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FG suspends Aiteo’s operation over oil spill in Bayelsa.

The federal government has directed Aiteo Eastern Exploration and Production Company (AEEPCO) to stop operation in affected oilfield spewing oil in Bayelsa State pending investigation. Saghir El-Mohammed, press director, ministry of environment, said this in a statement on Tuesday. “The federal government has directed the exploration company, Aiteo Eastern Exploration …

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Honeywell Group Agrees N80bn Deal with Flour Mills of Nigeria.

The Honeywell Group Limited has announced an agreement for the proposed combination of Honeywell Flour Mills (HFMP) and Flour Mills of Nigeria (FMN) for a total enterprise value of N80 billion. According to a statement, through the transaction, the Honeywell Group would dispose of its 71.69 per cent stake in …

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Rising Gas Prices, Crisis in the making, By Dakuku Peterside.

Nigerians are facing hydra-headed challenges on all fronts: debilitating insecurity, extreme poverty, hyperinflation, high cost of food and essential consumables, diminishing trust in government and its institutions at all levels, and worse, there is no clarity on the way forward. Everyday quality of existence for the average Nigerian is depreciating, …

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Ecobank opens new head office in Lagos on Friday

Ecobank Nigeria has concluded arrangement to commission its new head office building, the Ecobank Pan-African Centre (“EPAC”). The ultra-modern edifice situated along Ozumba Mbadiwe Road on the highbrow Victoria Island, Lagos will be commissioned by the Executive Governor of Lagos State, Mr. Babajide Sanwo-Olu, alongside other dignitaries, including the Governor …

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BREAKING: Facebook changes name to Meta

Facebook has changed its name to Meta in a major rebrand as the social media giant continues to face an unprecedented scrutiny over its business practices. The company said the new name would better “encompass” what it does now. The firm has made clear its future goal to create an online world, …

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