Tuesday, March 26, 2019
Business

Business

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The nation’s electricity woes have worsened as generation from its biggest power station, Egbin, plunged to a record low of 172 megawatts on Tuesday, down from 1,085MW on March 15. Eight of the nation’s 26 power plants were idle on...
The Johannesburg Stock Exchange (JSE) has suspended trading in MTN group’s shares, following a loss of N1.048 trillion in its market worth after the Nigerian Communications Commission (NCC) N1.04tr fine. MTN was fined on N1.04tr for failure to disconnect 5.1...
The Presidency yesterday rose in stout defence of Minister of State for Petroleum Resources, Dr. Ibe Kachikwu who at the weekend came under scathing criticism by the National Leader of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu...
Inflow of Foreign Direct Investments (FDIs) into the Nigerian telecom sector has increased to $38 billion over the years and has continued to define the positive side of the nation’s economy. The Executive Vice Chairman (EVC) of the NCC,...
Barclays Africa, the financial adviser handling the sale of 9mobile, Wednesday finally put to rest several media speculations about the actual sale of 9mobile. The financial adviser transmitted an official letter to Teleology Holdings Limited, confirming it as the preferred...
India’s Bharti Airtel is interested to merge its Nigerian arm with 9mobile, formerly Etisalat Nigeria. France’s Orange mobile and United Kingdom’s Vodafone have also emerged as potential bidders for the Nigerian fourth mobile network. The two companies were said to be...
The GTBank Fashion Weekend may seem novel for a financial institution, but it is part of the bank’s long history of supporting the local fashion industry. Foremost African financial institution, Guaranty Trust Bank plc, last week announced the debut of...
In recognition of its position as Nigeria’s leading investment banking institution, Stanbic IBTC has won four awards in different categories in the 2018 Emeafinance African Banking Awards. The diadems: ‘Best Foreign Investment Bank,’ ‘Best Debt House’, ‘Best Equity House’...
Three staff of an online retail outlet, Konga, on Friday appeared before a Yaba Chief Magistrates’ Court in Lagos, for allegedly stealing 500 units of Infinix Hot2 mobile phone valued at N9.6 million. The men, Ibrahim Maradesa; 31, Oluwatoyin Salau;...
Dr. Arikawe Adeolu, a Medical Practitioner at the Federal Medical Centre, Jabi, Abuja, said no medical research has proven that microwave emits harmful substances in food or human body. Adeolu told the News Agency of Nigeria in Abuja on Tuesday...
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