Business

Pensioners beg EFCC to probe Governors

Some pensioners of Edo State Government on Wednesday staged a peaceful protest at the Benin Zonal office of the Economic and Financial Crimes Commission (EFCC) over alleged non-payment of their pension entitlements. In a statement, Spokesman of the commission, Mr Wilson Uwujaren, said the protesting group came under the aegis of “Most Aggrieved Pensioners”. According […]

Business

Medview Airline opens Lagos-Ilorin route

Commercial airline operators, Medview, Tuesday expanded its domestic passenger services with the commencement of flight from Ilorin to other cities in the country. Addressing journalists at the Ilorin International Airport, the Chief Operating Officer, Engr Lukman Olanrewaju Animasahun said the expansion of route to Ilorin was informed by the desire to provide efficient and effective […]

Business

Ebbos launches 0.9kg Ofada Rice

Ebbos Glorious Limited, one of the country’s leading producers of variety of foods has launched new Ofada rice in line with government’s initiative of made in Nigeria goods Managing Director and Chief Executive of Ebbos Glorious Ltd, Bosun Oyedele, Said in Lagos recently that the company found it imperative to tap into government’s diversification policy […]

Business

Etisalat clears the air on brand use

Embattled telecommunications service provider, Etisalat has cleared the air on the brand name use. The telco said in a statement made available to the media Monday that notwithstanding the recent changes withing the company, it is entitled to the Etisalat brand. The statement reads: “Emerging Markets Telecommunication Services Ltd. (EMTS), trading as Etisalat Nigeria is […]

Business

Snap shares fall below $17 IPO

Snap Inc shares slipped below their initial public offering price of $17 for the first time on Monday, signaling waning investor confidence in the social media company’s growth potential as it faces fierce competition. The stock fell as low as $16.95 in late afternoon trading before closing at $16.99 on the New York Stock Exchange, […]

Business

Abuja electricity boosts supply

The Abuja Electricity Distribution Company (AEDC) has commissioned 20×60 MVA 132/33KV transmission sub-station in the Federal Capital Territory (FCT) to boost electricity supply to residents. The Managing Director of AEDC, Mr Ernest Mupwaya, said at the launch in Abuja on Monday that the substation was conceived to meet anticipated increase in the electricity needs of […]