Home Topics Company

Company

A global shortage of condoms is oncoming as the world’s largest manufacturer was forced to shut down production due to the coronavirus pandemic.

Shortage of condoms approaching due to coronavirus lockdown

Karex Bhd has not produced a single condom in its three Malaysian factories for more than a week because of a lockdown imposed by the government to halt the spread of the virus.
A passenger is seen at the South African Airways (SAA) customer desk, after SAA announced that it would immediately suspend all intercontinental flights until May 31 in response to a government travel ban aimed at stopping the spread of the coronavirus disease (COVID-19), at the O.R. Tambo International Airport in Johannesburg, South Africa March 20, 2020. REUTERS/Siphiwe Sibeko

South African Airways to suspend all domestic flights as lockdown looms

South African Airways (SAA) said on Tuesday it will suspend all its domestic flights from Friday until April 16 in support of a national lockdown to curb the spread of COVID-19, the disease caused by the new coronavirus.
Facebook is seeing an extreme spike in usage across the globe due to the ongoing coronavirus pandemic, the company outlined in a blog post on Tuesday.

Facebook says coronavirus is pushing usage through the roof

Facebook is seeing an extreme spike in usage across the globe due to the ongoing coronavirus pandemic, the company outlined in a blog post on Tuesday.

Kaduna Electric advise customers to use digital payments channels

In an effort to contain and prevent the spread of the deadly Covid-19 popularly knowns as coronavirus, the Management of Kaduna Electric has advised electricity users in its franchise to take advantage of the digital payments channels provided by the Company to settle their electricity bills to avoid crowd at the Company's cash centers.
Seplat Petroleum Development Company

Seplat slashes costs, drilling plans amid oil price crash

Nigerian oil company Seplat is targeting cost cuts of at least 30% amid a steep oil price crash, an executive told Reuters on Monday.
South African financial services group Alexander Forbes said on Monday a deal to purchase 200.8 million of its own shares from shareholder Mercer Africa for just over 1 billion rand was cancelled due to the impact of coronavirus on markets.

South Africa’s Alexander Forbes cancels $56 million plan to buy out shareholder

South African financial services group Alexander Forbes said on Monday a deal to purchase 200.8 million of its own shares from shareholder Mercer Africa for just over 1 billion rand ($56.36 million) was cancelled due to the impact of coronavirus on markets.

Coronavirus: Dangote Fertilizer contractor staff tests negative

An Indian staff of Onshore Construction Company, an instrumentation contracting firm with Dangote Fertilizer Limited, who had shown symptoms associated with COVID-19 and subsequently isolated, has been confirmed negative.
Paga Founder and Group CEO, Tayo Oviosu

Visa, Paga partner on innovative payment solutions

Nigerian fintech company, Paga, and global payments technology company, Visa, have announced a strategic partnership in accelerating secure and convenient mobile payments for merchants and consumers.
Prime Minister Boris Johnson discussed telecoms security with US President Donald Trump as he prepares to announce if Britain will use China’s Huawei in its 5G networks, officials said Saturday.

US senators urge UK to reconsider using Huawei equipment

Twenty Republican and Democratic U.S. senators came together on Tuesday to urge British lawmakers to reconsider their government’s decision to allow China’s Huawei to be among the suppliers for the country’s 5G mobile telephone network, the latest salvo in U.S. opposition to the plan.

BFIG: BPE frustrating Supreme Court verdict on ALSCON

BFIG Group has once again accused Bureau of Public Enterprises (BPE) of lining its path to taking possession of Aluminum Smelter Company of Nigeria (ALSCON) with thorns.
Lafarge SA

Coronavirus: Our cement lines still in operation – Lafarge

Lafarge Africa PLC, Ewekoro, has denied reports that its production lines has been closed following the visit of the Coronavirus-infected Italian to the company’s guest house.

CBN: No hiding place for bad debtors

The Central Bank of Nigeria (CBN) vowed on Saturday that there will be no hiding place for bad debtors in the country.g
Lafarge SA

Coronavirus: 11 more contacts quarantined as firm debunks closure of production line

Eleven more contacts of Coronavirus index case have been quarantined within the isolation facilities set up by Lafarge African PLC, Ewekoro Plant in Ewekoro Local Government area of Ogun State.
Lagos State Governor, Babajide Sanwo-Olu on Friday allayed the fears of Lagosians over the case of an Italian who tested positive to the deadly Coronavirus in the state.

Coronavirus: No cause for alarm over outbreak – Lagos governor

Lagos State Governor Babajide Sanwo-Olu on Friday allayed the fears of Lagosians over the case of an Italian who tested positive to the deadly Coronavirus in the state.

Google, Flutterwave to train 5,000 SMEs in Nigeria

Google Nigeria, in partnership with digital payments company, Flutterwave, will commence a series of business clinics aimed at helping 5,000 merchants across Nigeria acquire the skills and tools needed.
Buba Galadima

AMCON takes over Buba Galadima’s houses, company over ‘N900 million debt’

Houses and a company linked to a chieftain of the Peoples Democratic Party (PDP), Alhaji Buba Galadima, were on Tuesday seized by the Asset Management Corporation of Nigeria (AMCON) over an alleged N900 million debt.
Barcelona will continue to target the United States market and want to promote the growth of football in the country, particularly in the women's game, president Josep Maria Bartomeu

Barcelona sack PR company who criticised Lionel Messi, others

Barcelona president Josep Maria Bartomeu said on Tuesday the club has terminated its contract with a company accused of criticising current and former players, including Lionel Messi, on social media.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has insisted that there is no plan to divest the Federal Government’s stakes in joint venture oil assets.

Minister lauds Chevron for role in growth, development of oil and gas sector

Minister of State for Petroleum, Chief Timipre Sylva, has lauded oil and gas giant, Chevron Nigeria Ltd, for its immense contributions to the growth and development of the oil and gas sector in Nigeria.

Recent Stories

PDP Vice Presidential Candidate, Mr. Peter Obi before the opening statements of the Chairman 2019 Presidential Election Appeal Panel, Justice Zainab Adamu Bulkachawa during the opening of the hearing for the petition against the re-election of President Muhammadu Buhari at the Court of Appeal, Abuja. Photo by Abayomi Adeshida

Akure explosion: Peter Obi sympathises with Ondo government, people

The former Vice-Presidential Candidate of the Peoples Democratic Party (PDP), Peter Obi, has expressed shock over the explosions that rocked Akure, the capital city of Ondo State, Saturday, March 28, 2020.

FRSC establishes situation room to monitor coronavirus

The Federal Road Safety Corps has established a situation room in its Operations Department to receive reports from field commands on the dreaded Coronavirus Disease.
An explosion has occurred along Akure-Owo expressway, a few kilometres from the Akure metropolis.

Police reveal source of Ondo explosion

A truck loaded with dynamite exploded on the Akure-Owo Expressway on Saturday, destroying a school, a church and some houses.
Transport firm, Peace Mass Transit, has announced that it will be shutting down operation in Enugu and Ebonyi states from Sunday.

Peace Mass Transit announces shutdown

Transport firm, Peace Mass Transit, has announced that it will be shutting down operation in Enugu and Ebonyi states from Sunday.
The Nigeria Police Force says its investigation shows that Boko Haram, Ansaru and other terror groups are getting support from some Nigerians.

Three policewomen detained for allegedly assisting rapist escape

A suspected rapist, simply identified as Kelechi, has escaped from police detention at Ajiwe Police Station, Lagos State.