The Federal Government has been commended for opening the petroleum sector to local participation. Tony Elumelu, chairman, Transnational Corporation of Nigeria, Transcorp Plc, made the commendation last weekend as Transcorp and the Nigerian National Petroleum Corporation, NNPC, signed a production sharing contract for the exploration and production of OPL 281, under which officials said Transcorp…
Nokia finalises Deal with Microsoft
Finnish telecom giant, Nokia announced on Friday that it has substantially completed the sale of its Devices & Services sector to Microsoft. The company said that the value of the transfer announced in September, 2013, would be slightly higher than the earlier quoted price of 5.44 billion euros ($7.52 billion). The US software giant,…
HarvestPlus To Sell Garri Online
E-commerce is spreading its tentacles across different sectors of the Nigerian economy. To aid buying and selling of agricultural products like Garri, Fufu mash and cassava stem among others, HarvestPlus Nigeria has introduced the 1st e-Market, an online marketing platform, in Nigeria. Paul Ilona, country manager, HarvestPlus Nigeria, explained that the initiative was introduced to…
TAOBAO: China’s Bizarre Response to Ebay, Amazon
With about 500 million registered users, who trade an average of 50,000 items of merchandise every minute, Taobao has become one of the largest e-commerce websites in the world. With its operations covering two major platforms – the TMall, where established brand owners sell directly to customers and the Taobao Market place, where smaller companies…
Ortom Commends Efforts to Transform Enugu Airport
To Samuel Ortom, supervising minister of aviation, the Akanu Ibiam International Airport, Enugu, which is under construction, would be commercially viable after the completion of the renovation exercise. Ortom, who gave the assurance during his inspection tour of the airport to evaluate the stages of completion, explained that prior to the initiation of the project…
PG Group Appoints New MediaShare’s Boss
The Prima Garnet Africa Group, a marketing communications group, has appointed Dele Odugbemi as the new managing director, MD, of MediaShare, it’s media management agency. Until his appointment, Odugbemi worked with Aegis Media Group, South Africa, and was responsible for the business growth and supervising of the General Motors account team in South Africa. He…
Lafarge Cement Combats Building Collapse
To demonstrate its commitment to value adding offerings and solutions, Lafarge Cement at its second national workshop series, contribute its quota towards reducing the menace of building collapse in Nigeria. The workshop, which was held in partnership with the Standards Organization of Nigeria, SON, the Nigerian Society of Engineers, NSE, and the Nigeria Institute of…
Nigeria’s Economy Now the Largest in Africa
Nigeria is now Africa’s largest economy and 26th in the World with a total GPD of $510 billion. To arrive at this position, the West African country frog leaped its South African Counterpart. The country which moved 10 points forward now ranks next to Argentina and just above Austria in the latest world Bank…
Fayrouz Searches For Best Style Team With L’ORIGINAL Expression Show
Following the launch of the Fayrouz L’Original platform in December 2013, Nigeria’s premium soft drink, Fayrouz has announced the search for the best fashion & lifestyle team in Nigeria. Inaugurated to discover and promote young and talented fashion-forward undergraduates in universities across Nigeria, the show, which will see teams of four young creative Nigerians comprising…
NSE Lists Vetiva 30 ETF
The Nigerian Stock Exchange, NSE, has expanded its product offerings via the official listing of Vetiva Griffin 30 Exchange Traded Fund, ETF, on the floor of the exchange recently. Haruna Jalo-Waziri, executive director, business development at the exchange, explained that the new product is an open-ended fund that is designed to track the performance…
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