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UK economist backs Nigeria’s oil industry bill

Nigeria should pass a long stalled bill aiming to overhaul its oil industry, renowned economist Paul Collier said Friday, citing…

24 Fuel-Laden Ships To Berth At Lagos Ports

The Nigerian Ports Authority (NPA) on Thursday said that 24 fuel-laden ships were waiting to berth at various oil terminals…

Dubai, China now favorite destination of forex from Nigeria

Dubai in the United Arab Emirates is now the favorite destination of Nigerians, smuggling out forex, either stolen or hard…

Nigeria’s bond market hits N7.2 trillion

Clement Oriloye The value of bond investment at the nation’s capital market has been put at over N7.2tn.This disclosure was…

Edo Budgets N150 Billion For 2013

Governor Adams Oshiomhole of Edo State Monday presented a budget proposal of N150 billion for its service in 2013 fiscal…

Diya Fatimilehin Dragged To Court Over Breach Of Contract

Two allottees of land at Federal Housing Authority(FHA) Diamond Estate, Isheri Olofin, Lagos State, southwest Nigeria, Mrs. Felicia Olatubokun Ogunsulire…

Toyota Camry May Win Mid-Size Sedan Sales War

The view from the top continues to look really, really good: top executives at Toyota Motor Sales says the number-one-selling…

Merc’s New Actros Wins Two Awards

Mercedes Benz  is in the news again; and this time the new Mercedes-Benz Actros has won not one but two…

Nigeria ahead of Greece in credit ratings

Nigeria, Kenya and Zambia, three of Africa’s most dynamic economies, received their first sovereign ratings from the Moody’s agency on…

Currency Counterfeiter Jailed 25 Years

Justice Babatunde O. Quadri of the Federal High Court sitting in Gombe has sentenced to 25 years imprisonment Abdullahi Bello…

Firms Short-change Consumers —CPC

The Consumer Protection Council, CPC, has uncovered irregularities in the packaging of some products in the country. In a recent…

Lagos Trade Fair: Dangote Group Crashes Price Of Products

As part of strategies to expand market share and reach more customers, companies under the Dangote Group at the ongoing…

3 Companies Endorse Nigerian Financial Technology Awards

In a bid to take the financial technology industry to greater height while ensuring the entrenchment of global best practice,…

Ogunsanya Becomes Airtel’s CEO

Bharti Airtel has announced the appointment of Mr. Segun Ogunsanya as the Chief Executive Officer of Airtel Networks Ltd, Nigeria…

Panasonic Unveils New Product Lines

Panaserv Nigeria Limited, authorised service agents for Panasonic consumer electronics products in Nigeria, in conjunction with Panasonic Corporation, Japan unveiled…

Apple’s iPhone loses name battle with Mexico’s iFone

A Mexican telecommunications firm named iFone has declared victory in a trademark battle with Apple’s iPhone, exposing the US company…

Tax hostile states to pay more for phone service

Telecommunications operators and service providers under the aegis of Association of licensed Telecommunication Operators of Nigeria (Alton) have threatened to…

South Korea’s total debt soars to $2.75 tln

South Korea’s total public and private-sector debt soared to $2.75 trillion this summer due to greater spending to stimulate growth…

Samsung sells 30 mln Galaxy S III smartphones

Samsung Electronics said Sunday that global sales of its flagship Galaxy S III smartphone had topped 30 million since its…

In Venezuela, flipping used cars is a thriving industry

CARACAS (AFP) – With the world’s largest oil reserves and the cheapest gas anywhere, you’d think Venezuela is a driver’s…

2 Members Disown Ribadu Oil sector Report

Oluokun Ayorinde/Abuja Bureau Chief Controversies over the report of Mallam Nuhu Ribadu led Petroleum Industry Revenue Task Force continued on…

Dana Air Signs $1m Contract With Canadian Firm

Dana Airlines said on Friday that it has signed a five-year contract with FLYHT Aerospace Solutions Limited for its flagship…

EFCC Arrests 12 Suspected Land Racketeers

A Special Task Force which comprise of Special Control Unit against Money Laundering, SCUML and Counter-Terrorism/General Investigation, CTGI, Units of…

Rebirth Of An Icon

While BMW has M Division, Audi has quattro GmbH’s RS, Mercedes-Benz’s performance division is AMG. Based in Affalterbach near Stuttgart,…

Weststar Builds N4.2bn Abuja Facility

In a bid to ensure effective service delivery of its brands, Weststar Associates Limited, authorised distributor of Mercedes-Benz, Chrysler, Jeep…

Recalls Not Disasters –Toyota Nigeria

There is no need for local car owners to panic because of Toyota’s worldwide vehicle recall, Toyota Nigeria Limited recently…

Native Doctor Docked For Fraud

A native doctor, Taiwo Agbaye, 39, alleged to have defrauded a Lagos trader, Adebayo Azeez, has been arraigned before a…

Bank Manager Faces N30m Fraud Charge

Finbank Plc and one of its senior Manager, Rosemary Usifor alleged to have defrauded a retired Deputy Inspector General of…

AFP: 6 Russians kidnapped off Nigeria freed

Six Russians and an Estonian kidnapped from a ship off Nigeria on October 15 have been released, French oil industry…

Lufthansa, Air France-KLM post better earnings 3Q

Luftnasa, Air France-KLM have all exceeded third-quarter expectations, in the results declared. Lufthansa’s bottom-line net profit soared by 30 percent…
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