BUSINESS

OCP Africa set to invest in Enugu, says state is peaceful and secure for investment

Posted on by easternreporter
OCP Africa set to invest in Enugu, says state is peaceful and secure for investment

New set of investors have made presentations to the Enugu State Executive Council (EXCO) on the possibility of establishing business investments in the state in line with the robust investment drive of the Governor Ifeanyi Ugwuanyi administration. A Morocco based company, OCP Africa, the world’s first producer and exporter of phosphate rock and phosphoric acid and the number two in phosphate-based fertilizers, made a presentation at the EXCO meeting on its plan to establish a…

Read More

Facebook app adds different languages translation

Posted on by Okafor Rosemary
Facebook app adds different languages translation

Facebook on Tuesday gave its popular Messenger app the ability to translate missives in real time, deploying artificial intelligence to enable text conversations between people using different languages. Messenger has become a tool for businesses to connect with customers, and the ability to converse with customers in a variety of languages could help bump up advertising. “The ability to speak with anyone without any language barrier is something we are really excited about,” Messenger chief…

Read More

Emzor suspends distribution of cough syrup containing codeine

Posted on by easternreporter
Emzor suspends distribution of cough syrup containing codeine

Emzor pharmaceuticals has announced a suspension on the distribution of Emzolyn Following a BBC documentary which laid bare the rate at which cough syrup containing codeine is abused in the country. Announcing this through their facebook page, Emzor Pharmaceutical Industries Limited Emzor Pharmaceuticals is a responsible and ethical company with over 120 lines including Emzolyn with Codeine under licence from NAFDAC. Emzor is treating the findings of the BBC documentary with the upmost seriousness and has…

Read More

Federal Government renews 13 out of 17 oil licenses belonging to Shell.

Posted on by Okafor Rosemary
Federal Government renews 13 out of 17 oil licenses belonging to Shell.

Nigeria’s Ministry of Petroleum has approved the recommendation by the Department of Petroleum Resources (DPR), to revoke three Oil Mining Leases (OMLs) operated by Shell Petroleum Development Company. The 17 acreages that Shell submitted for renewal purposes were: OMLs 11, 17, 20, 21, 22, 23, 25, 27, 28 31, 32, 33, 35, 36, 43, 45 and 46. The properties were due to expire in 2019. The acreages revoked include OMLs 31, 33 and 36. Licences…

Read More

Kenyan Airways sacks 22 Nigerian Employees

Posted on by Okafor Rosemary
Kenyan Airways sacks 22 Nigerian Employees

The Nigerian Union of Air Transport Employees has said it will embark on an industrial action to protest against the sacking of 22 Nigerians by the management of Kenyan Airways. The General Secretary of NUATE, Mr. Olayinka Abioye, told newsmen on Monday that the airline’s action was a violation of Nigeria’s labour law, adding that the union would react accordingly. “What they have done is null and void and is of no effect; they must…

Read More

Crude Oil Price Hits Over $70 As U.S., China Tensions Ease

Posted on by easternreporter
Crude Oil Price Hits Over $70 As U.S., China Tensions Ease

Nigerian Crude oil price on tuesday hit over $70 as the trade war between the United States and China appeared to ease. The price had on January 25, 2018 hit $71, its highest since December 2014. After dropping, crude oil prices are bounding higher, extending yesterday’s steep gains, as geopolitical tensions ease. The prices last Friday suffered their worst weekly declines in two months after they had followed equity markets lower amid growing fears of a trade war between…

Read More

Buhari’s Re-Election In 2019, End Of Nigeria – MASSOB

Posted on by easternreporter
Buhari’s Re-Election In 2019, End Of Nigeria – MASSOB

The Movement for the Actualization of the Sovereign state of Biafra, MASSOB, has said President Muhammadu Buhari’s decision to seek reelection in 2019 would mark the end of Nigeria’s existence as a nation. Buhari had on Monday informed the National Executive Council meeting of the All Progressives Congress that he would be seeking reelection on the platform of the ruling party come 2019. Reacting to the announcement, MASSOB in a statement personally signed by its leader, Comrade…

Read More

NUPENG assures motorists of regular supply of petrol for the season of Easter

Posted on by easternreporter
NUPENG assures motorists of regular supply of petrol for the season of Easter

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Friday assured motorists of regular supply of petroleum products during the Easter period and beyond. The Lagos Zonal Chairman of the union, Mr Tayo Aboyeji, gave the assurance in an interview with newsmen on Friday in Lagos. Aboyeji said that the petroleum taker drivers would work throughout the holiday to ensure that filling stations in the South West got sufficient products. “The Nigerian National Petroleum Corporation (NNPC) Group…

Read More

NAFDAC storms Ariaria Market Aba, confiscates N5m expired drugs.

Posted on by easternreporter
NAFDAC storms Ariaria Market Aba, confiscates N5m expired drugs.

The National Agency for Food and Drug Administration and Control ( NAFDAC ) has confiscated expired drugs worth over N5 million from a drug dealer in Ariaria Market, Aba, Abia. The state Coordinator of NAFDAC, Mr Olisa Okeke, disclosed this in an interview with the News men on Tuesday in Aba. Okeke said that the agency got information that the dealer ( names withheld ) was used to stocking expired drugs, changing their expiry dates and selling…

Read More

Vandalism frustrates Hope for petrol supply at NNPC depot, 22 years after

Posted on by easternreporter
Vandalism frustrates Hope for petrol supply at NNPC depot, 22 years after

Group Managing Director of the NNPC, Maikanti Baru, said efforts of the Corporation to restore supply to the depot at Enugu, had been frustrated by recurring vandalism of pipelines linking Port Harcourt to the depot. The depot had not functioned in the last 22 years, due to constant breakdown in pipelines linking it with others, and faulty machines. Although the rehabilitation of the depot had long been completed, raising expectations that activities would resume soon,…

Read More
1 2