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France makes billion euro tax claim against Google

PARIS, Oct 30, 2012 (AFP) – French tax authorities have made a billion-euro ($1.3 billion) claim against Google to pressure…

First Bank, Total, Lafarge Wapco, UACN post bigger profits in Q3

First bank Plc, Lafarge Wapco, Stanbic-IBTC, Total and the conglomerate UACN have all posted higher profits in their third quarter…

EFCC Arraigns Five Over Illegal Storage Of Diesel

The Economic and Financial Crimes Commission, EFCC, on Tuesday, October 30, 2012 arraigned five suspects before a Federal High Court…

Arik Air pleads with CBN over bank loans

Simon Ateba/Aviation correspondent Nigeria’s biggest airline, Arik Air, on Tuesday, begged the Central Bank of Nigeria, CBN, to allow banks…

Cocoa Farmers Get Free Seeds To Boost Output

In a bid to bring cocoa back to reckoning as an agricultural commodity of note, and to help farmers improve…

IT Security Group Rates Nigerian Online Businesses ‘Unsafe’

A global IT security, risk management and financial technology company, Wini Group, has rated most online businesses in Nigeria as…

Firm To Pay Consumers For Advert Review

Nigerians who spend hours online may be in for quick cash as a local ICT firm, Hexanet Solutions, has launched…

Flood Disrupts MTN’s Network Modernisation

The effort by MTN Nigeria to modernise it network has suffered a setback due to the ravaging flood in some…

Court Adjourns Ahmadu Ali son’s Trial

Henry Ojelu Justice Adeniyi Onigbanjo of the Ikeja High court today further adjourned the trial of son of former PDP…

Successful bidders for Nigeria’s power firms unveiled

Another milestone was recorded in the ongoing privatisation in Nigeria’s power on Monday with the announcement of the preferred and…

Corrupt oil sector: Jonathan asks for Ribadu report

Ayorinde Oluokun /Abuja President Goodluck Jonathan has directed that a comprehensive report of the Petroleum Revenue Special Task Force chaired…

Fashola inspects burnt Euro-Asia Plaza

Lagos State Governor, Mr. Babatunde Fashola (SAN), has visited Euro-Asia Plaza, the scene of Saturday’s fire disaster, in Central Lagos…

Fire Guts Euro- Asia Plaza In Lagos

Fire has gutted the multi-storey Euro-Asia Plaza in the popular Balogun Market on Lagos Island, southwest Nigeria. The cause of…

Leaked Ribadu report exposes rot in Nigeria’s oil sector

A total of $183m in signature bonuses paid by oil companies to the federation is missing, according to a confidential…

Britain steps out of recession

Britain has exited its longest double-dip recession since the 1950s after its economy returned to growth in the third quarter…

Facebook posts loss despite rise in ad revenues

The world’s most popular online social network, Facebook, has posted a loss of $59m despite recording revenues rise of 32…

Dele Cole: Stolen Nigeria’s oil goes to Singapore, balkans

The main buyers of the estimated 180,000 barrels of oil stolen each day in Nigeria are based in the Balkans…

MTN Introduces Software For Microfinance Banks

As part of  efforts to improve microfinance banking in Nigeria, MTN has introduced an innovative micro-bank software called  MTN XaaS,…

Nokia Partners Airtel On New Smartphones

Leading phone manufacturer, Nokia, in partnership with Airtel Nigeria, has embarked on a special consumer promotion for the new Nokia…

Safeguard Launches ‘Doctors On Wheels’

As part of activities to commemorate the 2012 Global Hand Washing Day (GHWD), Safeguard anti-bacterial soap has launched the Safeguard…

LASG To Harvest Farm Produce From 10,000 Hectares Of Land

The Lagos State Government is to harvest farm produce from 10,000 hectares of land it acquired in other states before…

Crude oil prices falling

Crude oil prices eased on Tuesday, extending a recent move downward as a weak demand outlook amid poor US company…

Shell declares force majeure on Nigeria’s exports

Anglo-Dutch oil group Shell said Tuesday it may not meet contractual obligations on certain exports from Nigeria because of theft…

Shoprite To Open New Outlet

Shoprite, a South African multipurpose retail store group, has concluded plans to unveil a new outlet in Ilorin, the Kwara…

EFCC arrests 5 over money laundering violations

The Managing Director of Zenith Properties Limited, Maitama Abuja, Mr. Ifobiya Oloruntoba Seyi and the Credit Controller of Exclusive Stores,…

Lagos new airport terminal costs N648m

Simon Ateba/Aviation correspondent The remodelling of the General Aviation Terminal (GAT) in Lagos, southwest Nigeria, cost Nigeria’s Federal Government N648…

Globe and Mail starts charging for online news

Canada’s national daily, The Globe and Mail, on Monday began charging readers a Can$20 monthly subscription to access news on…

Nicon Insurance, 43 others sue FIRS

NICON Insurance Company Plc and 43 others on Monday in Abuja, dragged the Federal Inland Revenue Service (FIRS) to the…

Soldiers arrest vessels with N11billion illegal diesel

The Joint Task Force (JTF) operating in the Niger Delta said on Monday that it arrested two suspected vessels, with…

Jeers For President Jonathan’s Budget

President Goodluck Jonathan’s 2013 budget proposal attracts knocks and commendations Wrangling between the executive and the legislature over the appropriate…
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