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MTN talks to buy South Africa’s Telkom said to have stalled
MTN Group Limited’s talks to buy South Africa’s Telkom SA SOC Limited have stalled following a rival proposal from another telecom company, according to people familiar with the matter.…
BREAKING: FG Orders Immediate Reopening Of Dangote Cement Factory In Kogi
The National Security Council (NSC) chaired by President Muhammadu Buhari has directed that Dangote Cement factory in Obajana, Kogi State, be reopened immediately. The council gave the…
FY:21 Geregu Power hits N71bn turnover
Geregu Power Plc has announced that it realised about N71 billion in turnover in 2021. According to an audited earnings report of the power company issued on Monday, substantial increases in…
MTN to offer 365,000 smartphones through financing scheme
MTN Nigeria Communication Plc is set to enable 365,000 Nigerians with access to smartphones by 2023. The telecommunication firm is set to achieve this through its device financing…
Suspend Sale Of Polaris Bank – Reps tell CBN
The House of Representatives has directed the Central Bank of Nigeria (CBN) to immediately suspend the sale of Polaris Bank Plc. The House said the suspension should be until the CBN Deposit…
How we acquired Obajana Cement 100% in 2002 – Dangote Group
The management of Dangote Industries Ltd. (DIL) has explained how it acquired 100 per cent stake of Obajana Cement plc as a shell from Kogi State Government in 2002. The…
NNPC, oil firms agree on 3-month payment deferment at ‘premium cost’
Dwindling crude production has forced the…
Nigeria’s crude oil production drops for third consecutive month — now 937,766bpd
Nigeria’s crude oil production has…
Dangote, Yahaya Bello meet in Aso Rock to resolve Obajana ownership tussle
Aliko Dangote, president of the…
How 62 Airlines Went Moribund Since 1960
Dozens of airlines that operated both scheduled and non-scheduled flight services have gone moribund since 1960 when Nigeria attained independence from the British colonialists,…
Obajana Standoff: Dangote To Approach Court As Kogi Moves To ‘Recover’ Company
Investigations by Daily Trust have revealed that the management of Dangote Group has concluded plans to approach the court this week over the legality of the Kogi state’s vigilante members…
Foreign education gulped $609.5m in eight months — CBN
Nigerians spent $609.5m on foreign education between January and August 2022, The PUNCHhas learnt. The figure is contained in the data obtained from the Central Bank of Nigeria, calculated…
Obajana: Kogi Students vow to seek justice to Intl Court
The National Association of Kogi State Students (NAKOS) has expressed determination to defend the stand of the government over ownership of the Obajana Cement company up to the International…
TAX WAR: MINILS DG urges Kogi govt to seek amicable settlement with Dangote
The Director General, Michael Imoudu National Institute for Labour Studies, MINILS, in Ilorin, Kwara State, Issa Aremu, has criticised Kogi State government for using extra-judicial means to clamp…
N400bn goods rot away over demurrage, shipping costs
There are indications that clearing processes at the nation’s major sea ports may have worsened as major congestion is building up following increase in incidences of container abandonment by…
Shareholders associations knock Kogi Govt, say action on Dangote cement, dangerous for investment
Group of Shareholders Associations in Nigeria…
Nigeria Air: After Ethiopian Airlines Grabs 49% Stake, MRS, SAHCO, Other Local Firms Manage 46%
As Nigerians await the takeoff of Nigeria Air, transaction records have shown that the minority shareholders after the federal government with 46 per cent stake are Nigerian firms comprising MRS (also…
Bet9ja Founder, Kunle Soname Flying Without Wings
A man who has no imagination has no wings. But to soar with eagles, what one needs to do is believe that he or she can fly because to fly high, is to dream big. This above narrative could be linked to…
Crypto scammers make off with $100 million from Binance
Scammers stole cryptocurrency worth roughly $100 million from Binance, the world’s biggest exchange for crypto assets, the firm said on Friday. The total stolen was $580 million, but company…