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Business

$7b racket: Nigeria moves to rein in oil thieves

Governor Godswill Akpabio of the southern Nigerian state of Akwa Ibom has been appointed as the head of the Committee…

Oil theft, signs amnesty not working, says PENGASSAN

The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN has described recent claims by the Special Adviser to…

Fire Razes Coscharis Warehouse

Lagos State Fire Service and the Navy are battling to extinguish a raging fire that gutted a warehouse belonging to…

Enterpreneur Calls For Quick Passage Of PIB

An oil and gas entrepreneur, Mr Wilson Opuwei, has called for the quick passage of the Petroleum Industry Bill (PIB)…

Google eyes TV service over the net

US Internet giant Google is scrambling to deliver pay television online and has met with some content providers on licensing,…

‘E-Commerce To Upstage Mainstream Shopping’

Minister of Communication Technology has predicted the demise of standard shops as more Nigerians embraced e-commerce. Speaking at the first…

iPhone Electrocutes Woman

Apple is investigating the death of a Chinese woman who was killed by an electric shock while answering a call…

Electricity Workers Clash In Benin

JETHRO IBILEKE/Benin Members of the Senior Staff Association of Electricity and Allied Companies (SSAEC) and the junior workers grouped under…

Father, Son Arrested With Cannabis

The National Drugs Law Enforcement Agency (NDLEA) on Monday said it has arrested a father and his son over alleged…

Nigeria’s leading job site still has a job to do

LAGOS (AFP). When university student Ayodeji Adewunmi faced daunting hurdles in starting his own business in Nigeria, he turned to…

Boeing stocks plunge after Dreamliner fire

Boeing stocks plunged nearly 5 percent on Friday after a fire and a “technical issue” on separate 787 Dreamliners in…

NIMASA lifts blockade of LNG exports after N76b loss

The Nigerian Maritime Administration and Safety Agency that has blockaded liquefied natural gas exports for three weeks, costing $475 million…

Ethiopia Airline’s Boeing Dreamliner gutted by fire

An Ethiopian Airlines 787 Dreamliner caught fire at London’s Heathrow airport on Friday in the latest calamity for Boeing’s troubled…

Shell Again Shuts Major Oil Pipeline

Shell has shut a major pipeline in Nigeria for the second time in less than a month after locating another…

Volkswagen reports sales boost half year

Volkswagen, Europe’s biggest car maker, said on Friday it was satisfied with business in the first six months of the…

Shell shuts major pipeline, output cut by 150k barrels

Shell has shut a major pipeline in Nigeria for the second time in less than a month after locating another…

Stockbroker jailed for defrauding clients

An Ikeja High Court on Thursday sentenced a stockbroker, Ayoola Coker, to 30 years imprisonment for stealing N17.5 million shares…

IEA forecasts higher demand for oil next year

Global economic recovery and emerging markets led by China will boost growth of oil demand to a record high total…

Nigeria Moving Away From Oil Dependence, Says Jonathan

President Goodluck Jonathan said Thursday in Beijing that the increasing exploitation and utilisation of shale gas and other alternative sources…

Pastor Arrested With 317 Kegs Of Stolen Petrol

Officials of the Lagos State Taskforce on Environmental and Special Offences (Enforcement) Unit have arrested a pastor and three others…

Kings, Security Operatives Oil Thieves —NSCDC Chief

Highly placed Nigerians, including traditional rulers, security personnel and youth leaders have been accused of being involved in oil theft…

Kings, Security Personnel Linked with Oil theft

JETHRO IBILEKE/Benin Highly placed Nigerians, including traditional rulers, security personnel, youth leaders, have been fingered in the recent upsurge in…

Nigeria, China sign pacts on economic ties

Nigeria’s President Goodluck Jonathan and President Xi Jinping of China Wednesday in Beijing presided over the signing of five agreements…

OPEC optimistic On Oil Demand Growth In 2014

World oil demand will pick up at a faster rate in 2014, the oil exporting cartel OPEC said on Wednesday,…

Arik Unveils New Generation Plane

Arik Air, Nigeria’s largest airline, unveiled its latest plane on Wednesday, saying the new Airbus 330-200 twin-engine aircraft with a…

Court Orders Burial Of Industrialist A Year After

Chief Dike Ifegwu, a Nigerian industrialist who died over a year ago, can now rest in peace. A Nigerian high…

IMF cuts Nigeria’s, global growth forecast

WASHINGTON (AFP) – The International Monetary Fund on Tuesday cut its global economic growth forecast, citing new downside risks in…

Babalakin In Crutches, Lawyer Tells Court

Lawyer to the embattled Chairman of Bi-Courtney Ltd, Wale Babalakin, Dr Abiodun Layonu (SAN) today told a Lagos High Court…

Abuja Court Summons Borishade

An Abuja High Court on Monday ordered Babalola Borishade, a former minister of Aviation to appear before it unfailingly on…

Kerosene Scarcity Hits Lagos, Ogun

Most filling stations across Lagos and Ogun states, southwest Nigeria, have been without kerosene, a major source of cooking gas…
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