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20:36 7 biggest political fights that have caused tension in Nigeria

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  • Etisalat Nigeria taken over by Access Bank, others

    June 20, 2017 11:38 AM 21

    Some banks have now taken over the management of telecommunication company, Etisalat Nigeria. The Banks, led by Access Bank PLC and other local and foreign banks have taken over the telecommunication company effective June 15. The take-over came as a result of a futile effort by Emerging Markets Telecommunications Services, EMTS, promoted by-one time Chairman

  • How NITDA Wants To Ensure IT is Not Used As Conduit To Siphon Public Funds

    June 20, 2017 10:11 AM 15

    The National Information Technology Development Agency (NITDA) partners the Economic and Financial Crimes Commission (EFCC) to rid corruption from Nigeria’s IT sector. To ensure IT is not used as a conduit for siphoning public funds and the justification of government funds spent on IT projects by MDAs in Nigeria. The partnership was disclosed by the Director

  • Etisalat Nigeria loan restructuring talks fail as lenders step in

    June 20, 2017 8:05 AM 19

    LAGOS/ABU DHABI Etisalat has been instructed to transfer its 45 percent stake in Etisalat Nigeria to a loan trustee after debt restructuring talks with lenders failed, the Abu Dhabi telecoms company said on Tuesday. Etisalat Nigeria had been in talks with Nigerian banks to restructure a $1.2 billion loan after missing repayments but those discussions

  • SON seizes N8bn fake made-in-China electrical cables

    June 20, 2017 3:22 AM 15

    The Standards Organisation of Nigeria, SON, yesterday, seized fake electric cables worth over N8 billion from two warehouses located in Etegbin town, Otto-Awori, Ojo Local Government Area of Lagos State. The organisation’s Director of Inspectorate and Compliance, Bede Obayi, who led the raid on the warehouses, disclosed that the importers, who operates

  • Emefiele: It’s time for all Nigerians to own homes

    June 19, 2017 2:00 PM 11

    Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says Nigerians who wish to own homes through mortgage financing can now do so. Speaking at the launch of ‘My Own Home Scheme’, an initiative of the CBN in collaboration with its partners, in Abuja on Monday, Emefiele, who was represented by Tokunbo Martins, director banking supervision

  • Nigeria engages international investigating company to catch tax evaders

    June 17, 2017 6:45 AM 17

    Finance minister Kemi Adeosun has said the Federal Government has acquired the services of an international investigation agency to trace Nigerian money being transferred out of the country to different parts of the world. Adeosun revealed this while delivering a keynote address at the Nigerian Stock Exchange-Bloomberg CEO roundtable in Lagos. The minister

  • Osinbajo: Our refineries don’t work because they are owned by government

    June 16, 2017 8:05 AM 17

    “There are those who are saying we need to deregulate fully. Why are they saying that, it is because if we do not deregulate it will not be cost effective for those who are producing petrol to sell. “At the same time, if you deregulate completely, prices of everything else are going to go up. So there are those complications, meaning we’ve got to moderate

  • Infinix Mobility launches exclusive stores in 7 cities nationwide

    June 15, 2017 7:18 PM 14

    Assuring to give customers the exclusive Infinix experience with an all Infinix products and accessories store, the exclusive stores, according to the company are located in Lagos, Asaba, Owerri, Enugu, Warri, Uyo and Benue. As Infinix continues to give consumers the best experience with its smartphones, the brand has been innovative about bringing about

  • Recession: Julius Berger records N3.8bn loss in one year

    June 15, 2017 2:19 PM 11

    This represents a 256.4 percent decline compared to a profit after tax of N2.4 billion gained in 2015. Addressing shareholders at the company’s 47tth company’s Annual General Meeting (AGM) in Abuja, Julius Berger Board Chairman, Mr. Mutiu Sunmonu reflected on operating business environment, which he described as the worst year in three decades

  • NNPC yet to account for $15.8bn

    June 15, 2017 8:35 AM 9

    - The unremitted $15.8bn is dividends the NNPC received from the Nigeria Liquefied Natural Gas company (NLNG) The Nigeria Extractive Industries Transparency (NEITI) has once again lambasted the Nigerian National Petroleum Corporation (NNPC), accusing it of not remitting to the federation account the sum of $15.8bn dividend it received from the Nigeria