Kwale Industrial Park to generate 75,000 jobs; Okowa assures on profitability
In line with his administration’s commitment to the speedy industrialization of Delta State, Governor Ifeanyi Okowa has assured prospective investors in Kwale Industrial Park of quick return on investment. Over…
Zenith Bank: New management pledges enhanced results, dividends
The new management of Zenith International Bank Plc on Wednesday assured the capital market community and shareholders of enhanced financial performance and value creation. Mr Ebenezer Onyeagwu, the new Group…
Nigeria may lose N5.5trn in bad loans to slow justice system, bearish economy
Nigeria is facing the risk of never recovering about 5.5 trillion naira ($15 billion) of bad loans taken over during a banking crisis more than a decade ago, reports Bloomberg….
Google announces $3m Google.org grant to support African non-profits
Google on Wednesday announced a $3million Google.org grant to support African non-profits focused on providing CS Education for children in underserved communities, girls and economic empowerment of young people. Among…
UK Supreme Court to hear claims by Niger Delta peasants against Shell in England
There is hope for redemption for two Niger Delta communities as the Supreme Court in London will hear an appeal by peasants from the communities to pursue claims in England…
Huawei revenue up despite US trade blacklist
Huawei recorded better than expected revenue growth in the first half of 2019 despite the mounting impact of the US putting the vendor on a trade blacklist in May. The…
Price stability: CBN retains Monetary Policy Rate at 13.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has retained the Monetary Policy Rate (MPR) at 13.5 per cent. The CBN Governor, Mr Godwin Emefiele made…
Nigeria, Siemens ink deal to deliver 11,000MW power supply by 2023
Nigeria and German company Siemens have agreed a roadmap to nearly triple the country’s “reliable” power supply by 2023, President Muhammadu Buhari said on Monday. Nigeria’s ailing power infrastructure, which…
Oil prices not expected to rise significantly as demand is slowing -IEA
The International Energy Agency (IEA) doesn’t expect oil prices to rise significantly because demand is slowing and there is a glut in global crude markets, its executive director said on…
Panic as man climbs Azman Air aircraft, delays take off
Passengers aboard a Port Harcourt-bound Azman Air flight were thrown into panic on Friday after a yet-to-be-identified man climbed the aircraft while it was about to take off at the…