BUSINESS

Tony Elumelu Foundation Entrepreneurship Forum to host the largest gathering of African Entrepreneurs on October 25th

Posted on by easternreporter
Tony Elumelu Foundation Entrepreneurship Forum to host the largest gathering of African Entrepreneurs on October 25th

Earlier this year in July, the Tony Elumelu Foundation hosted President Emmanuel Macron in a first-ever interactive debate that held the interests of millions globally, as the President of France and Tony Elumelu Foundation (TEF) Founder, Tony O. Elumelu, engaged with young African entrepreneurs on the cross-continent collaboration. This October, The Tony Elumelu Foundation is again hosting the biggest entrepreneurship event of the year – The Tony Elumelu Foundation Entrepreneurship Forum. Africa’s leading entrepreneurship philanthropic organization, the Tony Elumelu Foundation…

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Chevron: Oil workers threaten to shut down Nigeria, NNPC begs

Posted on by Okafor Blessing
Chevron: Oil workers threaten to shut down Nigeria, NNPC begs

The National Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have threatened to shut down the country over a labour dispute involving Chevron Nigeria Limited (CNL) management and the staff. The warning was contained in a joint statement at the weekend by Comrade Lumumba Okugbawa, PENGASSAN General Secretary and Comrade Adamu Song, NUPENG General Secretary. It lamented the ways and manners the Chevron…

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Zidora Consults reassures on quality service delivery

Posted on by Okafor Blessing
Zidora Consults reassures on quality service delivery

The attention of Zidora Consults Limited has been drawn to the interminable activities of some crass impostors attempting to impersonate/masquerade our brand ostensibly for dubious reasons, which are completely at variance with the true identity of our very esteemed company. We wish to state categorically that we are a very ethical travel company with a clearly defined mandate and principled ethos hinged and anchored on delivering the highest standard of travel services. In the light…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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