OTHER BUSINESSES

Minister of Power Works and Housing, Mr. Babatunde Raji Fashola has promised that Nigerians would enjoy an improved power supply by August. He gave the assurance on Thursday at the University of Lagos in a speech he delivered at an event called “Power Sector Reform In Nigeria: Challenges and the...

In obedience to the ultimatum handed Etisalat Nigerian by Abu Dhabi based Emirates Telecommunications Corporation (ETC) also known as Etisalat, Etisalat Nigeria, the mobile cellular network, has dropped the trade name and would henceforth be known as 9Mobile. 9Mobile is also expected to drop the domain name, www. etisalat. com.ng,...

The award winning Transcorp Hilton Abuja hotel in Nigeria is celebrating its 30th anniversary this year, having officially opened its door to its first guest on the 21st of April, 1987. The iconic hotel, which has through the years, hosted Royalty, Presidents, Global leaders, celebrities and other dignitaries, gathered friends,...

Zenith Life Insurance partners Prudential Plc, one of the oldest and most capitalised life insurance companies in the world. According to a statement from Zenith Life on Wednesday in Lagos, the partnership agreement Zenith Life will now trade under Zenith-Prudential Life, it also involves an exclusive bancassurance agreement with Zenith...

Nigeria has no set timeframe to join Organisation of Petroleum Exporting Countries (OPEC)’s oil production cuts, Emmanuel Ibe Kachikwu the nation’s oil minister said on Wednesday. According to him, "Hopefully in the next two to three months we can see how predictable the production return has been and then can...

Nigeria's Dangote Cement plans to invest about $4 billion in the next two to three years to nearly double its production capacity in Africa, a senior executive told Reuters on Tuesday. Edwin Devakumar said the company was seeking to expand across the continent to hit annual production of about 80...

The Cannes Lions Festival of Creativity has named OMD Worldwide the “Media Network of the Year,” after winning one Gold, five Silver and five Bronze lions and earning 14 shortlists in the Media Lions category. Commenting on the feat, the Executive Director and Chief Operating Officer of mediaReach OMD Nigeria,...

Etisalat Nigeria is focused on getting the telecoms group back on track to make a profit after it was saved from collapse, while working on the paperwork to eventually raise new capital. "Our mandate is to make sure the business runs as profitably as it can. What is most important...

• Two nations added enough output to offset Saudi Arabia’s cut • OPEC and its allies would need to review every nation’s quota A proposal that Libya and Nigeria could have to accept limits on their crude production probably wouldn’t be enough to put Organisation of Petroleum Exporting Countries (OPEC)’s...

The Minister of Finance, Mrs Kemi Adeosun, on Monday said only three million Nigerians have insurance policies to protect themselves from uncertainties. Adeosun made the disclosure at the ongoing 2017 National Insurance Conference in Abuja with the theme“Nigeria Open for Business”, stressed that insurance was playing critical roles in the...