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FG gives expatriate staff of INTELS, 5 other firms 2 weeks to leave Nigeria •Revokes resident permit

FG gives expatriate staff of INTELS, 5 other firms 2 weeks to leave Nigeria •Revokes resident permit The Federal Government, through the Nigeria Immigration Service (NIS), has given expatriate staff of six companies operating in the country two weeks to leave after revoking their resident permit. The Comptroller-General of the NIS, Mr Muhammad Babandede, announced this in Abuja on Wednesday in a statement issued by Mr Sunday James,...... more

CBN alerts on fake website

CBN alerts on fake website The Central Bank of Nigeria (CBN) has issued a warning to alert Nigerians of a scam being perpetuated by some fraudulent persons whereby unsuspecting members of the public are diverted to a fake website purported to belong to the bank. A statement issued on Thursday by the Bank’s Acting Director, Corporate...... more

Obaseki promises to reconstruct Benin – Abraka road

Obaseki promises to reconstruct Benin – Abraka road Gov. Godwin Obaseki of Edo has promised that his administration would reconstruct the Benin – Abraka road in Orhionmwon Local Government of the state within 24 months. Obaseki made the promise at Abudu, headquarters of Orhionmwon Local Government Area of the state during his “Thank You Tour” to the Local government...... more

Africa’s biggest refinery takes shape

Africa’s biggest refinery takes shape The completion of Dangote Refinery in 2019 will mark another milestone in the Nigerian oil and gas industry as the $11 billion refinery hold the prospect of stopping of refined petroleum products by Nigeria. The Dangote Refinery will produce 650,000 barrels per day of refined petroleum products to meet all the...... more

16 American churches converted to breweries

16 American churches converted to breweries Several churches in the United States of America are closing down and are being converted to breweries, reports from the country fondly called “God’s Own Country” said. A recent article by the Associated Press spoke of at least 12 such churches, with four others about to join. It identified the Church...... more

Why we terminated Intels’ multi-million dollar contract — NPA

Why we terminated Intels’ multi-million dollar contract — NPA The Nigerian Ports Authority (NPA) has reacted to questions raised in some quarters on the threat by its erstwhile agents, Intels Nigeria Limited, to fight the recent termination of its boats pilotage monitoring and supervision agreement, stating that it acted in accordance with the constitution. In a statement issued on Friday in Lagos,...... more

Baru secures $2bn contract discounts for NNPC, recovers over $30mn trapped in Swiss Bank account

Baru secures $2bn contract discounts for NNPC, recovers over $30mn trapped in Swiss Bank account Nigeria National Petroleum Corporation (NNPC) Group Managing Director (GMD), Dr. Maikanti Baru, has reaffirmed his commitment to consolidate the NNPC group, especially its trading arm for efficiency and profitability. A top aide to the NNPC boss disclosed this on Tuesday. He also disclosed that since assuming duty, Dr. Baru has secured...... more

FG cancels multi-million dollar Intels contract with NPA

FG cancels multi-million dollar Intels contract with NPA The federal government has directed the Nigerian Ports Authority (NPA) to terminate the boats pilotage monitoring and supervision agreement that the agency has with Intels Nigeria Limited, a leading integrated logistics and facilities services provider in the maritime and oil and gas logistics sectors of the country, saying that the contract...... more

NNPC: Kachikwu, Baru hold crucial meeting

NNPC: Kachikwu, Baru hold crucial meeting The Minister of State for Petroleum Resources, Dr Ibe Kachikwu and Group Managing Director of NNPC, Dr Maikanti Baru, met on Tuesday and discussed opportunities to further develop the nation’s oil and gas sector. They met in Abuja at the ongoing Nigerian Economic Summit at the Energy Policy Committee session. The...... more

Gas explosions rock Ghana

Gas explosions rock Ghana Explosions at a natural gas station in Accra rocked the Ghanaian capital on Saturday, causing a massive fire that forced residents to flee, officials said. There was no word on casualties, although the Reuters news agency cited Deputy Information Minister Kojo Oppong Nkrumah as saying some people had been killed and...... more

Chinese ambassador rates potentials of Made-in-Nigeria high

Chinese ambassador rates potentials of Made-in-Nigeria high The Ambassador of China to Nigeria, Dr Zhou Pingjian has said that the potential of “Made-in-Nigeria” products with China is huge. Zhou, who said this on Thursday in Abuja at a dinner to mark the China National Day said that China was committed to ensuring the realisation of products that are...... more

NIMASA, Interpol partner in war against maritime crimes

NIMASA, Interpol partner in war against maritime crimes The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has disclosed that proper legal frame work, synergy and information sharing amongst government Agencies and Stakeholders will help curb the issues of criminalities in the nation’s territorial waterways and the Gulf of Guinea. Dr. Peterside who...... more

Glamour, excitement as MTN, TD Mobile unveil Google-backed Freetel ICE 2 Android smartphone

Glamour, excitement as MTN, TD Mobile unveil Google-backed Freetel ICE 2 Android smartphone When a revolutionary smartphone is the subject of focus, the entry has to be grand… Thursday, September 14, 2017, witnessed a night of glitz, glamour and an unveiling like no other as telecoms giant, MTN and Sub-Saharan Africa’s biggest mobile device distributor, TD Mobile, officially launched the much-anticipated Google-backed AndroidTM smartphone,...... more

UBA relishes investment in Tchad, invites potential investors

UBA relishes investment in Tchad, invites potential investors The United Bank for Africa (UBA) Plc has spoken highly of the investment potentials of the Republic of Tchad, declaring that it has no regret over its decision to set up business in the country some 10 years ago. CEO, UBA Francophone Africa, Emeke E. Iweriebor, made the declaration while speaking...... more

FG set to kick-start $5.79b Mambilla Hydro-Power project, seals deal with Chinese consortium

FG set to kick-start $5.79b Mambilla Hydro-Power project, seals deal with Chinese consortium The Federal Executive Council (FEC), presided over by President Muhammadu Buhari, today approved $5.792 billion (about N1.140 trillion) for the construction of the Mambilla Hydro-Power project at Gembu in Taraba. It will generate 3,050 megawatts. The Minister of Power, Works and Housing, Mr Babatunde Fashola, disclosed this while addressing State House...... more

BREAKING NEWS: Shake-up in NNPC; 55 management staff affected

BREAKING NEWS: Shake-up in NNPC; 55 management staff affected Fifty five management staff of the Nigerian National Petroleum Corporation, NNPC were affected today in a massive reshuffle ordered by Group Managing Director, Dr. Maikanti Baru. Baru told NNPC staff shortly before the announcement was made public that the new appointments would not only help to position the Corporation for the...... more

BREAKING: Samsung heir jailed for corruption

BREAKING: Samsung heir jailed for corruption A court in South Korea has sentenced Samsung’s billionaire heir-apparent Lee Jae-yong to five years in prison for corruption. Mr Lee was accused of bribery in a scandal that also saw the impeachment of South Korea’s former president. The case has gripped the public amid growing anger against South Korea’s biggest...... more

6 disruptive influences of artificial intelligence

6 disruptive influences of artificial intelligence The world has gone digital. In fact, we are approaching the Fourth Industrial Revolution, also described as Industry 4.0: an age in which a range of new technologies is expectedly fusing the physical, digital and biological worlds in addition to impacting all disciplines, economies and industries. This is an age marked...... more

Dangote, Niger State strike $450m sugar production jumbo deal

Dangote, Niger State strike $450m sugar production jumbo deal In another bold move for self-sufficiency in sugar production through the government’s backward integration policy, the Pan African Conglomerate, Dangote Group today in Minna, Niger State signed a Memorandum of Understanding (MoU) with the State Government for the establishment of a jumbo $450million state-of-art and fully integrated sugar complex. On completion,...... more

Hope rises for improved gas supply as Shell JV’s Gbaran-Ubie Phase 2 comes on stream

Hope rises for improved gas supply as Shell JV’s Gbaran-Ubie Phase 2 comes on stream The Shell Petroleum Development Company of Nigeria Ltd (SPDC) Joint Venture has commenced production at Gbaran-Ubie Phase 2, a key project in the Niger Delta that will help to boost gas supply to the domestic market and maintain supply to the export market. Gbaran-Ubie Phase 2 follows the success of the...... more

Senate orders arrest of CEOs of Glo, Indomie, 28 other big firms (FULL LIST)

Senate orders arrest of CEOs of Glo, Indomie, 28 other big firms (FULL LIST) The Senate has ordered the arrest of the chief executive officers of 30 companies for allegedly failing to appear before it. The companies are alleged to have been involved in the N30 trillion revenue loss believed to have been suffered by the country in its maritime sector. The companies include mobile...... more

Nigerian pirates kidnap Moroccan crew

Nigerian pirates kidnap Moroccan crew Nigerian pirates have kidnapped five crew members, three of them from Morocco, from a general cargo vessel identified as the Panama-flagged Oya 1 around 15 nautical miles south west of Bonny Island. The kidnapping, according to World Maritime News, quoting Moroccan media, occurred 31 July. The attack was confirmed by IMB...... more

Anambra, abx world partner on $150m export facility project

Anambra, abx world partner on $150m export facility project abx world Nigeria’s agricultural revolution has reached Anambra State, with the State Executive Council (SEC) meeting presided by Governor Willie Obiano this week approving the company’s proposal for the construction of an export processing facility estimated to cost about $150 million. News Express learnt that the “Ndi Anambra Export Facility Project”,...... more

Bill Gates dethroned as world’s richest man

Bill Gates dethroned as world’s richest man A surge in Amazon.com Inc. shares Thursday morning in advance of the online retailer’s earnings report has propelled founder Jeff Bezos past Bill Gates as the world’s richest person. Shares of the online retailer rose 1.3 percent to $1,065.92 at 10:10 a.m. in New York, giving Bezos a net worth of...... more

TD Africa hosts Google senior executives, flaunts Nigeria’s booming ICT potential

TD Africa hosts Google senior executives, flaunts Nigeria’s booming ICT potential Technology Distributions Ltd. (TD), Sub-Saharan Africa’s biggest Information and Communications Technology (ICT) distributors, made a strong case for more significant investments in Nigeria’s booming ICT sector as it showcased the huge potential of the market when it hosted a high-powered team of executives from the headquarters of global digital giants, Google....... more

Diamond Bank strengthens Board with world-class technocrats

Diamond Bank strengthens Board with world-class technocrats Diamond Bank Plc, Nigeria’s fastest growing retail bank, has appointed Dele Babade, an Advisor to Carlyle Group’s Sub-Saharan Africa Fund, to its Board of Directors. Babade, who will join as a Non-Executive Director, will replace Carlyle Group’s existing representative Genevieve Sangudi, who has served on the board since 2013. Juliet Anammah,...... more

Shell shuts down key supply oil pipeline in Ogoniland

Shell shuts down key supply oil pipeline in Ogoniland Anglo-Dutch energy giant Shell said Tuesday it has shut down a key crude supply pipeline in Nigeria’s restive south because of a leak. Shell subsidiary the Shell Petroleum Development Corporation of Nigeria Ltd (SPDC) said the Trans Niger Pipeline (TNP) was shut on July 21 at B-Dere in Ogoniland. “Efforts are...... more

Etisalat gets NCC approval, to unveil new name tomorrow

Etisalat gets NCC approval, to unveil new name tomorrow Nigeria’s telecoms regulator has approved Etisalat Nigeria’s name change after its Middle East parent pulled out following regulatory intervention to save the local company from collapse due to debt, the company said. The Nigerian Communications Commission (NCC) has been notified of the new name, 9mobile, the company said, adding that Etisalat...... more

BREAKING NEWS: Etisalat changes name to 9mobile

BREAKING NEWS: Etisalat changes name to 9mobile Telecoms operator Etisalat Nigeria has officially changed the company’s corporate identity to 9mobile. This comes after the company’s largest shareholder, emirates Telecommunications Corporation, directed Etisalat Nigeria to stop using its brand name within the next three weeks, after terminating management agreement with its Nigerian arm. Etisalat, which controls 13 per cent...... more

Etisalat pulls out of Nigeria

Etisalat pulls out of Nigeria Abu Dhabi’s Etisalat has terminated its management agreement with its Nigerian arm and given the business time to phase out the brand in Nigeria, the chief executive of Etisalat International told Reuters on Monday. Nigerian regulators intervened last week to save Etisalat Nigeria from collapse after talks with its lenders to...... more

 

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