Tuesday, December 12, 2017

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...

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...

NNPC set to commercialise communication network

The Nigerian National Petroleum Corporation (NNPC) is set to commercialise some of its critical Information Communications & Technology (ICT) infrastructure. This move is in line with its bid to re-focus the Corporation as a commercially...

Airtel may cut operations in Nigeria, 14 other African countries

Citing the need to cut debt and make its biggest overseas acquisition profitable, India’s largest mobile-phone operator, Bharti Airtel Ltd. is considering mergers or stake sales at some of its Africa operations. The Chairman, Sunil...
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...

CBN pumps additional $482.6m into forex market

The Central Bank of Nigeria has sustained its intervention in the inter-bank segment of the foreign exchange market by injecting $482.6 million into the market. The Apex bank says this will protect the value of...

Central Bank of Nigeria retains 14 % monetary policy rate

The Central Bank of Nigeria (CBN) yesterday retained the Monetary Policy Rate (MPR) at 14 per cent.It is the rate at which the CBN lends money to deposit money banks in the country. According to...

Dangote hands drivers over to Customs for conveying contrabands

The transport section of Dangote Cement Ibese Plant has intercepted one of the company’s truck loaded with contrabands in Ibadan, and handed the drivers over to the Nigeria Customs Service for proper investigation and...

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...

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...

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...

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,...

Kano state government approves N200 million for tomato farmers

Kano state government has approved N200 million for tomato farmers to purchase seedlings to contain the tomato virus ‘tuta absoluta’ that ravaged tomato farmers in the state in 2015. The state Commissioner for Information, Malam Muhammad...

Emefiele: CBN’s Policies in Best Interest of Nigerians At This Time

The Governor of Central Bank of Nigeria, Mr Godwin Emefiele, yesterday offered insights into the prevailing economic crisis in the country, explaining that it was caused by the nation’s failure to diversify the base...

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