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Delta state buys N20bn shares in power companies

The Commissioner for Energy in the southern Nigerian state of Delta, Mr Charles Emetulu, on Thursday said the state government…

Nigerians To Experience Drop In Electricity Supply

Transmission Company of Nigeria, TCN, has indicated that electricity generation in the country will drop by 400megawatts beginning from Monday…

Etisalat Wins Best Customer Service Award

The fastest growing telecommunications services provider in Nigeria, Etisalat, has been named the ‘Best Customer Service Telecommunications Company’ by the…

NNPC replies Senate on missing N500b SURE-P fund

The management of the Nigerian National Petroleum Corporation, NNPC, on Wednesday described reports linking it to the Sure-P budget as…

Female Banker Steals N24m From Customers

A female staff of an old generation bank in Ondo State, southwest Nigeria, Alabi Joy Omotayo, 26, has been arrested…

Oduah’s Lying Machine Still Roaring

The last word is yet to be heard on the riveting BMW armoured car scandal involving Nigeria’s aviation minister, Princess…

Senator alleges N500b missing in SURE-P fund

A member of the Nigerian Senate Ad hoc Committee on the Subsidy Re-investment Empowerment Programme (SURE-P), Senator Kabiru Marafa has…

NDDC presents N315.8bn budget for 2014 to Senate

The Niger Delta Development Commission (NDDC) on Tuesday in Abuja presented a budget of N315.8 billion for 2014 to the…

Ex-manager sues John Holt over unlawful dismissal

A former employee of John Holt PLC, Mr Echezona Nzeribe, has taken the company before the National Industrial Court, Abuja,…

Waivers, duty exemptions dent Nigeria Customs revenue by N603b

Alhaji Abdullahi Dikko, the Comptroller-General of the Nigerian Customs Service (NCS), said on Monday in Abuja that the agency lost…

Dangote group to cultivate 300k hectares of sugar cane

The Dangote Group said on Monday that it has concluded plans to invest in 300,000 hectares of sugar plantation across…

Shell to sell licences, pipelines in Nigeria

Anglo-Dutch oil giant Shell said on Monday that it intended to sell some assets in Nigeria after announcing a slump…

Air France/KLM gives conditions for Alitalia investment

Air France-KLM has laid out strict conditions for further investment in Italy’s troubled Alitalia airline, including the culling of 5,000…

NNPC contains fire at Minna depot

The Management of NNPC on Sunday said the fire incident at its Minna Depot, in the central Nigerian state of…

Nigeria’s aviation corruption: Airlines stop payment of charges

Simon Ateba/Aviation correspondent The crisis buffeting Nigeria’s troubled aviation industry escalated on Sunday with Nigerian airlines announcing that they will…

End of An Era: Bye Bye PHCN, welcome light

Across Nigeria today, the Federal Government completed the final burial rites for the Power Holding Company of Nigeria, handing over…

Ibru Tasks FG As 2013 Lagos Trade Fair Opens

President, Lagos Chamber of Commerce and Industry (LCCI), Mr Goodie Ibru, on Friday said that globally competitive businesses were the…

Meyer: We Have Invested Heavily In Nigeria

Nico Meyer, CEO, MultiChoice Africa, sheds light on the company’s activities in Nigeria How would you assess your operations in…

N255m Car Scandal: Lagos Govt Opens Up

The N255 million BMW car scandal rocking Nigeria’s aviation ministry took a dramatic turn on Thursday with the Lagos State…

Conoil PAT jumps more than 400 per cent

ConOil Plc has recorded more than 400 per cent in its PAT, in the third quarter, according to the company’s…

Nestle declares interim dividend to shareholders

Nestle Nigeria Plc, with third quarter net profit rising by over N1.7billion, has declared an interim dividend of N1.50($0.01) to…

Odu’a Investment opens 2 malls in Ibadan

GBENRO ADESINA/IBADAN The Odua Investment Conglomerate in western Nigeria, today commissioned N3b Heritage and Cocoa malls in Ibadan, capital of…

Unilever Introduces New Royco Flavour

Unilever Nigeria PLC, a leading consumer goods company, recently re-launched the Royco seasoning brand with the introduction of a new…

GOtv Rewards Vendors With Tricycles

Keeping to its virtues of Consistency, Accessibility, Reliability and Efficiency, CARE, digital terrestrial pay-TV operator, GOtv, has rewarded 17 vendors…

Reps Public Hearing: Stella Disowns BMW Cars

Nigeria’s embattled Aviation Minister, Stella Oduah, on Thursday, disowned the two BMW cars purchased for her by the Nigerian Civil…

Traffic Violation: Fashola Declares War Against Military, Policemen

Governor Babatunde Fashola of Lagos State, southwest Nigeria, has vowed to prosecute policemen and military officers violating the state’s Road…

PHCN Workers Threaten Showdown

Thousands of disengaged workers of the Power Holding Company of Nigeria, PHCN, have threatened a showdown with the Federal Government,…

Glo Slashes BlackBerry Tariff By Half

Globacom has slashed the tariff on BlackBerry plans by half in an unprecedented move aimed at liberalising access to the…

Arik Air Celebrates 7th Anniversary With New Plane

Nigeria’s largest airline, Arik Air, celebrated its seventh anniversary on Wednesday with the acquisition of a five-year old plane, an…

Nigeria’s unrest, crude theft dent Shell’s profit again

Royal Dutch Shell’s net profit slid 35 percent in the third quarter on lower refining margins and disruption to production…
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