The Central Bank of Nigeria (CBN) and the Economic and Financial Crimes Commission (EFCC) may bar individuals or corporate convicted of committing economic crimes from opening bank accounts. In a statement released on Thursday by Isaac Okorafor, CBN’s director of corporate communications, the apex bank said it is working with the EFCC over the proposal. […]
A survey by S&P Global Platts has revealed that Nigeria pumped 190,000 barrels per day of crude oil in February above its agreed quota under the Organisation of Petroleum Exporting Countries, OPEC current production cut deal. This revelation is coming after the Minister of State for Petroleum Resources; Dr. Ibe Kachukwu had claimed that Nigeria […]
Following a statement released by Federal Airports Authority of Nigeria (FAAN), Bi-Courtney Aviation Services Limited [BASL], operator of the Murtala Muhammed Airport 2, is justified in its claim of 36 years validity on the Build-Operate-Transfer concession model of the airport terminal. FAAN’s reaction, which was made available to journalists through the company’s General Manager, Corporate […]
With Real Madrid in tatters, it’s time to talk about Jose Mourinho again.The spotlight turned to the Portuguese coach immediately after Madrid’s disastrous week came to an end — along with its entire season. The Spanish club is already thinking about next season, and it appears the changes will start at the top, with coach […]
The Nigerian Maritime Administration and Safety Agency has said that it achieved a level of success on the discussion around the migration from Free On Board to Cost, Insurance and Freight trade terms for the nation’s crude oil. The agency added that this migration would enable indigenous shipowners and the economy benefit from the nation’s […]
The Aiteo Eastern Exploration and Production Company (AEEPCo) has said it did not stop the National Oil Spill Detection and Response Agency (NOSDRA), from investigating the fire incident at its oil well in Nembe, Bayelsa State on March 1. In a statement yesterday, the oil and gas firm stressed that reports in some news platforms […]
Leading European transportation platform, Taxify, has finalised plans to rebrand for efficiency and movement to Bolt. Fielding questions from journalists on why the company chose to make the change, the CEO and co-founder, Bolt, Markus Villig, said Taxify, being the company’s first product was a taxi dispatch solution launched five years ago with a mission […]
Aliko Dangote, billionaire businessman and Mike Adenuga, oil and telecoms mogul, have topped Forbes’s list of world’s black billionaires for the year 2019. In the American business magazine’s 13 richest black people on earth list, which has four Nigerians on it, the president of Dangote Group clinched the first position with a fortune estimated at […]
MTN Group announced on Thursday a $1 billion divestment programme over the next three years that will slim down Africa’s biggest mobile phone operator and refocus it on high-growth markets on the continent and in the Middle East. Founded with Pretoria’s help after the end of white minority rule in 1994, MTN has been one […]
The West African Examination Council (WAEC) says its senior secondary certificate exam (SSCE) will soon be converted to a computer-based exam. Speaking at a news conference on Tuesday, Olu Adenipekun, the council’s head of Nigeria national office, said the CBT test would start with its objective questions. “In about two weeks, we should be concluding […]
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