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Business

50 French coys to visit Nigeria, meet with Buhari

A delegation of 50 heads of French companies are expected to visit Nigeria next week to explore business opportunities and…

Committee on establishment of national carrier submits report

The Ministerial Committee on Establishment of National Carrier has submitted its report to the Permanent Secretary, Federal Ministry of Aviation,…

DHL appoints new Sub-Saharan Africa CEO

DHL Global Forwarding, leading provider of air, sea and road freight services in Europe and Asia, has appointed Daniella de…

West African crude oil exports to China hit four-year low

Reuters – West African crude oil exports to China were set to fall to a four-year low in October, reflecting…

Over-billing: Abuja DISCO refunding money to customers

The Abuja Electricity Distribution Company (AEDC) says it has complied with a Federal Government’s directive to refund money to its…

Staff death: Lagos Safety Commission shuts Chinese company

The Lagos State Safety Commission has put stop-work-order on Hongxing Steel Company Limited to stop its operations over safety violations.…

African investment leaders launch Sustainable Development Goals Business Statement

Africa investor (Ai), a leading international investment and communications group, has announced that it has launched a seminal business statement…

Shell to direct future investments in Nigeria on gas – MD

Reuters – Shell will focus its future investments in Nigeria on natural gas for domestic consumption and export, the managing…

Nigeria’s foreign reserves crash by $1billion

The Central Bank of Nigeria has revealed in its data for the month of September that there has been a…

World first ‘drone-port’ planned in Rwanda

Kigali (AFP) – It sounds like science fiction: unmanned drones carrying emergency medicine zooming above the rolling hills of Rwanda.…
Market Capitalisation

NSE indices appreciate further by 0.25%

The market indicators of the Nigerian Stock Exchange (NSE) recorded further appreciation on Tuesday improving by 0.20 per cent as…

AEDC customers reject proposed hike in electricity tariff

Electricity consumers in the Federal Capital Territory (FCT) and its environs, have rejected a proposed hike in electricity tariff being…

Nigeria’s oil exports under threat from theft crackdown

Nigeria’s latest effort to combat theft could imperil its oil income lifeline, compounding the damage the crude price fall has…
Nigeria Customs Service (NCS) boss Hameed Ali urges Nigerians not to engage in smuggling or patronising smugglers in Easter message

Customs confiscates N226m contraband in one week

The Federal Operations Unit (FOU), Zone ‘C’ of the Nigeria Customs Service (NCS), Owerri, said it confiscated contraband and counterfeit…

Over 3,000 mechanics register for Autofest training

Daniels Ekugo Thousands of auto technicians in Lagos have registered for Autofest which started Monday at the Blueroof of the…

Volkswagen to refit cars affected by emissions scandal

Volkswagen signalled on Tuesday it would recall up to 11 million vehicles as it tries to address the scandal over…

Digital TV Talk: Common decoder problems and solutions

SPONSORED Decoders, like other electrical or mechanical appliances, are prone to faults. This means they may not work and at…

Egbin Power plant now generating above 1,000mw, says Adesina

Kola Adesina, Chairman of Egbin Power Plc, says Nigeria has started benefiting from the dividends of power sector privatisation because…

Eko Disco to abolish fixed charge

The management of Eko Electricity Distribution Plc (EKEDP) on Monday said that it planned to abolish monthly fixed charges on…

DHL Express appoints new MD for Sub-Saharan Africa

Hennie Heymans, currently Managing Director of DHL Express South Africa, has been appointed as Managing Director of DHL Express Sub-Saharan…
Offshore oil rig

Crude oil transportation contracts cut costs— Experts

The Federal Government’s decision to award marine transportation contracts for crude oil movements from terminals to the refineries is not…

SimbaPay wins DEMO Africa 2015, eyes Silicon Valley

SimbaPay, a leading digital money transfer provider, on Friday, 25 September 2015 announced as the winner of the prestigious DEMO…

Probe of misappropriated NNPC revenue to commence – Buhari

President Muhammadu Buhari Sunday in New York said that the prosecution of those who misappropriated the NNPC’s revenue under past…

Court urged to declare Murtala Muhammed’s son bankrupt

AKIN KUPONIYI Two Federal high courts sitting in Lagos, south west Nigeria, have adjourned two bankruptcy suits filed against Risqua…

Nigerians paying the salaries of people abroad – SON DG

The Director General of Standards Organisation of Nigeria (SON), Dr Joseph Odumodu, has said that Nigerians must change their consumption…

NNPC may sell refineries that don’t meet ultimatum on rehabilitation –GMD

The Nigerian National Petroleum Corporation (NNPC) says it may sell refineries that fail to work optimally by the expiration of…
Godwin Emefiele, CBN Governo

Nigerian companies in trouble as CBN measures backfire

Reuters – Nigerian companies making anything from soap to tomato paste could run out of raw materials and be forced…

Nigerian, Felix Adepinye, wins Ford’s Technician Challenge

Daniels Ekugo A Nigerian, Felix Adepinye from Coscharis Motors has been announced as Ford Motor Company’s 2015 Technician of the…

Abuja trade fair: Exhibitors complain of low patronage

Some five days into the 10th Abuja International Trade Fair, exhibitors are complaining of low patronage and attribute the situation…
Court jails Lagos woman, Bose Lateef arrested by EFCC while hawking naira notes at Eko Club after she pleaded guilty to money racketeering.

Naira depreciates against the dollar

The naira on Wednesday depreciated slightly against the dollar at the parallel market, dropping by N2. The currency traded N222,…
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