Category: Top Stories

NNPC’s engineering subsidiary, NETCO, records N6.758billion profit

Stella Ofiko

The National Engineering and Technical Company of Nigeria (NETCO), the engineering subsidiary of the Nigerian National Petroleum Corporation (NNPC), on Tuesday posted a profit before tax of N6.75 billion for the year ended December 31, 2018. The figure represents an increase of 107 per cent over the N3.26 billion recorded in 2017. Profit after tax stood at N4.597billion compared to N2.483billion recorded in 2017. This was disclosed in a release by the Group General Manager, Group Public Affairs Division, NNPC, Mr. Ndu Ughamadu. Speaking at the Annual General Meeting of…

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Lagos entertainer shoots driver at party

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A Lagos-based commercial bus driver got more than he bargained for at the weekend when a celebrity popular called Aremo Gucci shot him on his ankle during an open party in Lagos. Trouble started after the open air party organised at Brainfield Event Centre along LASU/ISHERI road had ended and organisers and guests were trooping out when suddenly Gucci’s vehicle was, as usual, besieged by a group of street urchins popularly known as Area Boys. As soon as he noticed the crowd around him, and in order to find his…

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Enyimba beat Akwa United to win league title

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Enyimba on Wednesday in Lagos won a record eighth Nigeria league crown. The victory qualifies them to represent the country in the 2020 CAF Champions League. ‘The People’s Elephant’ beat Akwa United 3-0 at the Agege Stadium to record an unassailable 12 points from five matches in the championship playoffs. Goals by Reuben Bala, Stanley Dimgba and Abdulrahman Bashir gave the two-time African champions a deserved win over front runners Akwa United, whose Brazilian coach Rafael Everton was conspicuously missing on the bench today. Enyimba are now Nigeria’s most successful…

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Women’s World Cup: Falcons beat South Korea 2-0

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The Nigeria Super Falcons took their chances against the run of play on Wednesday to beat South Korea 2-0 for rare success at the women’s World Cup to set themselves up to advance to the next stage of the tournament in France. A first half own goal at the Stade des Alps and a breakaway attack, brilliantly finished by Asisat Oshoala, ensured the Africa champions only their fourth win in eight World Cup finals appearances and a chance to go to the second round for just a second time. The…

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Couple found dead in hotel room

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An American couple found dead in their Dominican Republic hotel room while on vacation last week both suffered from respiratory failure, the country’s national police said. According to HUFFPOST, Edward Nathaniel Holmes, 63, and Cynthia Ann Day, 49, of Prince George’s County, Maryland, were reportedly found unresponsive in their room Thursday at Grand Bahia Principe Hotel in La Romana, roughly 75 miles east of Santo Domingo. Hotel staff members discovered their bodies in the room after the couple missed their scheduled checkout time and immediately contacted the local authorities, according…

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Rebranding: Why Nigerians need insurance

Sunday Ojeme

Barely two weeks after the insurance industry regulator, National Insurance Commission (NAICOM), announced a new capital base, operators in the industry have also intensified efforts at getting Nigerians from all walks of life, irrespective of gender and status to imbibe insurance as a lifestyle. Sunday Ojeme reports Again, insurance industry operators are intensifying efforts at giving more Nigerians the positive option of spending a little of their income on insurance as a platform for  recovery than suffering entire loss in the event of a disaster. The latest development, coming weeks…

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Ikechukwu: Nigerians should imbibe teamwork for business growth

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Mr Daniel Ikechukwu, the Country Sales Manager, Forever Living Products, Nigeria, an organisation that has empowered Nigerians across the country, in this interview with Sunday Ojeme, speaks on how much collaboration and teamwork can lift Nigerian businesses to greater height Forever Nigeria has really made waves and empowered Nigerians over the years; how would you rate this with a country like South Africa that is also very great in this respect? In all honesty, Nigeria cannot be compared to South Africa, because presently, Nigeria has a population of over 200…

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JUNE 12: Buhari renames Abuja Stadium after MKO

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President Muhammadu Buhari Yesterday, Wednesday renamed the Abuja National Stadium after late Moshood Abiola, the acclaimed winner of June 12, 1993 Presidential election. President Buhari made the announcement while addressing the nation on Democracy Day celebration in Abuja, noting that while alive, Chief MKO Abiola gave immense support to the development of sports in Nigeria and Africa so much that he was named and honoured as Africa’s Pillar of Sports. He recalled that Chief Abiola formed the Abiola Babes Football Club, which was based in Abeokuta and was one of…

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Improving real estate contribution to economy

Dayo Ayeyemi

Having exited narrowly from negative zone in Q1 of 2019 after 12 consecutive quarters, real estate stakeholders have identified some issues to activate activities and growth  in the sector. Dayo Ayeyemi reports  Shortly after the National Bureau of Statistics (NBS) released report  of performance of each sector of the economy for the first quarter (Q1) of 2019,  real estate professionals have identified gaps and suggested  ways to activate activities in their sector for improvement. Speaking with New Telegraph, some of the professionals blamed paucity of fund, high interest rates,volatile forex market,…

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Unemployment: Urgent need to curtail rising scare

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A few weeks before leaving office, the immediate past Minister of Labour and Employment, Dr. Chris Ngige, confirmed the looming threat about the country’s gradual slide into a higher realm of unemployment. The pronouncement coming from an insider within government circle speaks much about the reality on ground, a reality that other government officials would always want to deny or parry. Ngige’s outcry is not too far from the series of reports that had been churned out by the Nigeria Bureau of Statistics (NBS) on the growing unemployment figure despite…

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