News

Vice President, Professor Yemi Osinbajo has confirmed that the country loses 1 million barrels of crude oil per day. Activities of the militants in the Niger Delta region of the country is responsible for the loss which is costing the challenged economy about $43m daily. Osinbajo who spoke at the maiden quarterly business forum organised by members of the organised …

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Oando PLC Signs $115.8m Midstream Agreement WzithHelios Investment Partners Oando PLC has announced the execution of a definitive agreement with a vehicle owned by funds advised by Helios Investment Partners LLP (“Helios”), a premier Africa-focused private investment firm, to acquire 49% of the voting rights in Oando’s midstream business subsidiary, Oando Gas and Power Limited (“OGP”). Oando is one of Nigeria’s …

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Volkswagen admits it has only fixed 10% of vehicles fitted with software to cheat emissions Only around one in 10 UK Volkswagen vehicles fitted with software to cheat emissions tests were fixed in the year since the scandal broke, figures released by the manufacturer show. The controversy began on September 18 last year when US regulators told VW to recall …

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About 97,000 people are currently living with diabetes in Cross River State, the Commissioner for Health. Inyang Asibong has confirmed. Asibong, talking on Channels News at 10 Sunday, was worried about the nation’s health situation whereby the nation has the burden of coping with both communicable and non-communicable diseases. “It’s really bad because we are talking of epidemiological transition in …

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Fidelity Bank CEO explains why borrowers can’t access long term loans . Praises CBN’s Anchor Borrowers’ Scheme The Managing Director/CEO, Fidelity Bank Plc, Nnamdi Okonkwo has said that deposits are mainly short-term in nature and that lending such funds to customers for long-term can lead to asset mismatch. The bank chief who spoke at the 2016 Annual Conference organized by …

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Conoil Grows Half-Year Profit by 196 per cent Conoil Plc has rekindled its last year’s glowing performance with yet another impressive outing for the first half of 2016. Unaudited half year report of the oil marketing company filed over the weekend with the Nigerian Stock Exchange showed that its profit before tax rose from N528.5 million in 2015 to N1.566 …

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If not for providence, a multiple accident at Station bus stop along Iju Water Works road, Ifako Ijaiye Local Government area of Lagos State would have been more fatal. The accident which occurred this evening at exactly 8:20pm involved a Red BRT bus approaching Fagba traffic light, a yellow tricycle and a black jeep which had hit the tricycle before …

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      A Lagos-based media outfit, Brandscom International is set to commence a training for graphic artistes and users of multimedia softwares in Nigeria. The program intends to provide opportunities for creative designers, corporate communicators, writers and would-be writers who are expected to fly with the knowledge to be gathered at the four day training. According to the Director …

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We have a strategic plan that will take us out of the recession – Adeosun The Minister of Finance, Mrs Kemi Adeosun, has assured Nigerians that the current economic recession the nation was experiencing will not be prolonged. She gave the assurance on Friday in Abuja while addressing a news conference. She said that there was a strategic plan by …

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