Category: Business

GLOW Health, a wellness and nutrition services company has announced the commencement of its health services to the general public in Lagos, Nigeria. In a well attended ceremony that was held at its Ikoyi office over the weekend, the Founder and Chief Executive Officer, GLOW Health, Miss Adanna Monde, said the business is service-oriented and offers complete, personalized nutrition and health consulting services. Monde, who is an American Registered Nurse, Public Health Consultant and Certified Nutritionist, explained that the company is the first of its kind in Nigeria and boasts of some of…

Latest report by telecommunications industry regulator, the Nigerian Communications Commission (NCC), indicates that national operator, Globacom, remains the preferred network for new subscribers.  The report which is for the month of February showed that  Globacom added 400,879 new subscribers, which was the highest gain by any operator. 9mobile was second with 345,264 new customers, while Airtel came third with 4,559 new users.  Conversely, MTN suffered a huge loss  in the month under review as 1,099,480 of its subscribers left its network.  With the latest NCC statistics, Globacom had 46,004,517 subscribers on its network in February,…

The Organization of Petroleum Exporting Countries (OPEC) is upbeat at the prospect of the Dangote Oil Refinery serving to drive world crude oil refining capacity increase especially in Africa by 2020. The Organization in the current edition of its World Oil Outlook (WOO), said that the Dangote refinery, which is the first privately owned and operated refinery in Nigeria, will refine as much as 650,000 barrels of crude oil per day at installed capacity. Presently, total world oil production in 2019 averaged 80,622,000 barrels per day. Approximately 68 per cent is coming from…

United Bank for Africa (UBA) has rewarded another 20 customers who emerged winners in the second quarterly draw of the UBA Wise Savers Promo with N1.5 million each, bringing the total amount won by 40 customers so far to N60 million. The electronic raffle draw which was held at UBA House on Thursday 18th of April, was witnessed by the Consumer Protection Council, National Lottery Regulatory Commission and Lagos State Lottery, Board. Lucky winners who emerged in the second edition, cut across all regions of the country. They include Alli Abiodun Ganiu, Tari…

Leading corporate organisations within the Nigerian economy were yesterday recognised with special awards for outstanding service at the second anniversary lecture of Freedom Online held in Lagos. Present at the event to receive the award for the United Bank for Africa (UBA) was Mr. Nasir Ramon Olarewaju head of external relations of the bank. Dangote’s outstanding performance award was received by Mr. Francis Awowole Brown while  Dare Folarin received the outstanding award of Glo as the telecommunications company of the year 2018. Other organisations recognised by the organisers include; the…

The management of NASCON Allied Industries Plc has said it would continue to accord its staff due recognition just as it rewarded its truck drivers for meeting product delivery target and driving accident free in 2018. Executive Director, Commercial, Hajiya Fatima Aliko Dangote who presented various gifts to the drivers said the drivers as critical part of the company’s workforce, are the most important assets of the company and would therefore continue to recognize and reward them for meeting targets. Underscoring the importance, NASCON management attached to the roles of…

No fewer than 12 young entrepreneurs from host communities to the Bonny Oil and Gas Terminal in Rivers State have benefited from a N150 million capacity development and empowerment program by The Shell Petroleum Development Company of Nigeria Limited (SPDC). SPDC’s General Manager, External Relations, Igo Weli, who handed over the service entry and final settlement to the beneficiaries in Port Harcourt described the initiative as a product of continuous effort by SPDC and its joint venture partners to empower youths, promote Nigerian content and support community participation in Nigeria’s…

At a time when Europe’s relationship with Africa is high on foreign policy and developmental agendas and with the European Union beginning to deliver on its 2017 External Investment Plan, targeted at attracting investment and job creation in Africa, the Tony Elumelu Foundation brought together leading stakeholders in the development finance sector, at a case study session in the EU capital, Belgium. The convening demonstrated that Africa also had solutions to bring to the table and platformed the Foundation’s unique approach to catalysing entrepreneurship in scale across the continent. Themed “A…

Shell Companies in Nigeria have emerged the International Oil Company with the most impactful Local Content Initiatives in the upstream category at the 2019 edition of the Nigerian Oil and Gas Opportunity Fair (NOGOF) held in Yenagoa, Bayelsa State on April 4, 2019. Shell beat other competitors ,Total and Exxon Mobil to the second and third positions respectively at the 2nd edition of the fair organised by the Nigerian Content Development and Monitoring Board (NCDMB). The Executive Secretary of NCDMB, Mr. Simbi Wabote, who presented the award, singled out Shell…

 – We Urge Stakeholders To Remain Calm The Management of Emerging Markets Telecommunication Services Ltd. (trading as 9mobile) is aware of the news publication being circulated on online news platforms that the Federal High Court sitting in Abuja has nullified the sale of EMTS to Teleology Nigeria Limited. EMTS hereby states that these news reports are incorrect, misleading, mischievous and a total falsehood. The Federal High Court, Abuja did not nullify the sale of EMTS; the court on 1st April 2019 made an order for parties to maintain status quo as…