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110 Post(s)

Showing 1 to 9 of 110 posts

FG approved Release N331.5bn capital budget

  • Admin
  • 2016.08.10 02:53

FG Releases N331.5 Billion Capital Budget, to Submit 2017 Budget By October Abuja — The federal government has so far released N331.5 billion as a fraction of the capital allocation from the 2016 budget,…

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Ambode to open N31.5b Novare lekki mall

  • Admin
  • 2016.08.22 02:15

Lagos State Governor, Akinwunmi Ambode will perform the official opening of the Novare Lekki mall in Lagos, on Thursday, August 25, 2016. Interestingly, the Foundation Stone laying ceremony of the Novare…

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US to relinquish Control Of Internet By Oct 1

  • Admin
  • 2016.08.22 02:25

The United States National Telecommunications & Information Administration (NTIA) said it is ready to relinquish control of the Internet domain name system (DNS) infrastructure to the Internet…

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Foreign Airlines in Nigeria Shift Operational Base to Ghana

  • Admin
  • 2016.08.22 06:39

A number of international carriers offering flight services have started relocating their offices to Accra, Ghana from their operational bases in Nigeria. It was gathered that such airlines which now…

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Nigeria banks in forex ban over missing oil cash

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  • 2016.08.24 10:38

Nigeria has banned a plethora of the country’s banks from foreign currency trading after the allegedly failed to pay more than $2 billion owed to state oil giant Nigerian National Petroleum Corporation…

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Aero Contractors suspends workers indefinitely

  • Admin
  • 2016.08.31 09:29

Nigeria’s second largest commercial airline, Aero Contractors, has sent its workers involved in scheduled services on indefinite leave due to the country’s harsh economy. In a statement, the management…

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Nokia Nigeria Office Shuttered Over $6,300 License Fee

  • Admin
  • 2016.09.09 08:08

Nigeria’s telecoms regulator has forced Nokia to close its office in the country because, it claims, the company has failed to pay a licence costing only $6,300. The enforcement unit of the Nigerian Communications…

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Rice Could Sell for N40,000 by December Unless Production Expands

  • Admin
  • 2016.09.12 02:13

The federal government at the weekend warned that unless Nigerians ramp up the production of rice, a major staple in the country, and take advantage of current agricultural policies, the product could…

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Arik Air Resumes Flight Operations After 16 - Hours Shut down

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  • 2016.09.15 08:44

After about 16 hours of shut down, the Arik Air, Nigeria's biggest airline, resumed operations yesterday. He Arik Air spokesman, Mr. Adebanji Ola, in a statement he issued, said that the airline had resumed…

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11 Year Old Nigerian Boy Impresses Facebook CEO, With His Game App

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  • 2016.09.18 03:20

The work of an 11-year-old Nigerian boy seems to have impressed Facebook CEO Mark Zuckerberg -who shared the below message on his official page. Zuckerberg said; This is Tayo. He's 11 and he recently…

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MTN moved over $12bn out of Nigeria - Dino Melaye

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  • 2016.09.22 08:09

The Senate of the Federal Republic of Nigeria was on Thursday shocked when Senator Dino Melaye, representing Kogi West revealed that telecommunication giants in Nigeria, MTN, has been involved in gross…

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Money Gram cuts time for new product introduction with oracle cloud by Group

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  • 2016.09.22 08:21

Oracle Cloud solutions streamline payroll, core human resources and recruitment processes for the global money transfer business. Oracle has announced that MoneyGram International Inc., the second-largest…

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We will zoom in on Banks aiding corruption - - Magu

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  • 2016.09.23 04:11

The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ibrahim Magu, has accused banks of aiding corruption in Nigeria. He said it was unfortunate that some banks encourage looting by…

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CAC, Banker, 11 others set to testify against Patience Jonathan

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  • 2016.09.23 07:50

Indications have emerged that a Banker, the Corporate Affairs Commission (CAC) and 11 others are now set to testify on how four slush accounts were opened for former First Lady, Patience Jonathan. This…

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MTN denies paying bribe to reduce Nigerian fine

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  • 2016.09.23 08:39

South Africa's denied it paid a bribe to Nigerian officials to reduce its fine to 330 billion naira ($1.05 billion) as part of settling a dispute over disconnecting unregistered SIM cards in the West…

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Am Alive, Hale & Hearty - Aliko Dangote

  • Admin
  • 2016.09.26 02:16

News went around this afternoon that business mogul, Ailko Dangote is dead. According to the false reports he died in a German hospital. His Group of companies (Dangote Group) through their twitter handle…

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Dino Melaye accuses minister of aiding MTN to transfer $13.9bn

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  • 2016.09.28 02:16

The Senate on Tuesday began a probe into the allegation that the MTN Nigeria had repatriated $13.9bn from Nigeria to other countries between 2006 and now. A member of the Senate representing Kogi-West…

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Militants blast NNPC Pipeline in fresh attack

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  • 2016.09.30 02:04

A militant group called the Niger Delta Greenland Justice Mandate on Thursday claimed an attack on a crude pipeline in Delta state operated by the Nigerian Petroleum Development Company, a subsidiary…

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Diamond Bank Changes Names of Products

  • Admin
  • 2016.10.01 04:32

Diamond Bank Plc has announced the change of names of six of its flagship financial products. According to the Bank, the name change was borne out of the need to align its product offerings to the changing…

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NIMASA Re-awards Tompolo’s Contract to Rivers APC Chairman

  • Admin
  • 2016.10.01 04:45

Peterside: It is a debt recovery contract, different from the one awarded to Tompolo’s company The debt recovery and surveil- lance contracts awarded to the Global West Vessel Specialists Nigeria Limited…

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Disney confirms that a live action remake of The Lion King Is happening.....

  • Admin
  • 2016.10.02 03:55

It really is the Circle of Life as Disney has confirmed that it is working on a live action remake of hit animated movie, The Lion King. The announcement came this afternoon when filmmaker, Jon Favreau…

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BoI to collaborate with business owners on funding

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  • 2016.10.02 04:37

The Bank of Industry has expressed its readiness to partner entrepreneurs in tailoring its funding to achieving greater economic impact. The bank urged customers and would-be beneficiaries to come forward…

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Tecno Telecoms launched it's flagship devices in Dubai

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  • 2016.10.03 01:57

Taking its first official step into the international scene, Tecno Telecoms has launched its flagship devices, the Phantom 6 and Phantom 6 Plus in Dubai. With over 80 local and international media present…

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Nigeria Must Move Forward in Export Business - Benjamin Aber

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  • 2016.10.03 02:15

The Customs Area Controller, Kirikiri Lighter Terminal Command, Comptroller Benjamin Aber, has urged Nigerians to be more serious with exportation of goods to replenish the country's dwindling foreign…

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CBN to raise N129.6bn in T-Bills

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  • 2016.10.03 02:39

The Central Bank of Nigeria (CBN) plans to raise N129.67 billion ($403.01 million) in short-dated treasury bills at an auction on Wednesday. The bank said it would raise N28 billion in three-month paper,…

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CBN targets foreign investors for economic growth

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  • 2016.10.04 02:37

The Central Bank of Nigeria will pursue price stability as an anchor for economic growth and attract foreign investors as the country battles economic recession and rising inflation, the CBN Governor,…

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Nokia highlights benefits of 5G, cloud, others

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  • 2016.10.04 02:42

Nokia said it had demonstrated its latest innovations to telecoms operators, government departments, enterprises, and business partners to help build smart cities with the Internet of Things and critical…

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Zenith Bank embezzled customers one billion naira through FX scam

  • Admin
  • 2016.10.04 03:01

According inside sources, some Zenith Bank staff of their Ilupeju Branch in Lagos have been nabbed for Cornering one billion naira belonging to their Customer -An aviation company. According to inside…

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Google finally launches its long-awaited Mi Box

  • Admin
  • 2016.10.04 03:42

As Google TV struggled, Roku and Amazon Fire TV were seemingly taking over the market. Google finally let its TV platform go, but announced it would be replaced with Android TV. The company also promised…

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WhatsApp copies SnapChat and allows you to add emoji to photos... and more

  • Admin
  • 2016.10.04 03:47

Until concerns were raised about data sharing with Facebook to help deliver targeted ads, WhatsApp was seen as the messaging tool of choice for those concerned about privacy. As well as offering encrypted…

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Dangote Refinery Looks At Creating 300,000 Jobs

  • Admin
  • 2016.10.04 04:10

The $17 billion refinery project of Dangote Industries Limited is expected to create about 300,000 direct and indirect jobs by the first quarter of 2019. Disclosing this last week, the Chief Operating…

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Dangote Refinery Looks At Creating 300,000 Jobs

  • Admin
  • 2016.10.04 04:21

The $17 billion refinery project of Dangote Industries Limited is expected to create about 300,000 direct and indirect jobs by the first quarter of 2019. Disclosing this last week, the Chief Operating…

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Court orders Globacom to vacate base station pay N32m to landowners

  • Admin
  • 2016.10.04 14:17

A Bayelsa High Court sitting in Sagbama on Tuesday ordered Globacom Nig. Ltd. to vacate a piece of land belonging to the Agbereowei family of Bolou-Orua in Sagbama local government. The family had leased…

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Senate tackles MTN over reported sack of Nigerians

  • Admin
  • 2016.10.04 15:43

The Senate on Tuesday said it would not condone a situation where Nigerians working in the telecommunications industry are sacked without recourse to the global labour rules and practices. Chairman, Senate…

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Facebook apologizes for all the weird things that showed up on Marketplace

  • Admin
  • 2016.10.05 04:16

A look at the weird posts on Facebook Marketplace Within hours of Facebook launching Marketplace, the Craigslist-esque forum had already been overrun by users selling a mix of bizarre and illegal items.…

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Global banks fight back on Brexit,

  • Admin
  • 2016.10.06 05:15

Britain crashing out of the European single market could cost banks and associated businesses in the U.K. almost 40 billion pounds ($51 billion) in lost revenue, undermining a key sector of the economy,…

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Nigeria will soon close $4bn Investment deal with China

  • Admin
  • 2016.10.06 05:21

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that Nigeria will soon close the deal on a $3 billion to $4 billion loan from China that will be channelled towards the provision…

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Glo blazes trail, launches nationwide 4G LTE network

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  • 2016.10.07 02:54

Globacom has set the pace in the telecommunications industry by becoming the first operator in the country to launch a nationwide mobile 4G Long Term Evolution (LTE) network. The company disclosed that…

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Naira Appreciates on Parallel Market as Travelex Commences Dollar Sales to BDCs

  • Admin
  • 2016.10.07 03:15

Relief appears to have come the way of the naira, which had been under attack on the parallel market FX in the past few days as the currency strengthened to N473 to the dollar yesterday, from N475 to…

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Shareholders of PZ Cussons Approves N1.99Billion Dividend

  • Admin
  • 2016.10.07 03:18

Shareholders of PZ Cussons Nigeria Plc yesterday approved a N1.99 billion dividend for the 2016 financial year. This translated to 50 kobo per share. The company’s total assets increased to N74.4 billion…

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Nigerian banks are healthy, NDIC reassures depositors

  • Admin
  • 2016.10.07 03:27

The Nigeria Deposit Insurance Corporation (NDIC) has reassured Nigerians that the Deposit Money Banks are healthy despite recession, saying that 90 per cent of depositors are covered by the corporation…

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Court strikes out N1.8bn suit against Oyedepo

  • Admin
  • 2016.10.08 01:22

Justice Jude Dagat of a Federal High Court in Lagos yesterday, billion suit filed against founder of the Living Faith Church, Bishop David Oyedepo, by a stock brokerage firm, Valueline Securities and…

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"I'm entitled to my privacy", Dino Melaye reacts to report on N180 million car

  • Admin
  • 2016.10.08 03:41

Controversial Nigerian Senator, Dino Melaye, on Friday declined comments on the source of his wealth to afford his ostentatious lifestyle and knack for luxury cars. On Thursday, PREMIUM TIMES reported…

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Nigeria Customs removes rice from import restriction list

  • Admin
  • 2016.10.08 16:11

The Comptroller-General of Customs, Col. Hameed Ali (rtd), has ordered the immediate removal of rice from import restriction list and the re-introduction of import duty payment at land borders. The Public…

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Rice Importation Through The Land Borders Still Remain Banned

  • Admin
  • 2016.10.09 03:19

Our attention has been drawn to publications on various online platforms indicating that the Nigeria Customs Service has reversed the ban on Rice importation through the land borders. These reports were…

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Rice price will fall by November - FG

  • Admin
  • 2016.10.11 00:20

The Federal Government on Monday declared that the price of rice would start to fall from November this year. It stated that more Nigerians had returned to their various farms, adding that at the next…

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Senate commends MTN on 4G LTE launch

  • Admin
  • 2016.10.11 00:33

Senate President Bukola Saraki has commended MTN Nigeria for investing in the 4G Long Term Evolution (LTE), saying the launch will further give impetus to the National Assembly’s drive to provide legislature…

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Fidelity Bank Reward Promo Winners

  • Admin
  • 2016.10.13 01:50

Fidelity Bank Plc has rewarded its savings account customers with gifts and cash prizes worth millions of naira. The winners emerged from the lender’s first draw in its ongoing Get Alert in Millions promo,…

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Kenya Airways Suspends Flight To Abuja, Gaborone

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  • 2016.10.15 10:40

Kenya Airways (KQ) has suspended flights to Abuja in Nigeria and Gaborone in Botswana from November 15 as part of its latest network restructuring. However, Gaborone will continue to be served multiple…

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Startimes unveils combo decoder

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  • 2016.10.15 18:43

In a move to improve the pay TV landscape in Africa and offer surplus entertainment access to subscribers, StarTimes recently unveiled the 2-in-1 combo decoder in Nigeria. Presenting the product and satellite…

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Huawei partners Finet experience center to reward customers

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  • 2016.10.15 22:28

Technology giant, Huawei, in partnership with Finet have recently treated smartphone and technology enthusiasts to an exciting independence anniversary experience at the Obafemi Awolowo Glass House, following…

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Tecno veers into global market with Phantom 6 series

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  • 2016.10.15 22:43

Taking its first official step into the international scene, mobile technology giant, Tecno Telecoms recently launched its flagship devices the Phantom 6 and Phantom 6 Plus, respectively in the Burj Khalifa,…

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Textile industry in comatose , 700,000 workers lose jobs - 104 companies closed

  • Admin
  • 2016.10.17 02:57

Nigeria’s econom­ic downturn has continued to take a heavy toll on the country’s overall socio-politi­cal development. One of the hardest hit sec­tors over the years has been the textiles industry – a…

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ExxonMobil Exits Nigeria's Downstream Sector, Sells Stakes To NIPCO

  • Admin
  • 2016.10.20 00:33

ExxonMobil, United States-based international oil company has divested its downstream operations in Nigeria, following the acquisition of 60 percent equity at Mobil Oil Nigeria (MON) Plc, by Nipco Plc,…

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MTN hits back after Nigerian lawmaker’s claims

  • Admin
  • 2016.10.21 02:56

The amount of money which South Africa's MTN Group is alleged to have illegally moved out of Nigeria is “mind boggling”, a Nigerian lawmaker said on Thursday at the start of a parliamentary investigation…

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FG May Increase Fuel Price

  • Admin
  • 2016.10.25 04:24

The Nigerian National Petroleum Corporation, NNPC, has said it can no longer sustain the sale of petrol at N145 per litre. Recall that Labour last month warned against increment in pump price. Speaking…

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Cronos Airlines Launches Lagos - Douala-Malabo Flights

  • Admin
  • 2016.10.28 00:38

Malabo-based leading carrier, Cronos Airlines, has partnered a subsidiary of Nigeria’s Peacock Group, Peacock Aviation and Allied Services, to open a new travel gateway-Lagos-Doula-Malabo flights. Business…

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Reps Wade Into Banks 'N2.473trn Debt To AMCON

  • Admin
  • 2016.10.28 00:41

The House of Representatives, yesterday, moved to save the Asset Management Corporation of Nigeria (AMCON) from collapse over funds owed them by a firm, Obligo. Obligo is an international management company…

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Lagos Trade Fair'll Bring The Best Out Of Our Economy - Oyetayo

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  • 2016.10.28 00:45

The Vice-President, Lagos Chamber of Commerce and Industry, and Chairman, Trade Promotion Board, Mr. Sola Oyetayo, talks about the forthcoming Lagos International Trade Fair, in this interview with ANNA…

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Skye Bank Sacks 50 Employees And Outsourced Staff

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  • 2016.11.01 12:18

About four months after it disengaged about 200 of its workers, Skye Bank Plc has retrenched about 50 members of staff, including those in outsourced and auxiliary functions. Although the number of the…

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Erisco Foods shuts down Nigeria’s factory, relocates to China

  • Admin
  • 2016.11.01 12:52

Erisco Foods Limited has announced the shutdown of its tomato manufacturing business in Nigeria citing an unfavourable operating climate which has escalated operational costs in recent months. President/CEO…

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Fidelity Bank Appoints Ernest Ebi Chairman As Ezeh Retires

  • Admin
  • 2016.11.02 02:38

Fidelity Bank Plc yesterday announced the appointment of Mr Ernest Ebi as a non-executive director and chairman-designate of the Board of Directors. This follows the retirement of the erstwhile chairman…

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Dana Air named official airline for 'House of Reps' Summit

  • Admin
  • 2016.11.04 10:04

Dana Air says it’s the official airline of the House Representatives’ 2016 Legislative Summit on Sustainable Development Goals, slated for November 22 to 23 at the National Assembly Complex, Abuja. The…

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No Plans to Arrest those Hoarding Dollars at Home - Emefiele

  • Admin
  • 2016.11.23 02:21

Nigerians have been asked to ignore growing specula­tions that the Central Bank of Nigeria (CBN) will prosecute anyone that keeps the United States (US) dollars in their homes. The CBN governor, Mr. Godwin…

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How Lagos emerged fifth largest economy in Africa

  • Admin
  • 2016.11.27 04:28

Lagos State governor, Akinwunmi Ambode, is certainly no stranger to televised interviews having featured in several before and since being elected into office. But when the governor appeared as a guest…

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Naira appreciates marginally at interbank market

  • Admin
  • 2016.11.30 11:35

The Naira on Wednesday appreciated marginally against the dollar at the interbank market, gaining 25k to exchange at N305, the News Agency of Nigeria (NAN) reports. The Nigerian currency closed at N305.25…

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FG never authorised NCC to hike price of data -

  • Admin
  • 2016.11.30 11:53

The Federal Government on Wednesday dismissed claims that it directed telecommunications operators to increase the price of data subscriptions by December 1. Reports had it that effective from tomorrow…

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Mosque in a plane? Check out Saudi Airlines

  • Admin
  • 2016.12.03 04:09

Saudi Airlines Replace Seat Spaces On Their Planes With A Mosque Saudi Airlines replaced a 9 seat space on their planes with a mosque that carries 10 people for travelers to offer their daily prayers…

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Five things you didn’t know WhatsApp could do

  • Admin
  • 2016.12.06 01:06

Earlier this year, WhatsApp announced that it had a user base of more than one billion; that is, one in seven people on earth. People all over the world have been using WhatsApp for numerous purposes.…

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Panic as MMM placed a one-month ban on all withdrawals starting from December 13

  • Admin
  • 2016.12.14 00:39

• It is only one month suspension on withdrawals, MMM insists Fast-growing money scheme, Mavrodi Mundial Moneybox (MMM), yesterday jolted millions of Nigerians and spelt a bleak Yuletide for participants…

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Founder of MMM Nigeria releases Statement

  • Admin
  • 2016.12.16 04:24

Chuddy Ugorji, who is rumored to have brought MMM to Nigeria has re-assured Mavrodians on the current freezing of accounts. Read his statement below. “Goodday great mavrodians, This week has not been…

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MMM founder warns Nigerian journalists, says scheme will resume in January

  • Admin
  • 2016.12.19 01:18

The founder of the Mavrodi Mondial Moneybox (MMM), Sergey Mavrodi, has warned Nigerian journalists and the media, about creating panic over the suspension of the ponzi scheme in the country. Mavrodi,…

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MTN denies alleged 75% stake by Indian group

  • Admin
  • 2016.12.20 00:09

Nigeria’s dominant telecoms operator, MTN, has denied that it is exiting the country and relocating to South Africa. It also refuted news making the round that it has sold 75 per cent stake to Indian…

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FG secures $150m from World Bank for mining sector

  • Admin
  • 2016.12.20 00:14

The Federal Government has secured $150m from the World Bank for the solid minerals sector support and economic diversification. The Minister of Mines and Steel Development, Dr. Kayode Fayemi, disclosed…

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Passengers stranded as workers shut down Arik Air operations

  • Admin
  • 2016.12.20 08:12

Aviation unions on Tuesday shut down the operations of Arik Air, leaving hundreds of the airline’s passengers stranded across the country. The strike was embarked upon by the National Union of Air Transport…

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CBN Seeking End to Spread Between Interbank, Parallel FX Rates’

  • Admin
  • 2016.12.21 00:21

The Central Bank of Nigeria (CBN) will try to eliminate the spread between the official and black market exchange rate against the dollar, the Minister of Finance, Mrs. Kemi Adeosun said on Tuesday. The…

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The long-awaited rice will be on sale from today. It will sell for N12,000 per bag of 50kg. The 25kg goes for N6000.

  • Admin
  • 2016.12.22 01:26

The price is expected to force down the price of imported price, which goes for at least N18,000 per bag. Governor Akinwunmi Ambode and his Kebbi counterpart, Alhaji Atiku Bagudu described the venture…

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Nigeria asks air passengers for patience amid jet fuel shortage

  • Admin
  • 2016.12.22 01:58

But a Lagos-based fuel trader said jet fuel shortages would probably continue until January. Nigeria is trying to import more jet fuel but air travellers tired of delays must be patient as a shortage…

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How i slept with dogs for money

  • Admin
  • 2016.12.23 02:40

How I slept with dogs in Lagos for money – 26-year-old lady reveals The social media went agog on Wednesday over the news of a certain lady who claimed she had sex with dogs in Lagos State for money.…

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MTN pays N80bn to FG of the N330 billion fine imposed

  • Admin
  • 2016.12.27 00:13

The Federal Government says MTN had paid N80 billion of the N330 billion fine imposed on it for failing to deactivate more than five million unregistered SIM cards.This means that the telco is still owing…

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We've no relationship with Heritage Capital - Heritage Bank

  • Admin
  • 2016.12.29 01:29

Heritage Bank says it has no business relationship or association with Heritage Capital Market Limited, which was recently suspended by the Securities and Exchange Commission. The SEC had suspended Heritage…

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Custom agents oppose vehicle importation ban

  • Admin
  • 2016.12.29 01:34

More than 500,000 Nigerians may lose their jobs at Seme border if the ban on importation of vehicles through land borders comes into full effect. The Association of Nigerian Licensed Customs Agents disclosed…

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CBN Sells $1bn To Help Clear Backlog In Biggest Dollar Sale

  • Admin
  • 2016.12.30 00:04

The Central Bank of Nigeria (CBN) sold about $1 billion on the forward market last week to clear a backlog of dollar obligations in selected sectors, traders said yesterday, its largest special auction…

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I Want NCPC To Run Efficiently

  • Admin
  • 2016.12.30 00:17

The Nigerian Christian Pilgrims Commission (NCPC) has embarked on a kind of revolution aimed at repositioning the agency and making the youth more productive and the annual pilgrimage to the holy land…

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MMM to unfreeze account January 14

  • Admin
  • 2017.01.03 10:39

Popular Ponzi money doubling scheme, Mavrodi Mondial Moneybox, MMM, has assured participants that their accounts will be unfrozen on January 14. This was a resolution reached at a meeting with one of…

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Tinubu, Dantata, Ogar, Cole win crude oil contract

  • Admin
  • 2017.01.05 05:33

The Nigerian National Petroleum Corporation, NNPC, yesterday, announced that Wale Tinubu’s Oando, Toye Cole’s Sahara Energy Resources, Sayyu Dantata’s MRS Oil and 36 other companies are winners of the…

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Nigeria's second busiest airport to shut for 6 weeks

  • Admin
  • 2017.01.06 14:31

The main airport serving Abuja will be shut down for six weeks starting March 8 so that its dilapidated single runway can be repaired. The airport is the second busiest in Nigeria, handling more than…

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Arik Air keeps passengers waiting in Kaduna Airport for four days

  • Admin
  • 2017.01.07 10:23

Several passengers, including children, were stranded at Kaduna International Airport since on Tuesday following the failure of Arik Airlines to airlift them as scheduled. Some of the disappointed passengers…

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N9.7 Trn Accruals from returned Oil Wells ; Abia State to launch Investigation

  • Admin
  • 2017.01.09 00:54

Amidst claims and coun­ter-claims over the re­turn of 42 oil wells from Rivers State to Abia State and the purported withholding of N9.7 trillion accruals from the wells by the Federal Government, the…

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MMM adopt bitcoin as new currency for payment

  • Admin
  • 2017.01.09 01:39

Ahead of January 14 when the pop­ular ponzi scheme, MMM is expected to lift suspension on payment of participants, the operators of the scheme have intro­duced Bitcoin as its cur­rency for payment. Bitcoin…

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Emirates cancels flight after snake was found in plane

  • Admin
  • 2017.01.11 02:05

A Dubai-based airline, Emirates, on Monday said one of its flights from Muscat, Oman, to the UAE was cancelled the previous day after a snake was spotted slithering in the cargo hold. It added that no…

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Kia joins Elizade, Cosharis in used car business

  • Admin
  • 2017.01.11 02:48

Until recently, the used vehicle business in Nigeria used to be a debasing one; the market was mainly for the organised dealers who were considered not financially strong enough to venture into new vehicle…

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Senate rejects ban on land border car importation

  • Admin
  • 2017.01.12 02:18

The Senate yesterday reviewed the Federal Government’s ban on the importation of vehicles through the land borders and described it as an anti-people policy that can further impoverish the citizens. Consequently,…

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MMM Nigeria returns 24 hours before promised date

  • Admin
  • 2017.01.14 06:58

Mavrodi Mondial Moneybox (MMM) in Nigeria has announced that they are open for business, a day earlier than the promised date, January 14, 2017. A ‘freeze’ was put on the ponzi scheme in December 2016.…

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Buyers Shun auto market due to price hike

  • Admin
  • 2017.01.15 02:15

The various policies of the federal government aimed at boosting economic activities at the nation’s ports and by extension, earn higher revenue for the government are clearly having negative impacts…

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I make more than N3m monthly on sex toys - Bisi Ibidapo Obe

  • Admin
  • 2017.01.15 03:15

In the midst of the biting economic crisis facing many Nigerians, forcing many to go as far as committing suicide, a sub-sector of the Nigerian economy is booming. That sector is the sex toy market. In…

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Dealers want FG to reduce Customs duties

  • Admin
  • 2017.01.16 05:28

Some car dealers in Abuja have called on the Federal Government to reduce customs duties of imported cars and to formulate policies to encourage Nigerians to patronise locally-assembled vehicles. The…

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Sacked Heritage Bank workers ‘adequately compensated’ – Official

  • Admin
  • 2017.01.18 01:08

Heritage Bank has said that staff affected by the recent mass sack at the bank were “adequately compensated.” Fela Ibidapo, the bank’s spokesperson who stated this in a release posted on the bank’s website…

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CBN bars banks from bitcoin, virtual currencies

  • Admin
  • 2017.01.18 01:16

The Central Bank of Nigeria (CBN) has barred deposit money banks and all other financial institutions from the operation of any form of virtual currency. The warning by the apex bank yesterday was contained…

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MMM Nigeria begin payment, Nigerians confirm

  • Admin
  • 2017.01.20 07:43

MMM Nigeria has started paying outstanding mavro to participants of the scheme. A fortunate participant who was paid had this to say ; “One of the accounts I manage for a friend finally got paid. She…

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Wema Bank Launches Mobile Branch

  • Admin
  • 2017.01.23 01:17

As part of efforts at making banking convenient for its customers and Nigerians in general, Wema bank has launched a new mobile branch “Wema Bank on Wheels” that will be accessible to everyone in all…

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Dana Air launches low fares for Valentine

  • Admin
  • 2017.01.28 15:45

Dana Air has launched a valentine campaign which will afford customers the opportunity to fly for less when they book a return ticket on any of its routes. The airline made the announcement in a statement…

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Exposed evidence of huge corruption in CBN

  • Admin
  • 2017.01.31 01:55

The Central Bank of Nigeria (CBN) has been implementing a questionable, and possibly corrupt, policy in its allocation and sale of foreign currency to Nigerians, Leadersng reports. Documents reveal the…

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Trump’s travel ban causing confusion among airlines - IATA

  • Admin
  • 2017.02.03 02:23

The International Air Transport Association (IATA), has sought clarity from the United States Government, over the executive order recently enforced by President Donald Trump, restricting citizens from…

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Capri-Sonne excites children with fun alarm promo

  • Admin
  • 2017.02.04 04:58

In an effort to reinforce its leadership of the fruit juice market for children, Capri-Sonne, has launched a national consumer promotion tagged ‘Fun Alarm Promo.’ The promo gives opportunities to win…

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Seme Customs command generates N594.1m in January

  • Admin
  • 2017.02.04 12:54

The Seme Area Command of the Nigeria Customs Service (NCS) has generated N594.1 million in January 2017. The Chief Public Relations Officer of the Command, Mr Selechang Taupyen, stated this in a statement…

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Uncertainty over Buhari’s health takes toll on investments, naira

  • Admin
  • 2017.02.06 21:36

The uncertainty surrounding the health status of President Muhammadu Buhari is beginning to affect fiscal performance and put pressure on investors to make key decisions. Already, stakeholders and operators…

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NAFDAC denies registering 'Indian garri'

  • Admin
  • 2017.02.22 01:49

The National Agency for Food and Drugs Administration and Control, NAFDAC, Tuesday, said contrary to reports, it did not register the ‘Indian garri’ that was reportedly being sold in the Nigerian market.…

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Pay duties on imported vehicles by April 12 - Customs

  • Admin
  • 2017.03.03 01:53

The Comptroller-General of Customs, Col. Hameed Ali (retd.) has approved a grace period of one month, which will end on Wednesday April 12, 2017, for owners of all vehicles whose Customs duties have not…

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Lil Kesh dump music for business

  • Admin
  • 2017.07.06 14:25

Nigerian rapper & YAGI boss, Keshinro Ololade, popularly known by his stage name Lil Kesh, in a video that has left fans confused says he’s done with music and would be venturing into business. The 22-year-old…

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