BUSINESS
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Otedola loses $400m in 9 weeks after shares sell-off
Stock price of Forte Oil, owned by Femi Otedola, Nigerian billionaire, shed off 43.5% in value in the last nine…
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MTN Set To Roll Out Commercial 4G LTE Services From July
MTN Nigeria is set to roll out its Fourth Generation Long Term Evolution (4GLTE) broadband services from July 2016 in…
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Fidelity Bank posts N34.4bn gross earnings
Fidelity Bank Plc., has posted gross earnings of N34.4 billion for the first quarter ended March 31, 2016. This was…
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Nigeria imports N165bn fruit juice annually – MAN
Nigeria spends N165 billion annually to import fruit juice, the President of the Manufacturers’ Association of Nigeria (MAN), Dr…
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AIRTEL DRAGGED TO COURT OVER BREACH OF CONTRACT
A Lagos high court sitting in Igbosere, Lagos state, southwest Nigeria has ordered that notice of consequences of disobedience of…
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‘MTN’s fine should not exceed its annual profit’
The Association of Telecom Companies of Nigeria (ATCON) has appealed to the government for leniency on behalf of its member,…
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Oil prices close in on $50 to hit 2016 high
The prices of crude oil hit its highest point in 2016 on Wednesday, trading a few cents above the previous…
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World Bank endorses Kachikwu’s transparency initiative
The World Bank has commended the Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National…
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Naira exchanges at N320 to dollar at parallel market
The Naira on Monday exchanged at N320 to a Dollar at the parallel market in Lagos State. The News Agency…
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‘It’s impossible to fully localise Nigeria’s tech ecosystem’
Despite growing calls by government and regulators for the short-term localisation of several aspects of Nigeria’s tech ecosystem, industry experts…
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