Clickatell, which helps companies communicate with customers via mobile messaging platforms, is considering a public offering next year as it seeks to fund a rapid expansion of its services, founder and CEO Pieter de Villiers said on Tuesday. Clickatell, which was founded in South Africa but is now based in California, could seek to list […]
A woman who used various false identities to gain access to Nigeria’s presidential complex to allegedly run business scams has been arrested. The secret service said Amina Mohammed initially posed as Kogi state’s first lady to gain entry to the presidential villa in the capital, Abuja. She then allegedly invited people to the villa making […]
Rice importation into Nigeria would end by 2020, the Policy Adviser of the John Kufuor Foundation (JKF), Hon. Abraham Dwuma, has said. He also said that Africa Rice Advocacy Platform (ARAP) under the JKF was also focused to achieve zero importation of rice on the continent. Dwuma told the News Agency of Nigeria (NAN) in […]
Crude oil futures were higher during mid-morning trade in Asia Tuesday, continuing the uptrend seen Monday, as OPEC officials reassured the market they were committed to reaching a new output deal this week despite Qatar’s surprise withdrawal from the group. At 10:30 am Singapore time (0230 GMT), ICE February Brent crude futures were up 54 […]
Saudi oil minister said on Tuesday it was too soon to say if OPEC and its allies would cut production as the terms of a deal remain unresolved, Bloomberg reported. Khalid Al-Falih’s comments come as OPEC and its allies are working towards a deal this week to reduce oil output by at least 1.3 million […]
South African telecoms firm MTN Group and Nigeria’s central bank are in talks to settle an $8.1 billion dispute, their lawyers said on Tuesday, as a court in Lagos adjourned the case between the parties until Dec. 12. The dispute is over the transfer of $8.1 billion of funds which Nigeria’s central bank said the […]
As part of the recovery plan for the nation’s capital market the Securities and Exchange Commission, SEC, has mapped out strategies in key areas, especially investor protection and education, to boost investor confidence and enhance the expansion of the capital market role in Nigeria’s economy. Mary Uduk Mary Uduk, the Acting Director General, SEC, Ms […]
By Foster Obi Nigeria’s leading Electricity Distribution Company, Ikeja Electric Plc (IE), has won this year’s edition of SERAS Innovation Prize at the SERAS Awards held last Saturday, December 1, 2018 at the MUSON Centre, Onikan, Lagos. The DisCo bagged the prestigious award, which was keenly contested by Union Bank Plc, ISON BPO, Access Bank […]
When OPEC ministers announce this week how much oil they plan to pump in the coming months, they’ll be talking to a skeptical market searching for direction. As OPEC’s de facto leader, Saudi energy minister Khalid al-Falih faces his likely toughest test yet, when the organization meets Thursday in Vienna to debate output cuts that […]
Nigerian carrier, Air Peace, has successfully performed partial emergency evacuation and ditching demonstrations as part of the safety tests for the operation of its Boeing 777 aircraft. Air Peace Corporate Communications Manager, Mr Chris Iwarah, confirmed the development to newsmen in Lagos on Monday. Iwarah said the test, which was conducted by the Nigerian Civil […]