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Latest News Saraki: Limit and burden of arrogance, By Abdulrazaq Magaji As APC ‘brings’ order from chaos Buhari resumes work; meets Osinbajo, service chiefs Buhari’s return has nothing to do with protests — Garba Shehu APC welcomes back Buhari, vows to fulfill electoral promises Chidoka sweeps to victory as Anambra UPP guber primary claims life Stoke sinks Arsenal in EPL duel, Man United hit four again Rain of tears, eulogies as Ex-Governor Suntai is laid to rest FRSC names GOCOP as partners for 7th Annual Lecture South African minister who assaulted woman resigns News Express delegation visits Aso Rock Villa, briefs Presidential Spokesman on activities to mark 5th Anniversary BREAKING NEWS: Buhari lands in Abuja, performs first official duty

 

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Senate orders arrest of CEOs of Glo, Indomie, 28 other big firms (FULL LIST)

Senate orders arrest of CEOs of Glo, Indomie, 28 other big firms (FULL LIST) The Senate has ordered the arrest of the chief executive officers of 30 companies for allegedly failing to appear before it. The companies are alleged to have been involved in the N30 trillion revenue loss believed to have been suffered by the country in its maritime sector. The companies include mobile...... more

Nigerian pirates kidnap Moroccan crew

Nigerian pirates kidnap Moroccan crew Nigerian pirates have kidnapped five crew members, three of them from Morocco, from a general cargo vessel identified as the Panama-flagged Oya 1 around 15 nautical miles south west of Bonny Island. The kidnapping, according to World Maritime News, quoting Moroccan media, occurred 31 July. The attack was confirmed by IMB...... more

Anambra, abx world partner on $150m export facility project

Anambra, abx world partner on $150m export facility project abx world Nigeria’s agricultural revolution has reached Anambra State, with the State Executive Council (SEC) meeting presided by Governor Willie Obiano this week approving the company’s proposal for the construction of an export processing facility estimated to cost about $150 million. News Express learnt that the “Ndi Anambra Export Facility Project”,...... more

Bill Gates dethroned as world’s richest man

Bill Gates dethroned as world’s richest man A surge in Amazon.com Inc. shares Thursday morning in advance of the online retailer’s earnings report has propelled founder Jeff Bezos past Bill Gates as the world’s richest person. Shares of the online retailer rose 1.3 percent to $1,065.92 at 10:10 a.m. in New York, giving Bezos a net worth of...... more

TD Africa hosts Google senior executives, flaunts Nigeria’s booming ICT potential

TD Africa hosts Google senior executives, flaunts Nigeria’s booming ICT potential Technology Distributions Ltd. (TD), Sub-Saharan Africa’s biggest Information and Communications Technology (ICT) distributors, made a strong case for more significant investments in Nigeria’s booming ICT sector as it showcased the huge potential of the market when it hosted a high-powered team of executives from the headquarters of global digital giants, Google....... more

Diamond Bank strengthens Board with world-class technocrats

Diamond Bank strengthens Board with world-class technocrats Diamond Bank Plc, Nigeria’s fastest growing retail bank, has appointed Dele Babade, an Advisor to Carlyle Group’s Sub-Saharan Africa Fund, to its Board of Directors. Babade, who will join as a Non-Executive Director, will replace Carlyle Group’s existing representative Genevieve Sangudi, who has served on the board since 2013. Juliet Anammah,...... more

Shell shuts down key supply oil pipeline in Ogoniland

Shell shuts down key supply oil pipeline in Ogoniland Anglo-Dutch energy giant Shell said Tuesday it has shut down a key crude supply pipeline in Nigeria’s restive south because of a leak. Shell subsidiary the Shell Petroleum Development Corporation of Nigeria Ltd (SPDC) said the Trans Niger Pipeline (TNP) was shut on July 21 at B-Dere in Ogoniland. “Efforts are...... more

Etisalat gets NCC approval, to unveil new name tomorrow

Etisalat gets NCC approval, to unveil new name tomorrow Nigeria’s telecoms regulator has approved Etisalat Nigeria’s name change after its Middle East parent pulled out following regulatory intervention to save the local company from collapse due to debt, the company said. The Nigerian Communications Commission (NCC) has been notified of the new name, 9mobile, the company said, adding that Etisalat...... more

BREAKING NEWS: Etisalat changes name to 9mobile

BREAKING NEWS: Etisalat changes name to 9mobile Telecoms operator Etisalat Nigeria has officially changed the company’s corporate identity to 9mobile. This comes after the company’s largest shareholder, emirates Telecommunications Corporation, directed Etisalat Nigeria to stop using its brand name within the next three weeks, after terminating management agreement with its Nigerian arm. Etisalat, which controls 13 per cent...... more

Etisalat pulls out of Nigeria

Etisalat pulls out of Nigeria Abu Dhabi’s Etisalat has terminated its management agreement with its Nigerian arm and given the business time to phase out the brand in Nigeria, the chief executive of Etisalat International told Reuters on Monday. Nigerian regulators intervened last week to save Etisalat Nigeria from collapse after talks with its lenders to...... more

Nigeria LNG restates commitment to cleaner energy, environment

Nigeria LNG restates commitment to cleaner energy, environment Nigeria LNG’s commitment to the sustained supply of cooking gas, Liquefied Petroleum Gas, into the local market is premised on the need to ensure the use of cleaner energy for the health benefit of Nigerians and cleaner environment in line with the mission of the company to help to build a...... more

IT giant plans 2,000 new tech jobs in U.S. technology hub

IT giant plans 2,000 new tech jobs in U.S. technology hub India-based Infosys, an information technology outsourcing firm, announced Thursday it will hire 2,000 workers over the next four years for a technology hub in North Carolina, the second of four planned hubs in the U.S. Infosys executives were joined by North Carolina Gov. Roy Cooper at a news conference in which...... more

CBN appoints new Chair for Etisalat

CBN appoints new Chair for Etisalat The Central Bank of Nigeria has appointed a Deputy Governor of the bank, Dr. Joseph Nnanna, as the Chairman of Etisalat Nigeria. Etisalat Nigeria is a private telecommunications company in trouble with 13 local lenders over a multi-million dollar loan. Nnanna replaces Etisalat Nigeria’s founding Chairman, Hakeem Belo-Osagie who resigned from...... more

PRNigeria shines in South Africa, wins Best African PR Platform award

PRNigeria shines in South Africa, wins Best African PR Platform award The PRNigeria has won the African Excellence Award 2017 for the best PR Platform at a ceremony in Johannesburg, South Africa. The PR outfit had previously received SABRE African Public Affairs Award hosted by African Public Relations Association (APRA) in Casablanca, Morocco and Golden World Award (GWA) on Crisis Management from...... more

MTN to list stock on Nigerian Exchange soon

MTN to list stock on Nigerian Exchange soon MTN on Friday in Abuja said it would list its shares on the Nigerian Stock Exchange this year. MTN General Manager, Mr Nikiwe Tsaagane, made this known when he paid a courtesy visit to Dr Ogbonnaya Onu, Minister of Science and Technology. Tsaagane said the efforts would help to fast-track improvement...... more

BREAKING: Global ransomware attack causes chaos

BREAKING: Global ransomware attack causes chaos Companies across the globe are reporting that they have been struck by a major ransomware cyber-attack. British advertising agency WPP is among those to say its IT systems have been disrupted as a consequence. Ukrainian firms, including the state power company and Kiev’s main airport were among the first to report...... more

Global economy forecast for strong growth in 2018

Global economy forecast for strong growth in 2018 Global economic growth is expected to rise from 2.5 percent last year to 2.9 percent in 2017 and 3.1 percent in 2018 – its highest rate since 2010 – rating agency Fitch Ratings said Monday. “Faster growth this year reflects a synchronised improvement across both advanced and emerging market economies,” Fitch...... more

BREAKING NEWS: Banks take over Etisalat

BREAKING NEWS: Banks take over Etisalat Some banks have now taken over the management of telecommunication company, Etisalat Nigeria. The Banks, led by Access Bank PLC and other local and foreign banks have taken over the telecommunication company effective June 15. The take-over came as a result of a futile effort by Emerging Markets Telecommunications Services, EMTS,...... more

British Airways cancels flights as global IT outage takes toll

British Airways cancels flights as global IT outage takes toll British Airways has cancelled all flights from London’s Heathrow and Gatwick airports as a global IT failure causes severe disruption for travellers. The airline said it has suffered a “major IT systems failure” and apologised to its passengers. BA said terminals at Heathrow and Gatwick have become extremely congested and it...... more

MTN in fresh trouble, fined $8.5m

MTN in fresh trouble, fined $8.5m Rwanda’s telecom industry regulator has fined MTN Rwanda, a division of South Africa’s MTN Group, 7 billion francs (8.5 million dollars) for running its IT services outside the country in breach of its licence. The regulator said in a ruling posted on its website in Kigali that MTN Rwanda was hosting...... more

Shell JV pays $29bn to Nigeria •Says commitment to the country remains strong

Shell JV pays $29bn to Nigeria •Says commitment to the country remains strong Shell remains strongly committed to the development of Nigeria, Osagie Okunbor, Country Chair, Shell Companies in Nigeria, said in Lagos, while announcing that The Shell Petroleum Development Company of Nigeria Ltd (SPDC) operated Joint Venture alone contributed $29 billion to the Nigerian purse between 2012 and 2016. Also in 2016, the...... more

NLNG cries out over amendment of Act by Reps, says action not in Nigeria’s interest

NLNG cries out over amendment of Act by Reps, says action not in Nigeria’s interest The Nigeria LNG Limited (NLNG) on Tuesday evening cried out over the amendment, earlier in the day, of the passing of a bill for the amendment of the NLNG (Fiscal Incentives, Guarantees and Assurances) Act by the Federal House of Representatives. It said in a statement signed by Kudo Eresia-Eke, General...... more

Nigeria set to get new $15bn refinery

Nigeria set to get new $15bn refinery The Nigerian Agip Oil Company (NAOC) has accepted to build a 150,000 barrels per day refinery in either Port Harcourt or Brass worth 15 billion US dollars, the Minister of State, Petroleum, Dr Ibe Kachikwu, said on Tuesday. Kachikwu briefed State House Correspondents on the deal after a meeting with acting...... more

Mass sack of workers at MTN Nigeria

Mass sack of workers at MTN Nigeria MTN Nigeria said it had to disengage 280 staff because it wanted to delve into full Information and Communication Technology (ICT) and digital operations. An official who pleaded anonymity told the News Agency of Nigeria (NAN) in Lagos on Monday, that the company would inject another group of new employees, capable...... more

Adeosun takes economic reform agenda to World Bank spring meetings

Adeosun takes economic reform agenda to World Bank spring meetings Finance Minister, Mrs. Kemi Adeosun, is attending the World Bank and IMF Spring Meetings in Washington DC where she is participating in a range of events focused on different aspects of the Nigeria’s economic reform agenda. At her opening event on Monday, she gave an address to the Global Parliamentary Conference, alongside...... more

20 African business leaders commit to promoting women’s leadership

20 African business leaders commit to promoting women’s leadership The African Women in Business working group met in Geneva at the 2017 Africa CEO Forum and made concrete commitments towards fostering female entrepreneurship in Africa and improving women’s access to decision-making positions in African companies. Building on the success of the African Women in Business initiative launched this year by...... more

MTN loses 714,000 internet subscribers •Etisalat 267,285, Airtel 149,801, Glo 143,787

MTN loses 714,000 internet subscribers •Etisalat 267,285, Airtel 149,801, Glo 143,787 Nigeria’s telecommunications networks lost 1,275,573 internet users in February, with MTN losing 714,700 subscribers, the highest. The NCC made the disclosure in its internet subscribers’ data for February. The publication indicated that internet users on both Global System for Mobile communications (GSM) and Code Division Multiple Access (CDMA) networks dropped from...... more

Crude swap: NNPC debunks claims Aiteo is owing •Says Bonga FPSO shutdown will be well managed

Crude swap: NNPC debunks claims Aiteo is owing •Says Bonga FPSO shutdown will be well managed The Nigerian National Petroleum Corporation (NNPC) has debunked claims in some quarters that Aiteo Eastern Exploration and Production Company is among the oil firms from which it is allegedly set to recover crude oil allocation accruals worth $42 million spanning 2012 through 2014. A top NNPC source who spoke in Abuja...... more

NLNG, Nigeria’s best success story — Minister

NLNG, Nigeria’s best success story — Minister The Minister of Information and Culture, Alhaji Lai Mohammed, has described the Nigeria Liquefied Natural Gas (NLNG) Limited as a shining example of the Nigerian success story in management and technical competence. The Minister showered the encomiums on Tuesday on Bonny Island, Rivers State, after a facility tour of the plant...... more

Oil Deal: FG files fresh charges against Shell, Eni, 9 others

Oil Deal: FG files fresh charges against Shell, Eni, 9 others The Economic and Financial Crimes Commission (EFCC) has filed a three-count charge of conspiracy and corruption against two multinational oil firms, Shell and Eni, for their roles in the alleged Malabu $1.1 billion scandal. Nine others were also charged along with the two multinational companies before an FCT High Court in...... more

 

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