Just in: Confusion as MMM denies crash, says only on hold between December 12 and January 12
Contrary to earlier breaking news today (Tuesday) announcing the freezing of Mavrodi Mondial Moneybox, otherwise known as ‘MMM’ in Nigeria, the operators in the last few minutes has reacted denying reports that the alleged Ponzi scheme has crashed. In a…
Subscribers hail NCC over ease of 2442 short code to stop unsolicited sms, calls
More subscribers who have used the 2442 short code to stop the disturbances of unsolicited sms and calls have expressed happiness for the regulatory ingenuity of the Nigerian Communications Commission (NCC). In a Vox Pop carried by a team of…
TD moves majority of transactions online from next year
Pioneer indigenous ICT device marketing and international reseller franchise holders, Technology Distributions “TD”, have perfected plans to move majority of its transactions to online from next year as part of business consolidation. Explaining the emerging reforms, Mrs. Chioma Ekeh, chief…
Do away with propensity of importing what can be produced locally—Dangote
The President of Dangote Group, Alhaji Aliko Dangote has given fresh antidote to the prevailing recession, saying the best bet is for Nigerians to do away with importing what can be produced locally. He said, only this will halt the…
NB empowers 30 entrepreneurs in S/East with N250,000 each
The Nigeria Breweries has added new life to the budding businesses or about 30 entrepreneurs in South East. The scheme coming on the heels of its Life Continental Lager Beer presented the selected startups with cheques of N 250,000 each…
Oil prices may hit $61 on global output cut deal this week
Oil prices shot up over four per cent to their highest level since 2015 early on Monday after OPEC and other producers over the weekend in Vienna reached first output cut deal since 2001. They jointly reduced output in order…
FG target $42.5 pb for 2017 budget as aviation fuel crisis deepens in Nigeria, Ghana
The Minister of State for Petroleum, Dr. Ibe Kachikwu has given signal that the 2017 budget may be based on $42.5 per barrel even as oil price is heading towards $60pb. Besides, there are palpable fears over current fuel shortage…
848 out of 2,258 vessels in oil, gas sector Nigerian-owned—NCDMB
The Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB), Mr Simbi Wabote has disclosed that more Nigerian operators are gradually gaining entry into the nation’s oil and gas maritime navigation sub sector. Speaking in Lagos Monday, he said…
Poor adoption, over-fragmented agency network frustrating mobile money in Nigeria
Two killer factors of mobile money have been exposed in Nigeria. They are low adoption and highly fragmented agency network. This was revealed by Emmanuel Okoegwale, principal associate, Mobilemoney Africa who spoke in an interview saying “e-wallet and mobile money…
