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Dana Air Slashes Fares To N7200

Simon Ateba/Aviation correspondent Dana Air has reduced its fares to N7200 on all its destinations across Nigeria, the airline said…

NSE’s market value rises by N300 billion

The market capitalisation of the Nigerian Stock Exchange (NSE) last week appreciated by N300 billion to close at N12.138 trillion.…

EFCC Arrests Serial Fraudster over $92,000 Scam

Nigeria’s Economic and Financial Crimes Commission, EFCC, has arrested Dr. Princewell Arinze Chukwueze, an alleged serial fraudster, over a $92,000(Ninety-Two…

Arik Passengers Protest 9 Hours Delay

Arik Air passengers on Sunday erupted in anger and protested at the departure lounge of the Murtala Muhammed Airport Terminal…

NDLEA Arrests 41 With N2.3bn Worth Of Drugs

The National Drug Law Enforcement Agency (NDLEA) at Murtala Mohammad International Airport , Lagos, arrested 41 suspected drug traffickers in…

Supreme Court strips NTDC of hotel regulatory powers

A panel of the Supreme Court of Nigeria, led by Justice Suleiman Galadima, has unanimously declared that it was only…

110 investors bid for Nigeria’s power plants

No fewer than 110 investors have expressed interest in the 10 power plants of Niger Delta Power Holding Company (NDPHC)…

China shuts travel agency in GSK bribery case

SHANGHAI, July 19, 2013 (AFP) – China has shut down a travel agency which served as a conduit for bribes…

Sterling Bank profit hits N5.92b

Nigeria’s Sterling Bank Plc has announced a profit after tax of N5.92 billion for the half year ended June 30.…

In Pictures: Fashola visits LASAA

It was a busy day for Nigeria’s Governor Raji Fashola of Lagos state on Thursday 18 July. After returning to…

US city files for bankruptcy

The city of Detroit in the US state of Michigan on Thursday became the largest city in US history to…

$7b racket: Nigeria moves to rein in oil thieves

Governor Godswill Akpabio of the southern Nigerian state of Akwa Ibom has been appointed as the head of the Committee…

Oil theft, signs amnesty not working, says PENGASSAN

The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN has described recent claims by the Special Adviser to…

Fire Razes Coscharis Warehouse

Lagos State Fire Service and the Navy are battling to extinguish a raging fire that gutted a warehouse belonging to…

Enterpreneur Calls For Quick Passage Of PIB

An oil and gas entrepreneur, Mr Wilson Opuwei, has called for the quick passage of the Petroleum Industry Bill (PIB)…

Google eyes TV service over the net

US Internet giant Google is scrambling to deliver pay television online and has met with some content providers on licensing,…

‘E-Commerce To Upstage Mainstream Shopping’

Minister of Communication Technology has predicted the demise of standard shops as more Nigerians embraced e-commerce. Speaking at the first…

iPhone Electrocutes Woman

Apple is investigating the death of a Chinese woman who was killed by an electric shock while answering a call…

Electricity Workers Clash In Benin

JETHRO IBILEKE/Benin Members of the Senior Staff Association of Electricity and Allied Companies (SSAEC) and the junior workers grouped under…

Father, Son Arrested With Cannabis

The National Drugs Law Enforcement Agency (NDLEA) on Monday said it has arrested a father and his son over alleged…

Nigeria’s leading job site still has a job to do

LAGOS (AFP). When university student Ayodeji Adewunmi faced daunting hurdles in starting his own business in Nigeria, he turned to…

Boeing stocks plunge after Dreamliner fire

Boeing stocks plunged nearly 5 percent on Friday after a fire and a “technical issue” on separate 787 Dreamliners in…

NIMASA lifts blockade of LNG exports after N76b loss

The Nigerian Maritime Administration and Safety Agency that has blockaded liquefied natural gas exports for three weeks, costing $475 million…

Ethiopia Airline’s Boeing Dreamliner gutted by fire

An Ethiopian Airlines 787 Dreamliner caught fire at London’s Heathrow airport on Friday in the latest calamity for Boeing’s troubled…

Shell Again Shuts Major Oil Pipeline

Shell has shut a major pipeline in Nigeria for the second time in less than a month after locating another…

Volkswagen reports sales boost half year

Volkswagen, Europe’s biggest car maker, said on Friday it was satisfied with business in the first six months of the…

Shell shuts major pipeline, output cut by 150k barrels

Shell has shut a major pipeline in Nigeria for the second time in less than a month after locating another…

Stockbroker jailed for defrauding clients

An Ikeja High Court on Thursday sentenced a stockbroker, Ayoola Coker, to 30 years imprisonment for stealing N17.5 million shares…

IEA forecasts higher demand for oil next year

Global economic recovery and emerging markets led by China will boost growth of oil demand to a record high total…

Nigeria Moving Away From Oil Dependence, Says Jonathan

President Goodluck Jonathan said Thursday in Beijing that the increasing exploitation and utilisation of shale gas and other alternative sources…
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