Yudala gets new CEO: He’s Wole Ogundare
Yudala, Nigeria’s fastest growing composite e-commerce outfit, has announced the strategic appointment of Mr. Wole Ogundare as Chief Executive Officer. The appointment takes effect from May 1st 2017. Wole Ogundare’s…
Bharti Airtel revenue slumps in India, Africa; mobile data revenue declines by 14.7 %
Bharti Airtel reported continued weakness in its fiscal Q4 ending 31 March, with its profit falling sharply and mobile revenue in its key Indian and African markets dropping by double-digit…
Why Ponzi schemes thrive despite risks
Largely unheralded for a long time, Ponzi schemes came to the consciousness of the entire nation in 2016. With the descent of the Nigerian economy into its first full depression…
Don Jazzy, Wizkid and Davido, are among the top ten richest African musicians
Forbes Africa has released its list of Richest African musicians. The list was put together using factors such as endorsement value, popularity, show rates, sales, awards, YouTube views, appearance in…
Ajaokuta Steel nearing completion, to provide 500,000 jobs
The first phase of Ajaokuta Steel Company will provide 500,000 upstream and downstream employment when it becomes operational. Mr Isah Onobere, the Sole Administrator of the company, told journalists on…
Shell to invest $25bn in Nigeria, other nations; rakes in $2.2bn income in three months
Oil giant, Royal Dutch Shell, has announced plans to invest about 25 billion dollars this year in Nigeria and all its oil and gas operation across the world. Shell made…
36 ships laden with grains, fish, petrol to arrive Nigeria this month – NPA
Thirty-six ships laden with petroleum products, food items and other goods are expected to arrive in Apapa and Tin-Can Island Ports in Lagos from May 4 to May 29, according…
Emefiele briefs Buhari, sees stability in forex market soon
Central Bank of Nigeria, CBN, Governor, Mr. Godwin Emefiele, on Thursday briefed President Muhammadu Buhari over the instability in the country’s foreign exchange market . Aso Rock sources said the…
We will transform Niger Delta communities to commercial hubs using modular refineries – Boroh
Retired Brig.-Gen. Paul Boroh, the Coordinator, Presidential Amnesty Programme (PAP), says the Niger Delta region will soon become a hub of oil business, if the modular refineries are operational. Boroh…
Facebook garners 1.3 billion users per day
Facebook Founder, Mark Zuckerberg, says the social media platform has 1.3 billion daily active users as at the first quarter of 2017. Zuckerberg said on his Facebook page on Wednesday,…