Some financial experts have warned that the postponement of the listing of MTN shares on the Nigerian Stock Exchange (NSE) will slow down the listing of other multinationals being wooed by the bourse. They told the News Agency of Nigeria (NAN) in Lagos that the Federal Government must do everything possible within its powers to […]
General
FMC seeks neutral probe of kidney theft
The Federal Medical Centre (FMC), Keffi, has called for an independent professional investigation to unravel the truth behind allegation of stolen kidney at the hospital. The Medical Director of the centre, Dr Giyan Joshua-Ndom, told the News Agency of Nigeria (NAN) on Sunday in Keffi that the inquiry would ascertain the truth behind an allegation […]
Fidelity Bank wins 8 awards
The CEO of top Nigerian lender, Fidelity Bank, Mr. Nnamdi Okonkwo, was last week presented with the 8 awards won by the Bank’s ‘Tough Job’ campaign at the recently concluded 2016 Lagos Advertising and Ideas Festival (LAIF). Tough Job won Silver for Radio, another Silver for Film, a Bronze for Best Use of Production Design […]
Jammeh accused of stealing $11 million
The Gambia’s ex-ruler, Yahya Jammeh, plundered the state coffers in his final weeks in power, stealing millions of dollars and shipping out luxury vehicles by cargo plane, according to an aide to new president Adama Barrow. Jammeh, who ruled the small West African country for 22 years, flew into exile late on Saturday to Equatorial […]
1,000 SABMiller managers to lose jobs following merger
Ten weeks after SABMiller shareholders gave the go-ahead for the third-largest merger in corporate history, Anheuser Busch InBev (AB InBev) sent out a voluntary severance offer to more than 1,000 of its management employees in SA. This is the first time in recent history that South African Breweries has undertaken a retrenchment exercise on any […]
Kenya targets 1 million digital jobs for youths in a year
Kenya has started a digital skills training program to enable 1 million young people to secure freelance online work in the next year, in a bid to tackle the country’s acute youth unemployment problem. Kenya has the highest rate of youth joblessness in East Africa, the World Bank said, with 17 percent of all young […]
Oil producers say output cut on track
Oil producers said Sunday that their landmark December deal to slash output by almost two million barrels per day was on track, as they met to review progress. “Compliance is great, it’s been really fantastic,” Khaled al-Falih, energy minister of oil behemoth Saudi Arabia, was quoted by Bloomberg as saying. “Based on everything I know, […]
Shell bows to pressure, relocates gas pipeline
Shell Petroleum Development Company (SPDC) has relocated its Kolo Creek-Soku gas pipeline across Kolo River in Bayelsa State from the river surface to the river bed. A visit to the Kolo Creek Oilfield operated by SPDC shows that the gas pipeline was no longer located on the water surface across the creek. Oil workers were […]
Jubilation in Gambia as Yahya Jammeh leaves for exile
Gambia’s ex-leader Yahya Jammeh has flown out of the country he ruled for 22 years and into exile, bringing an end to a protracted political crisis following presidential elections last month. The longtime ruler refused to step down after a December 1 vote in which opposition leader Adama Barrow was declared the winner, triggering weeks […]
Buhari warns varsities against unethical practices
President Muhammadu Buhari on Saturday warned that any university management involved in unethical practices would face the full wrath of the law. Buhari, who was the Visitor at the sixth convocation of the National Open University of Nigeria (NOUN) in Abuja, said universities would henceforth prepare quarterly financial reports. Represented by Prof. Abubakar Rasheed, Executive […]