What would have been a major fire disaster in Lagos State was averted Sunday when people joined hands to put out a fire outbreak that would have consumed the official quarters of Lagos State Deputy Governor, Mrs. Adejoke Orelope-Adefulire.
Updated 7 Years ago

Three years into the landing of submarine cables also known as fibre optic cables in Nigeria from separate cable operators, Nigeria is yet to make maximum use of the cable capacities. Main One, one of the cable operators, told THISDAY that Nigeria was yet to utilise 5 per cent of its cable capacities, and that the same was applicable to other cable operators like Glo 1, and MTN WACS.
Updated 7 Years ago

In the last two weeks, activities in the cement sub-sector have been on the downtrend owing to increased importation and has now resulted in a sub-sector average loss of 2.23 percent as investor sentiments in the sector waned, translating to a negative, against the available positive sentiments, (though with cautious bargain) in the general market, BusinessDay investigations have shown.
Updated 7 Years ago

House of Representatives Speaker, Hon. Aminu Tambuwal, Wednesday tactically stood down further consideration of the request by President Goodluck Jonathan for an additional N161,617,364,911 to fund the fuel subsidy scheme.
Updated 7 Years ago

The Nigerian Stock Exchange (NSE) on Wednesday said it would transform the Nigerian Capital Market to gateway of African Capital Markets. Mr Oscar Onyema, the Chief Executive Officer of the Exchange said this in Lagos at the 11TH Annual National Competition for secondary and tertiary institutions and Awards sponsored by the Exchange.
Updated 7 Years ago

Operatives of the Economic and Financial Crimes Commission (EFCC) Wednesday arrested Aminu Lamido, the eldest son of the Jigawa State Governor, Alhaji Sule Lamido over money laundering allegations.
Updated 7 Years ago

Shareholders of United Bank for Africa (UBA) Plc have approved the internal restructuring and reorganisation of the capital of the bank and its members in compliance with the Central Bank of Nigeria (CBN)’s regulation on the Scope of Banking Activities and Ancillary Matters, which repealed the universal banking model under which Nigerian banks hitherto operated.
Updated 7 Years ago

Nigeria's Excess Crude Account (ECA) has accrued to $9.66 billion, just some $400 million away from the federal government's $10 billion target by the end of the year. Announcing the figure after the Federation Account Allocation Committee (FAAC) meeting yesterday in Abuja, Jonah Otunla, the Accountant General of the Federation said the Account has done well so far and that government is on the way to hitting the $10 billion mark.
Updated 7 Years ago

Dutch Prime Minister Mark Rutte won a closely contested election as voters handed pro-European parties a sweeping victory, shunning the radical fringes and dispelling concerns that eurosceptics could gain sway in a core euro zone country.
Updated 7 Years ago

Glo Ghana has acquired two million subscribers in Ghana since it commenced commercial operations in May this year. With this development, Glo Mobile Ghana now has over eight per cent of the market share, a feat that has been described as phenomenal and unprecedented in the country.
Updated 7 Years ago