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BUSINESS

Sahara Group promotes intra-African collaboration

Leading energy conglomerate, Sahara Group is set to reinforce its call for more intra-African collaboration and investments towards enhancing access to energy on the continent at the Africa Energy Week 2023 scheduled to hold in Cape Town from October 16 – 20. An annual event, the AEW brings together leaders, innovators, and experts in the energy sector to discuss and shape the future of energy in Africa. The 2023 theme […]

todayOctober 16, 2023 73

NEWS

Fleeing driver rams into stationary truck, dies

A yet-to-be-identified driver has reportedly died while trying to escape from being attacked on the Lagos-Ibadan Expressway. The accident reportedly involved one blue Mercedes Benz truck with number plate RBC110XJ and one ash Toyota Sienna car with number plate EKY240HA.

todayOctober 16, 2023 36

NEWS

NAF airstrikes neutralise terrorists in Lake Chad

The Nigerian Air Force on Monday said it neutralised several Boko Haram and Islamic States of West Africa Province terrorists in air strikes on the fringes of Lake Chad in Borno State. The Director, Public Relations and Information, NAF, Air Commodore Edward Gabkwet, made this known in a statement on Monday in Abuja. Gabkwet said the air strikes obliterated the terrorists’ hideouts and destroyed their structures and strategic logistics base […]

todayOctober 3, 2023 81

BUSINESS

NGX sheds 0.29% as Nestle, NASCON suffer losses

The local bourse suffered another day of dip as investors lost N112bn at the close of trading on Thursday. Investors on Wednesday lost N27bn as trading activities slowed as the nation awaited the decision of the Presidential Election Petitions Tribunal. The PEPT affirmed the victory of President Bola Tinubu at the February polls. On Thursday, the market reacted negatively as the amount of loss worsened to N112bn with the market […]

todaySeptember 8, 2023 13

BUSINESS

Solid minerals earnings hit N814bn in 15 years – NEITI

The Nigeria Extractive Industries Transparency Initiative, on Monday, announced that Nigeria’s earnings from the solid minerals sector between 2007 and 2021, a period of 15 years, was N814.6bn. NEITI made this public in its latest 2021 industry report of the solid minerals sector, which was unveiled to stakeholders and lawmakers in Abuja. In the report, the agency also stated that  Nigeria N193.6bn from the solid minerals sector in 2021. The […]

todaySeptember 5, 2023 11

NEWS

Suspend planned two-day warning strike, FG begs Labour

The Federal Government has appealed to the leadership of the Nigeria Labour Congress to shelve its planned two-day warning strike slated to commence on Tuesday. The appeal was made on Monday by the Minister of Labour and Employment, Simon Lalong, in Abuja. He identified the reverse of the gains already made by FG, among others as the reason for the appeal while promising to attend to the contending issues raised […]

todaySeptember 4, 2023 8

NEWS

PICTORIAL: Drama as security aide denies Shaibu access to Obaseki

There was a drama in Edo State Government House as security personnel restrained the deputy governor, Philip Shaibu, from assessing the Governor, Godwin Obaseki at a public function on Sunday. In the viral photos on social media platforms, Obaseki was seen sitting with his wife while the security aide stood in front of him to stop the access at the Interdenominational Thanksgiving Church Service to mark Edo’s 32nd year anniversary, […]

todayAugust 28, 2023 9

BUSINESS

GSK: Experts fear more coys may exit Nigeria

Operators have expressed fears of more foreign companies leaving the country, following the recent announcement of GlaxoSmithKline Consumer Nigeria Plc to shut down its operations in the Nigeria. GSK, a company into research that developed and manufactured innovative pharmaceutical medicines, vaccines and consumer healthcare products, said its parent company, GSK Plc UK, revealed its intention to cease commercialisation of its prescription medicines and vaccines through its Nigerian subsidiary. It would […]

todayAugust 9, 2023 12

BUSINESS

Equity investors record N8bn gain in one week

The bullish trading experienced in recent times on the Nigerian Exchange Limited slowed this past week, recording a gain of N8bn for investors. With market capitalisation ending at N35.994tn previous Friday, trading activities kicked off on a positive note on the NGX, appreciating to N35.539tn on Monday. It went higher to N35.932tn on Tuesday, but suffered a continuous decline in the next three trading sessions, following the announcement of an […]

todayJuly 31, 2023 18

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