African telecommunications giant MTN warned shareholders Monday to expect big losses caused by a $1 billion regulatory fine in Nigeria, damaging foreign exchange rates and a share offering to promote black empowerment in South Africa. A statement from the South Africa-based company said it would announce full-year losses for 2016 on Thursday. MTN said it…
A former Minister of Finance Shamsudeen Usman has noted that the country has a huge infrastructural gap. He spoke at the 2017 Annual Seminar of Kaduna Chamber of Commerce, Industry, Mines and Agriculture [KADCCIMA], In a paper, “Promoting Public Private Partnership As a Panacea for Accelerated Growth and Development” Mr Usman said the country needs…
The Nigerian Army has again commended Governor Seriake Dickson of Bayelsa State for placing security as one of his administration’s top priority and for his continued support to security agencies, as well as the provision of modern crime fighting equipments. The Chief of Army Staff, Lt. Gen. Tukur Buratai gave the commendation, when he led…
The Rivers State chapter of All Progressives Conference [APC] has condemned the announcement of Jerome Eke of the Peoples Democratic Party [PDP] as winner of the Saturday’s supplementary re run Etche/ Omuma Federal Constituency constituency election. THE party said this is because the election had earlier been declared inconclusive by the Returning Officer Professor Olatunbosun…
A former governor of Lagos state, Senator Bola Ahmed Tinubu, has said that he cannot rule out the possibility of fighting for presidential office in Nigeria. He said this on Friday during the inauguration of Rotimi Akeredolu (SAN) as the newly elected governor of Ondo state. Tinubu said vying for any office in Nigeria is…
Former President Olusagun Obasanjo has decried calls for a National Conference on the way forward for Nigeria describing such conference as a distraction. The former president who, described such conferences as distractions, said he did not bother to read the report of the last one organised by former President Goodluck Jonathan. Mr. Obasanjo stated this…
The Secretary to Government of the Federation (SGF), Babachir Lawal, has said that President Muhammadu Buhari is laying a solid foundation for the future generation through his leadership style. Mr. Lawal spoke at a roundtable with top government officials in Owerri on Saturday. The SGF was in Owerri on Friday where he was conferred with…
Some International donors across the world have promised a donation of $670m for relief operations in the North East of Nigeria affected by Boko Haram devastation. This was revealed in Oslo capital of Norway on Friday at the United Nations Humanitarian Conference on Northeast Nigeria and the Lake Chad Region. The United Nations have expressed…
The management of the Nigeria Customs Service, NSC, has set a revenue target of N1.1 trillion for 2017. The Comptroller-General of the agency, Hameed Ali, made this known during a strategy meeting with Customs Area Controllers, CAC. A statement released, Friday, by the agency’s spokesman, Joseph Attah, said the customs boss gave this directive while…
South African Police fired tear gas, water cannon and rubber bullets to disperse hundreds of citizens and non-nationals marching in the capital on Friday, following looting of stores believed to belong to immigrants. THE South Africans made truths their threats to carry out protest against Immigrants on Friday as continued Anti-immigrant violence has flared in…
