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Business

It’s zero tolerance for corruption, says new LIRS boss

Eromosele Ebhomele The Lagos State House of Assembly on Tuesday confirmed the appointment of Mr. Olufolarin Olukayode Ogunsanwo as the…

Consumers fault proposed electricity tariff increase

Some electricity consumers on Tuesday faulted the Nigerian Electricity Regulatory Commission’s (NERC) intention to increase electricity tariff by October. Those…

DIGITAL TV TALK: Why Pay-TV Providers Discontinue Certain Channels

SPONSORED Whichever pay-TV service you are on, chances are that you must have seen a few channels you love watching…

Maritime operators bemoan prolonged neglect of Warri port

Stakeholders in the Maritime sector have urged the Federal Government to proffer lasting solution to the moribund Warri port in…

21 ships to arrive Lagos ports with petroleum products, food

Twenty-one ships laden with petroleum products, food and other goods are expected to arrive Lagos ports from Monday to Sept.…

Nigeria losing money from exportation of non-tested commodities — Odumodu

The Director General of Standards Organisation of Nigeria (SON), Dr Joseph Odumodu, has said that Nigeria loses huge sums from…

Ngozi Okonjo-Iweala named Lazard senior adviser

Investment bank and asset manager Lazard Ltd said Ngozi Okonjo-Iweala has joined the firm as a senior adviser, with a…

Nigeria biggest beneficiary from Afreximbank’s loans, projects

Nigeria is the biggest beneficiary from Afrexiimexbank’s loans and projects, the bank’s President, Mr Jean-Louis Ekra, has said. Ekra disclosed…

NNPC secures $1.2bn alternative funding for 36 oil wells

The Nigerian National Petroleum Corporation (NNPC) has secured a USD1.2 billion multi-year drilling financing package for 36 oil wells under…

Diamond Bank manager docked over account manipulation

AKIN KUPONIYI A Manager in charge of e-business unit of Diamond bank Plc, Uchenna Okengwu alleged to have manipulated the…

Nigeria’s oil refineries resume production

Bright orange flames flare upwards from a pencil-thin chimney at the Port Harcourt Refining Company, sending thick black smoke into…

NIMASA sacks workers over irregular employment

Three employees of the Nigerian Maritime Administration and Safety Agency (NIMASA) had been sacked over irregularities found in their employment…
Godwin Emefiele, CBN Governo

CBN injects dollars into Nigeria’s economy

Central Bank of Nigeria (CBN) has injected dollars into the market on Friday after a lull in foreign exchange trade…

On-Grid Solar Electricity: Urgent need for strategic reconsideration

By Philip Chukwueke On June 3rd, 2015, Egypt, with a population of 88 million people and 27,000 MegaWatts of installed…

Over 200 exhibitors register for Abuja trade fair

The Abuja Chamber of Commerce and Industry Limited (ABUCCI) says more than 200 exhibitors have registered to participate in Abuja…

Bauchi puts controversial aircraft on lease

Bauchi State Government on Friday announced that it had leased its aircraft to Overland Airlines. The state Deputy Governor, Alhaji…

NLNG to commission 6 world class science labs in 6 varsities

The Nigeria Liquefied Natural Gas Limited, NLNG, is to commission six world class science laboratories in six federal univeristies across…

Glo, Konga.com commence online trading

Towards easing online trading, Nigeria’s total telecommunications service provider and Konga.com have entered into a business deal to bring a…

Nigeria restructures bank loans of 13 cash-strapped states

Nigeria has restructured the commercial bank loans of 13 cash-strapped state governments as Africa’s biggest economy seeks to cut domestic…
MTN ‘Extremely Sorry’ Over Network Outage

Right2Know pickets MTN in South Africa for unethical profiteering

Right2Know Gauteng, a campaign group in South Africa will on Friday picket telecommunication company, MTN, with the goal of putting…

Diamond Bank staff sent to Ikoyi Prison over fraud

Justice Mohammed Yunusa of a Federal High Court, Lagos, on Thursday remanded a Diamond Bank employee, Obioha Okengwu, at Ikoyi…

2 Nigerians among 12 finalists for $75k Anzisha Prize for African youth entrepreneurs

African Leadership Academy in partnership with The MasterCard Foundation has announced 12 accomplished young entrepreneurs, among them two Nigerians, as…
Godwin Emefiele, CBN Governo

“Don’t panic there’s no shortage of liquidity,” CBN Governor urges banks

Nigerian central bank Governor Godwin Emefiele ruled out on Thursday a naira devaluation and told people not to panic about…

US Pension Funds and Endowments to discuss Africa co-investments at Africa investor Summit

Africa investor (Ai), a leading international investment and communications group, today announced that US pension funds and endowments will meet…

Over 150 waste management firms to storm Nigeria

Daniels Ekugo A waste management company in Nigeria, Waste Matters Nigeria in conjunction with the Federal Ministry of Environment is…

Natures Gentle Touch introduces Eucalyptus Anti-Hair Breakage Range

Personal style brand, Natures Gentle Touch has introduced a new line of anti-hair breakage range that will provide solution to…

World’s second-richest person closing in on Bill Gates

Spain’s fast-fashion king Amancio Ortega has added $3.7 billion to his personal fortune after Inditex SA, the world’s largest clothing…

Nigerian firms may struggle to repay debt if dollar shortages persist

Already feeling the pinch from slumping oil prices and slowing economic growth, Nigerian companies are finding it increasingly hard to…

NUPENG grounds business activities at Chevron

Okafor Ofiebor/Port Harcourt Rivers State branch of National Union Petroleum and Natural Gas workers Wednesday disrupted business activities at Chevron…
Godwin Emefiele, CBN Governo

Nigeria to raise N100.8bn in Treasury bills

Reuters – Nigeria plans to raise 100.88 billion naira in treasury bills with maturities between three months and one year…
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