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16 years after, Honda Unveils 4th Generation CR-V

It was a beehive of activities at the Ocean View Restaurant, Lagos, as The Honda Place (THP) recently took the…

Toyota’s Profit Quadruples

Toyota’s quarterly profit more than quadrupled to 121 billion yen ($1.5 billion), and the automaker gave upbeat forecasts as it…

Hyundai Elantra Emerges Car Of The Year

Hyundai Elantra has been ranked “Car of the Year 2011” by the Nigerian Auto Awards at the seventh edition of…

Shell vows to contest Nigeria’s $5b fine

Shell will challenge a $5.0 billion (four billion euro) fine imposed by Nigeria over an offshore oil spill last year,…

Nokia’s woes deepen

Nokia posted a deep second quarter net loss Thursday of 1.41 billion euros ($1.74 billion), four times more than during…

Honda recalls 320,000 cars

Japan’s Honda Motor said Thursday it is recalling more than 320,000 vehicles worldwide because of a door lock defect. The…

Ebook sales more than double in 2011

Sales of ebooks more than doubled in 2011 to bring in some $2.07 billion for the US publishing industry, a…

Arunma Oteh returns to SEC

The Jonathan government on Wednesday lifted a suspension it had slapped on the chief of its stock exchange regulator after…

Jonathan approves $1.4billion rail project

The Federal Executive Council (FEC) on Wednesday approved 1.488 billion dollars for the execution of the Lagos-Ibadan double track railway…

OAU student remanded for fraud

A Federal High Court sitting in Enugu has ordered that one Daramola Olawole, a student of Obafemi Awolowo University be…

Jonathan sends ‘authentic’ PIB to National Assembly

Nigerian President Goodluck Jonathan on Wednesday sent to the National Assembly a bill, which has been years in the making,…

Worst drought ravages US farms

Weather forecasters see no end in sight to the worst US drought in five decades, a blistering heatwave that has…

Nigeria’s stocks close higher

Trading activities on the Nigerian Stock Exchange (NSE) on Wednesday ended on a positive note as some major blue chips…

Only MTN Is Making Profit In Nigeria’

The Executive Vice Chairman, Nigerian Communications Commission (NCC), Mr. Eugene Juwah, says the only telecommunications service provider making profit in…

Thalidomide: Australian woman wins damages from Diageo

(Reuters/NAN) An Australian woman has won a multi-million dollar payout from UK company Diageo Plc, the local distributor of the…

25 firms bid for PHCN power stations

The Bureau of Public Enterprises (BPE) on Wednesday said it had received technical and financial proposals from 25 potential investors…

Nigeria’s $2.5m Ponzi scheme operator charged

The Economic and Financial Crimes Commission has charged a 35-year-old man, Segun Bright before an Ikeja High Court in Lagos…

Ex-bank manager jailed for fraud

Justice Dije Aboki of Kano High Court, has sentenced Mr. Samuel Owoyele, a former manager with the United Bank of…

Kaspersky LAB Celebrates 15 Years Of Security Research

On 26 June, 1997, Kaspersky Lab was established under the leadership of Eugene Kaspersky and his co-founders. This month marks…

Reps Ask NCC To Bar Hidden Number Calls

As part of efforts to ensure adequate security and stem the tide of kidnapping in the country, the House of…

Facebook Monitors Users’ Chats

According to a report, the social networking site, Facebook, and other websites are monitoring users’ online chats and then scanning…

Insight Invests In Digital Marketing, Technology

In a bid to strengthen its commitment proffering world-class integrated solutions to clients, Insight Communications recently sent the largest delegation…

Firm Introduces Free Conference Call

A Lagos-based firm, Peace Global Services, has introduced a platform for teleconferencing and telebroadcasting. According to the firm, the innovative…

Peugeot adamant on closing France plant

The head of French carmaker PSA Peugeot, Philippe Varin, said on Tuesday that the firm had no choice but to…

Shame as Nigeria imports diesel from Niger

In a development that should put Nigeria’s oil managers and the political leadership in shame, Nigeria, Africa’s largest oil producer…

PIB in circulation fake, says Nigeria’s presidency

Nigeria’s Presidency has alerted the nation that the purported Petroleum Industry Bill now is circulation is fake. In a press…

Jonathan sets up new NNPC board

President Goodluck Jonathan on Monday approved the constitution of a new board of directors for the Nigerian National Petroleum Corporation…

Lagos To Turn Epe To Industrial Haven

By Kazeem Ugbodaga The Lagos State Government says plans are underway to turn Epe  into an industrial haven. Commissioner for…

Travail Of Air Nigeria

After repositioning towards routes expansion, Air Nigeria faces an unexpected major crisis Just as Air Nigeria began to bask in…

Arik Air Blames FAAN For Accident

Simon Ateba The obsolete apron markings at the Jos airport made an Arik plane to brush the wing of a…
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