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Posted in NAIJA BIZ

Main reason Dangote Sugar Refinery CEO may step down soon

Group Managing Director (GMD) of Dangote Sugar Refinery, Abdullahi Sule, may resign his appointment soon. Sule has obtained the gubernatorial ticket of the ruling All Progressives Congress (APC) for Nasarawa State.  Incumbent Governor Tanko Al Makura, will be rounding off his second term next year. The GMD joins the likes of…

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Posted in Naija News

Cross River seedlings factory records its first harvest

The Cross River State Rice Seeds and Seedlings factory which was commissioned few months ago by President Muhammadu Buhari has recorded its first seeds harvest. The factory with the capacity to generate over N14 billion as revenue annually to the state will process seeds and seedlings for hybrid rice cultivation for…

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Posted in NAIJA BIZ

Nigerian cargoes struggle for buyers as oil prices hit $84

The Nigerian crude struggled to find buyers as Nigerian cargoes were slow with an overhang of close to 20 unsold cargoes from the 58-strong October loading programme, while the November programme, the largest in six months, had seen fairly muted demand so far. This is just as the price of…

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Posted in Naija News

Lagos APC primaries: Ambode’s commissioner speaks on exercise

Uzamat Yusuf, Lagos State Commissioner for Wealth Creation and Employment has commended the All Progressives Congress, APC for the adoption of a direct primary for its gubernatorial election in the state. Yusuf, speaking at the APC Secretariat in Agbado Oke-Odo after the party’s primary between Gov. Akinwunmi Ambode and his…

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Posted in NAIJA BIZ

Manufacturers Association makes moves to position Nigerian goods

The newly-elected President of the Manufacturers Association of Nigeria (MAN), Mr Ahmed Mansur, has spoken about the Association’s plans to present a compendium of local manufacturers to the Federal Government. This will serve as a guide to all Government procurement activities, and by extension avail Nigerians the opportunity to easily access…

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Posted in NAIJA BIZ

MTN Nigeria to consider new means of trading shares

The Chief Financial Officer (CFO), MTN Nigeria, Ralph Mupita has made known the telco’s plan to explore other means of trading its shares aside from being a listed company on the Nigerian Stock Exchange (NSE). Though the decision is yet to be finalised. Mupita maintained that the new share unbundling idea is…

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Posted in NAIJA BIZ

Oil prices rise towards $90, Asia stocks slip

Asian stocks fell on Tuesday as the lift from an agreement that saved the North American free trade deal faded, with cautious views on the global economy curbing risk sentiment. In commodities, U.S. crude futures were up 0.4 percent at 75.60 dollars a barrel. Crude contracts surged nearly three per cent…

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Posted in NAIJA BIZ

FG suspends Recapitalisation of insurance sector

Barely two weeks after Justice Muslim Hassan of a Federal High Court in Lagos ordered the National Insurance Commission (NAICOM) to put a hold on the implementation of the proposed minimum solvency capital policy which was scheduled to start from September 14, 2018, the Federal Government has suspended the implementation of…

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Posted in Naija News

Taraba Guber primary: 8 APC aspirants call for cancellation

Eight out of the 10 governorship aspirants of the All Progressives Congress (APC) in Taraba on Tuesday called for cancellation of the party’s governorship primary election in the state due to alleged irregularities. The Spokesman for the aggrieved aspirants, Chief David Kente, who made the call at a news conference in…

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Posted in Naija News

Nigeria at 58: Yoruba Youth Council calls for disintegration

The youth arm of the Pan-Yoruba social-political group, Afeniferere, Yoruba Youths Council, YYC, Ondo State chapter has called for the disintegration of Nigeria. The group in a statement, He  stressed that most Nigerian youths no longer believed in the Nigeria project. In the statement signed by the Chairman of the group,…

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Posted in Naija News

APC clears Uduaghan, Amosun, Ajimobi, Shettima for senate

The All Progressives Congress screening panel for senatorial aspirants has released the list of aspirants cleared to contest the senatorial elections next year. Among the aspirants cleared are former Delta state governor Emmanuel Uduaghan, Governors Ibikunle Amosun, Abiola Ajimobi, Tanko Al-Makura and Kashim shettima. In Lagos and Ondo states, all the…

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Posted in Naija News

Lagos APC primaries: Party NWC dissociates itself from ongoing election

The National Working Committee (NWC) panel in charge of the All Progressives Congress (APC) governorship primary election in Lagos state, has dissociated itself from the ongoing exercise. The committee has kicked against the option A4 mode used in the election, expressing preference for secret ballot system, The Cable reports. Chairman of…

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Posted in Naija News

Lagos APC primary: Sanwo-Olu heading for landslide victory over Ambode

Babajide Sanwo-Olu is currently leading in the Lagos gubernatorial primary elections conducted by the All Progressives Congress (APC) on Tuesday. Sanwo-Olu, who is the ‘anointed candidate’ of the APC’s National Leader, Asiwaju Bola Tinubu, appears to be heading for a landslide victory over the incumbent Governor, Akinwunmi Ambode, according to…

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Posted in Naija News

Imo APC primaries: Hope Uzodinma floors Okorocha’s son-in-law, Nwosu, wins guber ticket

Senator Hope Uzodinma has defeated Governor Rochas Okorocha’s son-in-law, Uche Nwosu to win the All Progressives Congress gubernatorial ticket. Uzodinma recoreded 423,895 votes to pick the party’s ticket in the election conducted on Tuesday. Nwosu came seventh with just 10, 329 votes. The result was signed by the returning officer, Ahmed Ali…

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Posted in Naija News

APC releases names of cleared senatorial aspirants for 36 states [Full list]

The All Progressives Congress (APC) has released a list of aspirants screened and cleared for senatorial primaries. The list was approved by the National Working Committee (NWC) of the party. The exercise will hold across states this week. Yekini Nabena, APC National Publicity Secretary on Tuesday. SOUTH SOUTH AKWA – IBOM STATE S/N…

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Posted in NAIJA BIZ

SEC partners FSD Africa to boost investors’ confidence

The Securities and Exchange Commission (SEC) and FSD Africa have concluded a £450,000deal. The deal which was concluded over the weekend will strengthen the regulatory structure and investment protection function of the SEC. British Deputy High Commissioner, Laure Beaufils, during the signing, said for the country’s capital market to attract the…

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Posted in Naija News

Osun election result: Senator Adeleke makes shocking revelations

The candidate of the Peoples Democratic Party, PDP, in the just concluded Osun state governorship election, Senator Ademola Adeleke has alleged that the ruling party, the All Progressives Congress, APC planned to kill him at the state capital, Osogbo, during the election. The lawmaker has vowed to contest the result of…

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Posted in Naija News

Buhari cancels FEC meeting over APC primaries

This week’s Federal Executive Council (FEC) meeting has been postponed, the presidency has confirmed. A statement by the Special Adviser to President Muhammadu Buhari on Media and Publicity, Femi Adesina in Abuja on Tuesday, explained that the postponement was to allow some members of the cabinet involved in the ongoing party…

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Posted in Foreign hub

Melania Trump arrives in Ghana on solo African trip

U.S. first lady, Melania Trump, arrived in Ghana on Tuesday for her first extended international trip alone to Africa. The U.S. first lady touched down at mid-morning in Ghana’s capital, Accra, where she was greeted by the country’s first lady, Rebecca Akufo-Addo, and a young girl who offered her flowers. A…

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Posted in Naija News

Lagos APC Primary: Dep. Gov. Adebule dumps Ambode

The Lagos State Deputy Governor, Dr Idiat Adebule on Tuesday abandoned Governor Akinwunmi Ambode to support Mr Babajide Sanwo-Olu in the two-horse race to pick the ticket to represent the All Progressives Congress (APC) in the 2019 governorship election. Adebule told newsmen at Ward A and D, in Iba Local…

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