Rumours

Female bank Chairman and business woman, Ibukun Awosika has shared some critical decisions she had to make at 25 that has helped her become successful. Ibukun Awosika who is also an author and motivational speaker revealed that at the age of 25 when she was starting her first business, she made a decision never to sleep with a man for an opportunity or pay bribe and even when people thought she was just an idealist young woman, she kept the principles. She said; As a young woman of 25 when i was starting my first business, i made up my mind that two things were going to be critical to me. I'm from Nigeria and there are many things that my country is struggling with in many ways but we're a great country of a great people. I made up my mind two things, i was never going to pay bribe in order to succeed in my business nor was i ever going to sleep with a man in order to take an opportunity Everyone thought i was an idealistic young woman that wasn't going to go too fa...

French oil major, Total is seeking to sell its 12.5 per cent stake in the giant Bonga deepwater oilfield off the coast of Nigeria, in an effort to adjust the energy company’s Africa portfolio amid a broad expansion. Reuters quoted banking and industry sources as saying that the stake in Oil Mining Lease (OML) 118, which is located some 120 kilometres (75 miles) off the Niger Delta, is valued at up to $750 million. Investment bank, Rothschild, is said to be running the sale process for the oil major. Rothschild and a spokeswoman for Total declined to comment. OML 118 is operated by Royal Dutch Shell, which holds a 55 per cent interest. Exxon Mobil holds a 20 per cent stake in the block, while Italy’s Eni and Total each hold 12.5 per cent. The sale process is part of Total’s plan to sell $5 billion of assets around the world by 2020, the sources said. The block includes the Bonga field, Nigeria’s first deepwater project which started in 2005 and produced around 225,000 barrel...

The Nigerian Civil Aviation Authority, NCAA, has banned the operations of Dana Air by suspending its operating licens. NCAA’s spokesperson, Sam Adurogboye, announced the suspension in a statement Wednesday. Mr. Adurogboye explained that the suspension order commenced on Wednesday. According to him, the suspension was carried out to pave way for an investigation on the airline. He explained that Dana Air had already complied with the order. DAILY NIGERIAN reports that the suspension is coming on the heels of an earlier resolution of the Senate’s directive to the NCAA to ban the airline from flying in the Nigerian airspace. A Dana Air aircraft carrying 153 people crashed in Lagos on June 3, 2012, killing everybody aboard and 6 on ground.

It was over a decade and a half, November 2004 precisely, at Microsoft Training Centre, Paris. After my presentation, a closing preview was made by a participant (can’t recall his name, but his accent sounds French), in response to my challenge to Europeans on ‘How European Investors Could Tap from Africans’ Huge IT Potentials in the Millennium’. He highlighted an opportunity they noticed when they visited Sokoto, Kebbi and Zamfara States In 2001 during Obasanjo’s led government to explore ‘agricultural investment opportunities’. He was so passionate about the rich nutritional ingredients they’d found in onion produced in Aliero, Kebbi State, Nigeria. His assertions wasn’t what surprised me, rather, the discovery that no Nigerian company (as at then) tried to export any onion-related output to address shortfall of onions across the European Union (EU) to full capacity. The interesting part of his submission was when he says “most EU residents survives by eaten fast food...