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Latest News How Wike’s Chief Security Officer led Government House security officials to disrupt Rivers bye-election — APC Alarm bells as job and contract scams hit Niger Delta Nigeria’s democracy in danger: Savannah Centre Osun APC Guber: There was a conspiracy against me — Deputy Speaker, Lasun Third Mainland Bridge to be temporarily shut for 4 days – Lagos Govt 2019: Youths demand waiver, 50 per cent discount on nomination forms Man fights for his life in ICU after phone explodes while charging in bed NAF fighter jets bombard bandits’ hideouts in Zamfara Aregbesola’s free ride: Many stranded as travellers besiege railway terminal PDP wins Taraba's Takum 1 bye-electio NUJ condemns demolition of Ayefele’s radio station by Oyo Govt Ortom seeks global support for Benue IDPs

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (378,911 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (367,327 views) Shameless Genevieve Nnaji exposes breasts in public (297,094 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (242,427 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (223,426 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (217,533 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (193,143 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (175,304 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (159,968 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (158,822 views) Lagos plane crash: Journalist releases victims’ names (153,112 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (143,382 views)

 

Nigeria controls 70 per cent of cargo traffic of West and Central Africa — Ports Council

Nigeria controls 70 per cent of cargo traffic of West and Central Africa — Ports Council The Chairman, Nigerian Ports Consultative Council (NPCC), Chief Kunle Folarin, says Nigeria controls 70 per cent of cargo traffic of West and Central Africa. Folarin made this known on Friday in Lagos during the 3rd Annual Maritime Conference in honour of Dr Taiwo Afolabi, the Chief Executive and Vice Chairman, Sifax...... more

Bank of Ghana to prosecute executives of failed banks

Bank of Ghana to prosecute executives of failed banks Ghana’s central bank plans to prosecute executives of failed local lenders suspected of dissipating depositors’ funds and insider dealing, the regulator said on Tuesday. Deputy central bank governor Elsie Awadzi told Reuters in Accra that the central bank was also considering barring culpable directors from operating in the Ghanaian financial sector....... more

Nigerian lady takes America’s fashion scene by storm

Nigerian lady takes America’s fashion scene by storm Nuciano is a Seattle, USA-based luxury handbag label that offers today’s modern woman a freedom of expression of her taste in uncompromised high quality and luxury handbags without the usual exorbitant price tags. A brainchild of Mrs. Joy Egbejimba; Nuciano which is derived from the word “Nnukachiano” resonates the freedom for...... more

GTBank releases Reports Profit Before Tax of N109.6bn for H1 2018

GTBank releases Reports Profit Before Tax of N109.6bn for H1 2018 Guaranty Trust Bank plc has released its audited financial results for the period ended June 30, 2018 to the Nigerian and London Stock Exchanges. A review of the results shows positive performance across all financial indices, reaffirming the bank’s position as one of the most profitable and well managed financial institutions...... more

MTN cuts interim dividend by nearly a third as it tackles debt mountain

MTN cuts interim dividend by nearly a third as it tackles debt mountain MTN’s reduced dividend policy translated into a 30% cut in the payout shareholders will receive for the first half of its financial year. MTN declared a R1.75 interim dividend on Wednesday morning, down from R2.50 for the first half of its 2017 financial year. The statement indicated the final dividend will...... more

Yamaha Motor posts strong growth in net sales of major product categories, increased Q2 earnings

Yamaha Motor posts strong growth in net sales of major product categories, increased Q2 earnings Yamaha Motor Co., Ltd. announced today that in the first half of its fiscal year ending December 31, 2018, consolidated net sales of 851.3 billion yen were up 2.8% from the previous year. The company achieved all-time highs in operating income of 82.2 billion yen (up 0.1%), however, saw a 5%...... more

FBNQuest highlights investment opportunities available to Nigerians in Diaspora •Sponsors Conference in London

FBNQuest highlights investment opportunities available to Nigerians in Diaspora •Sponsors Conference in London FBNQuest Asset Management, a part of the FBN Holdings Plc group, has called on Nigerians in Diaspora to take advantage of the numerous investment opportunities available in Nigeria. This call was made at the just concluded Nigerians in Diaspora (NIDOA) Global Development Conference in London. The conference presented a rare opportunity...... more

WeWork announces $500m Series B investment in WeWork China

WeWork announces $500m Series B investment in WeWork China WeWork Companies (“WeWork”) has announced a $500 million Series B investment in WeWork China led by Trustbridge Partners (“Trustbridge”), Temasek, the SoftBank Group (“SoftBank”), the SoftBank Vision Fund (“Vision Fund”) and Hony Capital. This funding will accelerate WeWork’s growth in China, allowing the company to serve more entrepreneurs, creators, and enterprises...... more

Experts warn of dangers of excluding host communities from petroleum sector reform framework

Experts warn of dangers of excluding host communities from petroleum sector reform framework Petroleum industry experts have warned of the dangers of excluding host communities from petroleum sector reform framework. They issued the warning during a recent forum for informing Petroleum Host and Impacted Communities on the content of the Petroleum Host and Impacted Communities Bill (PHICB). The forum was organised by Emerald Energy...... more

Seafarers in stormy waters

Seafarers in stormy waters Indications are clear that all is not well with Nigerian Seafarers. They are worried by low employment opportunities after their specialised training at the 40-year-old Maritime Academy of Nigeria, Oron, Akwa Ibom State. If that is tolerable given the unflattering performance of the economy, what irks them most is that even...... more

Allianz: Shipping losses continue to fall but new cyber and climate risks and perennial human error problem threaten safety progress

Allianz: Shipping losses continue to fall but new cyber and climate risks and perennial human error problem threaten safety progress Large shipping losses have declined by more than a third (38%) over the past decade, according to Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2018, with this downward trend continuing in 2017. Yet recent events such as the collision of the oil tanker “Sanchi” and the impact...... more

Disruptive African scale-ups looking to raise between $250k and $5m invited to Investor Summit

Disruptive African scale-ups looking to raise between $250k and $5m invited to Investor Summit VC4A is calling for disruptive African scale-ups looking to raise between $250K and $5M. An exclusive Series A Venture Showcase will take place in Cape Town on November 12, 2018, as part of the annual Africa Early Stage Investor Summit. The 2017 event showcased 20 scale-ups as part of the Africa...... more

As Western lenders retreat, African banks see an opportunity

As Western lenders retreat, African banks see an opportunity ADE AYEYEMI’S office in Lomé, the capital of Togo, is a good place to think about crossing borders. Ghana is ten minutes’ drive away. From his window the boss of Ecobank can watch trucks rumble along the seafront, some bound for Burkina Faso, a day’s journey, or Mali, perhaps another day...... more

Audi CEO arrested in Germany over diesel scandal

 Audi CEO arrested in Germany over diesel scandal Volkswagen (VOWG_p.DE) was holding crisis talks on Monday to find a stand-in boss for its Audi brand, a source familiar with the discussions said, after German authorities arrested Audi CEO Rupert Stadler as part of a probe into emissions test cheating. Stadler is the most senior company official to be detained...... more

Scramble for African startups by venture capitalists: Yay or Nay? asks Damilola Faustino

Scramble for African startups by venture capitalists: Yay or Nay? asks Damilola Faustino Like the scramble for Africa that saw European powers invading, occupying and colonizing African territories without their consent, venture capitalists seem to be re-enacting the same scenario today as they scramble for viable and scalable African startups to invest, acquire or fund.   Nearly, every month, Innovation-village reports that a venture capitalist with endless...... more

Cricket star Virat Kohli named Remit2India Brand Ambassador

Cricket star Virat Kohli named Remit2India Brand Ambassador Remit2India, the Indian diaspora-focused global online remittance portal, on Thursday announced signing up the Indian cricket captain Virat Kohli as its Global Brand Ambassador for three years. Virat will endorse the Remit2India brand by being part of its innovative marketing and customer experience initiatives. Remit2India is one of the financial services...... more

DMS appointed as Advertising Sales Representatives for Snapchat in Egypt, Kuwait

DMS appointed as Advertising Sales Representatives for Snapchat in Egypt, Kuwait The official digital arm of Choueiri Group DMS has announced that it will act as a sales representative for Snapchat advertising formats in Kuwait and Egypt. Launched in 2011, Snapchat has grown to become one of the topmost and fastest growing platforms, with over 191m daily active users. It has also...... more

Energy professionals, stakeholders brainstorm in Abuja •Proffer solutions to challenges militating against the Nigerian energy sector

Energy professionals, stakeholders brainstorm in Abuja •Proffer solutions to challenges militating against the Nigerian energy sector The emerging global energy landscape has implications on emerging energy economies because of changes in technology, economics and public policy. These changes have turned major energy importers to exporters (e.g. the US); unconventional energy sources becoming conventional and made renewable energy components of the global energy supply mix, significant. These changes...... more

Outrage as US hits EU, Mexico and Canada with steel, aluminium tariffs •EU plots revenge

Outrage as US hits EU, Mexico and Canada with steel, aluminium tariffs •EU plots revenge The United States has said it was moving ahead with tariffs on aluminium and steel imports from Canada, Mexico and the European Union, ending a two-month exemption and potentially setting the stage for a trade war with some of the country’s top allies. Commerce Secretary Wilbur Ross told reporters on a...... more

Democracy Day: No better time to KONGA ME

Democracy Day: No better time to KONGA ME As Nigeria marks 19 years of democracy today after the return to civilian rule, opinion is divided on how well the country has harnessed the dividends of democratic governance. While a school of thought holds that the dark days of military dictatorship and autocratic rule, which the return to democracy in...... more

KONGA ME: A new universal language

KONGA ME: A new universal language If there is one thing Nigerians are united on, it is the preference for quality products and an abhorrence for fake, substandard ones. Despite a keen desire to extract the utmost value for money when making purchases, the average Nigerian will not hesitate to pay a higher price for a product...... more

Activists launch campaign to break up Facebook

Activists launch campaign to break up Facebook A coalition of activist groups on Monday announced a campaign to break up Facebook, arguing that the huge social network “has too much power over our lives and democracy.” The groups created a website, and a Facebook page, to garner support for a petition to the US Federal Trade Commission to...... more

Bonga achieves 763 million oil barrels production

 Bonga achieves 763 million oil barrels production   Shell Nigeria Exploration and Production Company (SNEPCo) delivered a total of 763 million barrels of oil from the Bonga field between first production in 2005 and 2017, while at the same expanding the field with further drilling of wells in Bonga Phases 2 and 3 and through a subsea tie-back...... more

Amazon could beat Apple to $1 trillion market cap

Amazon could beat Apple to $1 trillion market cap Apple is on the verge of becoming the first $1 trillion publicly listed U.S. company, but even if it gets there, it could soon be overtaken as Amazon.com surges from behind. Started in the garage of co-founder Steve Jobs in 1976, the iPhone maker’s annual revenue has ballooned to $229 billion,...... more

Emirates Group announces 2017-18 results

 Emirates Group announces 2017-18 results   The Emirates Group today announced its 30th consecutive year of profit and steady business expansion. Released today in its 2017-18 Annual Report, the Emirates Group posted a profit of AED 4.1 billion (US$ 1.1 billion) for the financial year ended 31 March 2018, up 67% from last year. The Group’s...... more

Apple’s iPhone sales plummet

Apple’s iPhone sales plummet U.S. technology giant Apple saw its iPhone sales fall short of expectations in the rnings report released Tuesday. Total sales of iPhone models during the January-March period dropped 32 percent to 52.2 million units from 77.3 million units in the October-December period last year. Apple introduced the iPhone 8 and iPhone...... more

Apple faces Wall Street ‘panic’ over iPhone

Apple faces Wall Street ‘panic’ over iPhone Even a $100 billion giveaway to shareholders may not be enough for Apple to calm Wall Street. Apple (AAPL) is expected to announce plans to return between $100 billion and $150 billion to shareholders when it reports earnings results Tuesday for the first three months of 2018, according to analysts. The potential share...... more

Nigerian pirates release 3 kidnapped South Korean sailors after a month in custody

Nigerian pirates release 3 kidnapped South Korean sailors after a month in custody Three South Korean sailors kidnapped by Nigerian pirates in seas off Ghana last month have been released safely, the Ministry of Foreign Affairs said Saturday. “Our three abducted nationals were freed on April 27 (local time) and were handed to our side,” the ministry said. “They are in our protection in...... more

Shell profits jump as oil prices soar

Shell profits jump as oil prices soar  Royal Dutch Shell on Thursday reported a 42 percent rise in first-quarter profit, its highest in over three years, boosted by higher oil prices and production. Expectations are high for Shell to continue to generate strong profits and cash flow after the Anglo-Dutch company beat larger rival Exxon Mobil on both...... more

Eni executive involved in Nigeria, Congo corruption probes takes leave of absence

Eni executive involved in Nigeria, Congo corruption probes takes leave of absence Eni executive Roberto Casula has taken a leave of absence from the Italian oil major, a company spokesman said on Wednesday without giving any reason for the decision. “As covered by general contractual terms, Mr Casula has asked the company for a period of temporary leave of absence,” the spokesman said...... more

 

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