‘Nigeria, others’ motorcycle market to hit $9bn by 2021’

Nigeria and other countries in Africa are projected to achieve $9 billion in the two-wheeler market by 2021. A Research and Markets report obtained by New Telegraph revealed this. The study said the twowheeler market in the continent is springing up rapidly and contributing to the continent’s Gross Domestic Product (GDP). The report was titled: “Africa Two-Wheeler Market By Vehicle Type (Motorcycle vs. Scooter), By Country including South Africa, Nigeria,  Tanzania, Kenya, Algeria, Uganda, Egypt, Morocco, Angola and Ethiopia in the Competition Forecast & Opportunities, 2011-2021.” It noted that the…

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‘Nigeria, key to Samsung’s $196bn annual revenue’

Nigeria is a major market contributing substantially to the annual $196 billion revenue being generated by Samsung across its operations, the smartphone maker has revealed. Though the company was silent of the percentage of Nigeria’s contribution, it says that Nigerians are smartphone lovers, saying this has informed the Samsung’s continuous focus to always introduce its mobile devices into the largest African market. Managing Director, Samsung Electronics West Africa, Mr. Paul Lee, stated this while announcing that the pre-order of its 8th generation flagship Galaxy S Series, the Samsung Galaxy S8…

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Battle to change political fortune

Ogun West: On a date with history Ogun West and the battle for Amosun’s seat In the 41 years existence of Ogun State, only two out of the three senatorial districts in the state have produced governors between themselves. In this report, WALE ELEGBEDE writes on the renewed vigour and resilience of Ogun West senatorial district to break the jinx in 2019 “In the interest of justice and fairness, Ogun West Senatorial district should be given the slot to produce the next governor of the state. If Ijebu and Egba…

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Malabu probe: Reps backpedal on Jonathan’s invitation

Barely a week after the House of Representatives’ ad hoc committee investigating allegations of corruption, malpractices, and breach of due process in the award of oil prospecting licence (OPL 245) better known as Malabu oil scandal, said it planned to invite former President Goodluck Jonathan, there are indications that the committee will no longer insist on the appearance of the former leader. New Telegraph reliably gathered that the ad hoc committee, led by Hon. Razaq Atunwa (APC, Kwara) may have considered the implications of the invitation of the former president…

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Fuel theft: Senate calls for major shake-up in NNPC

The Senate has advised the Nigerian National Petroleum Corporation (NNPC) to go beyond the sacking and redeployment of a few officials involved in fuel theft and other sharp practices in the industry. The upper legislative chamber gave the advice in a statement issued yesterday in Abuja by its spokesman and chairman, Senate Committee on Media and Public Affairs, Aliyu Sabi. The Senate tasked the NNPC to initiate a comprehensive restructuring of its operations which currently allowed officials and other firms to appropriate national resources for their personal use, thereby contributing…

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Local oil firms walking a tight rope

Indigenous firms are the worst-hit by myriads of challenges bedeviling the oil and gas industry. ADEOLA YUSUF reports on how many of them are running into bankruptcy     Aiteo, an indigenous oil firm, made the headlines penultimate week; basking in the euphoria of its new status as the biggest Nigerian- owned oil firm in terms of production, hitherto known by many as the petroleum product trading firm, it announced the production of the largest share of the 313,602 barrels per day output from indigenous companies. The firm’s management cannot…

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