Total grows lean in Africa, sells 25% South Africa stake to Qatar; invests big in South America
French oil and gas group Total has agreed to sell a 25 percent stake in the Exploration Block 11B/12B, offshore South Africa, to Qatar Petroleum, in a deal which Total…
ZINOX GROUP ACQUIRES KONGA, TO EMPLOY 5000 NIGERIANS
The Zinox Group has reportedly concluded the acquisition of e-commerce powerhouse, Konga, after successfully rounding off months of long-drawn negotiations with major investors, Naspers and AB Kinnevik in a landmark…
NSE market capitalisation increases further by N65bn
February 2, 2018 The Nigerian Stock Exchange (NSE) market indicators for the second trading day in February sustained growth with the market capitalisation improving by N65 billion. The News Agency…
New telecom voice termination tariff takes effect March 1 – NCC
BY THERESA IGATA Following the initial stakeholders’ meeting in February 2017 for the determination of termination rates for telecom companies, the NCC says a new study to determine the mobile…
Independent marketers to begin construction of $3bn refineries in Kogi, Bayelsa
The Independent Petroleum Marketers Association of Nigeria (IPMAN) is set to commence work on its proposed $3 billion (N1.08 trillion) refinery in two states. The National President of the association,…
NBS dismisses Buhari Govt claim on jobs, says we’ve no data to support creation of 7 million jobs
Statistician General of the Federation and CEO of the National Bureau of Statistics (NBS) Mr. Yemi Kale has dismissed the job creation numbers being touted by the President Muhammadu Buhari…
MTN foresees big earnings, profit in post Nigerian fine
MTN Group has predicted improved annual earnings for 2017, as it bounces back from its first net loss in 20 years recorded in the previous year. In a stock market…
NITDA saves banks, others from cyberattacks; lists precautions
The National Information Technology Development Agency (NITDA) has urged Ministries, Departments and Agencies (MDAs), private sector and the public to be vigilant and proactive ahead of possible cyber-attacks in 2018….
Dangote Donates N1.2bn Business School Building to Bayero University
In his commitment to encouraging entrepreneurship in the country as a way out of the economic doldrums, Nigeria’s business magnate, Aliko Dangote, is donating another N1.2 billion structure for running…
Bears greet stock market, Dangote Cement leads losers
The free fall of equities continued on the Nigerian Stock Exchange (NSE) on Thursday with major equities recording further depreciation led by Dangote Cement. The News Agency of Nigeria (NAN)…