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Moody hits Spanish banks with credit downgrades

Moody’s hit 28 Spanish banks with new credit downgrades Monday, as Madrid formally requested a rescue loan of up to…

Kenya seizes Nigeria bound ‘peppered- ivory’

Kenya seizes 600 kg of Nigeria-bound ivory Kenyan security dogs at Nairobi airport Friday outsmarted traffickers and sniffed through a…

NNPC, SPDC Partner On NPDC Growth Target

As part of efforts to meet the Nigerian Petroleum Development Company, NPDC, 250,000 bpd target by 2015, the management of…

Ecobank Hits N32.3b Profit

Ecobank Group  has reported a N32.27 billion ($207 million) profit for its 2011 financial year, representing a 57 per cent…

Campari Rewards Consumers, Traders

Consumers and sellers of Campari were recently rewarded with prizes by the management of Brian Munro Ltd, sole marketers of…

Airtel Reinforces Choice With 2GoodTime

Two years after it changed the game in the telecoms market in favour of subscribers, Airtel Nigeria last week again…

Moody downgrades 15 top banks over losses

The health of 15 of the world’s largest financial institutions has been called into serious question after Moody’s downgraded their…

Vendors of pre-registered SIM cards arrested

No fewer than 12 vendors have been  arrested by the enforcement team  of the Nigerian Communication Commission (NCC)  for selling…

Air Nigeria suspended over financial distress

Simon Ateba Air Nigeria, the airline belonging to business mogul, Barrister Jimoh Ibrahim, has been suspended by the Nigerian Civil…

Brazil President To Lead Trade Mission To Nigeria

President Dilma Rousseff of Brazil has accepted an invitation from President Goodluck Jonathan to visit Nigeria before the end of…

Consumers Owe PHCN N900m In Umuahia

Mr. Jude Umeh, the Business Manager of PHCN in Umuahia, has said that electricity consumers in the area are owing…

Kia Sorento Gets Makeover

Kia’s large Sorento SUV has been given a facelift and will go on sale later this year. According to Kia,…

New Avanza Rattles Rivals

Isn’t it a surprise that the Avanza takes a big leap? Big on space, big on style, big on fun,…

Nissan Qashgai Guns For Sportage, Audi Q3

After the runaway success of the current car, it’s time for the Nissan Qashqai’s ‘difficult’ second album. In 2007, the…

Skoda Rapid Debuts In Paris

Skoda’s production version of its MissionL concept, the Rapid, is set to make its debut in Paris in September, and…

Brazilian president to lead trade delegation to Nigeria

President Dilma Rousseff of Brazil has accepted an invitation from President Goodluck Jonathan to visit Nigeria before the end of…

E/Guinea produces 520,000 barrels of oil daily

Equatorial Guinea’s Prime Minister Vicente Ehate Tomi said Wednesday that his country produced 520,000 barrels of oil a day, in…

Youth Kick Against Increase In Power Tariff

The National Youth League (NYL), a coalition of youth organisations and social movements, working to realise participatory democracy in Nigeria,…

Italian in Nigerian custody commits suicide

Ayorinde Oluokun/abuja Nigeria’s Economic and Financial Crimes Commission, EFCC on Tuesday said a 52 year-old Italian, Mr. Mauro Zanin, a…

Shareholders Battle Dangote

The Independent Shareholders Association of Nigeria, ISAN, has resolved to resist the resumption of Alhaji Aliko Dangote as President of…

GoTv Launched In Lagos

Details Nigeria has launched the newest and most innovative pay television service on the latest Digital Video Broadcast (DVB-T2) technology,…

Shoprite To Open Shop In Abuja

Africa’s leading supermarket, Shoprite, has concluded plans to open an ultra-modern 3,853 square metre store within the newly built Grand…

SON Tasks Nigerian Firms On ISO Certificate

The Standard Organisation of Nigeria, SON, has challenged Nigerian companies to obtain the International Standard Organisation, ISO, certificate for their…

Sony Unveils 20mp Waterproof Camera

Apart from mirrorless cameras like the Nikon 1 V1, there have been few bright spots in the camera and camcorder…

StarTimes Assures Subscribers Of Affordable Service

The management of NTA Star TV Network,  owners of StarTimes, has assured  its subscribers of its commitment to providing quality…

Nigerian army seizes stolen $9million crude oil

Nigeria has in the last five months seized 17.5 million litres of oil worth around $9 million (7.2 million euros)…

Air Nigeria’s office stormed over tax evasion

Simon Ateba Officials of the Federal Inland Revenue Service, FIRS, accompanied by mobile policemen, today, stormed Air Nigeria’s office in…

Shonekan Calls For Privatisation Of Seaports

Former Head of State, Chief Ernest Shonekan has called onthe Federal Government to consider the possibility of outright privatisation of…

FG, Private Sector To Expand Koko Port

Koko Port, one of the nation’s ports that was concessioned under the government ports reform programme in 2006, is to…

Congestion Looms At Apapa Port

Congestion is said to be looming at Apapa Port as a result of the new directive by the Presidential Committee…
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