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Latest News Weatherman predicts dust haze, cloudy conditions for today PDP crisis: Sheriff consults Anenih Dasuki seeks consolidation of charges, insists on due process in trial 136 arrested over xenophobia mayhem in South Africa Why I flogged Radio Bayelsa workers: GM FG packages bailout for Nigeria’s poultry farmers Naira sustains gain as dollar crashes at parallel market Subsidy Payment: FG owing us N300bn — Oil marketers Police arraigns herbalist, one other for UNIOSUN student’s murder Minister condemns rampant industrial action by health workers ICPC compels Benue Polytechnic to award certificate to student 7 years after graduation Shekau kills Boko Haram spokesman over plot to oust him

 

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BREAKING NEWS: Protesters invade MTN Office in Abuja

BREAKING NEWS: Protesters invade MTN Office in Abuja The office of MTN Nigeria located in Abuja, the Nigerian capital, was invaded on Thursday afternoon by a group of angry Nigerians protesting the continued Xenophobic attacks on their fellow countrymen and other Africans in South Africa, the home country of the telecoms giant. A senior manager in the MTN Abuja...... more

InnJoo and TD showcase world’s most romantic laptop in Lagos

InnJoo and TD showcase world’s most romantic laptop in Lagos The Innjoo Leap Mobile, a Dubai-based telecommunications company, in conjunction with Technology Distributions Ltd., a sister company of Zinox Technologies, has introduced to the West Africa market what is described as the “world’s slimmest laptop: Light, thin and stylish.” Reacting to the slim, style and thin feature, as well as the...... more

BREAKING NEWS: FG takes over Arik Airline

BREAKING NEWS: FG takes over Arik Airline The Federal Government has taken over Arik Airline, which has been experiencing difficulties in recent times. According to the Asset Management Corporation of Nigeria (AMCON), the decision to intervene “clearly underscores the government’s commitment to instilling sanity in the country’s aviation sector and prevent a major catastrophe.” The airline will now...... more

British Airways, Air France reject Kaduna airport

British Airways, Air France reject Kaduna airport Two more international airlines are refusing to fly to an alternative hub when the only airport serving Nigeria’s capital shuts down, forcing travellers to make lengthy detours at extra cost. Nnamdi Azikiwe International Airport in Abuja closes completely for runway repairs on March 8, 2017. Domestic and international flights will be...... more

Chevron in major roll-out with Zinox Computers

Chevron in major roll-out with Zinox Computers Chevron Nigeria, a world leading integrated energy multinational corporation with headquarters in the United States, has engaged the services of Africa’s leading technology company, Zinox Technologies Ltd., for the implementation of a massive roll-out of thousands of high-end personal computers (PCs), desktop units, monitors and other accessories with which it is...... more

Shell nears another $5 billion in sales

Shell nears another $5 billion in sales Royal Dutch Shell (RDSa.L) is close to selling assets totalling $5 billion to cut debt following its acquisition of BG Group, the oil major said on Thursday as it reported its lowest full-year earnings in more than a decade. Dealmaking in the oil and gas sector has been muted for more...... more

Let NLNG be; it’s the best thing to have happened to Nigeria’s oil industry — THE NATION Editorial

Let NLNG be; it’s the best thing to have happened to Nigeria’s oil industry — THE NATION Editorial The common saying is: if it ain’t broke, don’t fix it. Or, don’t change a winning formula. This simple principle ought to apply to the Nigeria Liquefied Natural Gas (NLNG). The 28-year-old firm can be described as the flagship company of the Nigerian oil industry, having remained a success story since...... more

US to investigate Apple following Nokia complaint

US to investigate Apple following Nokia complaint The U.S. International Trade Commission (USITC) announced Tuesday it will investigate complaints from Nokia that Apple infringed on patents with its famed iPhone. The Finnish technology company fired the first volley in a massive legal war against Apple last year when it filed 40 lawsuits in 11 countries, ranging from Europe...... more

FG, GE plan collaboration on railway lines

FG, GE plan collaboration on railway lines The Federal Government and General Electric (GE) are in talks over the planned concession of railway projects in the country in line with the Public Private Partnership agreement of the government. The Minister of Transportation, Rt. Hon. Chibuike Rotimi Amaechi, disclosed this when the Global Chairman and Chief Executive Officer of...... more

MMM releases 2017 rules, expected to unfreeze accounts of Nigerian participants on Jan. 14

MMM releases 2017 rules, expected to unfreeze accounts of Nigerian participants on Jan. 14 As it may probably unfreeze accounts of its users on January 14, Mavrodi Mondial Movement (MMM) ponzi scheme has released 2017 guidelines for the Nigerian participants. According to Nigerian Bulletin, MMM programmers are working earnestly with a new model which will be announced and implemented at a later date. This, the...... more

MMM has not collapsed; it will safely resume its work in January — Founder •Descends heavily on Nigerian media

MMM has not collapsed; it will safely resume its work in January — Founder •Descends heavily on Nigerian media MMM founder, Sergey Mavrodi, has written another letter to Nigeria – this time he wrote to the Nigerian media, journalists and experts. In the letter which was contained on the dashboard of all Nigerian participants, Mavrodi berated the media and sent across the message: “Nothing has collapsed, and MMM will safely...... more

Emefiele elected Chairman of International Islamic Liquidity Management Corporation (IILM) Board

Emefiele elected Chairman of International Islamic Liquidity Management Corporation (IILM) Board The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has been elected as the chairman of the International Islamic Liquidity Management Corporation (IILM) on Thursday, December 15, 2016 in Jakarta, Indonesia. In a press release the CBN’s Acting Director, Corporate Communications, Mr Isaac Okorafor, says that by this development, Mr....... more

General Electric, Northern Governors sign MoU on power generation

General Electric, Northern Governors sign MoU on power generation The Northern States Governors Forum and the General Electric ‎International, on Monday, signed a Memorandum of Understanding for the construction of five solar plants, aimed at generating 500 megawatts of electricity in some parts of Northern Nigeria. Borno State Governor, Kashim Shettima, signed the agreement on behalf of the ‎governors while...... more

MTN, SEC meet to discuss sale of shares to Nigerians

MTN, SEC meet to discuss sale of shares to Nigerians MTN has met Nigeria’s Securities and Exchange Commission (SEC) to discuss a possible initial public offering and how it wants to structure the share sale, the head of Nigeria’s SEC told Reuters. SEC director general Mounir Gwarzo said MTN had discussed the possibility of issuing various classes of shares to targeted...... more

224 firms bid for NNPC crude contracts

224 firms bid for NNPC crude contracts Transparency in the operations of the Nigerian National Petroleum Corporation, NNPC, was sustained on Thursday with the public opening of 224 bids submitted by companies seeking to buy and lift Nigerian crude oil grades for 2016/2017. Successful companies would participate in the lifting of about 700, 000 barrels per day of...... more

World Bank appoints female chief executive

World Bank appoints female chief executive Kristalina Georgieva, Bulgaria’s European commissioner who lost out in the race to become United Nations secretary-general in September, was named yesterday as chief executive of the World Bank. “The European Commission said that Ms Georgieva, 63, a vice-president at the EU executive responsible for the EU’s budget, will resign and take...... more

Uber drivers in UK win right to paid time off and minimum wage

Uber drivers in UK win right to paid time off and minimum wage Uber drivers in the UK won a landmark court case Friday that means they will qualify for the minimum wage, paid time off and other perks. An employment tribunal in London ruled that the drivers should be considered “workers” rather than self-employed contractors, dealing a major blow to Uber. “This is...... more

Tony Elumelu Foundation convenes Africa’s largest gathering of entrepreneurs

Tony Elumelu Foundation convenes Africa’s largest gathering of entrepreneurs Today, The Tony Elumelu Foundation (TEF) opened the 2nd TEF Entrepreneurship Forum – the largest gathering of African entrepreneurs and the highlight of the annual TEF Entrepreneurship Programme. The Forum celebrates the 2016 cohort of Elumelu Entrepreneurs – selected from over 45,000 applicants in 54 African countries – and their completion...... more

ExxonMobil discovers one billion barrels of oil offshore Nigeria

ExxonMobil discovers one billion barrels of oil offshore Nigeria Barely a week after it sold its downstream subsidiary in Nigeria, United States’ oil giant, ExxonMobil Corporation, has announced the discovery of up to one billion barrels of oil reserves in the Owowo field, offshore Nigeria. The development is a boost to Nigeria’s efforts to increase her crude oil reserves from...... more

Spanish companies set to exploit business opportunities in Nigeria

Spanish companies set to exploit business opportunities in Nigeria The Government of Spain has indicated its intention to bring in Spanish companies to explore economic potentials and build business relations in a further effort to improve trade relations with Nigeria. The trip which is billed for May 2017 will see the delegation having discussions with government agencies and familiarising itself...... more

Why Emirates Airlines and Kenya Airways are suspending flights to Abuja

Why Emirates Airlines and Kenya Airways are suspending flights to Abuja Emirates Airlines and Kenya Airways say they will suspend flights to Abuja, the Nigerian Capital. Emirates in a statement announced it will suspend flight from October 22 2016, while Kenya Airways says it will stop flights from November 15. According to Emirates, the reason for its decision is irregularities in the...... more

US banks reportedly planning exodus from Brexit Britain

US banks reportedly planning exodus from Brexit Britain The French finance minister, Michel Sapin, has said that US banks have told him they will move some activities out of Britain to other European countries in the wake of the referendum decision to leave the EU. Sapin said that until now US banks had adopted a wait-and-see approach towards their...... more

Chevron faces class action from aggrieved dealers

Chevron faces class action from aggrieved dealers Disgruntled Caltex dealers in South Africa are proceeding with plans to institute a class action suit against US oil giant Chevron Corporation. The retailers, who on Tuesday held a mass meeting to give an update on planned court action, are accusing the company of turning a blind eye to unethical business...... more

Protesters attack Dangote’s Ethiopia factory; burn trucks, equipment

Protesters attack Dangote’s Ethiopia factory; burn trucks, equipment A cement factory owned by Africa’s richest man, Nigerian business tycoon Aliko Dangote, has been attacked by protesters in Ethiopia’s Oromia region, the regional government has said in a statement. The protests were in response to the deaths of at least 55 people in a stampede at a religious festival of...... more

Samsung recalls 2.5 million phones over fire risk

Samsung recalls 2.5 million phones over fire risk Samsung on Saturday has urged users of their Galaxy Note 7 to stop using their phones immediately and exchange them, following reports of the battery exploding. The announcement is part of a global recall affecting up to ten countries. South Korean consumers were told to go to service centers for replacement...... more

Oil soars above $50 per barrel

Oil soars above $50 per barrel Oil prices surged over 4 percent on Thursday, with Brent briefly touching $50 (37.5992 pounds) a barrel for the first time in two weeks, after a surprisingly huge drawdown in U.S. crude stocks as Gulf Coast imports slumped to a record low. Brent (LCOc1) rose $2.01, or 4.2 percent, to settle...... more

MTN shops for billions through IPO

MTN shops for billions through IPO MTN Group, Africa’s biggest wireless operator by sales, and minority shareholders in its Nigerian business are seeking to raise about $1bn in an initial public offering (IPO), a condition tied to the settlement of a record fine imposed by the West African government, people familiar with the plan said. Minority shareholders...... more

Customs detain South African vessel for sailing into Nigeria illegally

Customs detain South African vessel for sailing into Nigeria illegally The operatives of the Nigeria Customs Service (NCS), Eastern Marine Command, Port Harcourt in Rivers, have detained a vessel named ‘MV Defender V’ for sailing without a valid Bank Bond. Usman Bello, Customs Area Controller, who made the disclosure over the weekend, said the vessel is a patrol vessel from South...... more

Nigeria, Spain to strengthen bilateral trade relations in oil and gas

Nigeria, Spain to strengthen bilateral trade relations in oil and gas Nigeria and Spain have expressed their readiness to strengthen their bilateral trade relationship in every spectrum of the oil and gas industry for the benefit of the two countries. Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Kachalla Baru stated this while receiving the Spanish ambassador to...... more

14,000 employees to lose jobs at Cisco Systems

14,000 employees to lose jobs at Cisco Systems Technology news site, CRN is reporting that about 14,000 jobs would be axed at Cisco Systems Inc., representing nearly 20 percent of the network equipment maker's global workforce. Citing sources close to the company, the report stated that the San Jose, California-based Cisco is expected to announce the cuts within the...... more

 

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