (NAN) in Birnin Kebbi on Wednesday that cannabis […]
Dangote targets 2020 Arsenal takeover amid Usmanov sale report
Aliko Dangote, Africa’s richest man, has put a 2020 timeline on his goal of buying Arsenal, following a report that Alisher Usmanov is exploring a sale of his 30 percent stake. The Financial Times reported on Tuesday, citing sources close to the Russian billionaire, that Usmanov has grown frustrated that the club’s majority owner, Stan […]
Nigeria Govt moves to import crude from Niger Republic
President Muhammadu Buhari yesterday hailed the move by Nigeria to import crude oil from Niger Republic. He also welcomed the setting up of a refinery in Katsina State that will make use of “stranded crude” from Niger Republic, The Nation reports. The two countries signed a Memorandum of Understanding (MoU) at the Presidential Villa, Abuja. […]
Nigeria Govt. FG not willing to save for rainy day – CBN
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), on Tuesday, warned the Federal Government to learn to save heavily from current improved crude oil sales for the rainy in the interest of the country. CBN Governor, Mr Godwin Emefiele, who read the communiqué of July MPC meeting in Abuja, said the […]
Woman says Delta gave her a travel voucher after she was sexually assaulted in midair
A fashion brand founder who was allegedly sexually assaulted on a Delta Airlines flight says the crew neglected to properly assist her — and tossed her a travel voucher for her trouble. “I’m finally able to speak about this story of how I woke up to being sexually assaulted on my @Delta flight home from […]
Coca-Cola, Pepsi brands result suggests shift to Zero Sugar demand
Coke and its smaller rival PepsiCo Inc have been focusing on healthier drinks to garner market share as health-conscious consumers shift away from sugary sodas. In Nigeria adults are gradually dumping the sugar flavours for zero sugar or diet because of increasing sugar related health issues. Coca-Cola had earlier this year launched new flavours of […]
Carbon emissions goals at risk as run down cars flood Africa
frican and South Asian nations could miss national targets to curb greenhouse gas emissions unless rich countries stop using them as dumping grounds for millions of polluting old cars, a study has warned. The report by the Centre for Science and Environment (CSE) said the United States, Japan and European Union countries had for years […]