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Monday, February 19, 2018
Business

Business

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The World Bank has said that the number of internet users globally had more than tripled within this decade, from 1billion in 2015 to about 3.2billion by the end of 2015. The World Bank disclosed this in its Report for...
About  15 persons have been  confirmed dead in Emago/Kugbo community in Abua/Odual Local Government Area of Rivers State, following the recent oil spill that occurred in the area, at one of the facilities of Nigerian Agip Oil Company (NAOC)....
Some global billionaires are seeing their wealth explode dramatically, and Nigeria’s Aliko Dangote is not left behind. On Thursday, Jeff Bezos, CEO of the world’s largest online retailer, Amazon, saw $3.3 billion added to his wealth, following his company’s impressive...
President Muhammadu Buhari has warned telecommunication companies operating in Nigeria against placing their desire for huge profits above the security needs of the country. Buhari gave the warning in Abu Dhabi, the United Arab Emirates (UAE) on Tuesday while interacting...
The Nigerian Communications Commission on Monday said it would sanction 13 telecommunications operators for failing to comply with the  ‘2442 Do Not Disturb (DND)’ directive on unsolicited telemarketing. According to a statement signed by the NCC’s Director of Public Affairs,...
Nigeria’s first indigenous telecommunication company, Globacom has sacked 54 power engineers across the country. “This serves to inform you that your services are no longer required by Globacom Limited,” content of the sack letter published by The Cable reads. “Consequently, you...
Nigeria’s foreign exchange reserves decreased to $27.8 billion in February from $28.2 billion in January, according to figures obtained from the Central Bank of Nigeria (CBN) at the weekend. Foreign exchange reserves in Nigeria averaged $10.29 billion from 1960 until...
Former president, Goodluck Jonathan has reacted to the report that he was among the past Nigerian leaders who wasted over N11tn on electricity. The Socio-Economic Rights and Accountability Project, SERAP, had on Wednesday disclosed how over N11 trillion meant for...
The Federal Executive Council on Wednesday approved the contract for the engineering work of the Mambilla Hydro Electric Power Plant in Taraba State in the sum of $5.792bn. The Minister of Power, Works and Housing, Mr. Babatunde Fashola (SAN), disclosed...
Emirates has once again topped the industry with its wins at the Business Traveller Awards 2016 last night, taking home the coveted ‘Best Airline Worldwide’ title, and two further awards including Airline with the Best Economy Class, and Airline...
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