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Business

13 Airports Now Cargo Terminals

Thirteen airports in Nigeria have been designated as perishable cargo airports, authorities said on Tuesday, describing the move as a…

Power Sector Tussle

Two power companies owned by Professor Barth Nnaji, former Minister of Power, take on the Bureau of Public Enterprises in…

Report: West Africa now world’s piracy capital

West Africa has overtaken Somalia as the world’s piracy hot-spot with 966 sailors attacked last year, a report by the…

IBM Offers Lagos ‘Smart Transportation’

A team of IBM experts completing a month-long pro bono consulting assignment, has made recommendations to the Lagos State Government…

Indian Firm Makes Foray Into Nigeria’s Mobile Money Sector

India’s leading mobile financial services technology enabler, Estel Technologies, has entered into a partnership with pan African technology service provider,…

MD Faces Trial Over N1.7b Oil Subsidy Fraud

There is no reprieve yet for the Managing Director and CEO of Stonebridge Oil Ltd, Mr. Samuel Owa who is…

Boko Haram Sacks 19,000 Farmers

Islamic militants have driven 19,000 rice farmers from their land in northeast Nigeria while a military crackdown is preventing thousands…

S/ African company invests in Nigeria’s E-retail firms

Cape Town based Silvertree Capital (www.silvertree-capital.com), an Africa-focused business builder and venture capital investor, has invested in two of Nigeria’s…

N144m Fraud: Ex-Bank GM’s Arraignment Stalled

A Federal High Court sitting in Lagos has adjourned till 30 September, 2013 criminal charges of stealing about N144 million…

Court Awards N5b To Maevis

A Federal High Court sitting in Lagos, southwest Nigeria, on Monday, awarded Maevis Nigeria Limited the sum of N5 billion…

Climate agency warns on dangers of burning coal

With rainfall patterns changing and food growing region getting drier, an Australia climate agency warned today that most fossil fuels…

Nigeria grounds cargo plane from Ukraine

Nigeria’s authorities have grounded a Ukrainian cargo plane suspected to be carrying military hardware at the Malam Aminu Kano International…

Angola begins gas export to Brazil

Angola announced Sunday it has started producing and exporting liquefied natural gas (LNG), with a first shipment departing from the…

Fastjet Airways to Begin Operation in Nigeria

Ayo Oluokun/Abuja Fastjet plc (fastjet), Africa’s lowcost airline, has signed a Memorandum of Understanding (MoU) with Nigeria’s Red1AirwaysLtd(Red 1), to…

Court Fixes Date For Fawaz Suit Against FG

A Federal High Court sitting in Abuja on Thursday fixed 21 June to hear the suit instituted by Mustapha Fawez,…

Microgames Networks Launches Online Casino

Microgames Networks, has launched Nairagames.com, Nigeria’s first online casino which features instant wins on the “wheel of wealth” games. According…

Junk Plane Found In Lagos Suburb

A junk plane belonging to flamboyant preacher and founder of Bethel Ministries, the late Gabriel Oduyemi, triggered panic across Lagos,…

Samsung Heavy wins $3bn order from Nigeria

SEOUL(AFP) – South Korean shipbuilder Samsung Heavy Industries said Thursday it had won a $3.0 billion order to build a…

Court Declines To Hear Taraba Gov’s Health Case

A Federal high Court siting in Abuja on Wednesday declined to wade into a suit relating to the health condition…

NDLEA Arrests Two With Cocaine Inside Shoes

Two men who craftily concealed cocaine inside shoes have been arrested, Nigeria’s anti-drug agency said on Wednesday. The National Drug…

Chevron offloads two Nigerian oil blocks

US-based Chevron announced Tuesday it was selling its interest in two Nigerian oil blocks, becoming the latest multi-national to part…

FirstBank Concludes IT Upgrade, Lauds Customers’ Support

First Bank of Nigeria Limited (FirstBank) has successfully concluded its upgrade to the Finacle 10 banking application thereby paving the…

Fred Ajudua Sent To Jail

A Lagos High Court sitting in Ikeja  Tuesday ordered that notorious fraudster Fred Ajudua be remanded in Kirikiri Prisons over…

South Africa’s PIC buys $289m stake in Dangote Cement

Dangote Cement Plc, the industrial company owned by Africa’s richest man, Aliko Dangote, has sold a 1.5 percent stake to…

Interswitch breaks business into two

Nigeria’s leading payment card solution platforms, Verve and Interswitch have been split into two separate businesses, with different identities: Verve…

Money Laundering: Ikuforiji, Aide Face 56 Fresh Charges

Nigeria’s anti-graft agency, Economic and Financial Crimes Commission, EFCC, has filed  56-count amended charge of money laundering against the Speaker…

Nigeria Joins G8 New Alliance For Food Security

Nigeria’s Minister for Agriculture and Rural Development, Dr. Akinwumi Adesina, attended G8 Food Security and Nutrition events this weekend in…

EFCC Seizes 44 Assets of Eight Fraud Suspects

Nigeria’s Economic and Financial Crimes Commission (EFCC) has received an interim order from Justice F.A Olubanjo of the Federal High…

Drogba turns business tycoon

Former Chelsea star Didier Drogba is building a new image outside the soccer field: as a business tycoon. He has…

4 chiefs charged with theft of Halliburton largese

The Economic and Financial Crimes Commission, EFCC has charged four persons: Saro Manson, Stepbere Kristen, Hannah Baghabo and Chilsom Uwazie,…
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