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Business

Ebola: BA stops flights to Liberia, Sierra Leone until 2015

British Airways extended to 2015 its suspension of flights to Liberia and Sierra Leone due to concerns about the spread…

FG approves dredging of Calabar channel

President Goodluck Jonathan has approved the dredging of Calabar channel to boost the economy of Cross River and the country.…

IMF chief grilled in French corruption case

The head of the International Monetary Fund faced a fourth round of questioning Tuesday over a multi-million-euro corruption case relating…

S.Africa dodges recession, posts 0.6% growth

South Africa narrowly avoided slipping into recession in the first half of the year, thanks in part to election-time government…

Peugeot gets approval for China plant

French auto maker PSA Peugeot Citroen’s fourth plant in China has been approved for the southwestern city of Chengdu by…

UBA Group appoints Tony Elumelu as Chairman

The board of United Bank for Africa Plc (UBA) today announced the appointment of Tony O. Elumelu as Chairman, succeeding…

Saudi set to generate $8.5 bn from hajj

Saudi Arabia could earn $8.5 billion from this October’s hajj, according to a study published on Monday, which predicted that…

Obasanjo says Jonathan has stifled the middle class

Former Nigerian president, Chief Olusegun Obasanjo says President Goodluck Jonathan has stifled the middle class just as the military tyrant,…

Jumia debuts in Cameroun

One of Africa’s leading e-commerce site, Jumia has now launched its services in Cameroun. The launch in the West African…

Sony hit by cyber attack, bomb threat

Japanese entertainment giant Sony said Monday its online music and gaming sites came under a cyber attack by a hacker…

Electricity company decries equipment vandalism in Bayelsa

The Port Harcourt Electricity Distribution Company (PHEDC) said on Sunday that the vandalism of its equipment in Yenagoa, Bayelsa capital,…

Delta farmers appeal for rehabilitation of cassava mills

Cassava farmers in Delta have appealed to the state government to rehabilitate the three abandoned cassava mills established by Governor…

FG urged to reduce interest rate on loans from MSME fund

Mr Muktar Alkali, the Provost of Mohamet Lawan College of Agriculture, Maiduguri, has urged the Federal Government to reduce the…

Amazon readying an attack on Google’s ad business

United States online giant Amazon is preparing to take on Google in one of its core businesses, Internet advertising, the…

Immigration set to recruit 5,000 officers

The Minister of Interior, Abba Moro, on Friday said the Federal Government planned to recruit 5,000 officers into the Nigeria…

Court slams N50m bail on CEO over 217M fraud

A Federal High Court sitting in Lagos on Friday slammed a N50 million bail on the Managing Director of Realtime…

Poor Leadership Bane Of Drug Trade —OBJ

West Africa must openly confront its political and governance weaknesses to curb the growing drug trade in the region, former…

CBN Lauds Glo Mobile Money Agent Network

Henry Ojelu The Governor of Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, has commended the launch of the first…

Grasscutter Farming Is Work In Progress

By Prince Arinze Onebunne In the past decade, food prices have skyrocketed to all-time high, in 2010-2011 alone, rising food…

12 states to receive $350m to boost water supply – World Bank

At least 12 states in the country are to receive a $350 million (about N56 billion) World Bank support to…

Globacom insures NURTW members with N1m each

Nigeria’s indigenous telecommunication outfit, Globacom has insured the lives of National Union of Road Transport Workers (NURTW) with N1,000,000 each.…

Gas shortage hindering effective power supply

The Independent Petroleum Marketers Association of Nigeria (IPMAN) said that sustained shortage of gas had remained a major threat to…

Glo Set To Launch Mobile Money Agent Network

Major telecoms service provider in Nigeria, Globacom, is set to launch a Mobile Money Agent Network, called Glo Xchange, in…

Nigeria Unveils Aircraft To Fight Oil Thieves

Nigeria’s military on Tuesday took the wraps off a new aircraft to tackle oil thieves high-seas pirates off the country’s…

CBN disburses N237bn to 313 agric projects

The Central Bank of Nigeria (CBN) said it had disbursed N237 billion to 313 projects under the Commercial Agriculture Credit…

Union, Sterling bag CBN’s agriculture awards

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday has rewarded Union Bank of Nigeria for…

FG to establish development finance institution – Jonathan

President Goodluck Jonathan on Tuesday in Abuja said the Federal Government would establish a wholesale Development Finance Institution (DFI) to…

Nigeria has 17m housing deficit – FCT Minister

The Minister of Federal Capital Territory (FCT), Senator Bala Mohammed, on Tuesday said the nation had a housing deficit of…

Standard Chartered fined $300 mn over laundering controls

New York’s banking regulator hit Standard Chartered Bank with a $300 million fine and restrictions on its dollar-clearing business Tuesday…
A- yet- to be identified operative of the Economic and Financial Crimes Commission (EFCC) has committed suicide at his residence in Abuja.

EFCC arrests 2 bank managers, 4 others over N167.5m scam

The Economic and Financial Crimes Commission (EFCC) said on Monday that it had arrested two bank managers and four others…
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