GTB 737 banner Yudala banner

Latest News Why we set up Biafra Security Service — IPOB Police declare Biafra security outfit illegal Pope may shut down 163 Nigerian Catholic parishes Nigerian pilgrims light up Saudi Arabia over Buhari Adegboruwa faults Osinbanjo, says nothing like hate speech under Nigerian laws Okowa draws battle-line with criminal herdsmen, collaborators •Urges action to preserve African languages Aregbesola’s administration not frivolous — Osun Deputy Governor 7 killed as Togo protest turns bloody Osinbajo reshuffles permsecs Senate warns PenCom, CBB, ICPC headship nominees not to assume duty before confirmation Like Buhari, Nigeria’s economy also on recovery path — Osinbajo Buhari’s return: A nation’s hope fulfilled, says Tinubu

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (272,043 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (253,954 views) Shameless Genevieve Nnaji exposes breasts in public (206,356 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (174,357 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (173,030 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (154,631 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (133,874 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (125,061 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (117,925 views) Lagos plane crash: Journalist releases victims’ names (109,367 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (108,661 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (101,227 views)

 

Egypt begins bitcoin trading

Egypt begins bitcoin trading Egypt’s first bitcoin exchange will go live later this month, the founders of Bitcoin Egypt said. The founders linked the Middle East’s most populous country with a cryptocurrency that has surged in value in recent months. Many governments around the world are still mulling how to regulate and classify bitcoin, a...... more

Dangote to invest up to $50 billion in U.S., Europe

Dangote to invest up to $50 billion in U.S., Europe Africa’s richest man, Aliko Dangote, plans to invest $20 billion to $50 billion in the U.S. and Europe by 2025, in industries including renewable energy and petrochemicals. The 60-year-old Nigerian cement tycoon aims to move into these territories for the first time in 2020 after completing almost $5 billion of agricultural...... more

Shell remits $31bn to federation account

Shell remits $31bn to federation account Shell Petroleum Development Company (SPDC) remitted 29.8 billion dollars to the federation account and 1.2 billion dollars to Niger Delta Development Commission (NDDC) between 2002 and 2016. Mr Igo Weli, General Manager, External Relations, made the disclosure on Monday in Port Harcourt while reacting to the shut-down of SPDC flow station...... more

Edo fertilizer plant ready for commissioning — Obaseki •Inspects mega maize farm, urges youths to take advantage of initiative

Edo fertilizer plant ready for commissioning — Obaseki •Inspects mega maize farm, urges youths to take advantage of initiative The Edo State fertilizer blending plant being built in Auchi by the Godwin Obaseki administration is ready for commissioning. Governor Obaseki disclosed this on Wednesday while speaking with journalists shortly after inspecting the 450-hectare maize farm, a Public Private Partnership (PPP) initiative of his administration with Saro-Agro Sciences Ltd to accelerate...... more

Why Nigeria’s rebranding project failed — Lolu Akinwunmi

Why Nigeria’s rebranding project failed — Lolu Akinwunmi The former CEO of the Rebranding Project Business Support Group, Lolu Akinwunmi, has said the rebranding effort of the late Minister of Information and Culture, Prof. Dora Akunyili, failed because of myriad of problems. The Marketing Communications expert, who runs one of the leading integrated Marketing Communications outfit in the country,...... more

NNPC eyes $30 billion windfall

NNPC eyes $30 billion windfall The Nigerian National Petroleum Corporation (NNPC) has disclosed that the four major investments it recently embarked upon with key upstream joint venture partners are capable of providing incremental revenue to the national treasury by over $30 billion within the next 10 years. At the inauguration of the reconstituted NNPC Anti-Corruption Committee...... more

Dangote retains position as world’s richest black billionaire •Adenuga, Alakija also make Top 10

Dangote retains position as world’s richest black billionaire •Adenuga, Alakija also make Top 10 FORBES magazine has published its list of the richest people on the planet for 2017, and only 10 of them are black, down from 12, a year ago. With an estimated net worth of $12.2 billion, Nigerian business magnate, Aliko Dangote, is still the richest black person in the world. Dangote...... more

Fidelity Bank bags SME Friendly Bank Award

Fidelity Bank bags SME Friendly Bank Award Fidelity Bank Plc, one of Nigeria’s foremost financial institutions, has been awarded the “SME Friendly Bank of the Year 2017” in recognition of its support for Micro Small Medium Enterprises (MSMEs) in the country. The accolade, bestowed upon Fidelity Bank Plc at the 2017 Lagos Chamber of Commerce & Industry (LCCI)...... more

CBN boosts FOREX market with $195m

CBN boosts FOREX market with $195m The Central Bank of Nigeria (CBN) on Monday boosted the FOREX market by offering a total of $195m in three segments of the market. In the wholesale segment of the inter-bank Foreign Exchange market, it auctioned $100 million and also intervened in the Small and Medium Enterprises (SMEs) and invisible segments,...... more

Rival goes for controlling stake in Shoprite

Rival goes for controlling stake in Shoprite South African retail group Steinhoff said it plans to acquire a controlling stake in supermarket operator Shoprite through its African spinoff in a share deal worth 35.5 billion rand ($2.6 billion). Steinhoff abandoned plans to merge with Shoprite in February, but billionaire Christo Wiese, who is the largest shareholder in both...... more

Forte Oil in talks over refinery deal

Forte Oil in talks over refinery deal Nigeria’s Forte Oil said on Friday it was in talks with a major refinery to form a strategic partnership for local refining of petroleum products in Africa’s top oil exporter, its chief executive said. Nigeria has been pushing to refurbish its decrepit refineries, as the country is still mainly dependent on...... more

Banks unhappy with Remita’s mobile app

Banks unhappy with Remita’s mobile app The Remita app, one of the newest entrants into Nigeria’s financial system, is proving to be a huge disruptor in how FinTech impacts on banking operations in the country, and how customers operate their bank accounts. The app is provisioned to accommodate as many bank accounts as a customer has, without...... more

MTN targets data and digital growth

MTN targets data and digital growth MTN Group CEO Rob Shuter has announced a strategy that means to reposition the mobile network operator to claw back market share and capture the growth in African consumer spending. Shuter joined the group about five months ago and was tasked with reviving its fortunes following a poor performance in 2016....... more

MTN returns to profit-making after turbulent 2016

MTN returns to profit-making after turbulent 2016 MTN Group, Africa’s biggest mobile phone operator, says it has moved away from a turbulent 2016 that highlighted the risks of the company’s emerging markets strategy to a profit-making firm. MTN said on Thursday in Johannesburg that its earnings for first-half of the year had rebounded. It said that its headline...... more

Nigeria moves closer to single naira rate

Nigeria moves closer to single naira rate  Nigeria took a step to unify its multiple exchange rates by allowing banks to use a currency window for investors when quoting the naira rather than the official rate. The naira weakened on the interbank market. FMDQ OTC Securities Exchange, the Lagos-based platform that oversees interbank trading, asked lenders this week...... more

Apple stock jumps after strong 3Q results

Apple stock jumps after strong 3Q results Apple posted better-than-expected third quarter results Tuesday, led by growth in iPad sales. Sales of iPads jumped 14.8 percent to 11.4 million units, compensating for modest on-year growth in sales of Macs and particularly iPhones, which saw a 10 percent on-year revenue drop in China. Revenue totaled $45.4 billion in the...... more

Nigeria, others lose $300bn oil investments

Nigeria, others lose $300bn oil investments  The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Monday lamented the loss of 300 billion dollars in oil investments globally in three years, due to the decline in oil price. Kachikwu, who stated this at the 2017 Society of Petroleum Engineers’ (SPE) Nigeria Annual International Conference and Exhibition...... more

Dangote Cement’s half year sales across Africa increases by 12.6 percent

Dangote Cement’s half year sales across Africa increases by 12.6 percent Dangote Cement, Africa’s largest cement producer, has announced its unaudited results for the six months ended 30th June 2017, posting a 12.6 percent increase in sales volume across Africa. In the financials released on the floor of the Nigerian Stock Exchange indicated that the increase in sales volume showed a growing...... more

2 million containers stranded in Lagos ports

2 million containers stranded in Lagos ports  No fewer than two million containers laden with various cargoes worth over N5 trillion are currently stranded at the Lagos port complex, due to the inability of importers to evacuate them. Investigations showed that many of the cargoes are now incurring demurrage after enjoying three rent-free days from the day of...... more

DStv penalised for advertising fraud

DStv penalised for advertising fraud South Africa’s Competition Tribunal has confirmed a R180m settlement that a division of DStv will have to pay after admitting to colluding with media groups on pricing, discounts and payment terms for advertising space. DStv Media Sales, which is owned by Multichoice, handles commercial airtime sales and on-air sponsorship across a...... more

Oil prices hit 2-month high, rise above $50 per barrel

Oil prices hit 2-month high, rise above $50 per barrel Oil prices are currently at fresh two-month highs and on track to post the strongest weekly gains, on signs that crude oversupply is easing. According to oilfield services firm, Baker Hughes, the number of oil rigs operating in the United States rose by two to a total of 766 last week....... more

MPC retains interest rate, citing uncertainties in global market

MPC retains interest rate, citing uncertainties in global market  The Monetary Policy Committee (MPC) has again retained the Monetary Policy Rate (MPR) at 14 per cent due to uncertainties in the global market. Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN), said this while briefing newsmen on the outcome of the 257th meeting of the MPC on Tuesday in...... more

Dufil plans debt issue to raise additional $131 million

Dufil plans debt issue to raise additional $131 million Nigerian pasta maker Dufil Prima Food plans to raise 40 billion naira ($131 million) from the local debt market to broaden its funding base, it said on Monday. The privately held company, set up over two decades ago, has grown to become the largest pasta maker in West Africa, it said....... more

OPEC moves to cap Nigerian oil output, boost compliance

OPEC moves to cap Nigerian oil output, boost compliance OPEC moved on Monday to cap Nigerian oil output and called on several members to boost compliance with production cuts to help clear excessive global stocks and support flagging prices. OPEC has agreed with several non-OPEC producers led by Russia to cut oil output by a combined 1.8 million barrels per...... more

Hard times hit insurance firms; 23 out of 56 post losses

Hard times hit insurance firms; 23 out of 56 post losses Nigeria’s effort to make the insurance industry perform its statutory role of mobilising funds for economic development continues to wobble as a recent report by Nigeria Insurance Digest has revealed that about 23 of the 56 insurance companies in the country recorded losses in 2015. The report obtained from NIA showed...... more

Production cut looms for Nigeria, Libya as OPEC, other oil stakeholders meet in Russia

Production cut looms for Nigeria, Libya as OPEC, other oil stakeholders meet in Russia A joint Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC meeting scheduled to hold later on Monday may address rising output in Nigeria and Libya, a Reuters report said. Ministers from OPEC and other non-OPEC producers will meet in the Russian city of St Petersburg to review market conditions and...... more

Microsoft income doubles in Q4

Microsoft income doubles in Q4  Net income at Microsoft more than doubled in the April-June period, the software giant announced Thursday. The tech company’s net income for the fourth quarter of its 2017 fiscal year rose 109 percent to $6.51 billion, from $3.12. Revenue increased 13 percent to $23.32 billion, from $20.61 billion. “Innovation across our...... more

UBA denies violating TSA policy

UBA denies violating TSA policy United Bank for Africa Plc, one of the seven banks which were on Thursday ordered by the Federal High Court in Lagos to remit $793.2m, allegedly hidden with them in contravention of the Federal Government’s Treasury Single Account (TSA) policy, has vehemently denied any wrongdoing. A public announcement signed by Bola...... more

CBN sells treasuries above inflation to attract dollar inflows flows

CBN sells treasuries above inflation to attract dollar inflows flows Nigeria’s central bank offered six-and 12-month treasuries at yields higher than the country’s inflation rate on Friday to lure yield-hungry investors and attract dollar inflows, traders said. Severe dollar shortages have been a hallmark of Nigeria’s recession, now in its second year. The downturn was brought on mainly by lower prices...... more

Brandish names Omoyele, Okusaga for 2nd ‘Meeting of Minds’ discourse

Brandish names Omoyele, Okusaga for 2nd ‘Meeting of Minds’ discourse  Marketing and public relations practitioners, Lampe Omoyele and Bolaji Okusaga have been lined up to lead the discourse at the second edition of the BRANDish ‘Meeting of Minds’. BRANDish ‘Meeting of Minds,’ is a conversation platform created to deliberate on diverse issues in marketing and communication in Nigeria and to proffer...... more

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (27) Business (2,661) Business Verdict (19) Columnists (728) Complaints & Requests (92) Enterprise & Opportunities (172) Entertainment (351) Features (476) Global Business Monitor (170) International (1,495) Interviews (128) Live Commentary (28) Love Matters (67) News (27,594) Opinion (781) Pidgin (8) Politics (3,857) Religion (596) Sports (1,306) Stock Watch (23) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN words on marble advert

 

 

Senator Adeleke on the dancing steps in London

 

APO Newsbreak logo

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!