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 […]
Microsoft to bring broadband to millions of rural Americans
Microsoft Corp on Tuesday announced an initiative to bring high-speed internet to millions of rural Americans through unused television airwaves in a long-term bet for user growth. The Redmond, Washington, technology company proposed using spectrum typically reserved for TV stations to broadcast high-speed internet to underserved U.S. locations. To start, Microsoft will commit to a […]
NCC begins enforcement of code of corporate governance
The Nigerian Communications Commission (NCC) says it has started an aggressive enforcement of the agency’s codes of corporate governance to address customers dissatisfaction. In an address at the 80th edition of the Telecoms Consumer Parliament (TCP) in Abuja on Tuesday, Prof. Umar Danbatta, Executive Vice Chairman of the commission, said that the enforcement was necessary […]
Nigeria cannot borrow anymore, says Finance Minister
Nigeria must not borrow more to fund its budget and should instead raise money it needs by other means, Finance Minister, Mrs Kemi Adeosun said on Tuesday, while calling into question planned foreign loans of $2 billion from lenders like the World Bank. Africa’s largest economy is in its first recession in 25 years, and […]
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 […]
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 […]
Nollywood stars storm Western Lotto launch
By Amechi Obiakpu A galaxy of stars from the Nigerian entertainment industry formally endorsed new gaming brand, Western Lotto, as it entered the market on Monday, July 10. The stars come from Nollywood, music and comedy. Stars present at the unveiling of the brand include Olu Jacobs, Jide Kosoko, Zack Orji, Aki and Pawpaw and […]
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, […]
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 […]