Category: Business
UNIBEN place ban of all social activities following the murder of a final year student
13 Apr 2023
Management of the University of Benin (UNIBEN) has placed a ban on all social activities on campus following the recent killing of a final year male student identified as Desmond Obukobo Oghenerukhewe. Desmond, popularly called ‘Mayor’ by colleagues, was last week Monday murdered in cold blood right inside his hostel room in the popular hall […]
Continue ReadingDrama as Arik Air Founder was barred from entering company’s premises
13 Apr 2023
There was a mild drama at Murtala Muhammed International Airport, Lagos, the headquarters of Arik Air, as the Chairman/Founder of the airline, Chief Johnson Arumemi-Ikhide, was barred from entering the company’s premises. Arumemi-Ikhide with some of his aides had arrived the premises of the airline in line with the court order which granted him access […]
Continue ReadingPeak Milk apologizes to Christians for offensive Easter advert
13 Apr 2023
The management of FrieslandCampina WAMCO Nigeria Plc, manufacturers of Peak Milk, has apologised to the Christian Association of Nigeria for using the crucifixion of Jesus Christ as a metaphor to promote their product on Good Friday, saying the social media’ advertisement has been withdrawn. While acknowledging the sensitivity of the social media post “considering the […]
Continue ReadingNNPC failed to account for N102bn oil delivery to refineries
07 Apr 2023
The Nigerian National Petroleum Corporation has failed to account for oil delivery to Warri and Kaduna refineries amounting to N102bn, according to a Senate report. The Senate yesterday considered and adopted the report of its Committee on Public Accounts which probed the spendings of government agencies using the 2016 audit report. The report said in […]
Continue ReadingBitcoin platform, with over one million Nigerian users, has been shut down
06 Apr 2023
Paxful, a global Bitcoin marketplace with strong roots in Africa, particularly Nigeria, is ceasing operations and refunding users’ funds. Ray Youssef, the CEO, cited mass staff departures and increasing regulatory issues as reasons for the company’s closure. The peer-to-peer Bitcoin platform is popular in Africa, with Nigeria and Kenya ranking high on the volume-by-country list. […]
Continue ReadingFounder of cash app stabbed to death
06 Apr 2023
The founder of Cash App and former chief technology officer of Square, Bob Lee has been stabbed to death. According to sources, the tech executive was stabbed early Tuesday morning near downtown San Francisco, KPIX reports. Police said officers responded at about 2:35 a.m. to a report of a stabbing in the 300 block of […]
Continue ReadingFG to demolish Bishop Oyedepo’s hangar
05 Apr 2023
Minister of Aviation, Hadi Sirika over the weekend vowed to demolish two hangars located at the Murtala Mohammad Airport Ikeja in order to pave way for the expansion of the terminal apron. One of hangars is Dominion Hangar, belonging to the General Overseer of Living Faith Ministry, Bishop Oyedepo while thhe other, Evergreen Apple, belongs […]
Continue ReadingMinister of Aviation under fire for spending N12 billion on 10 firefighting trucks
04 Apr 2023
Minister of Aviation, Hadi Sirika is under fire for spending a whopping sum of N12 billion to acquire 10 firefighting trucks in Nigeria Airports. Sirika disclosed on Sunday that he commissioned ten firefighting trucks for the Federal Airports Authority, FAAN. In his post through Twitter, a microblogging site, Sirika revealed that FAAN had not bought […]
Continue ReadingBreaking: FG claims LASU’s ban on the sale bread not produced by the university on campus is illegal
31 Mar 2023
The Federal Competition and Consumer Protection Commission has chastised Lagos State University for prohibiting the sale of bread on its campus other than that produced by the university’s bakery. It claimed that the LASU declaration was in violation of the Competition Act. The FCCPC warned the school not to encourage unhealthy competition in bread sales […]
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