• Multinational Telecom Company, Etisalat Ends Contract With Olamide as Ambassador

    Multinational Telecom Company, Etisalat Ends Contract With Olamide as Ambassador

    Etisalat has parted ways with Olamide after three years of being an ambassador of the telecommunication company.

    YBNL boss and multiple award winner, Olamide has finally come to the end of his contract with the telecommunication company, Etisalat.

    The news which was delivered via their Instagram page involved a farewell message to the ”Lagos boys” crooner. It would be recalled that Olamide signed for Etisalat three years ago and both parties enjoyed a successful

  • Reps direct oil and gas company to obtain local content approval

    Reps direct oil and gas company to obtain local content approval

    According to reports, the House of Representatives on Thursday directed oil and gas companies seeking expatriate quota get approval from Nigeria Content Development Management Board (NCDMB) before application to the Ministry of Interior.

    The Chairman, House Committee on Local Content, Hon Emmanuel Ekon, gave the directive yesterday at a stakeholders meeting on expatriate quota for Oil and Gas companies in Nigeria.

    Ekon who decried the violation of the Local Content Act by Oil and Gas companies operating in the country, said many […]

  • Dangote acquires gas processing company in Netherlands

    Dangote acquires gas processing company in Netherlands

    As part of its strategy to meet Nigeria’s gas requirements, Dangote Industries Limited has completed the acquisition of Twister B.V., a company headquartered in The Netherlands.

    Twister B.V. delivers reliable, high-yield and robust solutions in natural gas processing and separation to the upstream and midstream oil and gas sectors.

    Twister’s unique separation capabilities are designed for augmenting production and streamlining processes, to capitalise on high-yield gas processing for maximising revenues.

    Twister B.V. used to be owned by Shell Technology Ventures Fund 1, before […]

  • Governor Tambuwal appoints new helmsman for Sokoto Investment Company

    Governor Tambuwal appoints new helmsman for Sokoto Investment Company

    Governor Aminu Waziri Tambuwal of Sokoto State has approved the appointment of Aliyu Bala Sokoto as the new Managing Director of Sokoto Investment Company.

    A statement issued by the Governor’s spokesman, Malam Imam Imam, said the appointment took effect on August 18, 2016.

    Until his appointment, the new MD served as the Business Development Manager in First Bank of Nigeria Plc.

    Sokoto was born in November 1975 and attended Usmanu Danfodio University, Sokoto, where he graduated with Bsc in Management Studies in 1999.

    He […]

  • Company to provide 5,000 houses annually in Kaduna

    Company to provide 5,000 houses annually in Kaduna

    The Kaduna State Development Property Company said on Monday that it would provide at least 5,000 houses annually as part of efforts to reduce housing deficit in the state.

    The Managing Director of the company, Alhaji Mahmud Gazara, told newsman in Kaduna that the move was part of the state government’s commitment at providing affordable houses to the populace.

    Gazara said that the houses, which would be in the range of low, medium and high cost, would help to shore up internal […]

  • Another South African company, Sun International leaves Nigeria

    Another South African company, Sun International leaves Nigeria

    Sun International, with 49 percent stake in Federal Palace Hotel, says it is leaving Nigeria, owing to “challenging economic conditions and regulatory dispute”.

    The hospitality and gaming company, which becomes the fourth major South African company to exit Nigeria in 2016, said the controversial detention of five of its staff by the Economic and Financial Crimes Commission (EFCC) spurred its decision to exit Nigeria.

    “Continued setbacks in Nigeria as well as the ongoing shareholder dispute have frustrated all attempts to develop and […]

  • FG spent $10bn on Ajaokuta Steel Company – Minister

    FG spent $10bn on Ajaokuta Steel Company – Minister

    The Minister of State for Solid Minerals Development, Mr. Abubakar Bawa-Bwari, said on Thursday that the Federal Government had spent over $10bn on the Ajaokuta Steel Company in the last 35 years.

    He also said the government escaped paying damages in excess of $525m to Global Infrastructure Holdings Limited by signing a modified concession agreement with the latter to enable the firm to retain the National Iron Ore Mining Company, Itakpe. The modified seven-year concession agreement was signed on August 1, […]

  • Lagosians Left in Shock as Company Showcases ‘Driver-less’ Car Publicly (Video)

    Lagosians Left in Shock as Company Showcases ‘Driver-less’ Car Publicly (Video)

    Lagosians were stunned with the brief exhibition of an autonomous vehicle (driverless) on a major road which stunned a group of residents.

    Research programmes in developed countries have progressed in the production of driverless cars over the years and it seems Nigeria has been integrated into fray through the showcasing of the first driverless vehicle in Lagos, Nigeria on the 2nd of July, 2016.

    A company named Techplus is leading the technological campaign with a successful exhibition of a beautiful spot car […]

  • 64-year-old Woman Arraigned in Court for Duping Company of N3m

    64-year-old Woman Arraigned in Court for Duping Company of N3m

    An elderly woman who allegedly duped a victim of a huge sum of money in a land sale scam is being made to face the tune of her music in court.

    A 64-year-woman, Iyabo Adeoti, was on Friday arraigned at the Ikeja Chief Magistrates’ Court in Lagos for duping a company of N3m.

    According to the News Agency of Nigeria, Adeoti, a trader, who lives at No. 6, Old Otta Road, Alagbado, Lagos, is now facing a two-count charge of conspiracy and […]

  • How Dasuki ordered payment of $40m to company owned by Jonathan’s cousin – Witness tells court

    How Dasuki ordered payment of $40m to company owned by Jonathan’s cousin – Witness tells court

    A prosecution witness, Ibrahim Mahir on Tuesday told a Federal High Court, Abuja how former National Security Adviser to the immediate past President, Col. Sambo Dasuki(rtd) authorized the payment of $40m into the bank account of Oneplus Holding, a company owned by a cousin to the former President, Azibaola Roberts.

    Mahir informed the Justice Nnamdi Dimgba-led court that after Dasuki instructed him to prepare a payment mandate of 40 million dollars in favour of Azibaola’s company, the former NSA went ahead […]

  • 50 Cent’s Boxing Company Files for His Bankruptcy Case to be Dismissed

    50 Cent’s Boxing Company Files for His Bankruptcy Case to be Dismissed

    New reports have just confirmed that 50 Cent’s boxing company SMS Promotions has gone back to court, asking that his bankruptcy suit be dismissed as he is no longer owing any major creditors linked with the boxing company.

    According to the Jasmine Brand, the boxing company, which was included in the rapper’s assets when he filed for the Chapter 11 bankruptcy last year, is asking that the case be dismissed as the company has paid off its major creditors.

    SMS promotions reportedly […]