Business news
Amaka Obiefuna The Petroleum Technologies Association of Nigeria (PETAN) has honoured Shell companies in Nigeria with the Aret Adams Award for Excellence in recognition of their “outstanding contributions to the development of local content in the Nigerian oil and gas industry.” PETAN, comprising 89 indigenous companies in the upstream sector of the oil and gas […]
Lagos State Governor, Mr. Akinwunmi Ambode has urged members of the Institute of Directors (IoD) to support government initiatives to reflate the economy, boost wealth generation and create job opportunities for the teeming youths. The Governor, who spoke through the Secretary to the State Government (SSG), Mr. Tunji Bello at the 2017 Annual Directors’ […]
Amaka Obiefuna Operators in the Nigerian capital market have called on the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) to grant them single dealing license to access Discount Window. This according to them will facilitate a more robust and deeper financial market, being currently regulated by the Securities and Exchange […]
A lot of people are wondering why only the University of Ibadan has been consistently ranked among the best 1000 universities in the world since the year 2016, well the reason is simple: University of Ibadan is the best University in Nigeria. Remember some other universities also make the Top 10 Universities in Nigeria. But out of […]
A Senior Advocate of Nigeria, Dr. Olisa Agbakoba, has said President Muhammadu Buhari is bereft of the understanding of how a government should be run. He also described the federal cabinet put together by Buhari as incompetent, saying the President is “sleeping on the job.” “Government’s work is misunderstood even by the President. He doesn’t […]
A human rights lawyer, Mr. Femi Falana (SAN), has said that Nigerian victims of slavery have no court to sue Libya for the violation of their rights. Falana said in a statement on Sunday that the victims would have been able to approach the African Court on Human and Peoples Rights sitting in Arusha, Tanzania, […]
Saudi Arabia on Monday announced a lifting of the kingdom’s decades-long ban on cinemas, a landmark decision part of a series of social reforms ushered in by the powerful crown prince. The culture and information ministry announced in a statement that “commercial cinemas will be allowed to operate in the kingdom as of early 2018, […]
The queues for Premium Motor Spirit, popularly called petrol, persisted on Sunday in Abuja and some states despite the order by the Federal Government to the Minister of State for Petroleum Resources, Ibe Kachikwu, to end the scarcity. The Federal Executive Council, at its meeting last Wednesday, directed the minister to ensure that the fuel […]
Power distribution companies are increasingly installing meters that are non-compliant with industry standards, the Transmission Company of Nigeria has said. According to the Market Operator, a department in the TCN, many substandard meters are being given out by Discos to electricity consumers, a development that will attract sanctions if not stopped. This, however, was countered […]
The Central Bank of Nigeria under the auspices of the Bankers’ Committee has concluded plans to use the Bank Verification Number of customers to blacklist loan defaulters from accessing further loans in the nation’s banking system. The CBN Governor, Mr. Godwin Emefiele, made the disclosure at the end of a two-day annual retreat of the […]