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Business

Viber Apps announces first public chats launch in Nigeria

Viber, one of the leading messaging and calling apps with more than 664 million unique users worldwide, has opened its…

Facebook helps West African SMEs connect with customers

Facebook hosted a roundtable with small and medium sized enterprises from Ghana and Nigeria on Tuesday as part of its…

NNPC records N267 billion loss

The Nigerian National Petroleum Corporation (NNPC) has announced a loss of N267.14 billion in its activities in 2015. This is…

Ogun Customs generates N536m in January

Comptroller Wanidu Multafu, the Customs Area Controller, Ogun Command of the Nigeria Customs Service (NCS), on Wednesday said that the…

Tech firm unveils online currency exchange platform

CloudWare Technologies on Wednesday unveiled an innovative online currency exchange platform, ‘Sabo.ng’, as a panacea to the difficulty in accessing…

N5.2bn Aviation Scam: AGF stalls trial of Borishade, others

Hearing on a suit filed by Economic and Financial Crimes Commission, EFCC, against the former Minister of Aviation, Babalola Borishade…

$3.9bn Fine: MTN hires top US attorney to challenge Nigeria

MTN Group has hired a former top United States law enforcement official to help challenge a $3.9 billion fine imposed…
Court strikes out N12.3bn fraud charge filed by EFCC against Honeywell Group, chairman, Dr. Oba Otudeko, three others and a company

Ogun State honours Oba Otudeko for outstanding contributions

The Chairman of Honeywell Group, Dr. Oba Otudeko, CFR, has been conferred with a special recognition award by the Ogun…

Crude oil rises after Russia agree OPEC talks

Crude oil rose on Wednesday, paring earlier losses, after fresh comments from Russia about its openness to talk with OPEC…

Power generation to increase by 2000mw – Fashola

Minister of Power, Works and Housing, Babatunde Raji Fashola, has expressed optimism that given the various plans under taken by…

We are ready to lend Nigeria money, says IMF

The International Monetary Fund said on Tuesday it stands ready to help sub-Saharan Africa’s oil exporters cope with plunging crude…

FIRS proposes N4.96trn revenue for 2016

The Federal Inland Revenue Service (FIRS) has proposed a revenue target of N4.957 trillion for 2016. Its Executive Chairman, Mr…

FG to save $1bn as NNPC ends crude oil swap

The Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu,…
Ogbeh

CBN agrees 5% lending rate to farmers – Ogbeh

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said the Central Bank of Nigeria (CBN) had agreed to…

Oil Price Crash: ICT as cost cutting measure for oil, gas firms

The management of MainOne’s Tier III Data Center, MDX-i is lending its voice to the call by the Office for…

Nigeria, Angola turn to World Bank for help as oil revenue slides

Nigeria and Angola, Africa’s two biggest oil producers, are both in talks with the World Bank about support to help…

Eradicate corruption from maritime industry, Senate tells agencies

The Senate Committee on Marine Transport, on Monday urged government maritime agencies to support President Muhammadu Buhari’s administration in eradicating…

We can do without oil to build a solid economy – Osinbajo

Despite the drop in oil prices, Nigeria has everything it needs to build and sustain a vibrant economy, Vice President,…

2016 budget is achievable – Udoma

The Minister of Budget and National Planning, Senator Udoma Udo Udoma, has assured that the 2016 budget was be achievable…

Delta produces 2.2 million metric tones of cassava annually

okowa Chief Austin Chikezie, Delta Commissioner for Agriculture and Natural Resources, has said that the state produces an average of…

Why we are investing in Chi Limited – Coca Cola

Coca-Cola has explained why it has decided to invest in Chi Limited, the leading dairy and juice company in Nigeria,…
Godwin Emefiele, CBN Governo

Edo to massively benefit from CBN N143m intervention fund

No fewer than 377 cooperative societies in Edo have been selected to benefit from the N143 million Micro, Small and…

Ban importation of foreign fabrics, Textile Industry tells FG

Zamfara Textile industry on Sunday urged the Federal Government to ban import of foreign fabrics to revive the nation’s ailing…

Coca-Cola buys 40% stake in Nigerian juice maker Chi

Coca-Cola has bought a 40 percent stake in Nigerian juice and snack producer Chi Ltd, it said on Saturday, as…

Customs Marine Command destroys 350 cartons of poultry products

The Western Command of the Nigeria Customs Service (NCS) in Lagos destroyed 350 cartons of poultry products valued at N1.1…

FIRS Director arrested for tax fraud

The Economic and Financial Crimes Commission, EFCC, has arrested Abumere Joseph Osagie, deputy director, regional tax office, Federal Inland Revenue…

Fidson, GB Pharma Holdings plan expansion in Nigeria

The leading and publicly traded Nigerian pharmaceutical company, Fidson Healthcare Plc, says it is addressing Nigeria’s pharmaceutical needs by entering…

Banks, hotels, schools sealed over tax evasion

The Anambra State Government in eastern Nigeria has sealed off at least 35 buildings in the industrial town of Nnewi…

KPMG, SIAO to audit NNPC, NIMASA, NPA, 78 other agencies

Audit firms, KPMG and SIAO will carry out forensic audit on 81 revenue generating agencies in Nigeria including NNPC, NIMASA,…

Airtel commissions retail outlet in National Assembly complex

As part of its commercial strategy to deepen its retail presence as well as deliver telecoms services to the doorsteps…
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