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Schneider launches equipment that will help electricity distribution companies cut operational losses

<p class="">The new solutions are expected to save DisCos significant operational costs, time and money.</p> <h1>Energy management company, Schneider Electric, has launched new smart equipment to achieve a self-healing grid and ensure efficient use of power in Nigeria.</h1> <p class="">The Head of Offer, Strategy and Business Development at Schneider Electric, <strong>Ifeanyi Odoh, </strong>made this known […]

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CBN freezes accounts of ‘Baba Ijebu’, 37 companies over ‘forex infractions’

  The Central Bank of Nigeria (CBN) has instructed banks to place a post-no-debit on the bank accounts of 38 companies. The affected accounts belong to betting companies, bureau de change companies and some logistics companies.   One of the companies, Premier Lotto, is owned by Adebutu Kessington, a Nigerian businessman popularly known as Baba […]

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Banks in Nigeria owe telecom companies N17bn — NCC

The Minister of Communications and Digital Economy, Isa Pantami, had already been briefed on the development with a view to ensuring a quick settlement of the debt. The post Banks in Nigeria owe telecom companies N17bn — NCC appeared first on Premium Times Nigeria.

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Pulse Ask: 5 Nigerians share their experiences at companies who owed them salaries

<p class="">He tried to sleep with me before paying my salary. My church member o.</p> <p class="">How does it feel to work for a whole month, sometimes more, and not get paid for it?</p> <p class="">We asked five people and their response, individually, was:</p> <figure class="image" align="center"> <img src="http://ocdn.eu/images/pulscms/ZTk7MDA_/5490822f3f41034352db370d6c53e015.gif" alt="savetweetvid Ec4 FleWAAoa0CL"> <figcaption>savetweetvid Ec4 FleWAAoa0CL</figcaption> […]

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Osinbajo kicks against anonymous ownership of companies 

Vice-President Yemi Osinbajo has stressed the need to protect the identities of whistle-blowers and persons who divulge vital information leading to the exposure, arrest, and prosecution of corrupt elements within the society. Osinbajo also said anonymous ownership of companies must be discouraged while noting that though secret ownership of companies “are not always illegal, nevertheless […]

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Woodberry Charged With Cyber Fraud Against US Companies

Olalekan Jacob Ponle, Woodberry Olalekan Jacob Ponle, AKA Woodberry, 29, who allegedly orchestrated an international cyber fraud scheme targeting several U.S.-based companies has been charged in U.S. District Court in Chicago with conspiracy to commit wire fraud. The schemes resulted in attempted or actual losses to victim companies in the tens of millions of dollars, […]

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Diplomat sacked for criticising Dutch companies’ ‘corruption’ in Nigeria – Report

Hans Smaling was sacked after he complained about how the government and companies from the European country are involved corruption. The post Diplomat sacked for criticising Dutch companies’ ‘corruption’ in Nigeria – Report appeared first on Premium Times Nigeria.

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14 Companies Raise N612bn Via Commercial Papers

LEADERSHIP : Corporate organisations are dumping borrowing from banks to raise funds though commercial papers (CPs) in a move analysts say may further drive down interest rates as 14 companies have raised as much as N612 billion through the short term money market instruments this year. Commercial paper which is an unsecured, short-term debt instrument […]

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Jeremiah Ajayi: 30 Lessons I’ve Learned From Working for 30 Companies

“Who the hell do you think you are to write this?” I asked myself minutes before writing this article. And honestly, it was a tough question. Ideally, someone with at least ten years of work experience should write this article, or at least, so I thought.  But then, I checked my LinkedIn profile, and I […]

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BPE not opposed to power companies’ Audit ― D-G

Emma Ujah, Abuja Bureau Chief The Bureau of Public Enterprises is not opposed to the planned forensic audit of the power companies in Nigeria by the Federal Government. The Director-General (D-G) of the agency, Mr Alex Okoh, said in a statement yesterday, that BEP was, therefore, not part of the decision by the eleven power […]

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Trump announces probe of Chinese companies listed in US

US President Donald Trump answers questions from reporters during a event about protecting seniors, in the East Room of the White House, Thursday, April 30, 2020, in Washington. US President Donald Trump on Friday ordered a probe into the actions of Chinese companies listed on American financial markets as tensions flared anew between the world’s […]

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