Category: Business

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Oando sells 49% stake in midstream unit for N35bn – Punch Newspapers

Oando sells 49% stake in midstream unit for N35bn – Punch Newspapers

Oando Plc, an indigenous energy group, has announced the completion of a $115.8m (N35.3bn) partial divestment of its midstream subsidiary, Oando G...
1989 recession was worse, but Nigeria survived – Fashola

1989 recession was worse, but Nigeria survived – Fashola

Nigeria’s Minister of Power, Works and Housing, Babatunde Fashola, has said that his first contact with recession was in 1989, but pointed out tha...
MMM launches in Kenya, Ghana; Nigerian participants react

MMM launches in Kenya, Ghana; Nigerian participants react

The creation of the Mavrodi Mondial Moneybox (MMM) in Kenya and Ghana, approximately 48 hours after its activities in Nigeria were suspended for a...
FG to plough back N288.6bn recovered loot to fund 2017 budget

FG to plough back N288.6bn recovered loot to fund 2017 budget

The Federal Government on Monday confirmed it will utilize N288.6 billion recovered looted funds to implement the 2017 budget. A breakdown of...
Forbes rates Dangote more powerful than Trump’s VP-elect

Forbes rates Dangote more powerful than Trump’s VP-elect

Aliko Dangote, president of Dangote Group and Africa’s richest man, has been rated by Forbes Magazine as more powerful than Mike Pence, the vice p...
Nigeria’s economy now mortgaged by foreigners

Nigeria’s economy now mortgaged by foreigners

The Director Research, Policy and International Relations Department, Nigeria Deposit Insurance Corporation, NDIC, Mr. Yayangida Umar, has describ...

130 power transmission projects abandoned since 2002 – TCN official – Vanguard News

Dr Atiku Abubakar, Managing Director, Transmission Company of Nigeria (TCN), on Sunday said that about 130 power transmission projects have been aband...

Access clinches ‘Bank of the Year’ award

Access Bank has been awarded the ‘Bank of the Year’ at the 17th annual Bank of the Year awards black-tie dinner in London, UK. The award is the n...
Osun produces 170 Millionaires through Aregbesola’s Poultry Outgrower scheme

Osun produces 170 Millionaires through Aregbesola’s Poultry Outgrower scheme

Osun state under the leadership of Governor Rauf Aregbesola, has said that it has produced 170 millionaires in the last six years through the Osun B...
Unlike MMM, Ultimate Cycler returns, participants demand refund of money

Unlike MMM, Ultimate Cycler returns, participants demand refund of money

Weeks after one of the most popular money doubling schemes worldwide, Ultimate Cycler, allegedly crashed, it has been relaunched. Checks by DAI...
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