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The Supreme Court has declared Nigeria’s Upstream Oil Company, Seplat Petroleum Development Company winner in the case brought against it by Brittania-U Nigeria Ltd over OMLs 53 and 55 sold to it by Chevron Nigeria Limited (also a defendant in the case). The Supreme Court hadordered all parties to maintain the status quo with respect […]

Manufacturing giant, Unilever Nigeria Plc., in separate meetings with the Senate President, Dr. Bukola Saraki, Minister for Trade and Investment and the Minister for State for Trade and Investment, Prof. Okey Enelamah and Mrs. Aisha Abubakar respectively, recently revealed plans to increase its investment in the country. President of the company, Mr. Bruno Witvoet, said […]

Nigeria’s leading Online Shopping Mall Konga Online Shopping Limited has announced the appointment of Sim Shagaya as its Chairman, effective immediately. Sim Shagaya is the Founder & CEO of Konga Online Shopping Limited and also the Founder and Executive Chairman of DealDey Limited. Konga  also announced that Shola Adekoya its current Chief Operating Officer (COO) will […]Read More

Pencil Production FactorySource: NY Times The Minister for Science and Technology Dr Ogbonnaya Onu was recently interviewed by Daily Trust following his visit to China and Indonesia. In a very interesting interview they asked him what Nigeria stood to gain from the visit, the current Government’s import substitution plans and the quest to start pencil production […]

Coca-Cola has bought a 40% stake in Chi Ltd makers of the popular Chivita drink. Coca-Cola made this announcement on Saturday. According to reports from Reuters and the Wall-street Journal, the stake was acquired from TGI Group (Tropical General Investment)  a majority shareholder in Chi Ltd. According to Wall Street Journal the deal values Chi Ltd […]

FCMB Plc released its much awaited 2015 9 Months results showing pretax profits dropped a whopping 84% to N2.5billion compared to the N16.7 billion reported same period in 2014. The bank had weeks ago issued a profit warning that results were going to be bad. Some Investors had anticipated a terrible result following the likely […]

By Ade Adesomoju, Abuja The Supreme Court on Friday sacked senators representing Anambra South, Andy Uba, and his Anambra North counterpart, Stella Oduah, as well as other state and National Assembly legislators elected on the platform of the Peoples Democratic Party. The apex court, in its judgement, affirmed as null and void a caretaker committee, […]

Breaking! #BokoHaram Suicide Bomber Blows Self Up In Adamawa, #Nigeria, 20 Dead – SIMONATEBA.COM 1 Share Share Tweet Share Email A boy on Friday detonated a suicide vest at a crowded market in Gombi town in Adamawa State, Killing many according to witnesses. A vigilante leader confirmed ‎the incident to Daily Trust in a telephone […]

Breaking! Triple Suicide Bombing In #Cameroon, Region On The Brink – SIMONATEBA.COM 2 Shares Share Tweet Share Email Three suicide bombers blew themselves up in Cameroon’s far north on Friday morning, killing themselves and two others, just hours after another suicide bomber blew himself up in the same region where Boko Haram has been wreaking […]

1 Share Share Tweet Share Email The Economic and Financial Crimes Commission, EFCC, announced on Friday that it had arrested Mr. Abumere Joseph Osagie, deputy director, regional tax office, Federal Inland Revenue Service, FIRS, and his accomplice, in a case of abuse of office and bribery. The suspect was picked up following a complaint about […]

By Ade Adesomoju/Punchng.com  A Federal High Court in Abuja on Friday denied bail to the leader of the Indigenous People of Biafra and founder of Radio Biafra, Nnamdi Kanu, and his two other co-accused. Kanu, David Nwawusi and Benjamin Madubugwu are being prosecuted on six counts of treasonable felony, unlawful possession of firearms and other […]

President Muhammadu Buhari on Thursday called on African leaders to intensify efforts for a quick economic integration of the African continent, the type Nigeria and Kenya are enjoying at the moment. Buhari was speaking at a banquet organised in his honour at the conclusion of his state visit to Kenya, spokesman Garba Shehu said in […]