Business

A Federal High Court in Abuja has refused a prayer by the Federal Government (FG) for the permanent forfeiture of funds in accounts without commercials banks without Bank Verification Number (BVN). Justice Nnamdi Dimgba, in a judgment on Friday, said the prayer could not be granted because the Federal Government has not laid sufficient foundation […]

Christian, aged 10, has 20 pairs of high-end sneakers in his closet at his home in the suburbs of New York. Maxance, who just turned 14, asked his parents for an $800 pair of Adidas shoes for his birthday. He did not get them. “We live in a world where sneakers are basically works of […]

The Federal Government on Thursday signed an agreement with an international tractor manufacturing firm to provide 10,000 tractors to rural farmers across the country. According to the Minister of Agriculture and Rural Development, Chief Audu Ogbeh, the project will ensure effective delivery of the tractors to farmers in the 774 Local Governments Areas of the […]

Britain’s Engineering Company, Rolls-Royce, has decided to cut 4,600 jobs over two years in the latest attempt to cut costs and make more profit. The Chief Executive Officer of the company, Mr. Warren East, said on Thursday in London that the aim was also to create a much more streamlined organization. “Rolls-Royce is at a […]

The Major Oil Marketers Association of Nigeria has announced the appointment of Mr. Clement Isong as its new executive secretary following the retirement of Mr. Obafemi Olawore after over 17 years in the saddle. Members of MOMAN are 11 Plc (formerly known as Mobil), Total Nigeria Plc, Conoil Plc, Forte Oil Plc, OVH Energy (trading […]


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