THE Lagos Chamber of Commerce and Industry (LCCI) did an appraisal of the Nigerian economy in 2015 last week and concluded that private operators in many sectors recorded losses of over N1.5trn last year as a result of scarcity of…
The Nigerian Communications Commission (NCC) has faulted the competence of the suit filed by MTN Nigeria Communications Limited challenging the N1.04 trillion fine slammed on it (MTN) for allegedly breaching NCC’s statutory and regulatory directives. MTN had sued NCC before…
Operators of fuel stations in Benin City, the Edo state capital were Tuesday compelled to dispense products to consumers at the approved pump price The exercise which was carried out by the Department of Petroleum Resources DPR, ensured that PMS…
No fewer than 100 journalists in Lagos and Rivers states have been trained on “Digital Reporting”, to widen their horizon and efficiency, by Skye Bank Plc as part of its Corporate Social Responsibility (CSR) programme. The participants, drawn from the…
As Nigeria inches towards full deregulation of the oil sector, the National President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), FRANCIS JOHNSON, says its members are fully in support of the planned deregulation of the…
THE days ahead may just be harder than expected as the International Monetary Fund (IMF) yesterday, said crude oil prices may slump to as low as $20 per barrel in 2016. Following the release of the “IMF Executive Board Concludes…
Minister of Solid Minerals Kayode Fayemi yesterday said the mining sector’s N400 billion contribution to the Gross Domestic Product (GDP) will soon go up. Nigeria has 44 mineral assets, including precious minerals, which, Fayemi said, could make the sector a…
In recent years the Annual General Meeting of Guaranty Trust Bank Plc have been a celebration of what remains the most profitable banking operation in Nigeria. This brand equity has been exported to make the bank a successful international brand.…
TELECOMMUNICATION giant MTN yesterday said it took the Nigerian Communications Commission (NCC) to court over the N780billion fine imposed on it over subscriber identity (SIM) card registration infractions because of its belief in the long term sustainability of its business…
A Federal High Court, Lagos has ordered Stanbic IBTC Bank Plc to pay a former Group Managing Director of Afribank Nigeria Plc, Patrick Olayele Akinkuotu and his company, Longterm Global Capital Limited, the sum of N4.5 billion for breach of…
