Posts in Business
COURT ORDER SEALS NESTOIL HEADQUATERS
Posted on: 28th Oct. 2025 at 6:39PM UPDATE: Nestoil Headquarters Sealed Under Court Possession The Nestoil headquarters located on Akin Adesola Street, Victoria Island, Lagos, has reportedly been sealed under court possession. According to eyewitnesses, the incident…
WHY I SITE MRO IN LAGOS - ALLEN ONYEMA, AIR PEACE CHAIRMAN
Posted on: 23rd Sep. 2025 at 1:39PM MRO sited in Lagos because of difficulties securing land in the Southeast - Igbo people never wanted to make land available for construction of multi million dollars MOR facility in…
STUDY ABROAD WITHOUT LEAVING YOUR FAMILY BEHIND
Posted on: 15th Jul. 2025 at 10:04PM For many international students, studying abroad is more than just an academic pursuit — it’s a life-changing journey. But for those with spouses or children, the emotional toll of leaving…
NDDC DISBURSES N5 BILLION TO BOOST WOMEN AND YOUTH ENTREPRENEURSHIP IN NIGER DELTA
Posted on: 15th Jul. 2025 at 7:14PM Written by Ifeoluwa Onigbanjo The Niger Delta Development Commission (NDDC) has disbursed N5 billion to the Niger Delta Chamber of Commerce in support of a major skills training initiative aimed…
GOVERNOR PETER MBAH UNVEILS ENUGU AIR AS HE OUTLINES VISION FOR ECONOMIC GROWTH AND JOB CREATION
Posted on: 10th Jul. 2025 at 1:19AM By Ifeoluwa Onigbanjo Governor Peter Mbah of Enugu State has officially launched Enugu Air, a state-backed airline initiative aimed at transforming the region’s transportation landscape and unlocking new economic opportunities.…
IK OSAKIODUWA REVEALS WHY HE CHANGED HIS SURNAME
Posted on: 10th Jul. 2025 at 1:11AM Renowned media personality IK Osakioduwa has opened up about the personal journey behind changing his surname from “Obiara” to “Osakioduwa,” a decision he says significantly transformed his life. Speaking in…
CHIEF MARKETING OFFICER OF TIZETI TEMITOPE OSUNRINDE STEPS DOWN
Posted on: 10th Jul. 2025 at 12:43AM One of West Africa’s leading voices in broadband advocacy and internet infrastructure, Temitope Osunrinde, has stepped down from his position as Chief Marketing Officer at Tizeti, signaling a new chapter…
TEMS LAUNCHES ‘LEADING VIBE’ INITIATIVE TO EMPOWER YOUNG WOMEN IN AFRICAN MUSIC INDUSTRY
Posted on: 6th Jul. 2025 at 11:57PM By Ifeoluwa Onigbanjo Award-winning Nigerian singer and songwriter Tems has unveiled the ‘Leading Vibe’ Initiative, a groundbreaking platform designed to empower young women in the music industry across Africa, with ambitions…
SEPLAT CEO HAILS NNPCL’S DEBT CLEARANCE AS GAME-CHANGER FOR INDIGENOUS OIL PRODUCERS
Posted on: 5th Jul. 2025 at 1:06AM The Chief Executive Officer of Seplat Energy Plc, Roger Brown, has described the Nigerian National Petroleum Company Limited (NNPCL)’s clearance of its longstanding debts as a “game changer” for indigenous oil producers, praising…
OJUDE OBA 2025 CAR WINNER OPEOLUWA OSISANWO PAYS TRIBUTE VISIT TO GLOBACOM
Posted on: 5th Jul. 2025 at 12:54AM One of the recipients of the brand-new cars awarded at the 2025 Ojude Oba Festival, Mr. Opeoluwa Osisanwo, has paid a courtesy visit to the Ijebu Ode office of telecommunications…
NNPC RAISES PETROL PRICE TO 945 PER LITRE AMID MARKET SHOCK
Posted on: 27th Jun. 2025 at 9:20PM By Onigbanjo Ifeoluwa Retail outlets owned by the Nigerian National Petroleum Company Limited (NNPC) have increased the pump price of Premium Motor Spirit (PMS), also known as petrol, to N945…
'LIRS AUTOMATED TAX SYSTEM IS EMULATIVE' SAYS DR JOSEPH EFFIONG AS HE LAUDS THOSE IN CHARGE
Posted on: 25th Jun. 2025 at 2:33PM LAGOS: Managing Director of UpdateAfrika Communications, Dr. Joseph Effiong, has attributed the growth in Lagos State's revenu, reaching an all-time high of N1 trillion to ongoing reforms and the digitized…
NIGERIAN STATES' VAT CONTRIBUTION AND WHAT THEY GET
Posted on: 24th Jan. 2025 at 11:02AM What states contributed to the VAT pool and what they received in 2024 1. LAGOS Contributed: N2.75trn Received: N460.11bn (16.74%) 2. RIVERS Contributed: N832.69bn Received: N186.66bn (22.4%) 3. OYO Contributed:…
UNDERSTANDING THE DISTINCTION: DEED OF LEASE VS. DEED OF AGREEMENT
Posted on: 27th Oct. 2024 at 10:49AM By Bukunolami Oluwa Recognize that these two documents serve unique purposes. To determine which document suits your needs, consider the following: Deed of lease is for temporary possession (Rental) while…
NIGERIA CUSTOMS SEIZES N71.7 MILLION WORTH OF GOODS FROM SMUGGLERS IN ADAMAWA AND TARABA
Posted on: 25th Oct. 2024 at 9:30PM Written By Gbemisola Onigbanjo The Nigeria Customs Service (NCS) Adamawa/Taraba Area Command has intercepted goods worth N71.7 million in an anti-smuggling operation between August and September. The Command’s Area Comptroller,…
MTN NIGERIA UNVEILS 5G-POWERED DIGITAL EXPERIENCE CENTER IN ABUJA
Posted on: 25th Oct. 2024 at 9:19PM By Gbemisola Onigbanjo South African telecommunications giant, MTN Nigeria, has launched its first Fifth Generation (5G) powered Digital Experience Center at its Zonal Office in Maitama, Abuja. The unveiling event…
LAWYERS IN ENERGY NETWORK TO HOLD ANNUAL RETREAT IN LAGOS
Posted on: 23rd Oct. 2024 at 6:27AM By Gbemisola Onigbanjo The Lawyers in Energy Network will host its annual retreat in Lagos on Thursday and Friday. Themed “Analysing the Effects of the Presidential Policy Directives on the…
PETROAN URGES NNPC TO DISCLOSE DANGOTE REFINERY'S PETROL PRICE AMID PUBLIC CONCERNS
Posted on: 10th Oct. 2024 at 8:04PM By Gbemisola Onigbanjo The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has called on the Nigerian National Petroleum Company Limited (NNPCL) to disclose the exact price of Premium…
LOTUS BANK SPONSORS NIMSA GAMES, OPENS NEW LEKKI BRANCH
Posted on: 9th Oct. 2024 at 7:14AM Written by Gbemisola Onigbanjo Lotus Bank, one of Nigeria's non-interest financial institutions, has officially announced its sponsorship of the Nigerian Medical Students Association (NIMSA) Games, set to begin on October…
MINISTRY OF AVIATION TO COLLABORATE WITH ICRC ON INSFRASTRUCTURE DEVELOPMENT
Posted on: 9th Oct. 2024 at 7:04AM The Ministry of Aviation and Aerospace Development has expressed its readiness to partner with the Infrastructure Concession Regulatory Commission (ICRC) in an effort to enhance Nigeria’s infrastructure development through Public…
HOW TO CHECK IF YOUR SHOCKS OR STRUTS ARE DUE FOR REPLACEMENT - CAR EXPERTS
Posted on: 27th Sep. 2024 at 2:33PM - Vehicle bouncing: Pay attention to how your vehicle responds when driving over bumps or uneven surfaces. Excessive bouncing or a "floating" feeling may indicate worn-out shocks or struts. -…
BLORD: HIS BILLIONAIRE IGBO BROTHER PETITIONED AGAINST HIM - VERYDARKMAN
Posted on: 18th Jul. 2024 at 2:39PM "Truly, I am praying for BLord ,whom he refers as certain billionaires to come out from this. "I know everyone thinks that I am the one who is holding him…
JASMINE EMPIRE SPEAKS OUT ON HOW THE MANAGEMENT OF CHEVY VIEW ESTATE IS FRUSTRATING HER BUSINESS
Posted on: 3rd Jul. 2024 at 1:22AM With how terrible business and economy have been in Nigeria when enterprises are wobbling and struggling to stay afloat, Chevy View Estate is allegedly frustrating the business of some individuals…
THE NEW ZENITH BANK CEO, DR ADAORA UMEOJI
Posted on: 19th Mar. 2024 at 8:57PM It seems it is no longer a man’s world. Women are taking over critical sectors of the economy and the corporate world. On Tuesday, Zenith Bank Plc announced the appointment…
FG SEALS SAHAD STORE IN ABUJA FOR ALLEGED PRICE FIXING
Posted on: 16th Feb. 2024 at 1:55PM The Federal Government, through its agency, Federal Competition and Consumer Protection Commission (FCCPC) has sealed off Sahad Store in Garki area of Abuja, allegedly for price fixing. This follows President…
WHY GLAXOSMITHKLINE CONSUMER NIGERIA IS LEAVING
Posted on: 4th Aug. 2023 at 2:48PM GlaxoSmithKline Consumer Nigeria said it failed to retain the approval for the distribution of vaccines and medicines produced by GlaxoSmithKline UK Group. The firm was the sole distributor of drugs…
OLD NAIRA NOTES STILL LEGAL TENDER - CBN
Posted on: 14th Mar. 2023 at 10:23AM The Central Bank of Nigeria (CBN) on Monday said old N200, N500, N1,000 bank notes remain legal tender Till December 31, 2023. The apex bank’s Acting Director of Corporate Communications,…
SOCIAL MEDIA OUTAGE HIT FACEBOOK, WHATSAPP AND INSTAGRAM
Posted on: 4th Oct. 2021 at 10:57PM “Something went wrong. We’re working on it and we’ll get it fixed as soon as we can.” This was the message that greeted users when they visited the social media…
NATIONAL ASSEMBLY SET TO PASS PIB BEFORE THE END OF JUNE, SAYS LAWAN
Posted on: 7th Jun. 2021 at 10:21PM President of the Senate, Ahmed Lawan durung an opening session on Monday vowed that the Petroleum Industry Bill will be passed by the National Assembly before the end of June…
NIGERIA OUT OF RECESSION, RECORDS 0.11 GDP GROWTH - BY MARY ABAZUO
Posted on: 21st Feb. 2021 at 11:44PM The National Burea of Statistics (NBS) on Thursday disclosed that Nigeria's Gross Domestic Product for the fourth quarter of 2020 recorded a minute growth of 0.11 per cent. Nigeria's GDP…
HIT FM CEO OPENS FINESSE STUDIO IN CALABAR - BY MARY ABAZUO
Posted on: 15th Feb. 2021 at 3:55PM Ugbe Patrick, CEO of Hit FM as at Friday commissioned Finesse Studios, Calabar. The studio said to have had free shots for clients before it's official opening and presently offering…
BREAKING NEWS: WTO CONFIRMS NGOZI OKONJO-IWEALA AS DIRECTOR GENERAL
Posted on: 15th Feb. 2021 at 3:49PM Nigeria's former Finance Minister under the Goodluck Jonathan Administration Dr Ngozi Okonjo-Iweala has been officially confirmed as Director General (DG) of the World Trade Organization (WTO) today, Monday. This makes…
NCC ASKS ALL SIM CARDS TO BE LINKED TO NATIONAL IDENTIFICATION NUMBER
Posted on: 16th Dec. 2020 at 9:40AM Following the earlier directive on the suspension of new SIM registration by network operators, the Honourable Minister of Communications and Digital Economy, Dr. Isa Ali Ibrahim Pantami convened an urgent…
FUEL PRICE NOW N151 IN NIGERIAN DEPOTS
Posted on: 3rd Sep. 2020 at 12:47PM The Federal Government of Nigeria has announced a new depot price for Petrol with effect from 2nd of September 2020. According to a memo sent by PPMC on behalf of…
SHOPRITE TO LEAVE NIGERIA SOON
Posted on: 3rd Aug. 2020 at 12:30PM Africa's biggest retail shop Shoprite has announced plans to withdraw their services from Nigeria. This was made known today during the company's operational update today Monday, August 3. Shoprite Holdings…
TINUBU'S DAUGHTER DENIES IMPOSING N1000 MONTHLY LEVY ON COMPUTER VILLAGE TRADERS
Posted on: 11th Jun. 2020 at 3:41PM The Iya Oloja General of Lagos, Folashade Tinubu-Ojo has denied the news that she had imposed a levy of N1000 on all the shop powers in the popular Computer Village. She…
OIL-RICH SAUDI ARABIA TO INCREASE VAT FROM 5% TO 15% FROM JULY 1
Posted on: 12th May. 2020 at 1:16PM As the effect of COVID-19 is hitting many world economies, Saudi Arabia, an oil-rich country is not spared due to global oil price which has nosedived. The Saudi government has…
CHINA BEGINS WORK ON 6G NETWORK
Posted on: 9th Apr. 2020 at 12:42AM As reported by DailyMail, "China has officially begun the research and development of 6G technology." This is coming barely a week after the launch of the 5G network which has…