Shell invests $5.2m in Nigerian youths
Shell Petroleum Development Company (SPDC) and its Joint Venture partners invested about 5.2 million dollars in 2017 to develop the intellectual capacity of young Nigerians toward solving the nation’s challenges….
Boom for e-Commerce as Konga Compliance Debuts
In its bid to uplift ethical standards in the African e-commerce space and raise the bar in customer satisfaction, e-commerce giant, Konga, has launched Konga Compliance – compliance@konga.com – a…
Security operatives raid MTN office, disconnect servers
MTN Uganda, a unit of the South African telecoms firm, said government security personnel had raided its data center and disconnected four of its servers. The firm said in a…
NSE suspends trading in 7 insurance firms
The Nigerian Stock Exchange (NSE) has suspended trading in the shares of seven insurance companies and RT Briscoe for not submitting their 2017 audited accounts and statements. The exchange, in…
US authorities probe firm over Nigeria dealings
The law firm of Kirby McInerney LLP is investigating potential claims against mining giant Glencore plc over possible under-hand dealings in its operations in Nigeria, Venezuela and Congo DR. The…
Our fears for Africa free trade agreement, by MAN
Dr Frank Udemba, National President of Manufacturers Association of Nigeria (MAN), has said the association had reservations on the impact of African Continental Free Trade Area (AfCFTA) on Nigeria’s economy,…
Baru marks two years as GMD NNPC, lists achievements
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, says the corporation will remain globally competitive. Baru said this in a statement by the NNPC…
Oil prices fall on Trump’s tweet
Oil prices fell on Thursday after U.S. President Donald Trump sent a strident tweet demanding that OPEC cut prices for crude. The escalating trade row between Washington and Beijing, which…
Nigeria, France ink $475m agreement on social amenities
Nigeria and France on Tuesday in Abuja signed three agreements worth 475 million dollars on social amenities and reforestation. The News Agency of Nigeria (NAN) reports that the agreements cover…
Nigeria to earn $5.60bn in taxes from Schlumberger, other deals — Baru
The Nigerian National Petroleum Corporation (NNPC), says the NNPC, First E&P and Schlumberger 724 million dollars oil financing deal will enable Nigeria earn 5.60 billion dollars in taxes and royalty….