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ACN raises the red flag on worsening oil theft

The Action Congress of Nigeria (ACN) has warned that the rising cases of crude oil theft and pipeline vandalism in…

Helicopters bought to battle oil theft, says Rivers govt

Nigeria’s oil rich Rivers-state Government has described as baseless and untrue, allegations that Governor Chibuike Rotimi Amaechi bought armoured helicopters…

Warning: Your vintage wine may be fake!

People who pay hefty sums to buy supposedly choice wines should read this: A New York jury on Friday awarded…

Ecobank manager with husband faces fraud charge

A former Customer Service Manager, Tosin Lawal and her husband, Michael, who allegedly defrauded Ecobank of N179.83 million, were on…

Dangote Group seeks $3.5 bln syndicated loan

Dangote Group, Nigeria’s biggest listed company, has begun talks to raise a debut syndicated loan for $3.5 billion to fund…

Shell Returns To Ogoniland For Clean-Up

Shell on Thursday said it had launched a review of its oil and gas assets in Nigeria’s massively polluted Ogoniland…

Kerosene Scarcity: Marketer Blames NNPC

An independent petroleum marketer has blamed the current kerosene scarcity in the country on the Nigerian National Petroleum Corporation (NNPC)…

NAFDAC Arrests Leader Of Drug Syndicate

The National Agency for Food, Drug Administration and Control (NAFDAC), on Thursday said it has arrested a suspected leader of…

Governor Returns To Rice Farming In 2015

Governor Martin Elechi of Ebonyi State says he will return to rice farming after completing his second term in office…

Personal Computer sales see worst drop ever in Q1

Worldwide sales of personal computers slid 13.9 percent in the first quarter of 2013, research firm IDC said Wednesday, the…

The obscene looting of Nigeria’s wealth, NIMASA style!

How much does a new 200KVA generator cost? Either basic or soundproof, the cost is less than N20million. But an…

SAHCOL Acquires Modern Equipment

A Nigerian ground handling company on Tuesday unveiled newly acquired state-of-the-art equipment suitable in handling wide body aircraft and heavy…

Epic Oil Theft

Activities of big time oil theft syndicates, abetted by powerful political figures, tonnes of cash and military-style weapons, threaten to…

Coach Keshi Receives Glo branded Cars

Super Eagles’ chief coach, Stephen Keshi was full of praises to the Chairman of Globacom, Dr Mike Adenuga Jr, for…

Nigerian Bizman charged with piracy

The National Copyright Commission has charged a Nigerian businessman identified as Emmanuel Udeze, to the Federal High Court sitting in…

Chanchangi airline gets Ethiopian court ultimatum over debt

An Ethiopian Federal High Court sitting in Addis Ababa has given Nigeria’s struggling Chanchangi Airlines (CAL) a one-month ultimatum to…

Access Bank releases first quarter of negatives

Nigeria’s Access Bank plc has published its unaudited first quarter result for this year, with nothing salutary, compared with last…

ECOBANK targets higher profit in 2013

The Group Chief Executive Officer of Ecobank Transnational Incorporated (ETI), Mr Thierry Tanoh, said on Monday that the bank was…

Katangowa Traders Frown Over Relocation

Traders in Katangowa market have expressed dissatisfaction over the proposed move to relocate the market. Speaking with P.M.NEWS BusinessWeek, Chairman,…

Akingbola seeks court’s nod to travel for medical treatment

Henry Ojelu The embattled former Managing Director of Intercontinental Bank Plc, Erastus Akingbola, has filed a motion before an Ikeja…

Banks Delay CVFF Disbursement

As the Nigerian Maritime Administration and Safety Agency (NIMASA) prepares to disburse the long-awaited Cabotage Vessel Financing Fund (CVFF) this…

Firm Invests N15bn In Alternative Fuel Technology

Sagas, a division of Borkir Energy Company Limited, a subsidiary of Dangote Group has invested $100 million (about N15 billion)…
Tafa Balogun

Tafa Balogun After Me, Currency Dealer Cries Out

A bureau de change operator at the Murtala Mohammed International Airport, Lagos, Alhaji Usman Sani has dragged the former Inspector…

Arik Air Cabin Attendants Threaten Strike

Simon Ateba/Aviation correspondent Flight Attendants at Arik Air have warned they may soon go on strike, after Nigeria’s largest airline…

Aero Contractors Sacks HR director

Simon Ateba/Aviation correspondent Workers at Aero Contractors, Nigeria’s second largest airline, erupted in jubilation on Friday, after learning that the…

I Will Not Rest Until… —Grasscutter Farmer

For the Chief Executive Officer, Jovana Farms, Prince Arinze Onebunne, raising grasscutter has become second nature. He said the production…

Facebook unveils phone with Facebook features

Facebook on Thursday in Menlo Park, California, unveiled a software suite which stakes out a “home” on Android smartphones as…

5 oil thieves remanded in Ikoyi Prison

A Federal High Court in Lagos Nigeria on Thursday remanded five suspected oil pipeline vandals at the Ikoyi Prisons in…

MEND faction denies planned attacks over Okah

A faction of the Movement for the Emancipation of Niger Delta, purportedly headed by Henry Okah now in jail in…

Nigeria’s NLG gives Samsung Heavy $900 mn order

South Korea’s Samsung Heavy Industries said Thursday it had won a $900 million order to build four gas container ships…
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