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N300bn boost for Nigeria’s power sector

Nigeria’s Federal Government said on Monday that it has set up a Power Sector Investment Fund through which players in…

Nigeria expands Sovereign Wealth Fund with $550mn

Nigeria’s Federal Government said on Monday that it has added $550m to the country’s sovereign wealth funds managed by the…

Court Dismisses Fani-Kayode’s Quest To Quash Charge

Akin Kuponiyi A Federal High Court sitting in Lagos, southwest Nigeria, Monday dismissed an application filed before the court by…

Dangote Invests N1.5trn In Lagos Petro-Chemical Plant

Kazeem Ugbodaga Africa’s richest man and multi-billionaire, Alhaji Aliko Dangote is investing over N1.5 trillion ($9 billion) to establish the…

14 Nigerian states discuss oil exploration

A meeting of the Association of Petroleum Inland Basin States of Northern Nigeria (APIBONN) will be declared open Monday by…

Jonathan faces scrutiny over missing oil money

The Jonathan administration is facing questions about where billions of dollars in oil money is going, amid suspicions of fraud…

NNPC turns ATM for PDP, says Tinubu

Former Lagos State governor and National Leader of the All Progressives Congress of Nigeria, APC, Asiwaju Bola Ahmed Tinubu, has…

Livestock Farming With Energized Water

Prince Arinze Onebunne Agriculture remains an untapped potential of the nation, which successive government have not fully invested in. It…

Dana Plane Crash: Landlord Seeks N540m Damages

Akin Kuponiyi An aggrieved victim of Dana Airline plane crash that occurred on Sunday, 3 June, 2012, Pastor Omawunmi Daniel…

Spohr is Lufthansa’s new CEO

Lufthansa, Germany’s number one airline, has named Carsten Spohr, currently head of its passenger business, to take over as its…

Lagos airport remodelling an exercise in glorified mediocrity

Tope Balogun I am not exactly a technophobe but my recent experience at the MMIA, in November 2013, has spurred…

London world’s most expensive city

London has become the most expensive city in the world, a new survey carried out by “Expatistan ,’’ has shown.…

Jumia Launches In Uganda

JUMIA, Africa’s leading online shopping destination has extended its services to Uganda, with promises to provide its new customers with…

Power firm appeals to consumers in Lagos over blackout

The Ikeja Electricity Distribution Company (IKEDC) has appealed to consumers in Oko-Oba, Ikotun, Ijegun, Idimu, and Ipaja in Lagos over…

Nine missing in South Africa’s goldmine blaze

South African emergency workers battled smoke and rockfalls Wednesday to rescue nine gold miners missing deep underground in a burning…

New Microsoft Chief Underlines Indian-Bred Success Abroad

India on Wednesday celebrated the appointment of Satya Nadella as the new chief executive of Microsoft, seeing it as another…

GTBank Plc Acquires Fina Bank Group

Guaranty Trust Bank Plc, (GTBank), a foremost African Banking Group, has now concluded the acquisition of a 70% stake in…

7-Reasons Why You Should Raise Grasscutters

By Prince Arinze Onebunne There are many reasons for keeping and raising grasscutters. Not only are they friendly, but they…

Microsoft Warns On Window XP Shut Down

Microsoft Nigeria has again warned PC users that its Windows XP, Office 2003 and Server 2003 will be “buried” by…

Panasonic, Sharp back in black

Two Japanese electronics giants, Panasonic and Sharp have reported rising profits in the nine months ending December last year. Panasonic…

Toyota doubles profits

Toyota said Tuesday it is on track for a record annual profit as it announced its nine-month net earnings more…

Emirates sets August date for daily flights from Kano, Abuja

Leading international carrier, Emirates Airline has said it is set to enhance its operations in Nigeria by launching scheduled daily…

Auto companies scramble for ANAMMCO

Three automakers are jostling to take over the production lines of the moribund Anambra Motor Manufacturing Company(ANAMMCO), Enugu, eastern Nigeria,…

Nigerian with 107 Citi Bank cards arrested at Lagos airport

Simon Ateba/Aviation correspondent A 36-year old Nigerian, with two different international passports, has been arrested at the Murtala Muhammed International…

Pirated books worth N4.7bn seized in Lagos

Pirated books worth N4.7 billion, about $300million were impounded at the ports in Lagos last year, the Zonal Manager, Lagos…

GE to invest $350mn in Nigeria’s power sector

General Electric has signed a deal with a Nigerian bank to invest $350 million in Nigeria’s ailing power sector, the…

Lagos sets the pace in issuing e-C of O

Lagos State has set the pace in Nigeria, being the first state to issue an electronic certificate of occupancy to…

Nigerian Navy arrests hijacked ship

The Nigerian Navy has intercepted a Greek-owned merchant tanker, MT KERALA, purportedly hijacked off the coast of Luanda after `spirited…

Ajudua’s Trial Stalled

The trial of alleged fraud kingpin, Fred Ajudua, over allegation of duping two Dutchmen, Remy Cina and Pierre Vijgen, of…

Dana Resumes Flights

Dana Air will begin flight operations on Monday, three months after it was suspended by the Nigerian Civil Aviation Authority,…
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