Local Business

A Nigerian, who styled himself as Pastor Ernest Chigozie Mbanefo is the mastermind of the suspected Ponzi scheme known as MMM Nigeria.

Chief Eric Umeofia, Chief Executive Officer (CEO), Erisco Foods, has decried the Central Bank of Nigeria’s (CBN) foreign exchange policies, saying they were stifling local manufacturers’ operations and growth.

The Niger Delta Avengers has warned ExxonMobil subsidiary Mobil Producing Nigeria not to embark on the repairs of the blown up Qua Iboe 48” crude oil export pipeline, threatening that “something big and worst will happen” will happen if the oil copany does not heed the warning.

AMCON, businessman to explore amicable settlement Justice Abdulazeez Anka of the Federal High Court in Lagos yesterday vacated the interim order granted to the Assets Management Corporation of Nigeria (AMCON) to take over some assets belonging to businessman, Mr. Jimoh Ibrahim, over his alleged indebtedness to the corporation.

Students should start early to have an entrepreneurial mind-set; that way, they open up other options for gainful employment when they are ready to join the job market, says Tony Elumelu, Chairman Heirs Holdings, UBA Plc and Founder of the Tony Elumelu Foundation (TEF).

Residents of Benin kingdom comprising the seven local government areas which constitute Edo South Senatorial district have been directed not to cook with fire on Sunday, June 5, 2016 in honour of Oba Erediauwa who joined his ancestors recently

The Minister of State for Petroleum Resources, Ibe Kachikwu, on Wednesday, said any Nigerian entity is now free to import petroleum products into the country, subject to existing quality specifications and other guidelines issued by regulatory agencies. Kachikwu pronouncement effectively ended the fuel subsidy regime. The minister said that all Oil marketers will be allowed to import the product on …

The Niger Delta Avengers are living up to their promise of attacking and destroying oil and gas facilities in the Niger-Delta. The militants, who last night vandalized Chevron oil platform near Warri have also promised to shift their activities to Lagos and Abuja.