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Dangote Sugar targets 2mn tonnes annually

The Dangote Sugar Refinery says its target is to produce about 2 million tonnes of sugar per annum from locally…

French firm to train Nigerian engineers

A French renewable energy company, Vergnet, has announced its plan to train six Nigerian engineers on wind farm technology, to…

FG plans massive improvement in national grid

Benjamin Dikki, Director-General, Bureau of Public Enterprises (BPE), said Nigeria was planning massive improvement in the national grid system. The…

NSE capitalisation rises by N92bn

Transactions on the Nigerian Stock Exchange (NSE) on Friday maintained the bullish trend with the market capitalisation appreciating further by…

DPR uncovers illegal oil factory, arrests 3 workers

The Department of Petroleum Resources (DPR) on Friday uncovered and sealed an illegal engine oil manufacturing factory in Usubu village,…

GTBank wins second African bank of the year

Guaranty Trust Bank (GTBank) Plc has won the “2014 African Bank of the Year”, award by African Banker Magazine. NAN…

Kwara Govt adopt PPP to boost agro-business

The Kwara Government said on Friday that it would adopt public private partnership (PPP) strategy to boost agriculture in the…

Jonathan Signs 2014 Budget

Oluokun Ayorinde/Abuja President Goodluck Jonathan this morning signed the 2014 Appropriation Act into law. Following this, the president directed Dr.…

‘My Dream Is To Put Grasscutter In Every Home’

For the Chief Executive Officer, Jovana Farms, Prince Arinze Onebunne, raising grasscutter has become second nature. He said the production…

Nike ready to bid highest for Man United deal

Sports clothing group Nike is prepared to spend $600 million over about 10 years to keep alive its contract to…

Toyota recalls 520,000 vehicles globally

Toyota on Friday said it is recalling about 520,000 vehicles, mostly in North America, over several issues including cable corrosion…

Skye Bank Bids For New Bank

Skye Bank Plc has indicated interest in acquiring a new generation bank, Timothy Oguntayo, the Group Managing Director of the…

Oil prices rise on surprise slump in US crude stocks

World oil prices rallied on Wednesday following news of tumbling crude reserves in top consumer the United States. The US…

In Pictures: Ogun Investors’ Forum 2014

The second edition of the Ogun State Investors’ Forum themed Agriculture and Urban Development: Ogun State…The new Frontier”.

FG stops 1% deduction from Federation Account

Kazeem Ugbodaga The Federal Government has stopped the one per cent illegal deduction from State’s share in the Federation Account.…

N5bn Fraud: Court Grants Ex-Chevron Accountant N5m Bail

Henry Ojelu A Lagos High Court sitting in Ikeja Wednesday granted former Chevron accountant, Michael Adenuga, bail in the sum…

N31bn Lost Annually To Energy Wastage In Lagos

Kazeem Ugbodaga The Lagos State Government says an estimated N31 billion is being lost annually to energy wastage. This figure…

FG earmarks N640bn for construction of power transmission – Sambo

The Federal Government has earmarked four billion dollars (N640 billion) for the construction and rehabilitation of power transmission infrastructure across…

Microsoft to appeal ban in China

Microsoft said Tuesday it would maintain efforts to gain approval in China for its Windows 8 operating system after a…

Kaduna refinery produces at 60% capacity – MD

The Kaduna Refining and Petrochemical Company (KRPC) on Tuesday said it that the company was currently operating at 60 per…

Sanusi vs Jonathan : Court declines jurisdiction

Nnamdi Felix/ Abuja A Federal High Court in Abuja, the Nigerian capital, has declined jurisdiction to determine whether President Goodluck…

Naira loses 73kb against dollar

The Naira on Monday depreciated against the dollar, dropping by 73 kobo at the official market. NAN reports that the…

Performance audit will curb fund mismanagement – AGF

The Auditor-General of the Federation, Samuel Ukura, on Monday in Abuja said the adoption of performance audit would curb mismanagement…

Tax evasion: US slams Credit Suisse with criminal charge

The United States hit Credit Suisse with criminal charge Monday for helping rich Americans evade taxes, ahead of an expected…

SEC to partner entertainment industry on financial literacy

Arunma Oteh, Director General, Securities and Exchange Commission (SEC), said the commission will partner with the entertainment industry to leverage…

Japanese car giants team up on green engines

Japan’s eight carmakers have joined forces to develop environmentally friendly engines to stave off fierce competition from foreign rivals, a…

Bank of England warns of housing market risk

The British housing market has “deep, deep problems” and is the biggest risk to the country’s financial stability, the governor…

Motorists condemn petrol stations fraudulent practices

Some motorists in Lagos State on Friday condemned the sharp practices of petrol stations and scarcity of petroleum products in…

Omatseye vs NNPC: Court dismisses suit

The Federal High Court in Lagos, on Friday, dismissed a suit by a plaintiff, against the Nigerian National Petroleum Corporation…

Shell resumes oil exports in Nigeria

Anglo-Dutch oil group Shell has resumed crude oil exports from a key terminal in southern Nigeria after repairing a sabotaged…
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