Business

CBN backs power reform with N109bn

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13 years ago

The Central Bank of Nigeria (CBN) says it has disbursed over N109 billion to 20 companies in support of the…

CBN releases names of sanctioned BDC operators

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13 years ago

Nigeria’s central bank has released the names of 20 Bureau De Change (BDC) operators whose licences were revoked for alleged…

BlackBerry Reports Deep Loss And Falling Revenue

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13 years ago

BlackBerry Ltd. reported a quarterly loss of nearly one billion dollars on Friday in line with last week’s warning. The…

Ostrich Farming: A Flourishing Agribusiness

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13 years ago

By Prince Arinze Onebunne Ostrich belongs to the family of giant birds known as Struthio camelus; Ostrich is a wild…

6 arrested over theft of gold bars on Air France

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13 years ago

French police on Friday arrested six men in and around Paris over their suspected involvement in the theft of gold…

5 bank fraudsters arrested

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13 years ago

Ayo Oluokun/Abuja Nigeria’s Economic and Financial Crimes Commission, EFCC, has arrested a five- man syndicate for attempting to defraud various…

Money laundering: CBN sacks 20 BDCs

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13 years ago

The Central Bank of Nigeria (CBN) has revoked the licence of 20 Bureau De Change (BDC) companies for foreign exchange…

NSE Market Capitalisation Records N4b Growth

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13 years ago

The market capitalisation of the Nigerian Stock Exchange (NSE) rose by N4 billion or 0.04 per cent on Thursday, as…

Chinese firm to build 2000 houses in Ogun state

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13 years ago

The Ogun State Government in western Nigeria and a Chinese Construction Company, the Citic Construction Ltd. have signed a memorandum…

Nigeria approves N29.7bn road, water projects

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13 years ago

Nigeria’s Federal Executive Council on Wednesday approved different projects valued at N29.7billion at a session presided over by Vice President…

Electricity restored at Lagos airport

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13 years ago

Simon Ateba/Aviation correspondent Electricity has been restored at the Murtala Muhammed international airport in Lagos, western Nigeria, following a power…

Arik Air, IATA sign Weblink agreement

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13 years ago

Simon Ateba/Aviation correspondent Nigeria’s largest airline, Arik Air, and the International Air Transport Association, IATA, have signed a weblink agreement,…

Arik Air, IATA Sign Weblink Agreement

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13 years ago

Nigeria’s largest airline, Arik Air, and the International Air Transport Association, IATA, have signed a weblink agreement, the airline said…

Plane grounded after snake found at doorway

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13 years ago

This Australian Government Department of Agriculture handout photo received on September 23, 2013 shows a small snake, identified as a…

Oil theft: Navy hands over 61 suspects to police

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13 years ago

The Central Naval Command of the Nigerian Navy in Yenagoa on Tuesday handed over 61 suspected oil thieves to the…

Protests in Sudan over fuel price hikes

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13 years ago

Sudanese demonstrators angry over oil price hikes set fire to the ruling party’s headquarters in the capital’s twin city of…

China building new airport terminals in Lagos, P-Harcourt

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13 years ago

Simon Ateba/Aviation correspondent Chinese Civil Engineering Construction Corporation, CCECC, has started building new terminals at the Lagos and Port Harcourt…

Pipeline ‘sabotage’ Cripples Shell’s Oil Export

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13 years ago

Anglo-Dutch energy giant Shell’s Nigerian subsidiary said Monday it has been forced to defer exports of 150,000 barrels of oil…

Chevron set to offload 3 oil blocks in Nigeria

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13 years ago

(Reuters) – U.S.-based Chevron Corp will receive bids on 30 September from prospective buyers of three oil blocks in Nigeria’s…

Shell defers Nigeria exports after pipeline ‘sabotage’

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13 years ago

Anglo-Dutch energy giant Shell’s Nigerian subsidiary said Monday it has been forced to defer exports of 150,000 barrels of oil…

BlackBerry agrees to $4.7 billion buyout

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13 years ago

BlackBerry announced Monday it agreed to a $4.7 billion buyout by a consortium of investors who plan to take the…

Africa’s Digital Migration Dialogue Begins In Dubai

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13 years ago

A galaxy of experts on digital broadcast technology today converged in Dubai, United Arab Emirates, UAE, to dialogue on issues…

400k barrels restored to Nigeria’s crude oil production

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13 years ago

Nigerian National Petroleum Corporation, NNPC on Sunday said a daily production of 400,000 barrels per day had been restored to…

New Power tariff: Groups petition UN against Nigeria

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13 years ago

The government of President Goodluck Jonathan faces rising pressure to reverse the recently introduced electricity tariff as the Nigerian Guild…

Aviation: Africa’s Risky Skies

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13 years ago

By Simon Ateba/Aviation correspondent Africa is the second most populous continent on earth after Asia with more than a billion…

Crude oil theft: Shell shuts key Nigerian pipeline again

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13 years ago

Royal Dutch Shell has closed a key Nigerian oil pipeline due to oil theft less than a week after it…

Igbos, other Africans making it big in China

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13 years ago

HONG KONG (AFP) – From a windowless room in a dilapidated Hong Kong high-rise, Ali Diallo sells Chinese electronics to…

Nigeria to fight oil thieves with N15 billion

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13 years ago

Nigeria’s Federal government has set aside the sum of N15 Billion for provision of equipment and logistics that will help…

Chatham House: Nigeria oil theft a global criminal enterprise

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13 years ago

Oil theft in Nigeria is a huge criminal operation affecting companies and states around the world, but interest in tackling…

World Stocks Rally After Fed Keeps Stimulus Intact

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13 years ago

Global stock markets soared on Thursday, especially in emerging economies, as investors welcomed the US Federal Reserve’s surprise decision to…

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