Modular Refineries To Be Commissioned By December – Ibe Kachikwu

Modular Refineries To Be Commissioned By December – Ibe Kachikwu

Minister of State for Petroleum Resources, Dr Ibe Kachikwu on Wednesday in Kwale, Delta State, said two modular refineries will be completed and commissioned by December this year. The refineries, to located in Rivers and Delta states, are among the...
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Glo Introduces Glo 2 Submarine Cable For High Speed Data And Browsing

Glo Introduces Glo 2 Submarine Cable For High Speed Data And Browsing

In line with its status as the game changer in telecommunications services provision in Nigeria, Globacom limited has again taken another step towards the transformation of the ICT landscape in Nigeria with the construction of a multi-billion naira optic fibre...
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TECNO Mobile To Set Up Assembly Plant In Nigeria

TECNO Mobile To Set Up Assembly Plant In Nigeria

Having established a smartphone assembling plant in Ethiopia, serving the African markets for TECNO brand, the mobile phone manufacturer may consider establishing a second plant in Nigeria. The idea to establish smartphone assembling plant in Nigeria is coming...
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Konga, Yudala Announces Merger

Konga, Yudala Announces Merger

Konga, Nigeria’s online mall, and Yudala, Africa’s pioneer composite e-commerce company, have officially announced a merger of their operations effective May 1, 2018. The merger will see both companies operate under the Konga brand name. At an event to ann...
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NNPC, Shell, Others To Invest $25.3b In Oil, Gas Upstream

NNPC, Shell, Others To Invest $25.3b In Oil, Gas Upstream

Capital expenditure into oil and gas upstream in Nigeria will hit $25 billion in the next three years.A research body, Globaldata, revealed that the country would add at least $8.4 billion per year on 249 oil and gas fields from...
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SIM Fine: MTN Pays N165bn Out Of N330bn – NCC

SIM Fine: MTN Pays N165bn Out Of N330bn – NCC

The Nigerian Communications Commission ( NCC ) said that MTN has paid N165 billion out of the N330 billion fine imposed on it due to its inability to disconnect improperly registered SIM cards. Prof. Umar Danbatta, Executive Vice Chairman of...
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Telecom Operators Give Reasons For Network Interruption

Telecom Operators Give Reasons For Network Interruption

Telecom operators on Saturday blamed intermittent interruptions on network on vandalism of base stations, destruction of optic fibre, high forex and shutting of base stations by government agencies. The President of Association of Telecom Companies of Nigeria ...
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Dangote Faults Kenya Leaders Over Corruption

Dangote Faults Kenya Leaders Over Corruption

Africa’s richest man Aliko Dangote has faulted Kenya’s leadership for their greed and persistent failure to place matters of national interest first when it comes to development. Speaking to a renowned Kenyan journalist Jeff Koinange, he shelved his plans ...
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Youtube Office Shooting: Female Suspect Dead, Three Others Injured

Youtube Office Shooting: Female Suspect Dead, Three Others Injured

Gunshots erupted at YouTube’s offices in California Tuesday, sparking a panicked escape by employees and a massive police response, before the shooter — a woman — apparently committed suicide. Police said three people had been hospitalized with gunshot i...
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Unemployment Situation In South East,a Ticking Time Bomb-Zinox Chairman

Unemployment Situation In South East,a Ticking Time Bomb-Zinox Chairman

The Chairman of Zinox Group, Leo Stan Ekeh, opined that the unemployment situation in the region is a ticking time bomb, describing it as a social problem of immense ramifications which may see all-inclusive peace elude the nation, if not...
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Konga Appoints Ex-Nokia VP as CEO

Konga Appoints Ex-Nokia VP as CEO

Nick Imudia, a Finland-based Nigerian and former Vice President of Nokia has been appointed Chief Executive Officer (CEO) by the board of Konga, Nigeria’s leading e-commerce giant. Imudia replaces former CEO, Shola Adekoya, who resumes at the Zinox Group hea...
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Sergei Mavrodi, MMM Founder Dies At 62

Sergei Mavrodi, MMM Founder Dies At 62

Russian businessman Sergei Mavrodi, whose MMM pyramid scheme deprived millions of Russians of their savings in the 1990s, has died of a heart attack, according to Russia media. Reports said the 62-year-old was rushed to the hospital late on March...
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Nigeria’s Currency Deal With China Stalls Two Years After Talks

Nigeria’s Currency Deal With China Stalls Two Years After Talks

Two years after the administration of President Muhammadu Buhari announced that the country was in advanced talks with China for a currency swap deal, the scheme has failed to take off. The development now appears like a similar move made...
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Young Entrepreneur Mr AK Abdulrahman bags NHA Entrepreneur of the year

Young Entrepreneur Mr AK Abdulrahman bags NHA Entrepreneur of the year

A young and budding entrepreneur here in Ilorin, bagged the award of entrepreneur of the year of the Nigerian Hype Awards, the young CEO of KAS MALL otherwise known as the mall for all has been in the entrepreneurship world...
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Barclays Africa Group To Acquire Nigerian Bank

Barclays Africa Group To Acquire Nigerian Bank

After dominating Nigeria’s telecom and pay-TV sectors, South African leading lender, the Barclays Africa Group, has announced plans to make a grand entry into Nigeria’s banking industry seeking to increase her market share in Africa. FINANCIAL WATCH gather...
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