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1st Apr 2020 @ 19:56

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Blue Seal Energy group sites $12.5m chemical plant in Lagos

Blue Seal Energy Group, a Nigerian indigenous energy solutions company, has commenced the siting of a 35,000 capacity chemical production plant, worth $12.5 million, in Nigeria. The chemical plant which is being strategically situated beside a mega refinery that is equally being built along the area, would be sited at Block A, Blue Seal Chemical Road, Ibeju-Lekki, Lagos.

Jeff Bezos sells $4.1 billion of Amazon shares

World's richest billionaire, Jeff Bezos
World's richest billionaire, Jeff Bezos, has sold off $4.1 billion of his stakes in Amazon.com Inc. Bezos who split with his wife, MacKenzie Bezos, in 2019 had seen him share all his wealth with his divorced wife.

BREAKING: Inflation rate jumps to 11.98% as border closure drags on

Inflation, Nigeria,
Nigeria’s inflation rate rose year on year from 11.44% as at the end of 2018 to 11.98% by December 2019. This was disclosed in the latest inflation report released by the National Bureau of Statistics (NBS).

MTN wins data war, as 1.88 million subscribers dump Glo, 9mobile 

MTN and GLO logo
The battle for a greater data market share among Telcos in Nigeria continues to heighten, as Nigeria’s largest mobile telecommunication company, MTN, led the pack, second month in a row. Operators in the industry showed no signs of relenting on their efforts to outsmart each other for market share in the industry

Breaking: Buhari Signs into law 2019 Finance Bill

Buhari: signs the minimum wage bill into law
President Muhammadu Buhari has signed in to law the finance bill of 2019 sent to him for his assent by the country's lawmakers.

Dangote reveals secret steps to success in business

Alhaji Aliko Dangote
Africa's richest man and President of Dangote Industries, Aliko Dangote,  has disclosed secret steps every black and white man should take toneeded to be...

StarTimes bags FA cup broadcast rights

StarTimes
StarTimes has acquired broadcast rights for the Emirates FA cup in Sub-Saharan Africa from January 4 th 2020, the company revealed at the weekend.

Air Peace to Buhari’s Govt: Bar foreign airlines from domestic operations

Air Peace airline
Air Peace has asked the President Muhammadu Buhari-led Federal Government to prevent foreign carriers from operating domestic flights in the country.

Buhari sacks Fowler, appoints Muhammad Nami as FIRS boss

Federal Inland Revenue Service (FIRS)
President Muhammadu Buhari has literally sacked Babatunde Fowler as the chairman Federal Inland Revenue Service (FIRS).

BREAKING: CBN mulls LDR increase to 70%

CBN Gov. Godwin Emefiele
The Central Bank of Nigeria (CBN) is reportedly set to increase banks’ Loan to Deposit Ratio (LDR) to 70% by 2020.