MTN Group earns N50.5bn from asset sales, cuts stake in Jumia
MTN Group Ltd has raised 2.1 billion rand ($140.24 million or N50.486 billion) from asset sales as part of a divestment plan announced in March, Africa’s largest mobile network by…
Jumia shares crash below IPO price on New York Stock Exchange
Four months after a landmark listing on the New York Stock Exchange, e-commerce giant, Jumia’s shares have crashed below its IPO price. After launching its IPO at $14.50 per share,…
We’ll publish details of our supply contracts for accountability – NNPC GMD
The Nigerian National Petroleum Corporation (NNPC) has urged the public to be wary of attempts to drag the corporation into politics in the guise of requests for information under the…
No plan to relocate NGC out of Niger Delta region – NNPC
The Nigerian National Petroleum Corporation (NNPC) says it has no plan to relocate its subsidiary, Nigerian Gas Company (NGC) outside the Niger Delta region. The spokesman of the corporation, Mr…
NNPC to partner with Turkey beyond crude oil – Kyari
The Nigerian National Petroleum Corporation (NNPC) has expressed its desire to extend Nigeria’s trade relations with Turkey beyond crude oil. The Group Managing Director of NNPC, Malam Mele Kyari, disclosed…
NUPENG threatens strike over Chevron staffing dispute
One of Nigeria’s main oil and gas trade unions on Thursday threatened to take industrial action over a staffing dispute with Chevron. In a statement, the Nigeria Union of Petroleum…
How technology is disrupting FMCG distribution
By Joseph Okoghenun Disruption has transformed from being a business cliché to a fearful reality, especially if businesses intend to be relevant in the coming years. Disruptions have changed the…
N5trn AMCON debts: EFCC, ICPC, others team up to chase debtors
The Vice-President, Prof. Yemi Osinbajo, has directed that new approaches be adopted in the recovery of debts owed the Assets Management Corporation of Nigeria(AMCON). Osinbajo’s spokesman, Mr Laolu Akande, in…
Oloibiri evokes emotion as Shell remodels, equips Kolo General Hospital
Shell Petroleum Development Company (SPDC) on Tuesday inaugurated the remodelled and upgraded Kolo General Hospital as part of the activities lined up to commemorate the discovery of oil in commercial…
Fidelity Bank rewards 11 Kano customers with N7m
Eleven loyal customers of Fidelity Bank Plc in Kano on Tuesday won N7 million in its “Fidelity Savings Loyalty Scheme ”. Some of the lucky customers won N500, 000 while…