Business and Economy

By Edith Ike-Eboh Abuja, Nov. 18, 2019 The Petroleum Products Pricing Regulatory Agency (PPPRA) said that the current open price market of the Premium Motor Spirit (PMS) also known as Petrol as at Nov. 15 was N163.68. The Agency disclosed this in its Petroleum Products Pricing Template released on its …

Following the order of Hon. Justice Chuka Austine Obiozor of the Federal High Court, Lagos, the Asset Management Corporation of Nigeria (AMCON) has taken over two properties belonging to Hon. Ademola Seriki, in Lagos and Abuja over an outstanding staggering indebtedness of nearly N1billion. The case between AMCON and Seriki, who was a former Minister …

 Africa Chair for IEEE-World Forum on Internet of Things (IoTs), Dr. Chris Uwaje has boldly de clared that foremost e-Commerce giant, Konga will beat the record for the biggest single day sales in the near future.  Uwaje, popularly addressed as the Oracle of the Nigerian Information Technology industry, made this …

By Yunus Yusuf Lagos, Nov. 17, 2019 Air Peace Airline says it has signed a contract with Embraer for three additional E195-E2 aircraft, worth $212.6 million. The company said in a statement on Sunday in Lagos that the contract confirmed the purchase rights from the original contract signed in April. …

By Chijioke Okoronkwo Port Harcourt, Nov. 17, 2019 Vice President Yemi Osinbajo says some key principles for a nation to achieve greatness include righteousness, service and diligence, hardwork and planning as well as time consciousness. Osinbajo made this known on Saturday at the Redeemed Christian Church of God (RCCG) Region …

ABUJA – The Central Bank of Nigeria (CBN), has intervened in the Retail Secondary Market Intervention Sales (SMIS), to the tune of $341.75 million in addition to CNY14.7 million in the spot and short-tenored forwards segment of the inter-bank foreign market. CBN Director in charge of Corporate Communications Department, Mr. …

Governor Muhammad Inuwa Yahaya of Gombe State has promised to offset outstanding debts owed the Federal Airports Authority of Nigeria (FAAN) by the State Government to avert the closure of Gombe Airport. FAAN had notified the Gombe State Government of its resolve to withdraw the services of its aviation security …

The Chairman of the Association of African Maritime Administrations (AAMA) Dr. Dakuku Peterside has stated that intercontinental collaboration is essential to the growth of maritime in Africa. This was as AAMA was recognised by the Seatrade Maritime Awards organisers as an outstanding association driving the growth of maritime on the …

Africa’s largest retail bank, Access Bank Plc., has partnered with the continent’s most innovative and exciting film festival, the Africa International Film Festival (AFRIFF) to sponsor its 9th edition which kicked off on Sunday, 10 November and will run through Saturday, 16 November, 2019. The week-long festival celebrates the diversity …

E-commerce giant, Konga has assured its numerous customers and other stakeholders of its continuous adherence to the highest level of ethical conduct. Giving the assurance in Lagos during a stakeholders’ meeting with merchants under the Konga platform, Co-CEO, Nick Imudia, disclosed that Konga will never deviate from its well-worn path …

By Kingsley Okoye Abuja, Nov. 12, 2019 President of the Senate, Dr Ahmad Lawan, said on Tuesday that the National Assembly was working towards the passage of the 2020 Appropriation bill on Nov. 28. To achieve the target date, Lawan, during plenary mandated the Senate Committee on Appropriations, to submit …

By Shuaibu Tatu Birnin Kebbi, Nov. 10, 2019 Gov. Atiku Bagudu of Kebbi on Sunday commended Dangote Group for setting up a rice mill in the state, saying it would create employment and boost the economy. Bagudu who visited the factory site at Saminaka in Shanga Local Government Area of …

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit in the Federal High Court, Abuja “seeking leave to apply for judicial review and an order of mandamus to direct and compel President Muhammadu Buhari, Senate president Ahmed Lawan, and Speaker of the House of Representatives, Femi Gbajabiamila to disclose …

Bargain-hungry Nigerians have besieged the new Konga retail store located at Saka Tinubu, Victoria Island, Lagos for a taste of the pre-Konga Yakata shopping experience. The crowd which came out in their numbers were eager to be the first to get their hands on the amazing price slashes and discounts …

  By Peter Ejiofor Lagos, Nov. 8, 2019 Nestlé Nigeria Plc has announced its financial results for nine months period ending Sept. 30, 2019. The financial results made available to the News agency of Nigeria (NAN) on Friday in Lagos, showed that for the period January to September 2019, the …

Founder/Chairman, Zinox Group, Dr. Leo Stan Ekeh will be Chairman at the presentation of two books by Dr. Emeka Osuji on Friday, November 8, 2019. The event, holding at the Nigerian Institute of International Affairs, NIIA, Kofo Abayomi Street, Victoria Island, Lagos, starts at 11 am prompt and has as …

All is set for the commencement of the 2019 edition of Konga Yakata, the much-anticipated Black Africa sales of foremost e-commerce giant, Konga. The massive discount sales kick off on Monday, November 11, 2019; a day which coincides with the globally celebrated Singles Day sales popularized by China’s retail giant, …

The Minister of Aviation, Senator Hadi Sirika, Thursday said that the Federal Government has mobilized the contractor (PW) handling the reconstruction and rehabilitation  of the runway and other facilities in the Akanu Ibiam International Airport, Enugu, to site, preparatory to commencement of work. It will be recalled that the Enugu airport …

The Acting Chairman of the Economic and Financial Crimes EFCC, Ibrahim Mustafa Magu on Wednesday, November 6, 2019 disclosed that a Diaspora information desk would soon be established in the Commission that would be dedicated to addressing issues and matters that affect Nigerians in the Diaspora. Magu, who disclosed this …

By Edith Ike-Eboh Abuja, Nov. 5, 2019 The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), says the corporation saved more than three billion dollars from arbitrations. Kyari made this known in a statement signed by Mr Samson Makoji, the acting spokesman for the corporation in Abuja …

President Muhammadu Buhari has approved the appointment of Dr (Mrs) Sarah Omotunde Alade, as Special Adviser to the President on Finance and the Economy, domiciled in the Ministry of Finance, Budget and National Planning. Dr. Alade, who holds BSc (Economics) and PhD in Management Science (Operations Research), retired from the …

  I see a growing similarity between The Redeemed Christian Church of God (RCCG), one of Nigerian’s biggest Pentecostal churches, and Konga, Nigeria’s foremost composite e-commerce giant in their mode of operations. In Nigeria today, there is hardly any street where one cannot find a branch of RCCG. The church has …

Following the success of the maiden edition, Nigeria’s leading financial institution, Zenith Bank Plc is set to ignite Lagos with the second edition of its highly anticipated Lifestyle Fair, “Style by Zenith 2.0”, which holds from Friday, November 29 to Sunday, December 1, 2019. First launched in 2018, the “Style …