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Business

Spain’s GDP tumbles again

Spain’s economy shrank in the first quarter of 2013, official data showed Tuesday, as a job-destroying recession held its grip…

FCMB declares bonus for shareholders

Nigeria’s First City Monument bank (FCMB) has announced a growth of 54.3 per cent in gross earnings for the financial…

China almost matches US aid to Africa

China committed more than $75 billion to Africa in the past decade, coming close to the level of US money…

Apple loses more ground in Smartphone war

Google’s Android mobile operating system extended its dominance in smartphones in the US and other major markets in early 2013,…

Nigeria: Pirates kidnap Russian, 3 Sri Lankans

Pirates stormed a cargo ship off Nigeria’s oil-producing southern coast, kidnapping five foreign sailors and stealing cash, a watchdog and…
Mike Adenuga of Globacom

Globacom marks Adenuga’s birthday with $500m deal

Seun Bisuga Nigeria’s leading telecommunication outfit, Globacom has signed a $500 million deal with technical partner, ZTE. The deal was…

Blue chips shed weight, market cap falls

Transactions on the Nigerian Stock Exchange (NSE) opened for the week on Monday on a negative note with major equities…

Bees under threat of extinction

Bees play a key role in human food production, pollinating more than two-thirds of the world’s 100 most important crop…

Lagos wants court dismiss anti-bridge toll suit

Government of the Nigerian state of Lagos on Monday asked a Federal High Court to dismiss a suit challenging its…
Mike Adenuga of Globacom

Jonathan, Tinubu praise Adenuga as he clocks 60

Monday is the 60th birthday of Nigeria’s business mogul and chairman of Globacom, Mike Adenuga. On the eve, of the…

Amaechi denies operating jet without permit

Okafor Ofiebor/Port Harcourt The Rivers State government said it has not been formally notified by the Nigerian Civil Aviation Authority…

NCAA formally grounds Governor Amaechi’s plane

The Nigerian Civil Aviation Authority (NCAA) on Saturday formally grounded Gov. Rotimi Amaechi Rivers state government owned Bombardier aircraft. The…

Ethiopia airlines first to resume Dreamliner flights

Ethiopian Airlines on Saturday became the first carrier to resume flying the Boeing 787 Dreamliners that have been grounded worldwide…

Dutchman arrested for biggest cyberattack

A Dutchman has been arrested in Spain in connection with last month’s unprecedented cyberattack that reportedly slowed down the Internet,…

Nigerian among 10 finalists for African innovation prize

A Nigerian scientist has been named among the ten finalists for the $100,000 Innovation Prize for Africa. Justus Nwaoga developed…

Nigeria’s capital city targets N500b investment on land swap

Minister of Nigeria’s Federal Capital Territory, Senator Bala Mohammed said on Friday in Abuja that the territory would attract N500…

SEC Suspends Two Capital Market Operators

Two Nigerian stock broking firms- Vision Trusts and Investment Limited and AIMS Asset Management Limited have been suspended from participating…

EFCC Nabs Banker Over N100m Fraud

The Economic and Financial Crimes Commission, EFCC, has arrested Onyekachi Nwosu, the relationship/account officer of a new generation bank in…

Nigeria approves $9billion jumbo loans for states, FG

The National Economic Council (NEC) on Thursday approved borrowing plans for the Federal and State Governments to enable them access…

Dozens found alive in Bangladesh factory wreckage

Dozens of workers were found alive Thursday as they huddled in the wreckage of a collapsed garment factory bloc in…

Globacom Signs N120b Upgrade Deal With Huawei

Nigeria’s leading telecommunications outfit, Globacom has signed a total system upgrade deal worth N120billion, ($750m). At a press briefing at…

EFCC arrests bank official for serial fraud

Nigeria’s Economic and Financial Crimes Commission has arrested one Onyekachi Nwosu, the relationship/account officer of a bank in Enugu over…

Money Laundering: EFCC Raids Hotel, Real Estate Firm

The Special Control Unit Against Money Laundering, SCUML, of the  Economic and Financial Crimes Commission, EFFC, has arrested officials of…

Britain avoids another recession

Britain avoided falling into a third recession since the 2008 global financial crisis after its economy grew by a better-than-expected…

Garment factory building collapse kills 127

Rescue workers in Savar, Bangladesh hunted for survivors overnight Thursday amid the rubble of a collapsed garment factory building where…

Money Laundering: Ikuforiji’s Case Adjourned Indefinitely

There is no respite yet for the Speaker of the Lagos House of Assembly, Mr. Adeyemi Ikuforiji and his Personal…

Money Laundering: EFCC Raids Dubai estate firm

The Special Control Unit Against Money Laundering, SCUML of Nigeria’s Economic and Financial Crimes Commission on Tuesday arrested officials of…

Australia arrests cyber hacker leader

A self-proclaimed leader of the LulzSec international hacking group has been arrested in Australia, police said on Wednesday, after charging…

Kwankwaso opposes Petroleum Industry Bill

By Femi Adi/Kaduna Kano State governor , Rabiu Musa Kwankwaso told members of the House of Representatives Adhoc Committee on…

Nigerian community reports Shell, Agip to UN, wants $1billion

The Paramount Ruler and elders of Nembe Kingdom in Bayelsa, have petitioned the UN over alleged destructive oil exploration activities…
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