archiveJuly 2016

The Nigerian print media attracted N23.7 billion revenue from advertising in 2015 representing a drop of N2.1 billion as against N25.8 billion it recorded in 2014. This information is contained in the just-released 2015 Mediafacts, a key media resource for marketing professionals in West and Central Africa produced annually by...

The annual report of 2015 released by the Nigerian Ports Authority (NPA) has revealed that about 5,090 oceans going vessels with a Gross Tonnage (GT) of 144.20 million tonnes called at the Nigerian ports in 2015. The report shows that all the ports in the country recorded a decrease in...

Ghanaian President, John Mahama has blamed the power interruptions being experienced by the country on sabotage  from Nigeria. Speaking during eid-el-fitr speech at a ceremony in Accra, Mahama said the sabotage of oil terminals in Nigeria occasioned the delay in the supply of crude oil, which Ghana ordered last month....

Mainstreet Bank acquisition Divided board, overbearing chairman TSA trouble Insider relate loans By Wole Tokede Against the widely held beliefs, Business247 Online News can reveal authoritatively that there is a combination of factors that are responsible for the present situation that Skye Bank finds itself. Some of the factors are...

The Central Bank of Nigeria (CBN) has come out strongly to condemn the speculations going round that some deposit money banks in the country are distressed. The apex bank in a press release signed by its Acting Director, Corporate Communications, Mr. Isaac Okorafor  the CBN said its attention  has been...

Oil prices retreated in Asia on Tuesday, with Brent easing below $50 on news of increased production from Nigeria following the repair of infrastructure damaged in militant attacks. Nigeria, Africa’s biggest producer, pumped an average 1.53 million barrels a day last month, up around 990,000 a day from May, according...

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Department of Petroleum Resources (DPR) and  Petroleum Products Pricing Regulatory Agency (PPPRA), have signified their plans to embark on strike and shutdown of the operations and activities in the oil and gas industry. In a press statement signed by...

...Akinola, others to shun Akwa Ibom meeting A former President of the Christian Association of Nigeria (CAN), Most Rev. Peter Akinola and many other religious leaders have declined to attend the meeting of Christian elders scheduled for Uyo, Akwa Ibom State tomorrow (Thursday), investigations have revealed. The meeting was convened...

It was an evening of celebrating iconic brands, corporate institutions and outstanding individuals who have distinguished themselves at the recently held Marketing Edge Brands and Advertising Excellence awards in Lagos. The event which was witnessed by industry leaders in Marketing Communication across Nigeria saw Chivita 100 percent fruit juice recognized...

The Bank of England warned Tuesday that risks to financial stability were materialising after Britain's shock EU exit referendum, as commercial property investors scrambled to pull money out on Brexit fears. The central bank's Financial Policy Committee (FPC) watchdog outlined various risks after Britons had voted last month to leave...