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Business

Receiver Manager Takes Over Frezone Plant Fabrication Company

A Federal High Court sitting in Lagos, while granting leave to a Lagos-based lawyer, Barrister Akin Adesomoju, appointed by Intercontinental…

NAFDAC Shuts ‘Pure Water’ Factory

In a move to improve on previous efforts aimed at ensuring proper hygiene in the production of packaged drinking water…

Consumers Decry Inadequate Information On Sim Card Registration

Consumers have decried the inadequate information on the ongoing Sim card registration across the country. Some consumers who spoke with…

Uba, Capital Oil Boss Faces Trial Over N4b Dud Cheque

A four count criminal charge of obtaining by false pretence and issuing of dud cheque has been filed against a…

Glo 1 To Offer Most Guaranteed Customer Solutions

Globacom says its new Glo 1 submarine cable will offer customers the most guaranteed solutions to their business needs. The…

Sharp Practices Abound In Auto Insurance Firms – Odiboh

Managing Consultant, Newsletters Limited, Dr. Oscar Odiboh, a player in the auto industry, has called on relevant government agencies to…

Marine Coy Dragged To Court Over Unpaid Loan

A limited liability company, Marine Deepwater Limited, has run into troubled waters as Guaranty Trust Bank through its solicitor Mr.…

Nigeria’s Bank PHB Posts Big Loss, First Bank Profit Jumps

LAGOS: Nigeria’s Bank PHB has reported a full year 2009 pre-tax loss of 488 billion naira ($3.25 billion) compared to…

Lagos Cooperative Societies Hit N500b Capital Base

The capital base of cooperative societies in Lagos State has hit N500 billion, said the Commissioner for Agriculture and Cooperatives,…

China To Build $8b Refinery In Nigeria

It will be the first of three refineries under a deal signed in May between Nigeria’s state oil company, NNPC,…

NIMASA DG Assures Of Quality Service

The Director-General and Chief Executive Officer of the Nigerian Maritime Administration and Safety Agency (NIMASA), Temisan Omatseye, has assured stakeholders…

Glo Wins Licence In Gambia, 6th In Africa

Africa’s telecommunication giant, Globacom, has received yet another boost in pursuit of its vision to be the biggest and best…

Aero Begins Web Mobile Ticketing

Aero Contractors airline this morning at the Murtala Muhammed Airport, Lagos, Nigeria, introduced the first web and sms ticketing service…

ICAN Conference To Buoy Up Nigeria’s Economy

The 2010 Eastern Districts Conference of the Institute of Chartered Accountants of Nigeria, ICAN, will be focusing on the banking…

Blame PENCOM For Workers’ Woes—IBTC

Stanbic IBTC Pension Managers, a Pension Fund Administrator (PFA), has blamed the National Pensions Commission (PENCOM) for the non-remittance of…

Glo 1 Set To Launch

The much anticipated Glo 1 submarine optic fibre cable single-handedly built by Africa’s telecoms giant, Globacom, is now ready for…

Court Order May Ground Hitv

Come 15 July this year, the operations and activities of Hitv may be grounded as Musical Copy Right Society of…

Bank Dragged To Court Over Excessive Charges

A Lagos businessman, Mr. Peter Awurumibe and his company, Pabe Oil and Gas Limited, have slammed a N481,455,817.70 suit on…

Dangote Sugar Nets N13.186b Profit, Offers N1.00 Dividend

The board of Dangote Sugar Refinery Plc, last week, presented its audited result for the year ended December 31, 2009,…

Dangote Sugar Nets N13.186b Profit, Offers N1.00 Dividend

The board of Dangote Sugar Refinery Plc, last week, presented its audited result for the year ended December 31, 2009,…

We’ve Reduced Bad Loans By N21b —Wema Bank

Wema Bank says it has reduced its bad loans by N21 billion. Tunde Olofintila, the bank’s Head, Corporate Communications, made…

Glo To Give Out 30 Cars, 90 Okadas In 30 Days

Nigeria’s  national carrier, Globacom has rolled out a new subscriber-reward scheme aimed at doling out prizes worth over N70 million…

Port Operator Highlights Obstacles To Port Operations

A maritime operator and public commentator, Prince (Dr.) Olusegun Ologbese, has identified obstacles to effective port operations in the country.…

Petroleum Dealer Engages Business Partner In Legal Battle

A Lagos businessman, Alhaji Safiriyu Adebanjo Kazeem, whose petroleum business has been in a state of coma due to the…

Automobile Company Slams N299m Suit On Nigeria Customs

An automobile company, Conquest Authentic Motors Nigeria Limited has slammed N299 million on Nigeria Customs Service and the Comptroller General…
Court orders final forfeiture of $16,500 and N127m fraudulently diverted from the Nigerian Maritime Administration and Safety Agency, NIMASA.

We Have Nothing To Hide —NIMASA

The Nigerian Maritime Administration and Safety Agency (NIMASA) has attempted to douse the growing concern among agitated ship owners over…

Sanusi Offers 5 Banks For Sale; Bank PHB, Union, Oceanic Listed

Nigerian Central Bank Governor Lamido Sanusi said he expects three international lenders, a number of private equity houses and local…

Glo Crashes Prepaid BlackBerry Tariff

Globacom has reaffirmed its leadership in the Blackberry market with the introduction of BlackBerry U, a new package that offers…

Why Govt Must Invest In Shipping

Mr. Isaac Morakinyo Jolapamo, the Chairman, ndigenious Ship Owners Association  of Nigeria (ISAN)  and also Morlap Group Of Companies, in…

Loan Palaver: Oil Company Battles Bank PHB

An oil company, Fymak Marine Oil Services Nigeria Limited, which was advertised to be wound up as a result of…