Tourism in Sao Tome and Principe
It’s an idyllic but tiny volcanic group of islands that have produced a beautiful environment off the coast of West Africa. But what do we really know about the democratic
Finally, Aiteo Halts Bayelsa Wellhead Blowout, Begins Remediation Process
Aiteo, operator of the Nigerian National Petroleum Corporation/Aiteo Joint Venture (JV), Oil Mining Lease (OML) 29, yesterday finally succeeded in shutting down the leak on its Santa Barbara wellhead in
Italy’s Antitrust Fines Amazon 1.13bn Euros for Alleged Abuse of Market Dominance
Italy’s antitrust said on Thursday it had fined e-commerce giant Amazon 1.13 billion euros ($1.28 billion) for alleged abuse of market dominance. In a statement the watchdog said Amazon had
Funke Opeke, Judith Gardiner Throw Light on Equinix Acquisition of MainOne
Tuesday, Nigerians woke to the good news that the world’s digital infrastructure company, Equinix, was in the process of acquiring MainOne, a West African data centre and connectivity solutions provider,
$418m Paris Club Refund: Court to Hear Nigeria Governors’ Suit against Payment to Consultants Dec 13
Justice Inyang Ekwo of the Federal High Court, Abuja, on Tuesday adjourned till December 13, for hearing in a motion seeking to temporarily halt the federal government from deducting funds
S And P Global Revises Nigeria’s Sovereign Credit Rating To Positive From Negative
Global leading rating agency, Standard & Poor’s has affirmed Nigeria’s sovereign credit rating at B+ and revised its outlook from negative to stable. This comes about a week after another
Major Outage at Amazon Disrupts Businesses across the US
A major outage in Amazon’s cloud computing network Tuesday severely disrupted services at a wide range of U.S. companies for more than five hours, the latest sign of just how
US-Based Equinix Acquires Nigerian Digital Infrastructure Firm MainOne for $320m
Equinix Inc. is acquiring West African digital infrastructure firm MainOne Cable Co Ltd. at a valuation of $320 million, giving the US data-center investor more exposure to booming connectivity in
Samsung Names New CEOs, to Merge Mobile, Consumer Electronics Units
Samsung Electronics Co Ltd will merge its mobile and consumer electronics divisions, the firm said on Tuesday, naming new co-chief executives in the biggest reshuffle since 2017 to simplify its
Nigeria: $10bn Train 7 Risks Suspension as Senate, Saipem Bicker
The ongoing bickering between the Senate and Saipem Nigeria Limited over alleged violation of the Nigerian Local Content Act in the award of contracts for the delivery of the Nigeria
Omicron: Nigeria Refuses to Restrict Inbound Travellers, Approves Booster Doses
Notwithstanding the raging Omicron COVID-19 variant in Southern Africa and some other parts of the world, Nigeria’s federal government on Friday unveiled a revised COVID-19 protocol, without restricting inbound travellers
South Africa Considers 10-year Visa for Nigerian Business Travellers
In a bid to promote trade between Nigeria and South Africa, the South African High Commissioner to Nigeria, Mr. Thamsanqa Dennis Mseleku has advised more Nigerian businesses, especially financial institutions
Despite Emergency Oil Releases, Omicron Fears, OPEC Sticks to 400,000bpd Supply Hike
Despite concerns over the new Covid-19 variant, Omicron, and recent emergency oil reserves releases by a United States-led coalition, the Organisation of Petroleum Exporting Countries (OPEC) and its allies known
UBA Wins ‘African Bank of the Year’ Award
The United Bank for Africa (UBA) Plc has disclosed that it has been globally recognised as the African Bank of the year 2021 by the Banker Magazine, a leading global
France Invests €200,000 to Enhance Nigeria’s Women Agricultural Skills
France has invested €200,000 towards enhancing the rural women’s skills in producing higher value-added agricultural products and in leading their agri-food enterprise in Nigeria. A statement by French Embassy in
MTN’s N97 Billion Public Offer Opens Wednesday at N169 Per Share
Telecommunications giant, MTN Nigeria, Tuesday announced that its N97 billion public offer to retail investors for the sale of 575 million shares held in the local company by the MTN
AfDB President Adeshina Cautions Nigeria Against Increasing Taxes
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina Tuesday said despite the country’s low tax to Gross Domestic Product (GDP) ratio, the federal government must exercise restraint
World Bank: Nigeria Must Consider Opportunity Cost of Fuel Subsidy
The World Bank Country Director for Nigeria, Shubham Chaudhuri, has called on the Nigerian government to consider the opportunity cost of its continued fuel subsidy practice and decide whether to
Nigeria: Seplat Energy To Acquire ExxonMobil’s Local Shallow-Water Oilfields
Seplat Energy Plc is currently in talks to acquire ExxonMobil’s Nigerian shallow-water oilfields. This was discovered by ARISE News in a statement issued by the company on the Nigerian Exchange
UAE Pledges $2bn to Support Nigeria’s Mining Sector
As part of efforts to support Nigeria’s Mines and Steel Development sector, the office of the past ruler of Abu Dhabi, United Arab Emirates (UAE), His Royal Highness, Sheikh Hamdan
