Category Archives: Business News

Discos must pay their N500bn Electricity Debt – Ugbo

The Managing Director/Chief Executive Officer, Niger Delta Power Holding Company, Mr. Chiedu Ugbo, tells OKECHUKWU NNODIM that power distribution companies must clear their indebtedness to the Nigerian Bulk Electricity Trading company, among other issues The electricity market does not get

Doing business in Nigerian context is far different from that in America — Lexi Novitske,

In 2014, Lexi Novitske began her journey to seek and invest in early-stage tech-enabled businesses in Africa. To her, the then emerging African tech presented a lot of opportunities that she couldn’t just overlook. Moreover, it seemed ripe for capital

UK will ‘have to pay’ for Brexit Trade Talks, says EU President

The European Commission president Jean-Claude Juncker took a hardline approach today when he said that Britain will have to pay for Brexit if it wants to begin talks over trade and a transition deal with the EU, and also adding

Premiership Football Clubs Hit by Internet Scam

Police in Scotland is investigating a major internet scam after Scottish Premiership clubs Heart of Midlothian and Hamilton Academical were hit by fraudsters. While Hearts refused to reveal the extent of their losses, the Accies are understood to have had

Livestock Feeds Plc Announces Board Meeting and Closed Period

The Board of Directors of Livestock Feeds Plc. are scheduled to meet in Lagos on Thursday 26th October 2o17 to consider the unaudited Accounts and Financial Statements for the third Quarter year ended 3oth September 2017. Accordingly, in compliance with

Nestle Waters Launches POS Competition

Nestle Pure Life is offering retailers the chance to host a Nestlé Pure Life Hydration Station outside their store, in a move designed to drive sales of bottled water and encourage shoppers to stay hydrated. Dilip Patel, owner of Spar

NNPC $25bn Contract: Osinbajo Disowns Aide

Nigeria VP Says he approved loans not contracts ABUJA—THERE is confusion in the Presidency over the alleged approval of $25 billion contract by the Nigerian National Petroleum Corporation, NNPC, as the Vice President, Prof. Yemi Osinbajo, has denied the report

Nigeria, Brazil,EU To Discuss Investment Easing

Nigeria, Brazil,EU to discuss investment easing. Nigeria, Brazil, China, the European Union (EU) and a host of other leading economic powers have agreed to converge in Abuja to discuss investment facilitation between their countries. At the World Trade Organisation (WTO)

Kaduna State to Recruit 50 New Lawyers in 2018

Kaduna State to recruit 50 new lawyers in 2018 Kaduna state government has disclosed its plan to recruit 50 new lawyers in 2018 in addition to the 20 that were employed in 2017. The governor while presenting 2018 budget proposal

DStv Set To Give Free Internet to Sign up New Customers

DStv Set to give free internet to sign up new customers DStv should be selling internet today apart from just movies and TV shows but someone slept on the job and the firm is being forced to lure new customers

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