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US court rejects Nestle bid to throw out child slavery suit

The United States Supreme Court on Monday rejected a bid by Nestle SA, the world’s largest food maker, and two…
Godwin Emefiele, CBN Governo

CBN stops dollar sales to bureaux de change

The Central Bank of Nigeria (CBN) says it has discontinued the sale of foreign exchange (forex) to Bureau De Change…

Nigeria-Cameroon submarine cable system goes live

MainOne, a leading telecoms and network services provider in West Africa, has announced that the high capacity Nigerian-Cameroun Submarine Cable…

DMO to issue bonds worth N390b in Q1

The Debt Management Office says it plans to issue between N260 billion and N390 billion in a five, 10 and…

$14bn: CBN assures Dangote Group of FOREX support

The Central Bank of Nigeria (CBN) has said that it would assist the Dangote Group to access foreign exchange to…
Petrol price jumps to N520 per liter in Edo, Delta

Marketers in Imo blame petrol price hike on NNPC

Petroleum Product Marketers in Imo have blamed the hike in the pump price of petrol across the state on the…

NECA hails FG on removal of fuel subsidy

The Organised Private Sector, under the umbrella of Nigeria Employers’ Consultative Association (NECA), on Saturday commended the Federal Government for…
Court jails Lagos woman, Bose Lateef arrested by EFCC while hawking naira notes at Eko Club after she pleaded guilty to money racketeering.

Naira strengthens against the dollar

The Naira on Friday hedged up slightly against the dollar at the parallel market amid calls for the apex bank…
Petrol price jumps to N520 per liter in Edo, Delta

Economist supports subsidy removal, disapproves VAT increment

An economist, Prof. Uche Uwaleke has advised against the recommendation by the Managing Director, International Monetary Fund (IMF), to increase…

Troubled MTN acquires Visafone

Telecommunications company, MTN Nigeria on Thursday said that it has completed the acquisition of Visafone, the only surviving Code Division…

Walmart Nigeria excites citizens

By Seun Bisuga Nigerians are visibly excited by the news that Walmart, an American multinational retail corporation that operates a…

NBC, setting new standards for environmental sustainability

By Daniels Ekugo Industrial pollution has been identified as one of the critical challenges confronting Nigeria and indeed the rest…

Filling stations shut in Ogun

Abiodun Onafuye/Abeokuta The axe of the officials of the Department of Petroleum Resources, DPR, Thursday evening, fell on some filling…

NSE moves 166.39m shares valued N1.66bn

The Nigerian Stock Exchange (NSE) on Thursday moved 166.39 million shares worth N1.66 billion exchanged by investors in 2,917 deals.…

32 ships laden with petroleum products, foods expected in Lagos

Thirty two ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island…
MTN ‘Extremely Sorry’ Over Network Outage

SIM registration: Subscribers besiege MTN shops in Abuja

Following text messages directing subscribers nationwide to visit its shops to update their SIMs registration, hundreds of angry subscribers on…

Lagos terminates NURTW BRT franchise in Ikorodu corridor

Kazeem Ugbodaga The Lagos State Government on Thursday terminated the franchise issued to the National Union of Road Transport Workers…

Ogoniland clean-up to commence soon – FG

The Federal Government says the clean-up of Ogoniland impacted by oil spill would commence in the first quarter of 2016.…
Market Capitalisation

A Review of Nigerian Stock Exchange in 2015

Many investors on the Nigerian Stock Exchange (NSE) will always remember 2015 as a year of dashed hopes and unmet…

Lagarde to National Assembly: I do not support forex restriction

International Monetary Fund chief Christine Lagarde told Nigerian lawmakers on Wednesday the IMF does not support foreign exchange restrictions, a…

Netflix in Nigeria, most countries except China, Syria, N.Korea

Netflix Inc’s video-streaming service went live in more than 130 countries including Nigeria on Wednesday, covering almost the entire globe…

NRC crash DMU fare following low patronage

Following low patronage, the management of the Nigerian Railway Corporation (NRC) has reduced the fare for its Ogun/Lagos Diesel Multiple…

FG moves to rake in more revenue, block leakages

Nigeria’s cabinet, the Federal Executive Council first meeting for 2016 held on Wednesday was devoted to discussions on how rake…

Lagos demolishes Oshodi Loop market

Kazeem Ugbodaga Officials of the Lagos State Government stormed the popular Owonifari Market located at the loop in Oshodi on…

Lagos set to float N43bn Bond in Capital Market

Kazeem Ugbodaga The Lagos State Government is set to float a new bond of N43 billion in the Capital Market…

Twitter users kick against #Twitter10k

Dwindling fortunes on the business end has called some drastic measures on the part of Twitter management. First the social…

Nigeria’s refineries back in production – NNPC

Nigeria’s struggling oil refineries are back in production and making enough gasoline to help “stabilise” its availability in the country,…

Nigeria will look inwards to overcome economic challenges, Buhari tells IMF’s Lagarde

President Muhammadu Buhari said on Tuesday in Abuja that his administration will look inwards, enforce regulations to stop financial leakages…

Oshiomhole urges FG to establish labour unemployment centres

Gov. Adams Oshiomhole of Edo, has called on the Federal Government to establish labour unemployment centres across the federation. Oshiomhole…

Buhari set to establish committee to fast-track NNPC reforms

President Muhammadu Buhari said an inter-ministerial committee would soon be established to speed up the re-organisation and reformation of the…
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