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Business

Shell Sells Oil Block For $102m

Shell said Monday it has completed the sale of its share of an onshore oil block in southern Nigeria to…
Sanusi Lamido

Controversy Over The Big Note

The move to restructure Nigeria currency with the introduction of a N5000 bill elicits mixed reactions  Even with his penchant…

Lottery can earn N360billion for Nigeria

Nigeria has the potential to earn at least N360 billion from lottery per annum, Director -General of the National Lottery…

Lottery body stops unsolicited lottery SMS

The Nigerian Lottery Regulatory Commission (NLRC) has directed the stoppage of unsolicited lottery text messages on cell phones, its Director-General,…

Villagers in Katsina count losses as diseases kill animals

Farmers in Majen Gobir village, Rimi Local council area of Nigeria’s Katsina state are counting their losses as an outbreak…

Jonathan to launch YOUWIN! 2 for ladies

President Goodluck Jonathan will on Monday, launch the second edition of the Youth Enterprise with Innovation (YOUWIN!), a Federal Ministry…

NBA slams CBN over N5,000 currency

Nnamdi Felix / Abuja The Nigerian Bar Association, NBA, on Friday slammed the Central Bank of Nigeria, CBN, over the…

Chelsea’s Abramovich scores a goal in court

Russian billionaire Roman Abramovich, the owner of Chelsea football club, won his bitter legal battle with fellow oligarch Boris Berezovsky…

Fuel Scarcity Looms In Benin

Petroleum products consumers in Benin City could be in for another round of fuel scarcity as the Nigerian National Petroleum…

Nigeria, China Parley On Research

Nigeria and China have flagged-off a 10-day joint marine research cruise to further strengthen their bilateral relations for the development…

Maritime Stakeholders Plan Legal Action Over Charges

Port users have bemoaned the current shipping charges at the gateways, vowing to seek legal redress against port concessionaires and…

UK Firm To Build N500m Bulb Factory In Nigeria

A United Kingdom-based company, Dyode Limited, has said that it plans to  build a N500million factory in Nigeria for the…

Cyberspace Shopping Site, Egole Partners With 15 Offshore Firms

Nigeria’s premiere cyberspace shopping site, Egole, owned by Courteville Business Solutions Plc, says it has entered into partnership with 15…

Cherie Blair Foundation, MTN, Nokia Empower Nigerian Businesswomen

The Cherie Blair Foundation for Women (CBFW), in partnership with Nokia West Africa and MTN, has strengthened the capacity of…

APM Terminals Ends Congestion At Apapa Port

The Managing Director of APM Terminals Limited, Apapa,  Mr. Dallas Hampton, has said that in spite of record container volumes…

Togo pirates free tanker after theft of 3.8m litres of oil

Pirates in Togo have released a tanker with 24 Russian crew on board after siphoning off 3,000 tonnes, about 3.8million…

Bizman Wins N12m Glo Promo

It was jubilation time at Globacom’s corporate headquarters in Lagos yesterday as a businessman who trades in electrical wires and…

Inventors Should Be Assisted By Government

Durojaiye Kehinde Obasanjo, a native of Ijaye in Abeokuta, Ogun State, an entrepreneur and inventor spoke with PMNEWS on his…

Expect Big Change For Corolla

The next generation of Toyota’s high-volume compact sedan, due next year, will undergo a bigger metamorphosis than it did at…

NAC Boss Bags Pillar of Automobile Industry Award

The Director General of the National Automotive Council (NAC) of Nigeria, Engr. Aminu Jalal, recently became the recipient of the…

Chevrolet Spin Set To Impress

Chevrolet’s new global multi-purpose vehicle, the all-new Spin, made its debut in Brazil last week. Designed and developed at General…

Skoda AUTO Scores High In July

SKODA  AUTO continued to grow in July 2012. Despite an increasingly challenging economic environment, the brand increased its deliveries to…

Amaechi calls for German investment in Nigeria

Governor Rotimi Amaechi of Rivers State has called on German investors to take advantage of the vast area of land…

Nigeria’s forex reserves higher

The Central Bank of Nigeria (CBN) said on Wednesday that the nation’s external reserves hit $38.4 billion (N59.3 trillion) on…

Lagos-Ibadan double rail tracks almost ready

Work has reached an advance stage in the building of the standard guage double rail tracks linking Lagos, Nigeria’s commercial…

US sets new fuel standards for cars

The Obama administration issued national fuel economy rules Tuesday that require the new cars and trucks in 2025 to average…

Smartphones lead world handset sales

Smartphones are set to make up a majority of the global handset market next year, fueled by surging demand from…

Nigeria’s Power Minister, Nnaji resigns

Ayorinde Oluokun/Abuja Bureau Chief Professor Bart Nnaji, Nigeria’s minister of power has resigned. His resignation was made known in a…

Nigeria’s market records more gains

Twenty seven equities on the Nigerian Stock Exchange extended gains today with the banking stocks leading the way. Out of…

Arik Air Begins Nigeria-Cameroon Flights

Arik Air has announced that it will begin scheduled commercial flights between Lagos, southwest Nigeria, and Cameroon’s most populous city…
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