LAGOS — ORGANISED labour in the nation’s electricity industry has directed workers of the Power Holding Company of Nigeria, PHCN, to begin an indefinite industrial action from today, over unpaid monetisation arrears among others. Under the umbrella of National Union of Electricity Employees, NUEE, the union in a circular with reference number. 12/2010 and dated [...]
Zain Nigeria, recently bought by Bharti Airtel, has introduced free Short Message Service and lowered tariff for calls made to numbers within (on-net calls) and out of the networks (off-net calls). A statement on Monday said that these were parts of benefits designed to give its customers more value. Also, the telecom company has extended [...]
THE Federal Government, yesterday, said it was ready to complete the unbundling of the Power Holding Company of Nigeria, PHCN, as part of efforts to revamp the company and enable it to provide efficient service to consumers. The Minister of State for Power, Arc. Nuhu Sombo Wya, said at a workshop on the Review of [...]
In an apparent deference to what many Nigerians have always known, the National Bureau of Statistics (NBS) has revised inflation figures, backdating it to last November. The figures, which are yet to be released officially, said year on year consumer inflation stood at 13 percent, compared to 14.1 percent revised for June. Previous official inflation [...]
An indigenous oil company, Eternal, has won a N2.2 billion contract to supply fuel to Egbin thermal station as part of plans by the government to improve electricity supply nationwide. The contract is expected to be executed in three months. Egbin Chief Executive Officer (CEO), B. Ogbonna, said it would raise generation capacity that would [...]
The Securities and Exchange Commission yesterday named Emmanuel Ikhazobor as interim administrator to oversee the Nigeria Stock Exchange (NSE) pending the appointment of a new director general, but sources say Yvonne Fasinro, JP Morgan Chase Country Lead for Nigeria, will soon be named the substantive director general. Mrs Fasinro, a seasoned banker, has an impressive [...]
No sooner had Erastus Akingbola, the former chief executive of Intercontinental Bank, arrived at the premises of the Economic and Financial Crimes Commission (EFCC) yesterday, than his travelling documents were seized by the agency who had, since last year, declared him wanted. Furthermore, as at press time, Mr. Akingbola remained in the custody of the [...]
Businessman sues bank over alleged N12.2m fraud ONITSHA—AN Onitsha-based car dealer, Gostar Investment Limited, has dragged the United Bank for Africa, UBA Plc, to court for alleged fraudulent transaction involving N12.2 million. When the case came up at an Onitsha High Court, the presiding Judge, Justice B. C. Anulude, adjourned it for a pre-trial conference. [...]
Globacom wins licence in Gambia, 6th in Africa Africa’s telecommunication giant, Globacom, has received yet another boost in pursuit of its vision to be the biggest and best telecom operator in Africa with the winning of a licence to operate telecom services in Gambia. The licence, the sixth the company has so far won in [...]
LAGOS—SECOND national operator, Globacom, might have decided to pull out its operations from Ghana. Vanguard gathered that the decision might not be unconnected with allegations of sabotage and several challenges from some local Ghanaian interests that did not want the company’s nationwide plan to take off. A source close to the company said that some [...]
SAN MATEO, Calif. — Two years into a merciless downward spiral, Antonio Moore was threatened with living on the street “It just seems like no one wants my skills.” ANTONIO MOORE, a former mortgage consultant who now works as a cook. He had lost his $75,000-a-year job as a mortgage consultant, his three-bedroom house with [...]
So strong was the anti-business sentiment for the first Earth Day in 1970 that organizers took no money from corporations and held teach-ins “to challenge corporate and government leaders.” Forty years later, the day has turned into a premier marketing platform for selling a variety of goods and services, like office products, Greek yogurt and [...]
President Obama took his rhetoric of reform on Thursday to the nation’s financial capital in a high-profile foray to chide Wall Street bankers for their “reckless practices” and to press for tighter regulations meant to avert another financial crisis. President Obama talked of Wall Street’s “reckless practices” in his address to the top bankers on [...]
WASHINGTON — In a rare public dissent, a member of the committee that officially dates the turning points in the nation’s business cycles said on Monday that he thought that the recession ended last June and that the panel should have said so. The committee, part of the National Bureau of Economic Research, announced on [...]
The Nigerian Export Promotion Council has said that over N70bn was realised from the exportation of yams in 2009. The General Manager (South-West), NEPC, Mrs. Osibo Omowunmi, made this known in an interview the News Agency of Nigeria in Lagos on Monday. She said that the N70bn export value was higher than the N56bn recorded [...]
Google has added anew way for Blogger blogs to be monetized from within their system – an integration with Amazon Associates program. Previously the ‘monetize’ tab on the back end of Blogger blogs only had options to set up AdSense – but today you can now do the same with Amazon.
