The Federal Government has announced the arrest of 210 suspects in its efforts to combat crude oil theft in the Niger Delta. The Minister of Information and Culture, Lai Mohammed, gave the figure on Friday in Port-Harcourt after undertaking an aerial assessment of some hotspots along the Right of Way of the Trans-Niger Pipeline. The…
Oil prices fell on Friday amid demand fears fuelled by rising interest rates and a stronger dollar. Brent crude, global oil benchmark, fell 3.10 percent to $87.81 a barrel at 12.37 GMT+1 — first time since January 2022 US West Texas Intermediate also fell over 3 percent to $80.64 a barrel. The development came as…
Phase one of the launch will cover certain parts of Lagos and Nigeria The historic launch is set to provide *consumers and enterprises with innovative 5G applications Ericsson (NASDAQ: ERIC) and MTN Nigeria have reached a historic milestone with the successful launch of 5G services. This landmark deal is the result of a fruitful collaboration…
Prudential Zenith Life Insurance Limited (“PZL”) has announced its audited financial results for the year ended 31st December 2021, recording a 75% growth in profit after tax (PAT) of ₦1.13b compared to the ₦646m recorded in the corresponding period in 2020. The results, which was approved by the Board of Directors of Prudential Zenith and…
…impacts over 700,000 pupils, 1,665 primary schools across Nigeria other necessary materials. It also offered academic rewards for the Best Students through Lafarge Africa National Literacy Competition to reward best students in the Country. Confirming the educational interventions extended to the communities, Mr. TajudeenAkintokun a resident of one of the host communities in Ewekoro, Ogun…
Who should corporate responsibility and sustainability lessons be taken from? Some companies are still unclear about the concept but latching onto the sustainability mantra anyway, because it has become a marketing buzzword for business? Or a company through whose creed and deeds, over the many decades it has been around, people can see corporate responsibility…
First Bank of Nigeria Limited has announced that it will host the Financial Markets Dealers Association’s (FMDA) quarterly meeting scheduled for 5pm on Friday, 16 September 2022, at Federal Palace Hotels, Victoria Island, Lagos. The event themed “Nigeria Macroeconomic Developments and Outlook: IMF View” will have itskeynote address delivered by Ari Aisen, IMF Resident Representative for Nigeria. In…
The federal government says it will penalise foreign airlines selling tickets to Nigerians in dollars, insisting that such practice is a violation of Nigerian laws. Hadi Sirika, minister of aviation, disclosed this to state house correspondents after the federal executive council (FEC) meeting. The meeting was presided over by President Muhammadu Buhari at the presidential…
Mobile money operator, MoMo Payment Service Bank, has announced popular comedienne, Anita Asuoha, popularly known as ‘Real Warri Pikin’, as its first brand ambassador. A statement said the unveiling took place at the MoMo PSB headquarters in Lagos. According to the statement, Asuoha is expected to use her popularity among members of the unbanked and…
