Category: Business

Yahoo Messenger shutting down July 17

Instant messaging app Yahoo Messenger is shutting down after 20 years of operation. According to Business Insider, the company did not give a reason for the shutdown. The company announced that the messenger will go offline on July 17, taking it out of competition against the more popular ones like WhatsApp, Telegram and Facebook Messenger. Yahoo, in a […]

December Take-off Feasible for National Carrier says NCAA

The Nigerian Civil Aviation Authority (NCAA) says the proposed take-off of a national carrier for December 24 is feasible. According to its Director General, Capt. Usman Mukhar, if promoters of the project follow through with regulatory requirements, the process of getting an Air Operators Certificate (AOC) only takes 90 days, The Nation writes. “The presence of the […]

IPMAN to Commence Work on Multi-billion Naira Refinery

The Independent Petroleum Marketers Association of Nigeria (IPMAN) is set to commence work on its proposed $3 billion (N1.08 trillion) refinery in two states in the federation. The National President of the association, Mr Chinedu Okoronkwo, made the disclosure in an interview with the News Agency of Nigeria (NAN) in Lagos on Wednesday. IPMAN had […]

South Africa: Two persons arrested smuggling $500K to Dubai

South Africa’s Revenue Service has arrested two  persons  after $568,489 (R6.7m )of undeclared currency was seized in baggage checked-in for a flight from Johannesburg to Dubai. “Customs Officials at OR Tambo International Airport intercepted two passengers travelling to Dubai as they were about to board their flight [on Thursday],” the SA Revenue Service’s acting spokesperson […]

Roc Nation 2018 Pre-GRAMMY Brunch! See Photos of Your Fave Hollywood Stars

The 2018 Roc Nation Pre-Grammy Brunch at One World Trade Center on January 27, 2018 in New York City. The event was attended by JAY-Z, Sean Combs, Cassie, Big Sean, Fabolous, Fat Joe, Winnie Harlow and many more. See the photos below. Photo Credit: Getty Images/Kevin Mazur | Theo Wargo 00

$24m refrigerators for Air Force One

The refrigerators in the U.S President’s plane, Air Force One, are being upgraded with the sum of $24 million. The contract for the upgrade by the new government has been awarded to Boeing, Washington Post reported on Sunday. The U.S. Air Force will pay the aeronautics behemoth $23,657,671 to replace two of the five chiller units on […]

Aiteo chief Benedict Peters denies funding Obasanjo’s party

Benedict Peters, founder and vice-chairman of Aiteo Group, one of Nigeria’s leading energy companies, has denied being the financier of a nascent political movement being nurtured by former President Olusegun Obasanjo. The movement is known in the Nigerian media as the “Third Force”, the identity of which emerged in the controversial statement issued by the […]

EFCC Uncovers Diezani’s $1.3bn Withdrawal From NNPC Accounts

There seems to be no end to the alleged mind-boggling financial misappropriation in the former President Goodluck Jonathan administration. In the centre of it all is, according to records unearthed by investigators, former Minister of Petroleum Resources Mrs. Diezani Alison-Madueke. Economic and Financial Crimes Commission (EFCC) detectives have just uncovered the withdrawal of $1.3billion from […]

NNPC releases 250 Trucks to Lagos to Ease Fuel Scarcity

The Nigerian National Petroleum Corporation (NNPC) on Sunday said that it had released 250 trucks of petrol to Lagos metropolis for effective dispensing at filling stations to forestall any scarcity. Ndu Ughamadu, the corporation’s Group General Manager, Group Public Affairs Division, disclosed this in an interview. According to him, there has been a slight change in the […]

Ikoyi Flat: Union Bank loses fight for dollar-filled flat

 Union Bank’s fight for the repossession of the cash-filled Flat 7B Osborne Towers Ikoyi has ended up in smoke. A Federal High Court in Lagos  dismissed the bank’s claim today, ridiculed the bank  as a busybody, just as the court ordered the permanent forfeiture of the property to the Federal Government of Nigeria. The flat attracted […]
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