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Stallion Sets Pace For Apollo Tyres

World renowned Apollo Tyres has formally launched its product range in Nigeria, appointing tyre division of foremost merchandise, Stallion Group,…

Akingbola: London Verdict Vindicates CBN action

Central Bank of Nigeria Governor Sanusi Lamido Sanusi said the guilty verdict on Erastus Akingbola, former Chief Executive of the…

Nigerian court orders TSKJ pay $310m tax backlog

Nnamdi Felix / Abuja Nigeria’s revenue account was on Wednesday boosted to the tune of N49 billion, about $310 million…

NNPC, Others Set To Take Over Shell Oil Block

Nigeria’s state oil company and a local consortium are set to take over an oil block operated by Shell, the…

Shell debunks Nigeria exit rumours

Shell Petroleum Development Company (SPDC) has debunked speculations that it plans to pull out of Nigeria. Mr Mutiu Sunmonu, the…

Apple, Samsung battle it out in court

Lawyers for Apple and Samsung debated the differences between copying and honest competition as opened arguments were held Tuesday in…

India enters record book for worst power failure

India has entered the record books for world’s worst power failure and the people affected. The country of over one…

Nokia Warns Nigerians Against Scam Promos

Mobile phone manufacturer, Nokia, has warned Nigerians against responding to emails and text messages claiming that they have won huge…

Globacom Launches Glo Flexi Reloaded

National telecom operator, Globacom, has re-launched its dynamic tariff plan, Glo Flexi, to give subscribers on the Glo network a…

MTN Deploys Ericsson’s Latest SSR Technology

Nigerian leading telecommunications company, MTN, says it has deployed Ericsson’s latest wireless packet core network technology, SSR 8020, to provide…

Etihad Airline Slashes Fare For Nigerian Passengers

Etihad Airways says it has slashed fares for Nigerian passengers travelling from Nigeria to other parts of Africa, Middle East,…

Eurozone jobless reaches record 11.2 per cent

Unemployment across the recession-hit eurozone was a record 11.2 percent in June, with more jobs lost in the single currency…

More suspects charged with oil subsidy theft

The Economic and Financial Crimes Commission (EFCC) on Monday arraigned two more oil marketers and an oil company before an…

FCMB posts higher profits half year

First City Monument Bank (FCMB) has reported a 26 per cent increase in profit after tax for its half year…

Apple to launch iphone 5 and iPod nano

Apple shares shot higher Monday after unconfirmed reports that the tech giant was preparing to launch a new version of…

One robber killed in attack on forex dealer

Jeff Ezemadu/Badagry Four Nigerian robbers have attacked a currency dealer from the Republic of Benin. And one of them was…

Iran condemns bankers to death over fraud

While Nigeria sentenced a high profile bank official for six months over massive fraud, an Iranian court in Tehran court…

34 Indian Biz Men Arrive Nigeria For Chemical Conference

At least 34 Indian Businessmen have arrived Nigeria to foster greater synergy with their Nigerian counterparts in the chemicals, pharmaceuticals…

NCC Halts Lagos Levies On Telecom Masts

The Lagos State Government has been stopped by the Nigerian Communications Commission, NCC, from imposing annual levy on all existing…

Nigeria’s petrol marketers suspend strike

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMA) has called off its planned three days strike over non-payment…

An Apology from pmnewsnigeria.com

Our site has been down and out since Thursday afternoon. This followed the heavy traffic by loggers and users of…

TECNO Gives Olympic Souvenirs To Nigerians

As the thrills and freels of the 2012 Olympic Games begin today in the city of London and other parts…

CBN stops capital outflow by Nigerian banks

The Central Bank of Nigeria (CBN) says it will no longer permit any further outflow of capital from Nigerian banks…

EFCC docks bizman over dud cheques

The Economic and Financial Crimes Commission, EFCC, has arraigned the Chief Executive Officer of Tafag Nigeria Limited, Engr Thompson O…

Jonathan appoints new CEO for Nigeria Ports

President Goodluck Jonathan has approved the appointment of Mr. Habibu Abdullahi as the new Managing Director of the Nigerian Ports…

Jonathan Awards Tompolo Contract For 20 Patrol Boats

Former militant leader in the Niger-Delta, Chief Government Ekpemupkolo, also known as Tompolo, has been awarded a multi-million dollar contract…

BASF, German firm returns to Nigeria

Governor Babatunde Fashola of Lagos State has described Nigeria as a foremost global investment destination as the German manufacturing conglomerate,…

Solar powered plane returns to base

The Swiss sun-powered aircraft Solar Impulse landed back home in Switzerland late Tuesday after completing the final leg of its…

Nigerian panel indicts 21 firms in N382b subsidy scams

The Aig- Aigboke Imokhuede led Presidential Committee on Verification and Reconciliation of Fuel Subsidy payment on Tuesday submitted its final…

Fresh threat to Nigeria’s fuel supply worries

Twenty four hours after the Jetty and Tank Farm Owners Association of Nigeria (JEPTON) embarked on an indefinite strike over…
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