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Breaking: Shoprite announces plans to discontinue operations in Nigeria
The Board of Africa’s biggest retailer, Shoprite Holdings Limited, has announced plans to discontinue operations in Nigeria after 15 years.
This was disclosed in the company’s operational and voluntary trading update that was…
Edo Modular Refinery at 70% completion, as Obaseki expands state’s industrial base
The Edo Modular and Refinery Company Limited and AIPCC Energy are on the verge of completing the 5500bpd Edo Modular Refinery, a key legacy project by the Governor Godwin Obaseki-led administration to recalibrate the state’s…
FG pays 2020 Group Life insurance premium
The Nigerian Council of Registered Insurance Brokers (NCRIB) says the Federal Government has paid the 2020 Group Life Insurance for all Federal Government workers in full.
The Vice President of the Council, Mr. Tunde Oguntade made the…
COVID-19: Amazon posts biggest profit despite raging pandemic
Amazon.com on Thursday posted the biggest profit in its 26-year history as online sales and its lucrative business supporting third-party merchants surged during the coronavirus pandemic.
Shares of Amazon, the world’s largest online…
48 Million Barrels Of Stolen Crude Oil: NNPC Responds
AFE BABALOLA & CO.
PRESS RELEASE
FAILED ATTEMPT BY AN INTERNATIONAL CRIME SYNDICATE TO INTIMIDATE, EXTORT AND DEFRAUD THE NIGERIAN NATIONAL PETROLEUM CORPORATION AND THE FEDERAL GOVERNMENT OF NIGERIA
We act as Counsel to the…
COVID-19: Shell reports $18bn loss as global oil and gas prices collapse
Royal Dutch Shell has reported a deep financial loss after a record writedown on the value of its oil and gas assets due to the collapse in global market prices triggered by coronavirus.
The Anglo-Dutch oil giant revealed a…
AfDB: Panel clears Adesina of allegations of favouritism
An independent panel has backed an internal African Development Bank probe that found no evidence to support allegations of favoritism by its president, Akinwumi Adesina, paving the way for his re-election to run the continent’s…
FBN Holdings task investors on firms with strong fundametals
FBN Holdings (FBNH) Plc has stressed the need for retail investors to invest in companies with strong fundamentals, sustainable growth and profitability to ensure enhanced returns on investment.
Mr Tolu Oluwole, FBNH Head, Investor…
FG to borrow N4.28 trillion in 2021 to fund budget deficit
The federal government intends to borrow N4.28 trillion in 2021 to fund its budget deficit.
This is according to the 2021-2023 medium-term expenditure framework (MTEF) and fiscal strategy paper (FSP) submitted to the national assembly on…
NLSS Report: Economist tasks FG on Proper Planning
A Development Economist and Chairman, Board of Trustees of Amaka Chiwuike-Uba Foundation (ACUF), Dr. Chiwuike Uba has raised concerns on the lack of evidence-based and empirically supported national and sub-national economic development…