The Emerging Markets Telecommunication Services Ltd. (EMTS), management of 9mobile has unveiled its new logo, website and mobile application, one week after the Chief Executive Officer of Etisalat International, Hatem Dowidar terminated its management agreement with its Nigerian arm and gave the operators 3 weeks to phase out the brand. Following this directive, the EMT changed Etisalat to 9mobile.

The Federal Government has stated that Nigeria’s low crude oil output has negatively impacted on the implementation of both the capital and recurrent components of the 2017 budget.

The Federal government has released a State by State breakdown of another tranche of Paris Club refund of over-deductions on Paris Club, London Club Loans and Multilateral debts on the accounts of States and Local Governments between 1995 - 2002.

Africa’s richest man and president of Dangote Group, Ahaji Aliko Dangote, plans to own 50,000 cows by 2019, and produce 500 million litres of milk per year.

Governor of Zamfara State Abdul'aziz Abubakar Yari

A German Firm, Connexx Plants Nig. Ltd. has appealed to Acting President Yemi Osinbajo, to prevail on the Zamfara State Government to pay a balance of N195 million allegedly owed it for a contract executed for the state.

In its determination to ensure improved electricity supply, the Federal Government has commenced disbursement of the N701.9 billion intervention funds to power Generation Companies, GENCOs.

Shale Drilling

A slow down of oil drilling by American shale oil producers helped to move oil prices to $49 a barrel in Monday trading, a good news for oil exporters such as Nigeria.

The Chief Executive Officer of Standards Organisation of Nigeria (SON), Osita Aboloma, on Monday said the agency has shut seven steel companies “in the last few months.”

The Senate Committee on Customs, Excise and Tariff, on Monday commenced investigation into rice smuggling in the country, with a public hearing in Abuja.

The ex-depot price of Liquefied Petroleum Gas is set to crash by about 20 per cent in the next few weeks with the intervention of major stakeholders.