NIPOST dumps planned banking services for postal, money orders
…revokes licenses of 14 Courier firms, seals 2 Indications have emerged that the planned transformation of the Nigerian Postal Service (NIPOST) to a digital banking services provider may have been finally jettisoned by the federal government. The agency which is…
Free yourself, appoint full-fledged Petroleum Minister, Sani tells PMB
More dimensions are still emerging on the recent leakage of official petition written to President Muhammadu Buhari by the Minister of State for Petroleum and Chairman of NNPC Board, Dr. Ibe Kachukwu against the excesses and official insubordination of the…
Marginal fields: Interest rate pushing local investors to offshore loans
Prospective local investors wishing to be part of the planned marginal oil fields bid rounds billed for next year, have started making contacts with foreign financial services firms for access to low interest credits. Indications to this emerged from in…
Chevron plans shut down of 2 facilities ahead of Gulf storm
Chevron Corp in the United States has given an indication of shutting its Petronius and Blind Faith facilities ahead of Tropical Depression 16 now at the Gulf of Mexico. The international oil company said from Thursday morning, it will begin…
N100bn free TV distribution network for Nollywood underway—FG
Though he did not give details on the sources of the facility, the Minister of Information and Culture, Alhaji Lai Mohammed, on Thursday disclosed that the Federal Government is set to unveil a N100bn per annum free television distribution network…
ABP: Kebbi youth farmers protest high interests on agric loans
Contrary to federal government’s claims through the Central bank of Nigeria (CBN), that the terms and conditions attached to the Anchor Borrowers Programme (ABP) loan scheme are flexible and seamless, aggrieved youth farmers in Kebbi State, on Thursday, staged a…
Twist as defendants file ‘no-case submission’ on Synagogue building collapse
At the continued hearing of the building collapse case involving Synagogue Church of All Nations (SCOAN) on Thursday, the five defendants in the case have filed a ‘no-case submission’ at a Lagos High Court, Ikeja. It would be recalled that…
Suspend NNPC boss before probing him, experts tell Senate
Experts in corporate governance and anti-corruption have called for immediate suspension of the Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Dr. Maikanti Baru. This stemmed from the resolution passed by the Senate on Wednesday, to set up…
Recapitalisation, debts reecho as ECOWAS power summit begins
The sixth Powering Africa: Nigeria 2017 Summit, with the theme: “Recapitalising Nigeria’s Power Sector,” yesterday kicked off with high expectations that solutions will be proffered in regards to nation’s energy problems. Otherwise, Distribution Companies (Discos) and Transmission Company of Nigeria…
Why Yudala leads in e-Commerce price war
Whereas a recent market survey carried out by leading online, offline device marketing group, Yudala has shown that its prices are far more competitive than others in the market segment; analysts have argued that the feat was not unconnected with…
