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Poor returns, huge debts cast a cloud over Wempco
…as rising costs, declining revenue put 250,000 jobs at risk
By AYOOLA OLAOLUWA
Western Metal Products Company (WEMPCO), Nigeria’s sole manufacturer of enamelware, a key raw...
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Dangers of rising energy cost
At no other time in our history has the country faced the present multifaceted and complicated energy crisis. Virtually every aspect of the energy...
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Allegri to bid Juventus farewell at the end of the season
Manager Massimiliano Allegri will bid the Serie A champions Juventus farewell at the end of the season as the club has confirmed that his...
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Banks explore win-win options in Nigeria’s entertainment industry
By YUSUF MOHAMMED
The Nigerian entertainment industry is no doubt a thriving one and like bees follow nectar, several banks are ptrsently latching onto it.
Indeed,...
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Onnoghen’s conviction a continuation of Jihad against Christians in Nigeria –...
The National Christian Elders Forum (NCEF) has described the conviction of Justice Walter Nkanu Onnoghen, former Chief Justice of Nigeria (CJN) by the Code...
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Endless tears, blood and death in Nigeria
By OBINNA EZUGWU
Nigeria, Africa's most populous nation presents itself as the continent's giant. But it's an acclaim it has lived out in all that...
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NDLEA arrests 9,824 drug suspects, seizes 316,365kg drugs
The National Drug Law Enforcement Agency (NDLEA) said it arrested 9,824 suspected drug offenders and recovered 316,365.47 kilogrammes of illicit drugs in 2018.
Head of...
INTERNATIONAL BUSINESS
Oil hovers near six-month high as U.S. stockpile build counters supply fears
Oil prices hovered near six-month highs on Wednesday after data showed U.S. crude stockpiles surged to their highest levels since October 2017, countering fears...
Facebook beats profit estimates, sets aside $3 billion for privacy penalty
Facebook Inc on Wednesday blew away Wall Street profit estimates in the first quarter as it kept a lid on the costs of making...
AfCFTA to curb trade volatility, says World Bank
The World Bank has urged the ratification and effective implementation the African Continental Free Trade Agreement (AfCFTA) as part of efforts to reduce trade...
Top traders foresee oil price to rally around $60s in 2019
Four of the world’s biggest traders expect the Brent oil price in 2019 to largely linger in the $60s a barrel with a slight...
Nigeria, Ghana to strengthen business relations
Nigeria and Ghana are set to explore more areas of business opportunities to further strengthen relations between both countries.
Ghanaian High Commissioner to Nigeria, Mr...
ADVERT
Ship owners laud FG’s directive on Cabotage Act
President, Nigerian Ship owners Association (NISA), Capt. Olaniyi
Labinjo, on Wednesday commended the Federal Government’s directive
that the Nigerian Maritime Administration and Safety Agency (NIMASA)
should strictly...
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Cola War: Bigi topples Big Cola, dominates S/West soft-drinks market
Bigi Cola, a product of an indigenous company, Rite Foods Limited - launched in December 2007 as a subsidiary of the Ess-Ay Holdings Limited...
COLUMNIST
The Diamond Bank Sale and Pascal Dozie’s moral burden (3) ...
BY PRINCE EMEKA OBASI
By 2014, Diamond bank had attained the peak of its meteoric rise. The broad expectation was that it would morph into...
The Diamond Bank Sale and Paschal Dozie’s moral burden (2)
By PRINCE EMEKA OBASI
At the end of the consolidation programme, Diamond Bank managed to scrape through the steep recapitalisation requirements after a moderately successful...
(Eyes on power) UBA @ 70: Can the Global Bank become...
Last week UBA Plc, the Global Bank, rolled out the drums to mark its 70th anniversary. The celebration is well deserved and we rejoice...
