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NBS Reports Inflation Drops 16.01% in August

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The National Bureau of Statistics on Friday released the Consumer Price Index report, which measures inflation, with the rate dropping year-on-year from 16.05 per cent in July to 16.01 per cent in August. The bureau, in the report, which was made available to our correspondent, said August was the seventh consecutive month that the index would be declining since January ...

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Shoprite Nigeria to Give 22 Cars as “Biggest Birthday Splash”

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Shoprite Nigeria is giving away 22 units of new Hyundai Grand Xcent in the 2017 edition of its annual promotion tagged “Biggest Birthday Splash” which is running until first week of October. A statement from the retailer indicated that cars would be given to buyers of 11 participating products at any of its stores nationwide. “Customers only need to write ...

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NNPC Shuts Down Nation’s Three Refineries for Optimal Performance

Maikanti-Kacalla-Baru

The Nigerian National Petroleum Corporation (NNPC) says the nation’s three refineries would be shut down briefly for an overhaul for optimal performance. The NNPC Group Managing Director, Dr Maikanti Baru, said this in Abuja on Wednesday on the sidelines of the inaugural Nigerian Pipeline Security Conference and Exhibition, organised by the Pipeline Association of Nigeria (PLAN). According to Baru, the ...

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WhatsApp Co-Founder Takes Leave, Starts New Life Chapter

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Brian Acton, co-founder of WhatsApp, now owned by Facebook Inc​,​ ​has announced plan to leave the messaging service company​. ​He made the disclosure in a Facebook post on Tuesday. Acton said, “​After 8 years at WhatsApp, I have decided to move on and start a new chapter in my life. ​”​I am very fortunate at my age to have the ...

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Apple Launches 3 new iPhones

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Apple has launched three new iPhones today at its event in Cupertino: iPhone 8, iPhone 8 Plus, and the iPhone X. The iPhone 8 and 8 Plus is just an upgrade of the existing iPhone 7 models without completely changing the model. It still has home buttons but will have wireless charging. The phones can also shoot video in 4k. ...

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Okorocha Replaces Tricycles with “Keke Marwa” in Imo, Fulfills Campaign Promise

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Tricycle Operators(Keke Marwa) in Imo state will cease to operate in designated areas in Owerri, the State Capital as from Tuesday, September 5, 2017. Only taxis will now be operating in the Capital City. For that reason, the governor shared about 2000 Passat Wagon Vehicles to Keke Operators as a replacement, on Wednesday, August 30, 2017, to enable them comply ...

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Wema Bank in N5.2bn Oil Deal Scandal

Wema Bank MD, Segun Oloketuyi

EFCC wades in, detains, releases bank officials ‘Our hands are clean’ – Wema Staross Energy Limited and Wema Bank Plc have engaged each other on allegations and denial of dud cheques infraction involving about N5.2 billion transactions in crude oil sales. The allegation of Staross Energy Limited was contained in its petitions sent to the Senate, Director of Public Prosecutions ...

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Arik Takes FG to Court, filed N20 Billion Suit

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Owners and former management of Arik Air Limited have filed a N20 billion suit against the Federal Government and Ethiopian Airlines over the proposed takeover bid of the troubled airline. It was learnt that suit was instituted at the Federal High Court, Lagos against Ethiopian Airlines, the Federal Ministry of Transportation and the Attorney General of the Federation. Ethiopian Airlines ...

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Dangote Donates N250m to Benue victims

Alhaji Aliko Dangote

  Alhaji Aliko Dangote, the Chairman, National Committee on Flood Relief and Rehabilitation, says it has provided N250 million as relief assistance to victims of the devastating flood in Benue.   Dangote said on Sunday in Lagos that this was in response to the request by the Benue State Government. He said that the committee had also approved the release ...

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