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Latest News Many injured, goods worth millions of naira destroyed as Hausa, Yoruba clash in Lagos Okowa condemns attack on Ekweremadu, urges Germany not to spare perpetrators Makinde appoints ex-police chief Fatai Owoseni Special Adviser on Security Matters MASSOB faults IPOB over attack on Ekweremadu, says Igbo leaders not responsible for non-actualisation of Biafra Ekweremadu’s attack: Identify the culprits, Senate president tells German authorities Migrant Fulani causing problem in Nigeria – Miyetti Allah Nine confirmed dead in attack on mourners in Benue Tomorrow's strike will be total, comprehensive – Varsity workers Reorder Nigeria to avert strife, Nwabueze group tells Buhari 2021: We won’t zone Anambra governorship – PDP Three killed, seven injured in soccer riot South East PDP calls for arrest of Ekweremadu’s attackers

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (527,774 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (438,129 views) Shameless Genevieve Nnaji exposes breasts in public (382,886 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (321,777 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (289,825 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (250,924 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (245,520 views) 10 cars more expensive than Jets (232,165 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (227,579 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (213,835 views) Lagos plane crash: Journalist releases victims’ names (192,785 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (190,711 views)

 

Recession fears prompt many to rethink global economic integration

Recession fears prompt many to rethink global economic integration Fears of a global recession mounted this week, as a host of factors combined to send investors retreating to the safest havens they could find and forced policymakers to make plans to counteract a possible global economic slowdown. The issues giving everyone pause are numerous and are largely interconnected. Looming over...... more

Shell wins Best Exhibitor Award, others at 2019 SPE conference

Shell wins Best Exhibitor Award, others at 2019 SPE conference Shell Companies in Nigeria have won the most coveted Best Exhibitor and eight other awards at the 2019 Nigeria annual international conference and exhibition of the Society of Petroleum Engineers (SPE) held in Lagos on August 5 -7, coming barely a month after winning the Excellence Award, the highest industry recognition...... more

Hong Kong’s airport reopens after protests but more than 300 flights cancelled

Hong Kong’s airport reopens after protests but more than 300 flights cancelled Hong Kong’s airport struggled to reopen on Tuesday with more than 300 flights cancelled, a day after a pro-democracy protest brought the air transport hub to a standstill. The city’s leader Carrie Lam denounced the demonstrations saying that “lawbreaking activities in the name of freedom” were damaging the rule of law,...... more

OML 25: History is calling in Kula, By Austin Tam-George

OML 25: History is calling in Kula, By Austin Tam-George The people of Kula community in Rivers State are quietly rewriting their terms of citizenship with the Nigerian state. And they need our support. Kula is an oil-rich community that has been the source of billions of dollars for the Nigerian government and for Shell, the multinational company, over the past...... more

Hong Kong cancels all flights as protesters invade airport

Hong Kong cancels all flights as protesters invade airport Hong Kong’s airport canceled all flights Monday after thousands of pro-democracy protesters stormed into the main terminal of one of the world’s busiest travel hubs to denounce police violence. “Airport operations at Hong Kong International Airport have been seriously disrupted … all flights have been canceled,” the city’s airport authority said...... more

MTN pushes into mobile money services

MTN pushes into mobile money services MTN is pushing hard into mobile money services. Few can dispute the commercial logic behind CEO Rob Shuter’s determination to transform the mobile phone company founded with the help of the government in 1994 into an interconnected, mutually dependent, multipurpose digital platform offering everything from money transfer to insurance, music streaming,...... more

NANS shuts down Shoprite over xenophobic attacks on Nigerians in South Africa

NANS shuts down Shoprite over xenophobic attacks on Nigerians in South Africa The National Association of Nigerian Students (NANS) on Saturday shutdown South Africa’s grocery chain, Shoprite at Ota in Ogun State. A News Agency of Nigeria (NAN) correspondent in Ota reports that the students picketed the shopping mall to protest what they described as unrestrained xenophobic attacks on Nigerians in South Africa....... more

Maintenance Institute to host Africa’s largest maintenance and reliability conference

Maintenance Institute to host Africa’s largest maintenance and reliability conference The 2019 edition of the largest gathering of Process, Maintenance and Reliability experts in Sub-Saharan Africa, the Africa Maintenance and Reliability Conference (AMRC) is going to hold November 7-8, 2019, at The Lekki Coliseum, Lekki, Lagos. The annual event, which is in its fourth stream, is organised by The Maintenance Institute...... more

IT failure causes chaos, flights cancellations for British airways

IT failure causes chaos, flights cancellations for British airways Problems with British Airways’ IT systems left thousands of passengers facing flight cancellations, delays and long queues at airports in the airline’s third major computer failure in a little more than two years. Wednesday’s woes are the latest in a string of problems at the airline, which was fined $230 million...... more

NCC slams Airtel, 9mobile with N136m fine

NCC slams Airtel, 9mobile with N136m fine Nigerian Communications Commissions (NCC) has sanctioned two major Telecommunications operators over infractions. The affected network operators – Airtel and 9mobile were slammed with a total fine of N136million. According to the NCC 2019 first quarter enforcement report, the NCC said the network providers flouted several industry regulations including automatic renewal of...... more

External reserves drop by $1.6bn in one month

External reserves drop by $1.6bn in one month The 30-day moving average of Nigeria’s foreign external reserves has dropped by $1.67 billion from $45.046 billion at the beginning of July to $44.878 billion in early August. Statistics on the Central Bank of Nigeria (CBN) website showed that the external reserves which stood at $43.07 billion as at the beginning...... more

Oil prices rise, escalating U.S.-China trade war caps gains

Oil prices rise, escalating U.S.-China trade war caps gains Brent crude rose on Tuesday, after earlier falling to its lowest since January, as traders betting on falling prices bought back contracts to lock in profits from recent declines caused by the escalating trade dispute between the U.S. and China. Brent prices have plunged 7.6% since their close on July 31,...... more

Airbus battles to capitalise on Boeing’s woes

Airbus battles to capitalise on Boeing’s woes With its main rival hobbled by the worldwide grounding of a top-selling jet, Europe’s Airbus could seem poised to emerge as the undisputed global aerospace leader. Airbus has overtaken the American giant Boeing in some key benchmarks in 2019. And the company is now better positioned to move quickly on a...... more

NPA assures of solution to Apapa gridlock, intensifies efforts

NPA assures of solution to Apapa gridlock, intensifies efforts The Nigerian Ports Authority (NPA) is intensifying efforts to help find a permanent solution to the perennial gridlock in Apapa, Lagos, where the country’s main ports are located. NPA Managing Director Hadiza Bala Usman disclosed this while fielding questions from newsmen in Lagos on Friday. She explained that the Authority has...... more

Refinery: NNPC not in competition with Dangote, says Kyari

Refinery: NNPC not in competition with Dangote, says Kyari The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, says the corporation is not in contest for market share with the forthcoming Dangote Refinery. Kyari disclosed this in a statement signed by Mr Ndu Ughamadu, the spokesman for the corporation, in Abuja, on Wednesday. He...... more

Samsung profits tumble as it warns of ‘challenges’ ahead

Samsung profits tumble as it warns of ‘challenges’ ahead Samsung Electronics saw profits plunge in the second quarter as its key chip business faltered, and the firm also warned of “challenges” ahead. The world’s biggest smartphone and memory chip maker said operating profit fell 56% from a year earlier. The results reflect a broader industry slowdown, weighed down by the...... more

Hackers steal personal details of 100m US individuals

Hackers steal personal details of 100m US individuals The personal details of about 106 million individuals across the US and Canada were stolen in a hack targeting financial services firm Capital One, the company has revealed. The announcement came after the alleged hacker was arrested on Monday. According to Capital One, the data included names, addresses and phone numbers...... more

We don’t have secret account in NNPC — Kyari

We don’t have secret account in NNPC — Kyari The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, says the corporation has no secret accounts that breach the Treasury Single Account (TSA). Kyari disclosed this when he received the Chairman and members of the special Presidential Investigative Panel for the Recovery of Public Property...... more

Oil unit for Dangote Refinery sets sail from China

Oil unit for Dangote Refinery sets sail from China A piece of equipment that will process crude oil for Nigeria’s Dangote refinery set sail on Monday from China, oil company Sinopec said in a tweet. The 650,000 barrel per day (bpd) refinery near Lagos is set to be Africa’s largest, and could transform the country from a fuels importer to...... more

African Presidents, Global Leaders tackle job creation, youth empowerment at the 2019 Tony Elumelu Foundation Entrepreneurship Forum

African Presidents, Global Leaders tackle job creation, youth empowerment at the 2019 Tony Elumelu Foundation Entrepreneurship Forum At the recently concluded 5th edition of the Tony Elumelu Foundation (TEF) Entrepreneurship Forum, five African Presidents and thousands of young African entrepreneurs converged at the most influential gathering in the African entrepreneurship ecosystem. Job creation and youth empowerment were the key themes tackled at the Forum. The Tony Elumelu Foundation,...... more

NSE launches Investor Relations Data Pack to ease transactions

NSE launches Investor Relations Data Pack to ease transactions The Nigerian Stock Exchange (NSE) has launched Investor Relations (IR) Data Pack, a webpage integrated with key market data, corporate news and disclosures, for its corporate issuers. Mr Olumide Orojimi, Head, Corporate Communications of NSE said this on Thursday in Lagos. Orojimi said the IR Data Pack was designed to reduce...... more

Renault, Coscharis form partnership to assemble, distribute Renault vehicles in Nigeria

Renault, Coscharis form partnership to assemble, distribute Renault vehicles in Nigeria French carmaker Renault and Nigerian conglomerate Coscharis Group have formed a partnership to assemble and distribute Renault vehicles in Nigeria, the companies said on Thursday. The Coscharis Group plant will start assembling Renault Logan and Renault Duster vehicles and will distribute the cars through their sales network throughout Nigeria from October....... more

Konga grows over 800 per cent, cuts losses

Konga grows over 800 per cent, cuts losses Nigeria’s leading composite e-commerce giant, Konga has achieved an increase in turnover by over 800 per cent after seeing a drastic reduction in losses over the past 18 months since its acquisition. Making the disclosure on behalf of the Konga Management was Co-CEO, Prince Nnamdi Ekeh, who spear-headed a major Corporate...... more

MTN delves into insurance business, eyes R270bn in three years

MTN delves into insurance business, eyes R270bn in three years Africa’s largest mobile operator, MTN, is eyeing R270bn in revenue in the next three years through a plan to offer life insurance products in partnership with Sanlam, the JSE’s biggest insurer by market capitalisation. The two listed companies said on Tuesday they will be working together to target people who do...... more

Airtel Africa debuts in Lagos in $4.4bn listing

Airtel Africa debuts in Lagos in $4.4bn listing Airtel Africa listed on the Nigerian Stock Exchange on Tuesday in a 1.36 trillion naira ($4.4 bln) flotation turning the telecoms company into the bourse’s third-largest stock by market value. Airtel Africa’s shares climbed 10% from their listing price of 363 naira after the float went live. Some 100,000 shares traded...... more

Fidelity Private Bank emerges Best Digital Networking Bank for Entrepreneurs, Africa

Fidelity Private Bank emerges Best Digital Networking Bank for Entrepreneurs, Africa Fidelity Bank won the ‘Best Digital Networking Bank For Entrepreneurs, Africa 2019’ at 2019 PWM Wealth Tech Awards held in London, United Kingdom (UK) recently. Organised by Professional Wealth Management (PWM), a Financial Times Publication, the awards celebrate excellence in wealth management technology. According to the organisers, technology and service delivery...... more

Ramaphosa eyes Silicon Valley in South Africa

Ramaphosa eyes Silicon Valley in South Africa President Cyril Ramaphosa believes there are trillions of rand waiting for SA to “grab” if it can keep pace with the digital revolution and create its own version of Silicon Valley, the San Francisco home to the world’s largest high-tech firms, including Apple and Facebook, as well as thousands of start-up...... more

Fourth Industrial Revolution summit opens in South Africa

Fourth Industrial Revolution summit opens in South Africa President Cyril Ramaphosa brought together public- and private-sector players on Friday at a summit in which he seeks to turn around the economic fortunes of SA, looking to digital technology to drive the country beyond its paltry 0.8% GDP growth rate. The Fourth Industrial Revolution (4IR) Digital Economy Summit 2019 officially...... more

Aiteo urges FG to curtail crude oil theft

Aiteo urges FG to curtail crude oil theft Aiteo Eastern Exploration and Production Company has called on the Federal Government to put up measures that will help curtail the menace of crude oil theft in the country. Mr Victor Okoronkwo, the Chief Executive Officer of the organisation, made this call at the ongoing Nigerian Oil and Gas conference and...... more

Corporate folk hero Lee Iacocca is dead

Corporate folk hero Lee Iacocca is dead  Lee Iacocca, the auto executive and master pitchman who put the Mustang in Ford’s lineup in the 1960s and became a corporate folk hero when he resurrected Chrysler 20 years later, has died in Bel Air, California. He was 94. Two former Chrysler executives who worked with him, Bud Liebler, the...... more

 

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