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Business

Shell Shuts Pipeline Over Oil Theft

Oil giant Shell said Sunday it had shut down a pipeline in southern Nigeria due to damage from oil thieves,…

Uncertain Respite For Airlines

Doubts trail President Goodluck Jonathan’s budget proposal to waive duty on importation of aircraft parts  The recent announcement by the…
Sanusi Lamido

Yanking Off CBN’s Freedom

The House of Representatives appears set to pass the proposed Amendment Bill on the 2007 Central Bank of Nigeria Act…

Unending Fuel Woes

Nigerians appear to be ending the year the grim way they started it, with nationwide fuel woes. Many see it…

Fleecing Customers

The Central Bank of Nigeria moves to rein in banks which have been fleecing their customers through spurious charges The…

Why We Produce Cassava Bread

Foluso Olaniyan, Managing Director/Chief Executive, UTC Nigeria, leading baker and processor of meat products, explains why the company embraced the…

Showcasing Lagos State’s Agricultural Potentials

Lagos State flaunts its agricultural wealth    Last month, the world celebrated the World Food Day to mark the anniversary…

Oil subsidy scam: More Suspects for trial

Nigeria’s Economic and Financial Crimes Commission, EFCC, has concluded arrangement to arraign seven more suspects in the on going trial…

Wema Bank seeks national licence

Wema Bank Nigeria Plc, the only regional player in Nigeria’s banking sector, has concluded plans to re-apply for national banking…

NBC appoints Kenyan as CEO

Simon Ateba The Nigerian Bottling Company, NBC, has appointed Mr. Ben Langat, a Kenyan with a Bachelor of Commerce Degree…

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…
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