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Italian Court Acquits Eni and Shell in Nigerian Corruption Case

2021-03-19 15:00:00| OGI

A Milan court acquitted energy company Eni, its chief executive and Royal Dutch Shell on March 17 in the oil industrys biggest corruption case revolving around the $1.3 billion acquisition of a Nigerian oilfield a decade ago.

Tags: case court italian shell

 

Nigerian govt plans partial import ban to protect ICT investment, suspends NigComSat privatisation

2020-08-26 09:49:00| Telecompaper Headlines

(Telecompaper) The ICT Ministry says a policy document seeking to protect Nigerian investors in the ICT sector is under way, ThisDay reported. Minister Isa Ibrahim said the policy blueprint, which is still being drafted, would enable the establishment of a subsidiary agency which, among other things, will ensure that no technological products, services or inputs are imported, except where the country lacks the expertise or capacity to administer. He added that plans to privatise NigComSat have been suspended, 

Tags: plans investment protect import

 
 

Major telecom firm seeks to lay 160 km of fibre in Nigerian state Ekiti

2020-07-10 09:42:00| Telecompaper Headlines

(Telecompaper) A major telecommunications infrastructure provider has approached the Ekiti State government for approval to lay 160 kilometre of fibre across the state, BusinessDay reported. Akin Oyebode, special adviser for Investment, Trade and Innovation at Ekiti Government, said this follows the state's decision to reduce the charge for the right of way for fibre cables to NGN 145 per meter from NGN 4,500. The project means Ekiti will get over NGN 76 million in revenue if it approves the deal.

Tags: state major firm lay

 

PepsiCo adds Nigerian bank MD Segun Agbaje to board

2020-07-09 13:05:00| Daily beverage news and comment - from just-drinks.com

PepsiCo has appointed the head of Nigeria's Guaranty Trust Bank to its board.

Tags: board bank adds nigerian

 

Nigerian government expects digital broadcasting switch to yield USD 1.1 billion

2020-07-03 09:52:00| Telecompaper Headlines

(Telecompaper) Information minister Lai Mohammed says the Digital Switchover (DSO) will fetch Nigeria USD 1.1 billion from the collection of TV licences and digital access fees, Premium Times reported. Mohammed said the spectrum vacated once the analogue to digital migration has been completed "will fetch USD 1 billion on its own." 

Tags: digital government usd switch

 

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