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Fashola inaugurates committees to grade Lagos hotels

The Lagos state government has set up two committees to assess hotel facilities in the state and advise government on…

Dangote Cement profits jump in half year result

Dangote Cement Plc says its 2013 first half pretax profit surged by 52 percent to N107.7 billion ($670 million) from…

Obasanjo begins farming in Liberia

Nigeria’s former president, Olusegun Obasanjo has expanded his farming business into Liberia. The 125 acre farm, also known as Obasanjo…

Video of the week: Rage of stranded Arik Air passengers

Arik Air New York bound passengers enraged after the airline failed to lift them Wednesday at the Murtala Muhammed Airport…

Wema Bank raises N40b new capital

Mr Segun Oloketuyi, Managing Director, Wema Bank Plc, said on Friday the bank had successfully completed its N40 billion capital…

Blockade on Nigerian LNG exports lifted

A blockade on exports of liquefied natural gas (LNG) from Nigeria has been lifted following a partial resolution of a…

Mushroom Farming: A Cure For Nigeria’s Mono-Economy Syndrome

More farmers are of late going into the farming of mushrooms, a neglected and forgotten healthy food, which is not…

Court shields Ubah from arrest.

Nnamdi Felix / Abuja Justice Abdul Kafarati of Nigeria’s Federal High Court siting in Abuja on Thursday restrained the Economic…

Arik Airline New York Passengers Stranded

Hundreds of passengers with Nigeria’s largest airline, Arik Air, were exasperated on Wednesday night and Thursday morning after their flight…

Insider Abuse In Nigerian Banks

The country’s banking industry is crawling with criminally-minded people who, through a variety of tricks, continue to milk depositors. Now…

Glo Unveils N500m “Recharge to Stardom” promo

Nigeria’s indigenous telecommunication company, Globacom is set to blow its customers away as it gears up for its 10th anniversary…

Lagos appraises S/Court verdict on hospitality business

The Lagos State Government on Wednesday said though it lost close to N4Billion in revenue to the illegal regulations of…

3 power distribution centres opened

Nigeria’s Federal Government on Wednesday inaugurated three National Integrated Power Project (NIPP) Distribution Sub-Stations the under the Ibadan Electricity Distribution…

No Power For Houses Under High Tension Wire —PHCN

Management of Power Holding Company (PHCN) in Niger State has warned residents and property owners under high tension wires in…

Nigeria: Scarcity of aviation fuel delays flights

The scarcity of aviation fuel being experienced by airlines in Nigeria is causing flight delays in some airports across the…

US based Wells Fargo now world’s biggest bank

The Industrial & Commercial Bank of China (ICBC) has lost its standing as the world’s largest bank by market capitalisation…

Guinness loses big, Forte Oil gains

The market capitalisation of the Nigerian Stock Exchange (NSE), on Tuesday declined by N65 billion, as a result of huge…

NLC Threatens To Join ASUU Strike

The Nigeria Labour Congress, NLC, has threatened to join the Academic Staff Union of Universities, ASUU, in solidarity strike if…

Overland Airways Increases Flights To Ibadan, Asaba

Overland  Airways, Nigeria’s commercial airline with the smallest aircraft has increased its flight frequencies from the country’s hinterland to Nigeria’s…

Dana Air Slashes Fares To N7200

Simon Ateba/Aviation correspondent Dana Air has reduced its fares to N7200 on all its destinations across Nigeria, the airline said…

NSE’s market value rises by N300 billion

The market capitalisation of the Nigerian Stock Exchange (NSE) last week appreciated by N300 billion to close at N12.138 trillion.…

EFCC Arrests Serial Fraudster over $92,000 Scam

Nigeria’s Economic and Financial Crimes Commission, EFCC, has arrested Dr. Princewell Arinze Chukwueze, an alleged serial fraudster, over a $92,000(Ninety-Two…

Arik Passengers Protest 9 Hours Delay

Arik Air passengers on Sunday erupted in anger and protested at the departure lounge of the Murtala Muhammed Airport Terminal…

NDLEA Arrests 41 With N2.3bn Worth Of Drugs

The National Drug Law Enforcement Agency (NDLEA) at Murtala Mohammad International Airport , Lagos, arrested 41 suspected drug traffickers in…

Supreme Court strips NTDC of hotel regulatory powers

A panel of the Supreme Court of Nigeria, led by Justice Suleiman Galadima, has unanimously declared that it was only…

110 investors bid for Nigeria’s power plants

No fewer than 110 investors have expressed interest in the 10 power plants of Niger Delta Power Holding Company (NDPHC)…

China shuts travel agency in GSK bribery case

SHANGHAI, July 19, 2013 (AFP) – China has shut down a travel agency which served as a conduit for bribes…

Sterling Bank profit hits N5.92b

Nigeria’s Sterling Bank Plc has announced a profit after tax of N5.92 billion for the half year ended June 30.…

In Pictures: Fashola visits LASAA

It was a busy day for Nigeria’s Governor Raji Fashola of Lagos state on Thursday 18 July. After returning to…

US city files for bankruptcy

The city of Detroit in the US state of Michigan on Thursday became the largest city in US history to…
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