Monday, December 11, 2017

Oil & Gas: Workers threaten nationwide strike from Dec. 18

The Petroleum and Natural Gas Senior Staff Association of Nigeria has on Thursday threatened to embark on a nationwide strike. PENGASSAN said in a statement that the issuance of a seven-day ultimatum to the Federal...

PenCom set to increase retirees’ pensions this month

The National Pension Commission is set to raise the pensions of retirees who opt for programmed withdrawal and would be paid by the Pension Fund Administrators this month. The Acting Director-General, National Pension Commission, Aisha...

Adeosun suspends SEC DG, Gwarzo, two others over corruption allegations

The Minister of Finance, Mrs. Kemi Adeosun, on Wednesday announced the suspension of the Director-General of the Securities and Exchange Commission, Mounir Gwarzo, and  two other management staff members of the commission over allegations...

N-Power: FG to employ additional 300,000 graduates, says Osinbajo

The Federal Government through its social investment scheme, N-Power, plans to hire another 300,000 graduates, in addition to over 200,000 people already employed, Vice-President Yemi Osinbajo has said. According to Osinbajo, the government would use...

The Hottest Money Making Secret

The simplest money making secret has recently been discovered, as it is now a fact that most big names, such DANGOTE, OTEDOLA, ADENUGA make money not only by working hard - but by...

Economy: Recession, blessing in disguise, says Adeosun

The federal government of Nigeria has described the recent recession experienced by the country as a blessing in disguise. Minister of finance in an article circulated among media houses on Sunday was optimistic that “not...

Oando crisis worsens, firm suspended on Johannesburg Stock Exchange

The Johannesburg Stock Exchange, JSE, on Thursday suspended trading in the shares of Nigerian oil company, Oando. The suspension came after an order by Nigeria’s Securities and Exchange Commission, SEC, prompted the Nigerian Stock Exchange,...

Oil sells at $57.8 over fears of new Iran sanctions, Iraq conflict

Oil markets jumped on Monday on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq. An explosion at a U.S. oil rig and reduced exploration activity also supported prices there. Brent...

Central Bank Governor wins Forbes Achievement Award

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has won the  Forbes 2017 ‘Best of Africa Achievement Award’ The Chief Executive Officer, Corporate Council on Africa, Florizelle Liser, said Emefiele merited the...

IMF warns Nigeria, others over rising foreign debts

The International Monetary Fund has warned Nigeria and other oil-exporting countries over rising foreign debts, saying there is a need to make external borrowings sustainable. The Fund, however, commended Nigeria for the recent reforms aimed...

Dangote clashes with Tanzania’s ‘Bulldozer’

Africa's richest man Aliko Dangote has criticised Tanzanian President John Magufuli for scaring away foreign investors, reports the Financial Times. Mr Dangote highlighted a plan to allow the government to take 16% of an investor’s...

KPMG fights to save reputation after controversial empire business audit

International audit company KPMG is frantically trying to salvage its reputation in South Africa. And it's proving hard work, reports say. The top management has already been cleared out, and an independent investigation launched, but...
Uber

London: Uber to lose licence to operate

The London transport authority has said it will not renew the app-based taxi service, Uber's operating licence. In a statement, Transport for London highlighted a number of alleged failings linked to passenger safety. These include how...
Naira-Dollar exchange rate

FOREX: Naira drops as market anticipates dollar supply

The naira has weakened further in value to 369 per United States dollar on the back of waning supply of the greenback in the foreign exchange market. Although the external reserves have reportedly hit $33bn,...

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