Category Archives: Business News

Naija Ladies & Guys: Why You Should Not Be A Banker

Kike decided to walk back home after a 10 kilometer commute to her Uncle’s house.

She felt she needed to ponder over the advice her uncle just gave her. A few days earlier she had received a call from him raising her hopes that he could use his position as a major stakeholder in a bank to help get a job. Kike read architecture in school but had no plans of practicing as an architect.

‘Who Deserves To Be Surprised’ Prize Winner, Omotola Akinsola, Receives MTN Nigeria’s N50m

Nigeria’s leading telecommunications and ICT Company, MTN, yesterday presented a cheque of N50 million to Omotola Akinsola, the star prize winner of ‘Who Deserves To Be Surprised’, a special edition of Who Wants To Be A Millionaire (WWTBAM) TV game show held last December, as part of the MTN Season of Surprises campaign.

Omotola had won a house worth N50million, but opted for the cash equivalent. The runner-up during the WWTBAM special edition, Mrs Iyabode Olasunmbo Sodiya Dawodu was also presented with a brand new Year 2014 KIA Cerato.
At a brief presentation ceremony held at Ultima Studios, Lekki, Lagos, the star prize winner, Omotola Akinsola who was accompanied by her Dad, Professor Wole Akinsola, was visibly overjoyed as she was presented with her winning by the General Manager, Consumer Marketing, MTN Nigeria, Mr Richard Iweanoge.

FG Approves 9 New Private Universities In Nigeria

The Federal Executive Council chaired by Vice President Namadi Sambo today approved the establishment of nine new private Universities in Nigeria.

The list of the new Universities approved are;

Islamic Cleri Kills and Shares His Best Friend’s Body Parts

Lagos – The heart of man is truly wicked! An Alfa in the Badagry area of Lagos, Fatai Afobaje, has been accused of conspiring with some security men in his area to kill his friend, Rafiu Suleiman, for ritual.

Police sources said after the 40-year-old was dead, Afobaje, along with five others, shared his remains among themselves for ritual purposes. Sadly, what remained of the late Kwara State indigene was recovered by men of the Nigeria Police Force on Monday, after an intensive search.

See The Most Expensive House In Abuja + Guess Who The Owner Is?

See The Most Expensive House In Abuja + Guess Who The Owner Is?

Among several eye-popping edifices in Abuja, the one which attracts the most attention, questions and indeed comments, is a very popular exotic-looking building on Gana Street, adjacent to the Transcorp Hilton Hotel.

President Jonathan Promises Market Women In Lagos Freedom From Oppression If PDP Wins

Lagos – President Goodluck Jonathan, Friday, said that victory for the Peoples Democratic Party (PDP) in the upcoming general elections would free Lagos residents from oppression.

Speaking when the leaders of market women groups in Lagos and environs, paid him a solidarity visit at the State House, Marina, Lagos, Jonathan promised the market women, and indeed, all traders in the country that the PDP administration would provide the enabling environment for them to ply their trades.

Nigeria Non-oil Export Revenue Drops by 34%

Nigeria Non-oil Export Revenue Drops by 34%

The total earnings from non-oil exports dropped by 34 per cent in just one month, the latest economic report released by the Central Bank of Nigeria has indicated.

It put the revenue from the non-oil exports in the month of July 2014, the last month so far assessed, at $867.12m.

The report obtained by our correspondent on Friday noted that the revenue fell by 34.8 per cent and 4.5 per cent below the levels in the preceding month and the corresponding month of 2013, respectively.

High Importation Killing local Production of Sorghum

Lagos – The production of sorghum in Nigeria  is on the decline, industry experts have said.

Consequently, the Group Executive Director, Sona Group of Companies, Mr. Peter Oyaniyi, has called on the Federal Government to place more emphasis on the production of more grains, including sorghum.

Clearing Fees Rise by 50% At Nigerian Ports

Nigerian Importers now have to pay 50 per cent more to clear their goods at the ports.

Investigations by our correspondent on Friday showed that goods are now being cleared by the agents at the rate of N750 per kilogramme, compared to the previous amount of N500. This represents a 50 per cent increase.

Importers who spoke in separate interviews with our correspondent described the increase as unjust.

They also explained that the increase was not duly communicated to them but was imposed on them without any justifiable reason.

Covenant University Plans To Reduce School Fees

The Vice-Chancellor, Covenant University, Ota, Ogun State, Prof. Charles Ayo, has hinted that the school may likely reduce its tuition fees in a bid to accommodate more students who will want to benefit from the quality education it offers.

Addressing a news conference on Friday over the school’s recent Webometrics ranking as the first in Nigeria and West Africa and the 15th in Africa, he said even though there is no actual date for the likely review yet, the initiative would make admission into the school more affordable and competitive.