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Business

Niger govt. to recover stolen fund through EFCC, ICPC

Niger Government said it had decided to engage the anti-graft agencies to recover stolen funds from the past public office…

Nigerian firm accuses South African coy of $8,000 fraud

Mr Patrice Unogu, the Managing Director of Global Lifting Services Nigeria Limited, said on Saturday that the Nigerian Consulate in…

Sokoto Area Customs Command collects N124.3m revenue in September

The Nigeria Customs Service (NCS) said it had collected over N124.3 million as revenue in September from the Sokoto, Kebbi…

French coys to meet with Buhari, invest in Nigeria

A delegation of 50 heads of French companies are expected to visit Nigeria next week to explore business opportunities and…

Ghana foresees high cocoa purchases in 2015/16

Ghana projects cocoa purchases of 850,000-900,000 tonnes in the 2015/16 cocoa season that opened on Friday. The chief executive of…

Abuja Trade Fair: Exhibitors applaud organisers for extension of closing date

Exhibitors at the 10th Abuja International Trade Fair have applauded the organisers for the steps taken to extend the closing…

Ondo to begin chocolate production April 2016

The Ondo State Government on Friday said that a modern chocolate factory to process premium quality cocoa beans produced in…

50 French coys to visit Nigeria, meet with Buhari

A delegation of 50 heads of French companies are expected to visit Nigeria next week to explore business opportunities and…

Committee on establishment of national carrier submits report

The Ministerial Committee on Establishment of National Carrier has submitted its report to the Permanent Secretary, Federal Ministry of Aviation,…

DHL appoints new Sub-Saharan Africa CEO

DHL Global Forwarding, leading provider of air, sea and road freight services in Europe and Asia, has appointed Daniella de…

West African crude oil exports to China hit four-year low

Reuters – West African crude oil exports to China were set to fall to a four-year low in October, reflecting…

Over-billing: Abuja DISCO refunding money to customers

The Abuja Electricity Distribution Company (AEDC) says it has complied with a Federal Government’s directive to refund money to its…

Staff death: Lagos Safety Commission shuts Chinese company

The Lagos State Safety Commission has put stop-work-order on Hongxing Steel Company Limited to stop its operations over safety violations.…

African investment leaders launch Sustainable Development Goals Business Statement

Africa investor (Ai), a leading international investment and communications group, has announced that it has launched a seminal business statement…

Shell to direct future investments in Nigeria on gas – MD

Reuters – Shell will focus its future investments in Nigeria on natural gas for domestic consumption and export, the managing…

Nigeria’s foreign reserves crash by $1billion

The Central Bank of Nigeria has revealed in its data for the month of September that there has been a…

World first ‘drone-port’ planned in Rwanda

Kigali (AFP) – It sounds like science fiction: unmanned drones carrying emergency medicine zooming above the rolling hills of Rwanda.…
Market Capitalisation

NSE indices appreciate further by 0.25%

The market indicators of the Nigerian Stock Exchange (NSE) recorded further appreciation on Tuesday improving by 0.20 per cent as…

AEDC customers reject proposed hike in electricity tariff

Electricity consumers in the Federal Capital Territory (FCT) and its environs, have rejected a proposed hike in electricity tariff being…

Nigeria’s oil exports under threat from theft crackdown

Nigeria’s latest effort to combat theft could imperil its oil income lifeline, compounding the damage the crude price fall has…
Nigeria Customs Service (NCS) boss Hameed Ali urges Nigerians not to engage in smuggling or patronising smugglers in Easter message

Customs confiscates N226m contraband in one week

The Federal Operations Unit (FOU), Zone ‘C’ of the Nigeria Customs Service (NCS), Owerri, said it confiscated contraband and counterfeit…

Over 3,000 mechanics register for Autofest training

Daniels Ekugo Thousands of auto technicians in Lagos have registered for Autofest which started Monday at the Blueroof of the…

Volkswagen to refit cars affected by emissions scandal

Volkswagen signalled on Tuesday it would recall up to 11 million vehicles as it tries to address the scandal over…

Digital TV Talk: Common decoder problems and solutions

SPONSORED Decoders, like other electrical or mechanical appliances, are prone to faults. This means they may not work and at…

Egbin Power plant now generating above 1,000mw, says Adesina

Kola Adesina, Chairman of Egbin Power Plc, says Nigeria has started benefiting from the dividends of power sector privatisation because…

Eko Disco to abolish fixed charge

The management of Eko Electricity Distribution Plc (EKEDP) on Monday said that it planned to abolish monthly fixed charges on…

DHL Express appoints new MD for Sub-Saharan Africa

Hennie Heymans, currently Managing Director of DHL Express South Africa, has been appointed as Managing Director of DHL Express Sub-Saharan…
Offshore oil rig

Crude oil transportation contracts cut costs— Experts

The Federal Government’s decision to award marine transportation contracts for crude oil movements from terminals to the refineries is not…

SimbaPay wins DEMO Africa 2015, eyes Silicon Valley

SimbaPay, a leading digital money transfer provider, on Friday, 25 September 2015 announced as the winner of the prestigious DEMO…

Probe of misappropriated NNPC revenue to commence – Buhari

President Muhammadu Buhari Sunday in New York said that the prosecution of those who misappropriated the NNPC’s revenue under past…
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