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Business

Clark Asks FG To Revoke Tompolo, Dokubo’s Contracts

Ayorinde Oluokun/Abuja A prominent Ijaw leader, Chief Edwin Clark on Tuesday asked the Federal Government to revoke the multi-billion naira…

Dana Plane Crash: Judge Disappoints Victims’ Families

Cyriacus Izuekwe & Simon Ateba Victims of the Dana Air disaster in Lagos seeking compensation were disappointed this morning when…

FG invests N1.6trn on 600 public enterprises – BPE

Benjamin Dikki, Director-General of the Bureau of Public Enterprises (BPE), said the Federal Government invested N1.6 trillion to create 600…

Dangote to partner North East in agriculture

The President of the Dangote Group of Companies, Alhaji Aliko Dangote, has pledged to partner with state governments in the…

Nigerian Customs needs to be flexible, transparent – Spain

The Spanish Government on Saturday told the Nigerian Customs Service to adopt a more flexible and transparent approach when clearing…

Microsoft unveils first dual SIM phone in Nigeria

Following the successful acquisition of Nokia devices and services business, Microsoft devices, has unveiled the first smart dual SIM Windows…

IMF partners African finance ministers and governors

African finance ministers and governors of Sub-Saharan Africa have agreed to partner with the International Monetary Fund (IMF) on major…

No to hike in electricity tariff – Union

The National Union of Electricity Employees (NUEE) on Friday said it would not accept the proposed increase in electricity tariff.…

Mozambique plans sovereign wealth fund

Mineral-rich Mozambique is considering the establishment of a sovereign wealth fund, the country’s finance minister said Thursday. “We think it’s…

China fines foreign eyewear makers in price crackdown

China on Thursday fined several foreign eyewear makers more than 19 million yuan ($3.1 million) for “price manipulation”, the government…

Uganda joins oil producers in 2016

Uganda’s finance minister said on Thursday that the country hopes to begin full-scale oil production within two years, but vowed…

Malaysia Airlines union urges CEO to resign

Malaysia Airlines’ workers’ union called Thursday for the struggling carrier’s top managers to step down, adding to pressure with the…

No driver needed: Google unveils a self-driving car

The world has seen pilotless aircraft called drones. We have seen driverless trains. Now Google is set to unveil a…

Oil tanker explodes, sinks off Japan coast

An oil tanker was sinking off the Japanese coast Thursday after a large explosion and subsequent fire that sent towering…

Nigeria can draw international attention and investment – Experts

The McKinsey Global Institute (MGI), an international economic and business concern, said that Nigeria was endowed and strategically positioned to…

No regrets concessioning power plant – Sambo

Vice-President Namadi Sambo on Wednesday said the Federal Government had no regret in concessioning Shiroro Hydro Power Plant to North…

Ogun debt profile rises marginally

Abiodun Onafuye,Abeokuta The Ogun State Government Wednesday revealed that its debts profile had risen marginally to N37.9 billion as at…

Boko Haram Won’t Hinder Foreign Investment —Consultant

The present state of insecurity in the country caused by the Boko Haram sect will not hamper foreign investment in…

Lagos to abolish charges on telecom operators

The Lagos State Government on Tuesday expressed its readiness to abolish arbitrary charges on telecommunication operators in the state. This…

Group lauds FG’s industrial cities plan

The Nigerian Association of Small Scale Industrialists (NASSI), Bauchi State Chapter, has said the Federal Government’s plan to establish industrial…

Nigeria’s consumer market worth $400bn yearly – US Institute

Nigeria’s consumer market is worth more than 400 billion US dollars, the McKinsey Global Institute (MGI) announced in its report…

S.Africa economy shrinks for first time since ‘Great Recession’

South Africa’s economy shrank in the first quarter of the year, in the worst performance recorded since the global recession…

Samsung boss regains consciousness after 2 weeks

Samsung Electronics Chairman Lee Kun-hee has regained consciousness after over two weeks following an emergency surgery after a heart attack,…

Accor buys 97 hotels for 900 mn euros

Hotel group Accor on Tuesday announced the purchase of 97 hotels in Europe through its HotelInvest business for a total…

Nigeria: Up up goes electricity tariff

The Nigerian Electricity Regulatory Commission (NERC) on Monday announced an increase in electricity tariff by between N1 and N5. NERC…

Nigeria needs $30bn for gas production – Senate

The Chairman, Senate Committee on Gas Resources, Senator Nkechi Nwaogu says 30 billion dollars is required for the development of…

World Cup: 4 Arik Air customers get all-expense-paid trip

Arik Airline on Monday said it had rewarded four loyal customers with an all-expense-paid trip to Brazil following the conclusion…

30 Nigerian CEOs pledge N56bn CSR intervention

Thirty Chief Executive Officers (CEOs) of Nigerian companies have pledged their commitment to boost government’s effort in expanding the economy…

France to assist Oyo State in micro-finance enterprises

France has pledged its readiness to assist Oyo State in the provision of credit to small scale enterprises through the…

Total to stop gas flaring in Nigeria

Total, a French oil and gas company, has expressed its determination to be the first multinational oil and gas company…
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