OTHER BUSINESSES

The Nigerian National Petroleum Corporation (NNP) has given the assurance that Nigerians are to enjoy improved electricity supply as efforts by to boost power generation yield results following a sustained increase in gas supply to power plants. The corporation gave the assurance in its March 2017 edition of the Monthly...

Nigerian Electricity Regulatory Commission (NERC) has stated that electricity consumers that were not provided with prepaid meters as at March 1 to stop paying electricity bills presented by Distribution Companies (DISCOs) on the basis of estimated billing methodology. The commission also ordered the DISCOs not to disconnect any such customer...

Real Madrid, Portuguese striker Cristiano Ronaldo remained atop Forbes magazine's list of 100 highest-paid athletes, with Cleveland Cavaliers star LeBron James moving up to second on a list heavy on NBA players. The 32-year-old Portugal forward is estimated to have earned a total of $93 million between his football salary...

Transcorp Hotels Plc has announced the reopening of the Executive Floors and Lounge of its flagship Transcorp Hilton Abuja. The reopening marks a milestone in the on-going $100 million renovation project of the historic and award winning 5-star hotel, leading up to its 30th anniversary commemoration this year. According to...

Royal Dutch Shell lifted force majeure on exports of Nigeria's Forcados crude oil, a spokeswoman said on Wednesday, bringing the country's oil exports fully online for the first time in 16 months. "SPDC is grateful to various stakeholders, particularly the federal and Delta State governments, security agencies, NNPC and communities...

Just like Nigeria, South Africa has entered recession for the first time in eight years, data from Statistics South Africa showed on Tuesday. Data from Statistics South Africa in Pretoria showed the first quarter contraction was led by weak manufacturing and trade. According to the data, South Africa’s economy contracted...

Despite the current economic challenge that has adversely gripped the telecommunications industry, ZTE Nigeria Limited, at the weekend, expressed commitment to continue investment in the economy, especially in the development of local human capital. ZTE Nigeria Limited is the Nigerian subsidiary of ZTE Corporation which is one of the leading...

The Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) has condemned the proposed N5 petrol levy by the Senate, describing it as a huge joke. Alhaji Tokunbo Korodo, the South-West Chairman of NUPENG, said in Lagos on Saturday that the proposal was ill-timed and also smacked of insensitivity to...

Dr Adetunji Oredipe, ‎the World Bank Task Team Leader, says the Graduate Unemployment Youths Support Scheme (GUYSS) will enhance food production and create job opportunities in Nigeria. Oredipe told News Agency of Nigeria (NAN) in Abuja on Thursday that GUYSS was a new initiative of the World Bank-assisted FADAMA III...

Acting President, Prof. Yemi Osinbajo, has given the Lagos State Government permission to go ahead with a total reconstruction of the International Airport Road from Oshodi. In a statement on Wednesday by the Secretary to the State Government, Tunji Bello, Governor Ambode commended Osinbajo for his statesman like approach and...