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All posts tagged "Nigeria"

  • Subscribers lose N31bn in drop calls to telecom operators

    On a rough estimate, Nigerian subscribers may have spent well over N31.02bn on dropped and unconnected calls since January last year, owing to poor quality of services from the telecom operators. Most networks in the country claim...

    • Posted February 4, 2013
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  • Squandering of $67b reserves: Ezekwesili stands firm

    AMID denials and counter-allegations, former Vice President of the World Bank, Ms. Obiageli Kathryn Ezekwesili, has renewed her charge of government frittering $67 billion reserves, including accruals to the Excess Crude Account (ECA), in the last six...

    • Posted February 3, 2013
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  • Capital Oil drags Access Bank to Court over contempt

    Capital Oil and Gas Limited and its Chief Executive Officer, Ifeanyi Ubah, have begun to initiate contempt proceedings against Access Bank Plc and some of its principal officers. It follows the banks alleged refusal to comply with...

    • Posted February 3, 2013
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  • Adebija says labour market needs major intervention

    Trainer and Chief Executive Officer of Ashton & Layton Nigeria, Gbenga X-adebija, has lamented the dilapidated labour market, which he said results from declining educational standard in the country. He described the market as one that requires major...

    • Posted February 2, 2013
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  • Sinopec set to acquire Afren’s $1bn assets

    China Petrochemical Corporation, Sinopec, has announced plans to acquire Afren Plc’s assets valued at N157 billion ($1 billion) in Nigeria and other part of the globe. According to a source who asked not to be named, Sinopec...

    • Posted February 2, 2013
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  • Saraki says N8bn fines FG slapped on Shell, Chevron is unconstitutional

    Chairman, Senate Committee on Environment, Mr. Bukola Saraki has declared as unlawful and unconstitutional, the $8 billion fines being sought by the Federal Government of Nigeria against Royal Dutch Shell and Chevron for oil spills in the...

    • Posted February 2, 2013
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  • Faulty credit system is killing SMEs, local manufacturers – Okeke

    Over the years, investigation had revealed that apart from the epileptic power supply that has affected business operations at every level in this country, poor credit facility has been a major challenge of local manufacturers. In this...

    • Posted February 2, 2013
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  • iROKOtv to launch Nollywood Mobile App on Nokia Lumia

    Streaming ‘Nollywood’ movie service iROKOtv has announced that it is partnering with Nokia to launch the Nigerian company’s first mobile app, exclusively on the Windows Phone platform on its Lumia range. The deal is a way of...

    • Posted February 1, 2013
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  • Nigeria parleys with Canada on stronger economic ties

    Nigeria and Canada have resolved to strengthen trade and investment ties between both countries by leveraging on areas of competitive and comparative advantage. The two countries also agreed on strategies to double the volume of trade between...

    • Posted February 1, 2013
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  • European Investment Bank ready to invest in Nigeria’s power sector

    The European Investment Bank (EIB) is interested in investing in Nigeria’s power sector, Rogr Kelly, an official of the bank, said on Wednesday in Abuja. He said this when he led a delegation from the bank on...

    • Posted January 31, 2013
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