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Business

Capital Market Forbearance Package Out Soon

The president, Association of Stockbroking Houses of Nigeria (ASHON), Mr Emeka Madubuike, on Sunday said that the Federal Government’s forbearance…

Anger Over Loan Burden

The National Assembly raises the red flag over excessive borrowing by states and the federal government With an accumulated debt…

Arik Air begins flights to Kinshasa

Simon Ateba/Aviation correspondent Arik Air, Nigeria’s largest commercial carrier announced on Saturday that it is expanding its regional African network…

Aero MD sacked?

Simon Ateba/Aviation correspondent There were conflicting reports on Friday night with sources claiming that the Managing Director of Aero Contractors,…

Gunmen Abduct businessman In Benin

JETHRO IBILEKE/Benin Barely 48 hours after a renowned Benin-based Estate Manager, Dan Odiete was kidnapped in Benin City, another gang…

GTB Asset becomes Investment One

GTB Asset Management Ltd, hitherto owned by GTB has been rechristened Investment One Financial Services Limited. Its managing director,Mr Nicholas…

Capital Oil moves against AMCON’s takeover

Nnamdi Felix / Abuja Buoyed by a variation order it secured at a Federal High Court sitting in Abuja which…

Dangerous and lucrative—The gold rush in Nigeria’s Zamfara

BAGEGA,Zamfara state, Nigeria — Neighboring a hillside laced with gold, parents in this remote village live with an impossible choice:…

LIRS Closes 8 Companies Over N28.3m Tax Evasion

The Lagos State Internal Revenue Service (LIRS) has sealed eight companies for failing to remit taxes amounting to N28. 3…

Shell resumes oil export at Nigerian terminals

Anglo-Dutch oil group Shell said Friday it had resumed shipments of crude from its Nigerian export terminals Bonny and Forcados…

ABC Flags-Off 2012 Year End Safety Campaign

Authorities of the Federal Roads Safety Corps and Vehicle Inspectorate Office in Nigeria have thrown their weight behind the annual…

Utility TrucK With A Difference

The new SsangYong Actyon Sports Pick-up is a utility truck with a difference. Uniquely designed to outmaneuver competitions, Actyon Sports…

Stallion Launches Sokoto Service Support Centre

Stallion Motors Nigeria, multiple automobile franchisees has inaugurated an ultramodern 3S (Sales, Service and Spare Parts) facility in Sokoto, Sokoto…

Ford Ranger Wins Award

The new Ford Ranger has won the International Pick-Up Award 2013 as decided by a pan-European judging committee. In coming…

PAN Donates Ambulance To FRSC

In fulfillment of its corporate social responsibility, PAN Nigeria Limited has donated a brand new ambulance to the Federal Road…
Sanusi Lamido

Sanusi Faults Revocation of Lagos-Ibadan road Concession

Mallam Sanusi Lamido Sanusi, governor of the Central Bank of Nigeria,CBN,has faulted the recent revocation of the concessioning contract of…

Nigeria sacks privatization agency boss

Ayorinde Oluokun/Abuja Bureau chief After surviving many calls for her sack, the Director General of the Bureau for Public Enterprises…

Nigeria: Oil workers picket Shell, Chevron offices

Oil workers picketed the offices of Shell and Chevron in Nigeria on Tuesday over plans to cut jobs and amid…

Questions Over Lagos-Ibadan Road Contract

On 19 November, the Federal Government terminated the concession contract for the Lagos-Ibadan Expressway granted to Bi-Courtney Consortium, in a…

Banks To Scrap N100 Charge On Use Of ATMs —ACAMB

The Association of Corporate Affairs Managers of Banks (ACAMB) has said that banks were not relenting in the bid to…

SON Raises Alarm Over Substandard Cylinders

The Standards Organisation of Nigeria (SON) has read the riot act to importers and manufacturers of Liquefied Petroleum Gas (LPG)…

MTN Launches Mobile TV On Data-Enabled Phones

Customers of MTN will soon be able to watch live TV on their data-enabled handsets, as the company rolls out…

Etisalat Seeks Exemption From Ban On Promos, Lotteries

Etisalat Nigeria says it ought to be exempted from the blanket ban on promos and lotteries run by telecom operators…

NBC Unveils ‘EKO 2012’ Branded Coca-Cola Bottles

Nigerian Bottling Company Limited (NBC), bottlers of products of The Coca-Cola Company in Nigeria, has reaffirmed its commitment to the …

Marriott Hotel Berths In Lagos

Quantum Capital, chaired by the former Managing Director of Zenith Bank Plc, Mr. Jim Ovia, has concluded arrangements to bring…

FG, Embraer discuss re-fleeting Nigeria’s domestic airlines

Simon Ateba/Aviation correspondent Nigeria’s Federal government said on Monday it has begun talks with Embraer, world’s major aircraft manufacturer based…

Union protests sack of 4,000 workers at Chevron

Oluremilekun Osobu-Asubiojo Chevron Nigeria Limited, CNL,has sacked about 4,000 workers without pension and gratuity. The President of National Union of…

Subsidy Fraud: Charge against Ahmadu Ali’s son amended

Henry Ojelu& Olamide Abdul The Economic and Financial Crimes Commission (EFCC) today re-arraigned Mamman Ali, son of former Peoples Democratic…

US, EU crackdown on counterfeit websites

US and European authorities said Monday they seized 132 websites in a transatlantic law enforcement crackdown on online sellers of…

Microfinance Money Market Operation Begins 2013

The National Association of Microfinance Banks (NAMB) says that the proposed Microfinance Money Market Operation (MMMO) will become operational by…
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