Tech giant Samsung Electronics has said it expects its quarterly profit to rise by 53% amid a global chip shortage. The world’s biggest memory-chip and smartphone maker forecast operating profit of $11bn (£8bn) for the three months to the end of June. It said strong demand for memory chips had offset weaker sales of devices…
Ahead of the International Civil Aviation Organisation (ICAO) audit coming up by first quarter of 2022, the Nigerian Airspace Management Agency (NAMA) on Saturday joined forces with critical stakeholders in aviation emergency rescue operations to conduct a live aeronautic simulation of an air crash, which occurred at the Mafoluku area of Oshodi in Lagos, a…
Environmentalists on Monday called for an end to the frequent oil leaks at the Nigeria Agip Oil Company (NAOC) oil fields in Tein community, Biseni, in Yenagoa Local Government Area of Bayelsa. Newsmen reports that the environmentalists, under the auspices of Environment Rights Action/Friends of the Earth Nigeria (ERA/FoEN), made the call in its field…
The Kogi State Governor, Alhaji Yahaya Bello, yesterday inaugurated the state’s Economic Advisory Council. The high-worth council was inaugurated virtually. While inaugurating the Council, the governor challenged members to “guide the state into prosperity,” tapping into the abundant human and mineral resources available to her. He said the members were carefully selected based on their…
The Organisation of Petroleum Exporting Countries (OPEC) has commended President Muhammadu Buhari and the National Assembly on the passage of the Petroleum Industry Bill by the National Assembly. OPEC Secretary-General, Dr Mohammad Barkindo, gave the commendation at the ongoing 20th Nigeria Oil and Gas Conference (NOG) in Abuja, on Tuesday. The theme of the conference…
By Ayomide otitoju The Lagos Chamber of Commerce and Industry (LCCI) has announced the appointment of Dr Chinyere Almona as Director-General following the retirement of the erstwhile DG, Dr Muda Yusuf. The former LCCI boss bowed out on the expiration of his tenure of office, having served the Chamber for a total of 24 years…
By Blessing Olaifa, Abuja The Nigerian Communications Commission (NCC) has generated N150 billion spectrum revenue for the Federal Government between January and May. The revenue exceeded NCC’s N36 billion projected revenue from spectrum license fees for 2021. According to Director of Public Affairs of NCC Dr Ikechukwu Adinde, the figure represents over 400 per cent…
Agency Report Saudi Arabia has suspended flights to three countries, including the neighboring United Arab Emirates, to protect against a coronavirus variant, the interior ministry said Saturday. The move comes seven weeks after the oil-rich kingdom permitted fully immunised citizens to travel abroad, after a ban on foreign trips that lasted more than a year….
By Opeyemi Oladele, Henceforth in Ogun State, cases and disputes in business transactions between two parties of not more than one million naira will be settled amicably in Small Claims Courts without the involvement of lawyers, the State Attorney-General and Commissioner for Justice, Mr. Akingbolahan Adeniran has disclosed. Adeniran made this revelation at a training…