Business
Shebah exploration and creditor banks, more facts emerge
Facts emerging in the on-going case between Shebah Exploration and its creditor banks which has been reported by few media channels since a Thisday newspaper publication of Sunday October 14, 2018, have provided actual insights. Further investigations into recent reports reveal that actual facts are at variance with contents of…
Read More »FG rejects IMF’s recommendation on taxes
In response to the International Monetary Fund’s recommendation that Nigeria increases its revenue through tax, Finance Minister Zainab Ahmed has said the country has no plans to effect any such hike. Zainab disclosed this while addressing Nigerian journalists on the participation of the Nigerian delegation at the annual meeting of…
Read More »Enugu Electricity Company frowns at increased damage of its properties
Worried by the high rate of vehicular accidents within its network, the management of Enugu Electricity Distribution Company (EEDC), has called for a change of attitude. The electricity company said that the constant damages, not only affects its revenue, but also impacts on the quality of service delivery to electricity…
Read More »Ford targets ‘accident’ warning vehicles
Vehicle manufacturer, Ford is testing connected vehicle technology that could alert drivers to an accident ahead moments after it has happened. Furthermore, the system can provide early warning that emergency vehicles are approaching – and which side of the road they should move towards to avoid being an obstruction. The…
Read More »Union Dicon Salt Plc, five others suspended from trading
Union Dicon Salt plc and five other listed companies were on Monday suspended from trading their shares in the bourse (Stock Exchange) by the Nigerian Stock Exchange (NSE). The NSE stated that the companies were suspended due to failure of filing relevant details of their accounts to the Exchange as…
Read More »EEDC wraps up customers service week with road walk
The Enugu Electricity Distribution PLC (EEDC), as part of its activity to wrap up this year’s Customer Service Week, embarked on a Road Walk. The event which held on Saturday, had both top management and staff of the organisation turn up in their numbers to be part of the seven…
Read More »Five steps to evaluating a DDoS managed service provider
The news that the Southern African Department of Labour was recently able to foil a distributed denial of service (DDoS) attack on one of its external facing servers in early September reminds us that businesses and governments must remain vigilant at all times. While this DDOS attack was unsuccessful, a…
Read More »Business owners enticed with slashed registration charge
The Federal Government on Tuesday announced a 90-day special window for a reduced rate of business registration of N5000. Vice President Yemi Osinbajo made the announcement at the launch of the 19th edition of the Micro, Small and Medium Enterprises (MSMEs) Clinics in Enugu, Osinbajo said the 90-day special window…
Read More »Organisation acquires ‘Dope Magazine,’ enlarges cannabis reach
High Times Holding is acquiring Dope magazine in a $11.2 million deal, the company has said. The Seattle-based Dope magazine publishes eight local editions across six states and ships more than 1 million copies a year through its network, which counts cannabis retailers among its majority. High Times’ acquisition of…
Read More »Ikeja electricity to reduce estimated billing with meter roll-out
In a renewed commitment to deliver the yearnings of customers, electricity distribution company, Ikeja Electric (IE) Plc, has intensified the roll-out of prepaid meters to further close the metering gap within its network. While abiding by the regulator’s guideline which states that all customers have a right to a properly…
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