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Pirates free 6 foreigners kidnapped off Nigeria

Six foreigners kidnapped on February 17 by armed pirates from an oil service ship off Nigeria have been released unhurt…

Erastus Akingbola Charged Again

The Economic and Financial Crimes Commission, EFCC, Tuesday re-arraigned the former Managing Director of Intercontinental Bank Plc, Erastus Akingbola, over…

Angola targets 2mbd, to tie Nigeria’s output

Angola’s national oil company Sonangol said Monday it is targeting a 16 percent rise in oil production to hit 2…

Alitalia at edge of bankruptcy, CEO resigns

Italian airline Alitalia’s chief executive Andrea Ragnetti resigned on Monday after the troubled group announced a net loss of 280…

Akingbola re-arrested, to be charged afresh

Ayorinde Oluokun/Abuja The Economic and Financial Crimes Commission, EFCC said on Monday it has re-arrested Erastus Akingbola, the former managing…

Docked Babalakin denied comfort chair as trial stalled

Henry Ojelu/Judiciary Correspondent A Nigerian High Court sitting in Ikeja, has adjourned proceedings till 27 March in the ongoing trial…

Mobile phone subscriptions to hit 4 billion mark

The $1.0-trillion (750-million-euro) global mobile industry predicted Monday a boom in subscribers to four billion people by 2018 as the…

Nigeria shuts used auto spare parts market

The Lagos State Government today shut the popular auto spare parts market, Ladipo Market in Mushin area of Lagos, southwest…

Computer Village: Traders Worry Over Relocation

Computer Village, located in Ikeja, Lagos is arguably the biggest computer and allied products market in the West African sub…

Nigerian Breweries To Reward Distributors

After a fulfilling and rewarding business relationship in 2012, frontline brewing giant, Nigerian Breweries Plc is set to reward its…

Mikano Veers Into Steel Fabrication

As Nigeria makes gains with electricity supply reforms, Mikano, which daily turns out truckloads of high-capacity power generating sets, has…

India scraps Sovereign Wealth Fund

India has dumped the Sovereign Wealth Fund proposal, describing the whole idea as stupid. News reports said the Prime Minister’s…

India tech tycoon donates $2.3 bn to charity

Indian software tycoon Azim Premji said Saturday he has given $2.3 billion to an education charity that he controls, reportedly…

Brazil seeks bigger role in Nigeria’s energy sector

Brazil’s President Dilma Rousseff said Saturday that her government will seek to boost energy ties with Nigeria, Africa’s top oil…

Brazil’s leader arrives Nigeria

Brazil’s President Dilma Rousseff met with Nigeria’s leader Goodluck Jonathan in Abuja on Saturday for talks that were expected to…

N500m Suit: We Don’t Owe Paul Play A Dime — Ultima

Ultima Limited, producer of popular music talent hunt show, Project Fame, has denied the infringement claims levelled against the outfit…

Guinness Wins Sports Brand Award

Guinness, official sponsor of Nigeria’s Super Eagles, has emerged inaugural winner of the Sports Brand of the Month Award. The…

Google launches high-end laptop to upset Apple

Google on Thursday unveiled a touch-screen notebook computer designed for high-end users, throwing down a gauntlet for Apple and its…

Jonathan, Clinton, Fashola launch Eko Atlantic city site

President Goodluck Jonathan on Thursday said that the Atlantic City Initiative in Lagos was another major addition to the nation’s…

Five Suspects Rearraigned Over Fuel Subsidy Fraud

Five suspected fuel subsidy fraudsters were today re-arraigned before Justice Adeniyi Onigbanjo of the Ikeja High Court for defrauding the…

Singer Paul Play Slams N500m Suit On MTN

In what may very well be the first major copyright infringement lawsuit in modern time in Nigeria, pop singer Paul…

32 Illegal Drug Stores Shut In Lagos

Officials of the Lagos State Task Force on Counterfeit, Fake Drugs and Unwholesome Processed Foods have shut 32 illegal drug…

Female banker jailed 9 years for fraud

Justice Adeniyi Onigbanjo of the Lagos High Court sitting in Ikeja has sentenced a former banker, Vera Ogbonna Akanni to…

2 Indians docked for oil theft from pipelines

Nnamdi Felix / Abuja Four persons, including two Indians and their company were on Wednesday arraigned before a federal high…

US tycoon mocks 3-hours- a day French workers

The head of US tyremaker Titan sparked an uproar in France on Wednesday by mocking French workers for putting in…

$50b smuggled out of Russia in 2011

Russia’s central bank said Wednesday that $49 billion had left the country illegally last year in a staggering capital flight…

Britain raises £2.3 billion from 4G mobile auction

Britain’s government has raised £2.3 billion from its 4G mobile auction that will result in five telecoms companies providing the…

2 Nigerian bank staff charged with theft

Nigeria’s Economic and Financial Crimes Commission (EFCC) has arraigned two Afribank (now Mainstreet Bank) staff before Justice Dije Aboki of…

Nigeria’s oil subsidy payments not sustainable

Dr. Bright Okogu , Director-General, Budget Office of the Federation, , said in Abuja on Tuesday that continued payment by…

Nigeria wants world’s help to slow massive oil theft

Nigeria has appealed to foreign governments to help crack down on crude oil theft, the oil minister said Tuesday of…
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