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Business

Nigeria: Blue chips drop points at NSE

Equity transactions on the Nigerian Stock Exchange (NSE) closed for the week on depressed note on Friday with the market…

Jonathan approves sale of Nigeria’s 4 refineries

Nigeria’s Bureau of Public Enterprise (BPE), on Friday in Abuja announced that President Goodluck Jonathan has approved the privatisation of…

Antelope Farming For Tourism, Food, Leisure & Leather

By Prince Arinze Onebunne Just like every country of this world seeks peace by stockpiling weapons of war even when…

UBA appoints Ambassador Keshi chairman

United Bank for Africa (UBA), the pan-African financial services group in which investment company Heirs Holdings has a strategic interest,…

Jaiz Bank posts N1billion loss

Jaiz Bank recorded an operating loss of N1.07 billion in 2012, Alhaji Umaru Mutallab, the Chairman, Board of Directors of…

Reps want Jonathan review Oduah’s status as minister

Simon Ateba/Aviation correspondent The Nigerian House of Representatives has endorsed the report of its House Committee on Aviation, which had…

Okonjo Iweala: 28 percent of budget for capital expenses

Ayorinde Oluokun/Abuja Nigeria’s Federal Government on Thursday presented a budget estimate of N4.6 trillion to the National Assembly for the…

Okonjo-Iweala Presents 2014 Budget Estimates To National Assembly

Dr. Ngozi Okonjo Iweala, the Minister of Finance and Coordinating Minister of the Economy laid the 2014 budget estimates separately…

Oil prices down as US cuts bond buying

Oil prices eased in Asian trade Thursday after the US Federal Reserve said it would next month start to scale…

Sanusi Lamido: I did not say $49.8b missing

The Governor of Central Bank of Nigeria (CBN), Mr Sanusi Lamido Sanusi, on Wednesday in Abuja denied saying that 49.8…

Fleeced power consumers in Lagos want pre-paid meters

Electricity consumers in Lagos metropolis on Wednesday urged the new investors in the nation’s power sector to comply with the…

Blue chips rally at Lagos exchange

Activities on the Nigerian Stock Exchange (NSE) maintained the positive trend on Wednesday with the market indicators appreciating further by…

Stan Ekeh, Microsoft advisor to help domestication of ICT

The Chairman of Zinox Group, Mr Leo Stan Ekeh, on Wednesday said that he would ensure the domestication of technology…

Port workers threaten to embark on strike

The Senior Staff Association of Communications, Transport and Corporation (SSACTAC) of the Nigerian Ports Authority (NPA) on Wednesday threatened the…

Pirates kidnap 2 foreigners in fresh strike off Nigeria

Pirates have attacked an oil products tanker off the coast of Nigeria and kidnapped its Ukrainian captain and a Greek…

Amosun slashes land document fees

Abiodun Onafuye/ Abeokuta Home and land owners in Ogun State have gotten what could be described as Christmas gifts as…

Vintage wine seller’s collection fake

Almost all the wines found in the home of renowned dealer Rudy Kurniawan were fakes passed off as expensive rare…

900 Ex-Nigeria Airways staff die of frustration, the living protest

No fewer than 900 former staff of the defunct Nigeria Airways have died after they waited fruitlessly for the payment…

Arik Air unveils new generation Bombardier jet

Simon Ateba/Aviation correspondent Simon Ateba/Aviation correspondent Nigeria’s largest airline, Arik Air, on Saturday, celebrated its seventh anniversary with a brand…

$50bn Fraud: Govt Audits NNPC Account

Following revelations by Sanusi Lamido Sanusi, the Central Bank of Nigeria Governor,  that the Nigeria National Petroleum Corporation, NNPC, between…

House of Reps to investigate telecoms operators

The House of Representatives has mandated its Committee on Communications to investigate alleged unwholesome practices by telecommunication operators in Nigeria.…

Nigeria Breweries, Mobil, Unilever Drag Market Cap Downward

A total of 390.35 billion shares valued at N2.93 billion were traded in 5,012 deals on the Nigerian Stock Exchange…

Tambuwal Urges EFCC To Prosecute Oil Thieves

The Speaker of Nigeria’s House of Representatives, Aminu Tambuwal, has urged the Economic and Financial Crimes Commission (EFCC) to arrest…

US Fines Julius Berger N5.1b For Bribing Nigerian Officials

The United States Justice Department and the Federal Bureau of Investigation have confirmed that construction giant Julius Berger’s foreign affiliate…

NCAA commences Dana Air audit

Simon Ateba/Aviation correspondent The Nigerian Civil Aviation Authority, NCAA, has commenced a full scale operational audit of DANA Air, the…

Panasonic Unveils HC-MDH2 Camera

Panasonic Corporation, a worldwide leader in the development and manufacture electronic products for a wide range of consumer, business and…

Reps To Probe Oil Theft

The House of Representatives is set to probe the incessant theft of Nigeria’s crude oil which has resulted in a…

Mahmud Tukur docked again for oil subsidy fraud

Henry Ojelu& Oluchi Chiowa The Economic and Financial Crimes Commission today re-arraigned Mahmud Tukur, son of the Chairman of the…

GTB takes over Kenya’s Fina Bank

Kenya’s Fina Bank has been renamed Guaranty Trust Bank (GTB), following a 70 percent acquisition by the Nigeria-based lender, governor…

Sanusi Lamido exposes $50b fraud by NNPC

On a day the world focussed on anti-corruption campaigns, a mind boggling revelation has been made by the Governor of…
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