April, 2017

• 20 April

  Nestle sales go flat in Q1 as sub-Saharan Africa shows growth

  

  Swiss food and drink giant on Thursday reported anaemic sales growth as Asian market strength was offset by weak consumer spending in the Americas. First-quarter sales rose 0.4 percent to 21 billion Swiss francs (19.6 billion euros, %21.1 billion), slightly below analyst expectations compiled by the AWP agency of 21.3 billion francs. But organic sales growth, which excludes exchange rate …

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• 20 April

  CBN pumps $100m into FX market

  

  The Central Bank of Nigeria, CBN has pumped a total $380million within two days into the Foreign Exchange Market. And the effect: a further strengthening of the Naira. The first tranche of $280m was released on Tuesday, On Wednesday, the bank offered additional $100 million to authorised dealers to meet the 7 to 15-day forwards requests of customers. Okorafor attributed …

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• 20 April

  How to invest in FGN Savings Bonds

  

  Author of ‘Practical Steps to Financial Independence’ and personal finance coach, Mr. Usiere Uko, writes about investing in the newly introduced FGN savings bond The FGN savings bond was introduced into the market on March 7, 2017 as a result of market restructuring that saw the upward review of the minimum subscription for treasury bills and bonds in the primary market …

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• 20 April

  NLNG revenue hits seven-year low amid oil slump

  

  The Nigeria LNG Limited, the biggest gas exporter in the country, said it earned a total of $4.723bn last year, the lowest in seven years. The company, which was created to harness the nation’s vast natural gas resources and produce Liquefied Natural Gas and Natural Gas Liquids for export, saw its revenue peak at $11.592bn in 2012. The NLNG is …

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• 20 April

  Dangote begins installation of oil refinery equipment

  

  Dangote Oil Refining Company Limited has said the installation of equipment for the crude oil refinery being built in Lagos will begin this month. The Head, Quality Assurance/Quality Compliance and Construction, DORC, Mr. Rama Putta said that the 650,000-barrels-per-day refinery would come on stream by September 2019. According to him, the basic engineering work has reached 98 per cent completion; …

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• 19 April

  To prevent penis fracture, avoid these three sex positions

  

  Penis fractures probably aren’t the first thing that springs to your mind when you think about sex. Instead, your thoughts are more likely to revolve around how to maximise the time spent beneath the sheets. But a scientific study has discovered that the risks of breaking the penis during passionate sex must not be overlooked. Brazilian researchers considered the three …

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• 19 April

  My husband denied me sex for two years, woman tells court

  

  A 30-year-old house wife, Bilkisu Lawal, on Wednesday told a Mararaba Grade 1 Area Court, that her husband, Shuaibu Yusuf, had denied her sex for two years. Bilkisu, who is seeking for divorce, narrated how Yusuf had not been performing his duty as a husband. She told the court that she married her husband in January 2012, according to Islamic …

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• 19 April

  UBA’s REDTV Sponsors Runway Jazz to Commemorate Lagos @50

  

  REDTV a dynamic online lifestyle channel, supported by United Bank for Africa (UBA) Plc, that puts the spotlight on Africa with a distinct global appeal, has announced its sponsorship of the Runway Jazz Festival as part of events lined up for the commemoration of Lagos @ 50.  The Runway Jazz Festival scheduled to commence on April 29 and close on …

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• 19 April

  BREAKING: Buhari suspends SGF Babachir Lawal, NIA DG, Ayodele Oke

  

  President Muhammadu Buhari has ordered an investigation into the allegations of violations of law and due process made against the Secretary to the Government of the Federation (SGF), David Lawal, in the award of contracts under the Presidential Initiative on the North East, PINE. The President has also directed Lawal’s suspension from office pending the outcome of the investigations. In …

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• 19 April

  IPC CONDEMNS GRUESOME KILLING OF JOURNALIST FAMOUS GIOBARO, CALLS FOR URGENT INVESTIGATION

  

  The International Press Centre (IPC), Lagos-Nigeria has condemned the brutal murder of Mr. Famous Giobaro, of the Bayelsa State-owned radio station, Glory FM 97.1, who was shot dead by unknown gunmen at his residence on Sunday, April 16, 2017. Giobaro, who worked as a Desk Editor in the station, was reportedly attacked in his house located in a mini estate at …

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