Business

New Gold, Dangote Cement gain, market cap rises

PM NEWS Live

13 years ago

Market capitalization on the Nigerian Stock Exchange (NSE) appreciated the first day of trading after the holidays, as some blue…

JTF Destroys Illegal Products, Arrest Police ASP

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13 years ago

Joint Task Force (JTF), Operation Pulo Shield, Sector 3 of the 13 Brigade Nigerian Army, on Wednesday destroyed 10,000 drums…

Elikia: A smartphone designed in Congo

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13 years ago

A Congolese designed smartphone, but made in China has started selling in Congo at a price of $171. Called Elikia,…

Nigeria’s troubled airline sends workers on leave

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13 years ago

Simon Ateba/Aviation correspondent Only weeks after receiving a new Air Operators’ Certificate, AOC, the management of Dana Air has sent…

Long fuel queues in Lagos, Abuja

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13 years ago

Nigeria’s persistent fuel scarcity has marred Christmas festivities in Abuja and Lagos. Many filling stations in Abuja had no fuel…

China launches world’s longest bullet train service

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13 years ago

China launched service Wednesday on the world’s longest high-speed rail route, the latest milestone in the country’s rapid and —…

Dark Christmas in Ibadan

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13 years ago

It was a dark Christmas for residents of Nigeria’s city of Ibadan, as there was electricity outage in many areas.…

NNPC earmarks N152b for refinery repairs

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13 years ago

Repair works on Nigeria’s three refineries in Port Harcourt and Warri would gulp N152billion in 2013. The Punch reports that…

4 sailors captured in Nigerian waters

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13 years ago

A few days after Nigerian kidnappers freed 5 workers of the Hyundai Heavy Industries in Bayelsa state, pirates have attacked…

Nigeria’s power output reaches new peak

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13 years ago

The Transmission Company of Nigeria (TCN) said that electricity generation in the country had reached 4,500 megawatts. A statement signed…

Suicide bombing: MTN Shuts Kano, Kaduna Offices

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13 years ago

Telecom network, MTN Nigeria has announced it is shutting its offices in Kano and Kaduna, hours after suspected Boko Haram…

Nigeria needs $3.2billion to pay PHCN workers

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13 years ago

Nigeria’s Federal government needs about N500 billion, more than $3billion to pay the full entitlements of electricity workers, to be…

Fresh oil spill reported in Akwa Ibom

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13 years ago

The Ibeno people, in Nigeria’s Akwa Ibom state and hosts to Mobil Producing Nigeria (MPN) have reported a fresh oil…

Nigeria’s mobile money operators get CBN ultimatum

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13 years ago

The Central Bank of Nigeria (CBN) has directed the 16 Mobile Money Operators (MMOs) in the country to fully connect…

Nigeria: Babalakin’s bid to stop EFCC fails again

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13 years ago

A Federal High Court in Lagos on Friday dismissed the application filed by Dr. Wale Babalakin, lawyer and Chairman of…

Government, NTDC tango over Lagos hotels

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13 years ago

A statement credited to the head of service in Lagos state, Segun Ogunlewe and Aduke Gomez, a special assistant to…

Nigeria launches Lagos-Kano train service

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13 years ago

The Federal Government on Friday in Lagos inaugurated the Nigeria Railway Corporation’s Lagos-Kano intercity passenger train services and haulage of…

Cement Palaver: Dangote, Ibeto At War

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13 years ago

A silent war is currently brewing between cement manufacturing giant, Dangote Group and Ibeto Cement Company, the sole importer of…

419: Nigerian Woman sued for fleecing man

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13 years ago

A woman, Ruth Samuel, of Mararaba in Nasarawa State on Thursday appeared before a Karu Upper Area Court in the…

David West Relaunches ‘Sweet Savor’

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13 years ago

Sweet Savor, an upscale eatery in Isolo, Lagos is redefining the fast food sector with the re-launch of its culinary…

Report: Oando buys Conoco-Phillips Nigerian assets

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13 years ago

ConocoPhillips will sell its Nigerian onshore and offshore operations in Nigeria to Oando Energy Resources for about $1.79 billion, the…

Anenih, Senator Mustapha make new NPA board

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13 years ago

Chief Tony Anenih, Senator Lekan Mustapha and Senator Florence Ita Giwa have been appointed by President Goodluck Jonathan into the…

Nigerian Reps, Aviation agency at war over Dana Air

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13 years ago

Simon Ateba/Aviation correspondent The animosity between the Nigerian Civil Aviation Authority, NCAA, and members of the House of Representatives Committee…

Lagos bizman denies stealing Coscharis money

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13 years ago

A Lagos-based businessman, Alex Ikpeme, on Thursday denied an allegation that he fraudulently converted N61.5 million belonging to Cochedes Agro…

2 Lebanese bizmen convicted for forex smuggling

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13 years ago

Two Lebanese businessmen in Nigeria, Hassan Rmaiti and Talal Hammoud who were arrested at the Murtala Mohammed International Airport, Lagos…

Nigerian Senate passes N4.99tr. budget

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13 years ago

The Nigerian Senate on Thursday passed the 2013 Appropriation bill of N4.99 trillion into law. This followed the earlier passage…

Fire outbreak throws MMI Airport into chaos

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13 years ago

Simon Ateba/Aviation correspondent The Murtala Muhammed International Airport in Lagos, southwest Nigeria, was thrown into confusion Thursday when a thick…

Subsidy Scam: Firm Boss Gets N85m Bail

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13 years ago

A Lagos High Court on Wednesday granted bail in the sum of N85 million to the Managing Director of Nadabo…

Crisis Over Babasola Rhodes Estate

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13 years ago

Novojo Farms and Fisheries Company Limited, an estate left behind by the late Senior Advocate of Nigeria, Chief Babasola Rhodes,…

Bank Managers Face Criminal Trial

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13 years ago

An Asaba high court in Delta State, southsouth Nigeria, has adjourned till next year for continuation, the trial of three…

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