Arik shareholders’ ambush FG, Ethiopian Airlines with N20bn suit over ‘veiled’ takeover
For being left incommunicado upon several media reports flying around on alleged plan between the Federal Government and authorities at Ethiopian Airlines to bundle away their investments in the company, shareholders of Arik Air Limited has filed a N20 billion…
Dangote Cement powers market stocks to N175bn green zone
Thursday stock trading at the Nigerian Stock market saw massive boost in capitalisation as it jumped to N175bn after a 4.74 per cent gain in Dangote Cement Plc to consolidate at the green zone. Whereas Guinness Nigeria Plc topped the…
Fresh insight on why Alison-Madueke ran away since this administration emerges
Contrary to earlier speculations that the former Minister of petroleum Resources, Mrs. Diezani Alison-Madueke had left the country immediately President Muhammadu won the 2015 presidential election on health ground, indications have emerged that her escape was in response to the…
NNPC, ExxonMobil in fresh deal to saturate gas market, boost crude output
Fresh lifeline is underway for increased crude oil production and availability of gas for power generation as the Nigerian National Petroleum Corporation (NNPC) and ExxonMobil upstream joint venture partner have closed a deal that will expand existing operational portfolio. Giving…
Privatisation: Major fault on TCN Afam line 2
Barely three days after the National Council on Privatisation (NCP), chaired by the Vice president, Yemi Osinbajo announced moves to privatise the five lines at Afam Power plant to boost investments and power supply, the Port Harcourt Electricity Distribution Company,…
Give Nigerians broadband, not details of how broadband’ll change their lives, businesses
A cross section of Nigerians who use data on a daily basis for their businesses and personal activities have called on the telecoms regulator, the Nigerian Communications Commission (NCC) to shift emphasis from repeatedly explaining how use of broadband will…
Glo Mega Music Nationwide Tour hits Lokoja, Confluence Stadium Saturday
All is set for the Confluence town of Lokoja, Kogi State capital to go gaga tomorrow Saturday on the account of world-class entertainment as the grandmasters of data, Globacom, lines up seven A-Listers to serenade the residents of the town…
Early MNOs’ investors in Mobile IoT to reap from $1.8tn revenue—-GSMA
Leading global telecoms data group, GSMA has announced that mobile network operators who are able to stir the tide of current global illiquidity and upgrade their networks will be among gainers of an estimated US$1.8 trillion Internet of Things (IoT)…
I have no $1.2m London house as alleged—-Senator Stela Oduah insists
Senator representing Anambra West, Princess Stella Oduah, on Thursday, debunked fresh viral allegation that she bought a $1.2 million house in England while she was Minister of Aviation. While claiming that “it is untrue,” it would be recalled that the…
DMO plans nationwide road show to drive N100bn Sukuk
The Debt Management Office (DMO), on Thursday announced plans to embark on a national road shows beginning with Lagos ahead of issuance of the much awaited N100bn non-interest bearing Sukuk bond. The road show is to create awareness about the…
