NNPC saves Nigeria $2bn, shores up oil production
The Nigerian National Petroleum Corporation (NNPC) said it has saved $2 billion in the past year by renegotiating its upstream servicing contracts. The renegotiation was part of strategies by the…
Etisalat gets new Board: Nnanna is chairman, Olusanya is CEO
Things seem to be falling in place for beleaguered telecom giant Etisalat with the appointment of a new board to run the affairs of the telco. This is coming on…
EFCC to probe ledger of Etisalat over unpaid loan
On the heels of the mass resignations that hit Etisalat Nigeria, one of the major telcos in the country, the Economic and Financial Crimes Commission (EFCC) has stepped into the…
AfDB tinkers economic highway zones for Nigeria, Ghana, Ivory Coast, others
To boost trade, investments, growth and overall development, stakeholders have called for the creation of exclusive economic zones/hubs along the Abidjan–Lagos Highway Corridor which supports about 75 per cent of…
TSA: FG closes over 20,000 banks accounts; Osinbajo says preventing corruption cheaper than recovering loot
The Acting President, Prof. Yemi Osinbajo, has stated that the Buhari government is focusing more on prevention of corruption which he said is better than curing the scourge because recovering…
Why Etisalat Chairman, Belo-Osagie, resigned
The Chairman of Etisalat Nigeria, Hakeem Belo-Osagie, has stepped down following the restructuring of the telecommunications company. His resignation is with immediate effective and came on the heels of mass…
Social media is good but here are six pitfalls to avoid for your business
With growing access to the internet, social media now represents an indispensable channel for businesses to promote their brand, connect with customers, cultivate sales leads and deepen their reach. Considering…
AfDB wants more loans for MSMEs, says they create more jobs
The African Development Bank (AfDB) has called on financial markets to increase affordable loans and provide more diverse and innovative financing instruments to Africa’s micro, small and medium sized enterprises…
Excitement as Japanese smartphones set to debut in Nigeria, Africa
Respite appears to be on the way for millions of Nigerians bedeviled by the overwhelming abundance of inferior smartphones and other technology devices in the market-place, as a renowned Japanese…
Oil prices surge by more than 2% as traders cover short positions
Oil prices rose for a fourth consecutive session on Tuesday as investors covered short positions, although worries over a persistent global supply glut still lingered. Brent crude futures, the international…