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Business

Ohi Alegbe, new Group GM Public Affairs for NNPC

The Nigerian National Petroleum Corporation (NNPC) has announced the appointment of Mr Ohi Alegbe as Group General Manager, Public Affairs…

Glencore buys Caracal Energy

Mining company Glencore Xstrata said it agreed to buy Chad-focused oil company Caracal Energy (CRCL.L) for about 800 million pounds,…

Senate to invite Diezani on NNPC opaque finances

Nigeria’s Senate Committee on Petroleum (Downstream) has said it will invite the Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, to…

CBN charges for currency sorting when banks fail to do so

The Central Bank of Nigeria (CBN) says it does not charge Deposit Money Banks (DMBs) for Currency Sorting Services for…

Eko Hotels eyes world-class standard

The management of Eko Hotels and Suites said it has concluded plans to upgrade infrastructure at the facility to make…

IMF has changed, says Largarde

The International Monetary Fund has changed and no longer imposes tough “structural adjustment” programs as it did in poor countries…

FG to protect farmers from climate change

Dr. Akinwumi Adesina, Minister of Agriculture and rural Development, has reiterated that Federal Government’s determination to protect farmers from the…

Nigeria’s capital approves new housing project

The Minister of Nigeria’s Federal Capital Territory, Senator Bala Mohammed, said the city’s authorities had given 1,264.8 hectares of land…

Sick Nestle chairman to continue duties

Swiss food giant Nestle has said that its chairman Peter Brabeck-Letmathe has been diagnosed with an illness requiring six months…

Power Outage Stalls Sanusi’s Case

Akin Kuponiyi Power outage forced a Federal High Court sitting in Lagos State, southwest Nigeria, Friday to adjourn till 17…

Samsung S5 goes on sale worldwide

The latest version of Samsung’s flagship Galaxy smartphone series went on sale worldwide Friday, days after the electronics giant announced…

Kwara state to float N23 billion bond

Stephen Oni/Ilorin Kwara state government is to access N23billion bond from the capital market to execute infrastructural projects in the…

Ogunbambo, Fuel Subsidy Fraud Suspect Flees To Canada

Henry Ojelu The Economic and Financial Crimes Commission, EFCC, Thursday, informed a Lagos High Court in Ikeja, western Nigeria, that…

Belo-Osagie speaks on success, failure and importance of family

Nigeria’s businessman, Hakeem Belo-Osagie has shared with students of Wake Forest University, North Carolina, United States some of the peaks…

Pair of Japanese mangoes sells for $3,000

A pair of mangoes grown in southern Japan sold Thursday for a whopping 300,000 yen ($3,000), a record price for…

P.M.NEWS Investigation: Auto firms never recall defective cars in Nigeria

Daniels Ekugo Today’s announcement by Toyota Japan to recall about 6.39 million vehicles worldwide is causing anxiety among motorists worldwide,…

Nigeria’s Power Firm Owes N850bn

Nigeria’s National Electricity Liabilities Managing Company (NELMCO), on Wednesday said it was grappling with N850 billion debt it inherited from…

South Africa’s Woolworths to buy David Jones

South African retailer Woolworths Holdings Ltd (WHLJ.J) is set to buy Australia’s second-largest department store David Jones (DJS.AX) for $2…

Toyota recalls 6.39 million vehicles worldwide

.Corolla sedan, the RAV4 sport utility vehicle and Yaris affected Japanese auto giant Toyota on Wednesday said it was recalling…

House of Reps approves $1bn loan for NNPC

The House of Representatives, has approved the 1.56 billion dollars loan facility proposed by the Nigerian National Petroleum Corporation (NNPC).…

About 67.5 per cent of Nigerians don’t have bank accounts

The Managing Director of Unity Bank Plc, Henry Semenitari, said in Abuja that only about 32.5 per cent of people…

IMF trims emerging market growth outlook

Emerging markets face increasing risks, the International Monetary Fund (IMF) has warned as it trimmed its outlook for the countries…

GDP Rebasing: Raise Per Capita Income, World Bank Tells FG

The World Bank has urged the Federal Government to strive to raise its citizens’ per capita income to justify the…

Africa’s Biggest Economy Tag: Nigerians Blast Okonjo-Iweala

Angry reactions have continued to trail the announcement that Nigeria’s economy is now bigger than that of South Africa following…
Mike Adenuga of Globacom

Glo Gives Out 53 Exotic Cars To Premium Partners

National Telecom Operator, Globacom has presented 53 posh vehicles and other lofty prizes to its premium trade partners responsible for…

Holcim, Lafarge announce merger, now world’s biggest

Swiss cement group Holcim and French rival Lafarge are to merge creating a dominant supplier of cement for concrete to…

Economists shrug at Nigeria’s growth jump

. The view abroad is that rebasing is an exercise in vainglory South Africa remains the most important economy in…

Nigeria overtakes South Africa as the continent’s largest economy

Nigeria has overtaken South Africa as the continent’s largest economy with a GDP of $453 billion in 2012, officials said…

US ship captain reveals oil theft business in Nigeria

Surrounded by rolling cornfields, Sidney, Illinois is a sleepy midwestern town with a population hovering just above 1,000. Captain Wren…

Holcim, Lafarge merge to create world’s top cement firm

The boards of Switzerland’s Holcim and French rival Lafarge have agreed to the merger of their companies to create the…
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