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Category Archives: Business

Capital oil Boss May go to jail,Boasts i have all the Judges in my pocket

After Mallam Nuhu Ribadu’s courage and determination as the Chairman of the Economic and Financial Crimes Commission (EFCC) to rid Nigeria of fraudsters who have destroyed the country’s credibility in the international community, no one had thought that the country would again be purged of men of Chief Fred Ajudua, Mr. Emmanuel Nwude and Mr. Ikechukwu Anajemba’s ilk. These were ... Read More »

Femi Otedola Pays Off N141 Billion Debt Says AMCON

Controversial oil magnate, Femi Otedola, has paid off his N141 billion loan to the Asset Management Corporation of Nigeria (AMCON). AMCON’s Managing Director, Mustapha Chike-Obi who made this disclosure, said Otedola made the payment last thursday. Otedola and his companies were the biggest debtors in the country, according to information released from the Central Bank of Nigeria last month. The ... Read More »

Why there is fuel scarcity in Lagos, by NNPC

Nigerian National Petroleum Corporation (NNPC) yesterday said that it has taken measures to end the current fuel scarcity in Lagos and some parts of the country. Acting Group General Manager, Group Public Affairs Division of the Corporation, Mr. Fidel Pepple, said the fuel shortage was due to the shutdown of system 2b, a major pipeline that evacuates between nine to ... Read More »

Labour set to close Mainstreet bank Next week

ASSOCIATION of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has given the management of Mainstreet Bank Plc one week ultimatum to settle the entitlement of sacked workers or face a nationwide disruption of operations. The association also called on Nigerians to intervene in the issue, as the management of Mainstreet Bank Plc had refused to settle its sacked ... Read More »

Another Access Bank Staff Dies of Hypertension,see pic of the Guy.

Barely two weeks after a female staff of the controversy-prone Access Bank died of heart-attack because of her inability to meet up her target, today, another male staff, Caleb Ogbonnaya of E-Banking at Oyin Jolayemi branch, Victoria Island, Lagos, slumped about three hours ago in the office.   Unfortunately, he died before he could get to Premier Hospital.  Curiously, in the ... Read More »

MoneyGram continues its support for education in Nigeria.

Donates over 25,000 notebooks and other school supplies with agents… As part of its corporate social responsibility initiative in Nigeria, Moneygram International has concluded arrangements to flag off the 2012 edition of its Gear Up for School consumer reward program. The corporate social responsibility (CSR) arm of this will see MoneyGram distribute learning materials to thousands of public school students ... Read More »

13,000 Graduates Apply to be TruckDrivers in Dangote

Contrary to the expectations of many Nigerians, a deluge of applications has followed the recent advertisement by Dangote Group for university graduates to work as truck drivers at the group’s cement manufacturing subsidiary.   “We have received about 13,000 applications and we are looking for just 2,000 people,” a top-level management staff at the Lagos head office of Dangote Group ... Read More »

Airtel Partners with Sproxil to Fight Drug Counterfeiting in Africa

Airtel Partners with Sproxil to Fight Drug Counterfeiting in Africa   Service will allow consumers to verify genuine Medications on mobile phones within no time through a text message. Initiative aimed to bring drug authentication service closer to a population of over 450 million people in 17 countries across Africa.   Nairobi, 27th August, 2012 – Bharti Airtel, (‘Airtel’), a ... Read More »