Globacom In $282m, N1.499B Debts, May Not Buy 9Mobile

Globacom, Nigeria’s second-largest telecommunications network, may not be able to acquire 9Mobile as widely reported in the media, Nigeria’s burgeoning online integrated media platform, ALEDEH can authoritatively report. 9Mobile, formerly known as Etisalat Nigeria was taken over in […]

Dangote tops Africa’s rich list for 7th year

Buoyed by rising stock markets and commodity prices, Africa’s billionaires are collectively wealthier than a year ago. The 23 billionaires that Forbes found in Africa – up from 21 billionaires last year — are worth […]

FG loses $2.27bn to OPA – NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI} says Nigeria lost 2.27 billion  dollars and N60.99 billion to the Offshore Processing Arrangement (OPA) and crude for product swap arrangement, valuation issues, crude oil and petroleum products losses. […]

Our members’ depots are empty – Petroleum marketers

The Depot and Petroleum Products Marketers Association (DAPPMA) on Tuesday expressed concern over the inability of Nigerian National Petroleum Corporation (NNPC) to send petrol to its members’ depots. DAPPMA’s Executive Secretary, Mr Olufemi Adewole, in […]

Air Peace gets new Boeing 737-300 aircraft

Air Peace, a Nigerian airline has taken delivery of an additional Boeing 737-300 aircraft to boost its operations during the Christmas/New Year celebrations.. The Chairman of Air Peace, Mr Allen Onyema, who confirmed the development […]

Fuel crisis at Christmas shameful – Osinbajo

The Vice President Yemi Osinbajo, came hard on those causing trouble with fuel scarcity in the country during the Yuletide period describing their acts as shameful. “It’s such a shame that Christmas has been, to […]

‘EFCC begged me to go’ – Innoson

Chairman and Chief Executive Officer of Innoson Group, Chief Innocent Chukwuma has narrated his ordeal in the hands of operatives of the Economic and Financial Crimes Commission (EFCC). The businessmen said he was rudely awoken […]

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