Nigeria appears to be heavily indebted to China just as the nation battles with a massive debt in excess of $60 billion. The Federal Government of Nigeria’ indebtedness to China…
Magazine
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A leading telecommunication company in Nigeria, MTN has sacked a sizable number of its Nigerian workers leaving many completely devastated. Mobile telecommunications firm, MTN Nigeria, has sacked about 280 of…
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Interviews
Growing Up For Me In The Village Was Tough – Otunba OJO, NICON Insurance ED
by City People May 1, 2017Otunba Stephen Abiodun Ojo is the Executive Director NICON Insurance Limited. He is also the Chairman, Stephen Abiodun Ojo & Co (Chartered Accountants). He also owns Dam Oil Limited and…
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Interviews
JIMOH IBRAHIM & I Have Been Close For 31 Years – Otunba OJO, NICON Insurance ED
by City People May 1, 2017You are working with successful business mogul, Barr Jimoh Ibrahim. How is your working relationship? Working with Barr. Jimoh Ibrahim has been very pleasant. Our relationship didn’t just start today.…
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Google and Facebook have confirmed that they fell victim to an alleged $100m (£77m) scam, PM News reports. In March, it was reported that a Lithuanian man had been…
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Residents of the Federal Capital Territory, Abuja last weekend eulogised telecommunications giant, Globacom, as its stress-busting flagship comedy show, Glo Laffta Fest, hit the capital city. The event which held…
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BusinessIT & Telecoms
Chaos and confusion as Lagos state set to demolish computer village on Monday
by Reporter April 30, 2017The businessmen and women of popular Computer village were thrown into confusion and despair on Saturday, April 29, 2017, as the state government places a 72-hour-notice of demolition at the…
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Brands
Tesla to complete Model S brake fix before regaining top safety rating
by Arinze Ago April 29, 2017Tesla Inc needs to complete fixing its Model S sedan emergency braking system to regain Consumer Reports’ top safety rating, the magazine said on Friday, noting that a recent update…
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Business
Nigeria’s foreign reserves hit $30.8bn, highest since Sept. 2015
by Arinze Ago April 29, 2017Nigeria’s foreign exchange reserves rose to $30.8bn in April, the highest level since September 2015. The increase could be attributed to a recent rise in global crude oil price, and…
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Dr Sarah Alade on Friday retired as the Chairman, FMDQ OTC Securities Exchange following her retirement from the Central Bank of Nigeria (CBN). Alade was the CBN representative on the…