NNPC shops for $16bn to execute projects, expand operation
The Nigerian National Petroleum Corporation (NNPC), has disclosed that it would be shopping for about 16.5 billion dollars to execute several oil and gas projects. The Group Managing Director of…
Ecobank to sack staff, expand online services
Ecobank plans to close branches and cut jobs as the Pan-African lender steps up investments in digital platforms, its chief executive said on Wednesday. Speaking to Reuters on the sidelines…
Nigeria’s foreign debt tops $11bn; Lagos leads among debtor states
The National Bureau of Statistics (NBS) said Nigeria’s foreign debt stood at 11.41 billion dollars while its domestic debt was N14.02 trillion in 2016. The NBS stated in “Nigerian Domestic…
Nigeria, South Africa, three others top Africa foreign investments hubs – Report
The EY.com, a global leader in assurance, tax, transaction and advisory services, says Egypt, Kenya, Morocco, Nigeria and South Africa are the key hub economies in Africa. Its latest Africa…
Nigeria, five other African countries get $1.1bn climate change fund
The African Development Bank (AfDB) has approved the sum of $1.1 billion for five African countries, including Nigeria, to fight climate change. The other countries are South Sudan, Kenya, Ethiopia…
Yudala goes bullish, acquires Yes Mobile
Yes Mobile, a cosmopolitan high-value retail outfit with a multiplicity of stores in Lagos has been taken over by pioneer composite e-commerce company, Yudala in what industry watchers consider a…
NIRA elects new leaders, Nweke, Agbata are Directors
By Theresa Igata The Nigeria Internet Registration Association (NIRA) has elected five new members into its Board. The keenly contested election which took place during the 9th Annual General Meeting…
Dangote pays Taraba N1.2bn compensation for land, begins sugar factory project in the state
Gov. Darius Ishaku of Taraba on Tuesday said Dangote Group had commenced sugar plantation and factory project in Lau Local Government of the state. Ishaku made this known in Jalingo…
Nigeria’s economic growth plan to yield over $50bn investments in oil and gas – Kachikwu
Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, said economic growth plan recently launched by Federal Government would provide strategic and economic partnerships in excess of 50 billion dollars….
Why MTN Nigeria sacked 280 workers, affected staff paid severance allowance
MTN Nigeria said it had to disengage 280 staff because it wanted to delve into full Information and Communication Technology (ICT) and digital operations. An official who pleaded anonymity told…