Business

OAP Freeze Faults Reports Alleging Diezani Stole $90billion As Minister

Controversial Nigerian OAP, Freeze has taken to social media to react to reports alleging that the former minister of petroleum, Diezani Allison-Madueke stole a whooping $90 Billion during her time as minister. According to freeze it is impossible for the ex-minister to have stolen they said amount of money as even the annual budget of Nigeria is only $23billion. He wrote; Guys, lets not jump at sensationalized news captions aimed at drawing traffic to websites. – How much money does Nigeria have as a nation that someone will steal $90 billion? – I’m my opinion, it is simply impossible for Dieziani to have stolen $90 Billion from a country whose annual budget is $23billion. Do you know how much $90billion is? – Guys calm down, many of you have selected lynch mob mode in the subconscious pa...

FG Suspends Oil Exploration In Chad Basin

The Nigerian government has announced the suspension of the exploration of crude oil in Borno State. The suspension, according to the Federal Government, is as a result of the security challenges being faced by its personnel working in the area, adding that it would, however, resume operations if it is able to secure sufficient security. This was stated by Mr. Ibe kachikwu, Minister of State for Petroleum Resources, who also revealed that he cannot currently confirm if any captured personnel have been rescued by the security agencies as he is still awaiting confirmation from the military. According to the Minister, the military is yet to round off the collation of data on the recent attack by the Boko Haram terror group as well as the counter attack by the military, hence, he cannot confir...

Reno Omokri Accuses Customs Of Being Dishonest About N486bn Revenue

Former Presidential Media aide, Reno Omokri has reacted to the recent declaration by the Nigeria Customs Service that it generated N486bn within the first half of this year – the highest figure ever recorded by the Customs. Joseph Attah, Public Relations officer of the NCS, had, in a statement, said it had surpass its 2016 revenue record collection of N385 billion by reaching a record N486bn in 2017. Omokri, however, took to twitter to fault the claims of the NCS. The former aide to ex-President Good luck Jonathan, in a series of tweets, claimed that; “With the devalued Naira this is not up to how much they made during the Goodluck Jonathan administration. “The amount of ₦486bn at the official rate of ₦362 to $1 is $1.3 bn. In 2014, they made ₦425bn in the first 6 months. The amount ...

Qatar Gulf Dispute

Investors aren’t taking sides in the biggest political crisis in the Gulf in decades because their focus has already returned to oil.  Seven weeks after Saudi Arabia led a coalition of Arab states in cutting ties with Qatar over allegations that it supports terrorism, holders of both countries’ stocks and bonds are paying almost identical risk premiums. The Gulf dispute remains in stalemate after Qatar denied the charges and rejected the Saudi bloc’s demands, which include rolling back ties with Iran and shutting the Al Jazeera news channel. Meanwhile, the feud is taking a back seat to oil for investors, said analysts including Saad Siddiqui at JPMorgan Chase & Co. The price of crude is languishing under $50 a barrel, far below the level many Gulf producers need to balance their budget...

Ubi Franklin Launches His Instant Pickup App

Ubi Franklin the CEO of Made Men Music Group (MMMG), and father to Jayden Franklin, yesterday launched his new app. The app named Instant Pickup, was launched yesterday 20th July, 2017 at Landmark Event Center, Victoria Island. The “Instant Pickup App” is an online laundry service, that reduces inconvenience when such laundry services are being rendered. The ambassadors for Instant Pickup includes: TBoss, Selebobo, Mr. Jellof, Annie Idibia, Gbenro Ajibade, Ushbebe, Damilola Adegbite and comedian Senator. Ubi Franklin said that the app was totally designed by Nigerian geeks. Ubi had this to say when asked about his vision “Our vision for Instant Pick Up was as a result of the inconveniences I personally experienced while managing a hectic business schedule, family schedule and u...

Tboss Bags New Endorsement Deal With Laundry Outfit

Tboss, former participant of the 2017 Big Brother Naija Reality Show, has bagged a new endorsement deal. The Edo-Romanian born was unveiled as Laundry outfit, Instant Pick up’s new Brand Ambassador which is owned by Music Label Boss, Ubi Franklin. The unveiling of Tboss took place at an event held at the Landmark Event Centre in Victoria Island, Lagos which had a host of Nigerian entertainers in attendance However, T-boss’s ambassadorship has only been announced on social media for now. A follow-up press unveiling is expected to take place soon.

Finance Minister, Adeosun Says Nigeria Is Already Out Of Recession To An Extent

Nigeria’s Minister of Finance, Kemi Adeosun, has claimed that the country, ‘to an extent’, is out of recession already. The minister made the statement during an interview on African Independent Television (AIT). She said; “We are out, we’re out to an extent and we hope that the figures will reflect the fact that we’re out. We shouldn’t focus too much on when, what we should focus on is growth. Getting out of recession is not enough, we have to grow and grow aggressively. “The ERGP has plans that will have us seeing seven or eight percent growth and that is the kind of growth we need for our population growth and I’d like to focus less on when we’ll get out of recession”. Mrs Adeosun also noted that loots are being recovered daily by the current administration. “It’s a pr...

George Clooney sells his Tequilla Business for $1.3 Billoin

George Clooney an award winning American actor, activist, film maker, and a business man, who just sold his tequila business for $1.3 billion to Diageo. Casamigos translated to ‘house of friends’ was a side-project of George, nightlife entrepreneur. Rande Gerber, and real estate developer Mike Meldma. Casamigos was originally just a hobby for the friends who bought neighbouring properties in Mexico and fell in love with the spirit – so much so that they wanted to make their own. “Our idea was to make the best-tasting, smoothest tequila whose taste didn’t have to be covered up with salt or lime.” Casamigos explains of its origins. But it seems that George was onto a good thing, and in the midst of a tequila boom (with global sales rising 5.2 percent per annum). Diageo recognized the company...

Etisalat Nigeria Unveils The Logo Of Its New Brand Name

Rebranded telecoms company, 9Mobile telecom (formerly, Etisalat Nigeria) has finally unveiled its new brand logo and corporate identity. The telecoms company explained why it chose the ‘9’ in 9Mobile, saying: “9 is significant with nature, the start of life, time of birth. From our entry into the market 9 years ago to our evolution 9 years after, we are still 0809ja. “We are here for you, rebranded for you because it is all about you.9 stands for speed, quality, excellence. If you’re looking to the future, you find it with 9.9 gets you talking more, doing more, achieving more & living more”

“Once You End Smuggling, You Can Wear Jeans And TShirt If You Want” – Saraki To Customs Boss

Senate President, Bukola Saraki, has has told the Comptroller-General of Customs, Hameed Ali who had, earlier in the year, insisted on appearing before the Senate on mufti rather than his official customs uniform, that if he was able to put an end to smuggling he would be allowed to wear Mufti whenever he appears before the Senate. Dr. Saraki, in a jocular manner, made the statement while exchanging pleasantries with the Customs boss at the public hearing on tackling smuggling held at the National Assembly and put together by the Senate Committee on Customs, Excise and Tariffs. “To the Comptroller General of Customs, let me say on a lighter note, that once you end smuggling, even if you want to wear jeans and T-Shirt, I will move the motion that you should wear jeans and T-Shirt,” Saraki t...

Fayose Receives N4.7bn Paris Club Refund

Ekiti State, Governor, Ayo Fayose has acknowledged that the N4.7bn Paris Club fund has been refunded to the state. The governor made the disclosure today in a statement, saying; “Paris Club Refund Ekiti State has received N4.7bn as Paris Club refund to be shared between the State and the Local Government. A total sum of N4,772,836,647.08 was received (See Credit Advise). I will meet with Teachers, LG workers, NLC, Civil Servant on how it will be spent soonest” Details later…

” Without The Igbos Kano Could Not Have Become The Commercial Nerve Of The North” – Gov.Ganduje

The Governor of Kano State. Abdullahi Ganduje, has stated that Kano State could not have become the commercial nerve of the Northern region without the involvement of other ethnic groups like the Igbos. The Governor made the assertion when the governor of Abia state, Okezie Ikpeazu, paid him a visit at the Government House in Kano. Ikpeazu, in company of some Igbo leaders were on a condolence visit in the state over the death of Maitama Sule, who passed on last week in Egypt. The governor, while reacting to the quit notice issued to igbos living in the north by a group of Arewa Youths, said; “Kano being the commercial nerve-centre of the North, Kano being the commercial nerve-centre of some West African countries, could not have attained that status without other nationalities or wit...

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