Business

Total launches new oil field off Nigeria

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13 years ago

French oil giant Total on Friday said it would begin work on an oil field off the coast of Nigeria,…

Shell shuts major Nigerian pipeline, cuts output

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13 years ago

Shell has shut a major pipeline in Nigeria after an explosion and fire in an area where oil theft has…

Kenyan aircraft still grounded in Nigeria

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13 years ago

Simon Ateba/Aviation correspondent A Kenyan aircraft grounded in Nigeria on 3 June 2013 for non-adherence to security procedures remains grounded,…

Nigeria Seized 3.4m Kilogrammes Of Drugs In 23 Years

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13 years ago

Nigeria’s anti drug trafficking agency said on Thursday it has seized 3.4 million kilogrammes of hard drugs in the country…

Arik Air Splashes $297m On Next Generation Planes

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13 years ago

Nigeria’s largest airline, Arik Air, has signed a firm contract to acquire three CRJ1000 NextGen aircraft and four Q400 NextGen…

Ex-Lagos deputy governor wanted for N130m fraud

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13 years ago

Alhaja Sinatu Ojikutu, former deputy governor of Lagos state has been declared wanted by the Police Special Fraud Unit (SFU),…

CBN extends cashless policy to Abuja, 5 more states

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13 years ago

The cashless policy of the Central Bank of Nigeria, which has been in force in Lagos since last year, has…

GOtv Launches Two New Channels

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13 years ago

From 19 June, two new channels will be added to the growing content of GOtv, P.M.NEWS Showbiz Trends learnt. The…

13 Airports Now Cargo Terminals

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13 years ago

Thirteen airports in Nigeria have been designated as perishable cargo airports, authorities said on Tuesday, describing the move as a…

Power Sector Tussle

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13 years ago

Two power companies owned by Professor Barth Nnaji, former Minister of Power, take on the Bureau of Public Enterprises in…

Report: West Africa now world’s piracy capital

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13 years ago

West Africa has overtaken Somalia as the world’s piracy hot-spot with 966 sailors attacked last year, a report by the…

IBM Offers Lagos ‘Smart Transportation’

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13 years ago

A team of IBM experts completing a month-long pro bono consulting assignment, has made recommendations to the Lagos State Government…

Indian Firm Makes Foray Into Nigeria’s Mobile Money Sector

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13 years ago

India’s leading mobile financial services technology enabler, Estel Technologies, has entered into a partnership with pan African technology service provider,…

MD Faces Trial Over N1.7b Oil Subsidy Fraud

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13 years ago

There is no reprieve yet for the Managing Director and CEO of Stonebridge Oil Ltd, Mr. Samuel Owa who is…

Boko Haram Sacks 19,000 Farmers

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13 years ago

Islamic militants have driven 19,000 rice farmers from their land in northeast Nigeria while a military crackdown is preventing thousands…

S/ African company invests in Nigeria’s E-retail firms

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13 years ago

Cape Town based Silvertree Capital (www.silvertree-capital.com), an Africa-focused business builder and venture capital investor, has invested in two of Nigeria’s…

N144m Fraud: Ex-Bank GM’s Arraignment Stalled

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13 years ago

A Federal High Court sitting in Lagos has adjourned till 30 September, 2013 criminal charges of stealing about N144 million…

Court Awards N5b To Maevis

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13 years ago

A Federal High Court sitting in Lagos, southwest Nigeria, on Monday, awarded Maevis Nigeria Limited the sum of N5 billion…

Climate agency warns on dangers of burning coal

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13 years ago

With rainfall patterns changing and food growing region getting drier, an Australia climate agency warned today that most fossil fuels…

Nigeria grounds cargo plane from Ukraine

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13 years ago

Nigeria’s authorities have grounded a Ukrainian cargo plane suspected to be carrying military hardware at the Malam Aminu Kano International…

Angola begins gas export to Brazil

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13 years ago

Angola announced Sunday it has started producing and exporting liquefied natural gas (LNG), with a first shipment departing from the…

Fastjet Airways to Begin Operation in Nigeria

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13 years ago

Ayo Oluokun/Abuja Fastjet plc (fastjet), Africa’s lowcost airline, has signed a Memorandum of Understanding (MoU) with Nigeria’s Red1AirwaysLtd(Red 1), to…

Court Fixes Date For Fawaz Suit Against FG

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13 years ago

A Federal High Court sitting in Abuja on Thursday fixed 21 June to hear the suit instituted by Mustapha Fawez,…

Microgames Networks Launches Online Casino

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13 years ago

Microgames Networks, has launched Nairagames.com, Nigeria’s first online casino which features instant wins on the “wheel of wealth” games. According…

Junk Plane Found In Lagos Suburb

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13 years ago

A junk plane belonging to flamboyant preacher and founder of Bethel Ministries, the late Gabriel Oduyemi, triggered panic across Lagos,…

Samsung Heavy wins $3bn order from Nigeria

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13 years ago

SEOUL(AFP) – South Korean shipbuilder Samsung Heavy Industries said Thursday it had won a $3.0 billion order to build a…

Court Declines To Hear Taraba Gov’s Health Case

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13 years ago

A Federal high Court siting in Abuja on Wednesday declined to wade into a suit relating to the health condition…

NDLEA Arrests Two With Cocaine Inside Shoes

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13 years ago

Two men who craftily concealed cocaine inside shoes have been arrested, Nigeria’s anti-drug agency said on Wednesday. The National Drug…

Chevron offloads two Nigerian oil blocks

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13 years ago

US-based Chevron announced Tuesday it was selling its interest in two Nigerian oil blocks, becoming the latest multi-national to part…

FirstBank Concludes IT Upgrade, Lauds Customers’ Support

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13 years ago

First Bank of Nigeria Limited (FirstBank) has successfully concluded its upgrade to the Finacle 10 banking application thereby paving the…

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