Shell denies neglect of Kula, Belema towns, restates commitment to GMoU
Pioneer International Oil Company (IOC), the Shell Petroleum Development Company of Nigeria Ltd. operated Joint Venture (SPDC JV), has debunked allegations of neglect of communities in Kula kingdom, and Belema in Rivers State, insisting that it had implemented a Global…
NNPC, marketers douse fears of fuel price hike
To douse fears of possible increase in the pump price of Premium Motor Spirit (PMS), popularly known as petrol, the Nigerian National Petroleum Corporation (NNPC) and marketers in the downstream oil sector have said there are no plans for that…
Adenuga thanks Nigerians, assures nationwide 4G data services as Glo turns 14
Founder and chairman of Globacom, Dr. Mike Adenuga Jnr., in Lagos on Monday thanked all Nigerians and business partners for assisting him to drive the vision and dream he enacted and launched in 2003 which he said has today, become…
Niger State: Dangote to pump $450m in 3-year commercial farming drive
Barely one week after sealing a multibillion naira deal with government of Kano State in building solar power plant to run industries, leading African industrialist and President, Dangote Group, Alhaji Aliko Dangote, on Monday revealed new investment plan worth $450m…
Ibadan on fire as EFCC nabs over 100 undergraduates for internet frauds
A scenario that can be interpreted to mean that Ibadan, the Oyo State capital may have taken over Lagos in terms of internet frauds and associated crimes has emerged. On Monday, the Ibadan office of the Economic and Financial Crimes…
Two banks collapse in Ghana as BoG revokes licences of UT Bank, Capital Bank
The Bank of Ghana (BoG), otherwise, the Ghanaian central bank on Monday announced the revocation of the licences of UT Bank Ltd and Capital Bank Ltd. In a statement, BoG made it clear that “This action has become necessary due…
Abolition of confidentiality clause in accounting’ll end corruption— ICAN president
New president of the Institute of Chartered Accountants of Nigeria (ICAN) and Managing Partner of Ahmed Zakari & Co, Mallam Isma’ila Zakari has argued that with the abolition of the confidentiality clause in the new international accounting standard already adopted…
Interest rate anxiety heightens as DMBs agree to drive N26bn support for SMEs
Though Nigerian Deposit Money Banks (DMBs), had announced setting up of business review committee to oversee the disbursement of N26 billion equity funds for the Small and Medium Enterprises (SMEs), business development analysts are divided on the true colour of…
Twist as LCCI picks holes on NASS over N30tn probe of 63 leading firms
More divisions are still emerging on the best way to handle the trending N30tn infractions allegedly perpetrated by some number of highly respected firms operating in Nigeria. The latest voice is coming from the leadership of the Lagos Chamber of…
Why Lafarge is driving COREN collaboration on concrete mix design manual
Leading building solutions provider, Lafarge Africa Plc has explained why it partnered the Council for the Regulation of Engineering in Nigeria (COREN) in the research and development of Nigeria’s first concrete mix design manual. Recall that the group was the…
