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Group lauds FG’s industrial cities plan

The Nigerian Association of Small Scale Industrialists (NASSI), Bauchi State Chapter, has said the Federal Government’s plan to establish industrial…

Nigeria’s consumer market worth $400bn yearly – US Institute

Nigeria’s consumer market is worth more than 400 billion US dollars, the McKinsey Global Institute (MGI) announced in its report…

S.Africa economy shrinks for first time since ‘Great Recession’

South Africa’s economy shrank in the first quarter of the year, in the worst performance recorded since the global recession…

Samsung boss regains consciousness after 2 weeks

Samsung Electronics Chairman Lee Kun-hee has regained consciousness after over two weeks following an emergency surgery after a heart attack,…

Accor buys 97 hotels for 900 mn euros

Hotel group Accor on Tuesday announced the purchase of 97 hotels in Europe through its HotelInvest business for a total…

Nigeria: Up up goes electricity tariff

The Nigerian Electricity Regulatory Commission (NERC) on Monday announced an increase in electricity tariff by between N1 and N5. NERC…

Nigeria needs $30bn for gas production – Senate

The Chairman, Senate Committee on Gas Resources, Senator Nkechi Nwaogu says 30 billion dollars is required for the development of…

World Cup: 4 Arik Air customers get all-expense-paid trip

Arik Airline on Monday said it had rewarded four loyal customers with an all-expense-paid trip to Brazil following the conclusion…

30 Nigerian CEOs pledge N56bn CSR intervention

Thirty Chief Executive Officers (CEOs) of Nigerian companies have pledged their commitment to boost government’s effort in expanding the economy…

France to assist Oyo State in micro-finance enterprises

France has pledged its readiness to assist Oyo State in the provision of credit to small scale enterprises through the…

Total to stop gas flaring in Nigeria

Total, a French oil and gas company, has expressed its determination to be the first multinational oil and gas company…

Dangote Sugar targets 2mn tonnes annually

The Dangote Sugar Refinery says its target is to produce about 2 million tonnes of sugar per annum from locally…

French firm to train Nigerian engineers

A French renewable energy company, Vergnet, has announced its plan to train six Nigerian engineers on wind farm technology, to…

FG plans massive improvement in national grid

Benjamin Dikki, Director-General, Bureau of Public Enterprises (BPE), said Nigeria was planning massive improvement in the national grid system. The…

NSE capitalisation rises by N92bn

Transactions on the Nigerian Stock Exchange (NSE) on Friday maintained the bullish trend with the market capitalisation appreciating further by…

DPR uncovers illegal oil factory, arrests 3 workers

The Department of Petroleum Resources (DPR) on Friday uncovered and sealed an illegal engine oil manufacturing factory in Usubu village,…

GTBank wins second African bank of the year

Guaranty Trust Bank (GTBank) Plc has won the “2014 African Bank of the Year”, award by African Banker Magazine. NAN…

Kwara Govt adopt PPP to boost agro-business

The Kwara Government said on Friday that it would adopt public private partnership (PPP) strategy to boost agriculture in the…

Jonathan Signs 2014 Budget

Oluokun Ayorinde/Abuja President Goodluck Jonathan this morning signed the 2014 Appropriation Act into law. Following this, the president directed Dr.…

‘My Dream Is To Put Grasscutter In Every Home’

For the Chief Executive Officer, Jovana Farms, Prince Arinze Onebunne, raising grasscutter has become second nature. He said the production…

Nike ready to bid highest for Man United deal

Sports clothing group Nike is prepared to spend $600 million over about 10 years to keep alive its contract to…

Toyota recalls 520,000 vehicles globally

Toyota on Friday said it is recalling about 520,000 vehicles, mostly in North America, over several issues including cable corrosion…

Skye Bank Bids For New Bank

Skye Bank Plc has indicated interest in acquiring a new generation bank, Timothy Oguntayo, the Group Managing Director of the…

Oil prices rise on surprise slump in US crude stocks

World oil prices rallied on Wednesday following news of tumbling crude reserves in top consumer the United States. The US…

In Pictures: Ogun Investors’ Forum 2014

The second edition of the Ogun State Investors’ Forum themed Agriculture and Urban Development: Ogun State…The new Frontier”.

FG stops 1% deduction from Federation Account

Kazeem Ugbodaga The Federal Government has stopped the one per cent illegal deduction from State’s share in the Federation Account.…

N5bn Fraud: Court Grants Ex-Chevron Accountant N5m Bail

Henry Ojelu A Lagos High Court sitting in Ikeja Wednesday granted former Chevron accountant, Michael Adenuga, bail in the sum…

N31bn Lost Annually To Energy Wastage In Lagos

Kazeem Ugbodaga The Lagos State Government says an estimated N31 billion is being lost annually to energy wastage. This figure…

FG earmarks N640bn for construction of power transmission – Sambo

The Federal Government has earmarked four billion dollars (N640 billion) for the construction and rehabilitation of power transmission infrastructure across…

Microsoft to appeal ban in China

Microsoft said Tuesday it would maintain efforts to gain approval in China for its Windows 8 operating system after a…
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