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Business

Ukraine to invest $1bn in Ajaokuta steel company

The Ukrainian Ambassador to Nigeria, Valeriy Aleksandruk has said that his country is ready to invest one billion dollars into…

Niger Delta militants attack Chevron facility

Militants attacked a Chevron platform in Nigeria’s oil-rich Niger Delta region late on Wednesday, the United States energy company said…

N350 tomato now sells for N3,500

The prices of tomatoes have gone up by 1,000 per cent in Jos and environs in Plateau, a market survey…

Nigeria’s capital imports crash by 74% in first quarter

The total value of capital imported into Nigeria in the first quarter plunged to $710.97 million, a 73.79 per cent…

NDDC appeals for financial support from oil firms

  Mrs Ibim Semenitari, Acting Managing Director, Niger Delta Development Commission (NDDC), on Wednesday appealed for more financial support from…

Petrol scarcity: NUPENG urges NNPC to sustain distribution tempo

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Wednesday urged the Nigeria National Petroleum Corporation (NNPC) to…
Offshore oil rig

Despite supply loses in Nigeria, oil price steadies around $45

Crude oil steadied around $45 a barrel on Wednesday as reduced production in Canada’s oil sands region lent support, although…

OLX wins best Classified Advert Website of the Year

Funsho Arogundade OLX.com.ng, the leading online classifieds site, has won the award for Classified Advert Website of the year at…

Lagos set to increase food production by 25%

Kazeem Ugbodaga The Lagos State Commissioner for Agriculture, Mr. Toyin Suarau has reiterated the resolve of the State government to…

Fidelity Bank appoints Balarabe as MD

Fidelity Bank Plc has appointed an Mohammed Lawal Balarabe, as its acting Managing Director. He replaces Nnamdi Okonkwo who is…

Leicester could make £150m from Premier League win

Leicester City are set for a potential £150m boost for winning the Premier League title, analysts at sports data and…

FG subsidising petrol by N12 – PPPRA

The Federal Government on Monday said it was currently subsidising Premium Motor Spirit (PMS) otherwise known as petrol at N12.62…

FG targets 7,000mw to boost electricity, says Osinbajo

Vice-President Yemi Osinbajo said on Monday that the Federal Government was planning to generate 7, 000 megawatts of electricity for…

Electricity Coy records 56 cases of vandalism in Southeast

The Enugu Electricity Distribution Company (EEDC) recorded 56 cases of power installation vandalism in the South East between January and…
Nnamdi Okonkwo, former MD/CEO Fidelity Bank

Fidelity Bank posts N34.4bn gross earnings

Fidelity Bank Plc., has posted gross earnings of N34.4 billion for the first quarter ended March 31, 2016. This was…

N12.5bn Debt: Arik owes us not FAAN, says Bi-Courtney

Bi-Courtney Aviation Services Ltd (BASL), operator of the Murtala Muhammed Airport Two (MMA2), Lagos, on Sunday claimed that Arik Air…

Australian Craig Wright says he invented Bitcoin

Australian entrepreneur Craig Wright has publicly identified himself as Bitcoin creator Satoshi Nakamoto. His admission ends years of speculation about…

Exploration in Chad Basin FG’s top priority – Kachikwu

The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC) Dr Ibe Kachikwu says the commitment of the…
On 16 September, fire engulfed Afriland Towers on Broad Street, Lagos, one of the prized assets of Tony Elumelu’s vast business empire

Transcorp ready to revive moribund gas fields – Elumelu

Tony Elumelu, the Chairman, Transnational Corporation of Nigeria (Transcorp), says the company is ready to take over and revive some…

Nigeria can raise GDP through forests conservation – Expert

Dr David Ladipo, the Principal Consultant, Centre for Environment, Renewable Natural Resources Management Research and Development (CENRAD), has prescribed the…

Over 600,000 Nigerians to benefit from Buhari’s tech drive – Osinbajo

Vice President Prof. Yemi Osinbajo, SAN, has stated that over one hundred Nigerians will benefit from the technology and innovation…

Nigeria imports N165bn fruit juice annually – MAN

Nigeria spends N165 billion annually to import fruit juice, the President of the Manufacturers’ Association of Nigeria (MAN), Dr Frank…

Diamond Bank posts N6.7bn profit in Q1

Diamond Bank Plc on Friday announced a profit before tax of N6.7 billion for the first quarter ended March 31,…

4 ships laden with petrol arrive Lagos ports

Four ships laden with Premium Motor Spirit (PMS) otherwise known as petrol, have arrived Lagos ports, waiting to discharge. The…

Nigeria imports N165bn fruit juice annually — MAN

Nigeria spends N165 billion annually to import fruit juice, the President of the Manufacturers’ Association of Nigeria (MAN), Dr Frank…

Aero Contractor sacks over 100 contract workers

Not fewer than 100 workers outsourced to Aero Contractors by Skyborne Ltd have been sacked following the airline’s decision to…
Court jails Lagos woman, Bose Lateef arrested by EFCC while hawking naira notes at Eko Club after she pleaded guilty to money racketeering.

Naira depreciates further against the dollar

The Naira on Friday depreciated further, exchanging at N321.5 to the dollar at the parallel market, losing N1 on Friday…

Ambode visits Buhari, lauds his economic investment drive

Lagos State Governor, Mr. Akinwunmi Ambode on Friday paid a visit to President Muhammadu Buhari at the State House, Abuja,…

NNPC filling station sealed for diverting petrol

The Department of Petroleum Resources (DPR) has sealed the NNPC filling station in Akamkpa Local Government Area of Cross River…

Airtel dragged to court over breach of contract

Akin Kuponiyi A Lagos high court sitting in Igbosere, Lagos state, southwest Nigeria has ordered that notice of consequences of…
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