Business

Dangote Takes Cement Empire To Asia

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11 years ago

Africa’s richest man, Aliko Dangote, says he’s expanding his cement empire to Asia and it will be operational in 30…

Stop harassing marketers, DPR tells task force

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11 years ago

The Department of Petroleum Resources (DPR) on Wednesday appealed to the State Task Force on Petroleum against harassment, extortion and…

I’m still going to buy Arsenal, says Dangote

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11 years ago

Africa’s richest man, Aliko Dangote, is optimistic that he will buy English Premier League club, Arsenal FC in the nearest…

Nigeria to raise N120.5bn in Treasury bills next week

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11 years ago

Nigeria plans to sell 120.52 billion naira ($606 million) of 3-month, 6-month and 1-year Treasury bills on June 24, the…

Stanbic IBTC to publish list of loan defaulters

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11 years ago

LAGOS, June 17 (Reuters) – Nigeria’s Stanbic IBTC, the local unit of South Africa’s Standard Bank, said on Wednesday it…

Bart Nnaji’s Geometric Power to build 1,080MW plant

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11 years ago

LAGOS, (Reuters) – Nigeria’s Geometric Power will build a 1,080 megawatt power plant jointly with General Electric , with the…

Nestle cuts 15% of its Africa workforce

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11 years ago

June 16 (Reuters) – Swiss food and drinks company Nestle SA is cutting 15 percent of its workforce in 21…

Nigerian appointed secretary of CTO

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11 years ago

A Nigerian Shola Taylor has been appointed secretary-general of the Commonwealth Telecommunications Organisation (CTO), an international organisation headquartered in London.…

Buhari Angry Over NNPC’s Numerous Bank Accounts

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11 years ago

President Muhammadu Buhari was visibly angry when he revealed that the Nigerian National Petroleum Corporation, NNPC, has too many bank…

What They Won’t Tell You About Pay-As-You-Watch TV

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11 years ago

SPONSORED The budget-conscious segment of the pay-Television market in Nigeria has been strident in its push for a pay-as-watch (PAYW)…

NNPC doesn’t know all its bank accounts, says Buhari

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11 years ago

The Nigerian National Petroleum Corporation has too many bank accounts, some of which either the Ministry of Finance or the…

Europe’s migrants including Nigerians send home $110bn in 2014

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11 years ago

The International Fund for Agricultural Development (IFAD), disclosed in a report published on Monday in Rome, that the Europe’s 50-million-strong…

NERC licenses 4 coys to generate 774 MW of electricity

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11 years ago

The Nigerian Electricity Regulatory Commission (NERC) has issued on-grid licences to four companies to generate 774 megawatts (MW) of electricity.…

Mobile money transactions now stand at N5bn annually – CBN

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11 years ago

Dipo Fatokun, Director, Banking Supervision of the Central Bank of Nigeria (CBN), on Sunday said that the nation’s transactions in…

EFCC, DSS investigating Sahara Group, Aiteo, Duke Oil crude oil swap contracts

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11 years ago

ABUJA, (Reuters) – Nigerian authorities have launched an investigation to determine whether the government has been short-changed by a state…

Excitement As P/Harcourt Refinery Begins Operation Soon

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11 years ago

Eromosele Ebhomele Nigerians this morning heaved sighs of relief and expressed happiness at the news that the Port Harcourt Refining…

Nigeria inflation rises to 2-year high on food prices

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11 years ago

LAGOS, (Reuters) – Nigeria’s consumer inflation rose to 9.0 per cent year-on-year in May, the upper end of a central…

Port Harcourt refinery to produce 5m litres of petrol daily – NNPC

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11 years ago

The Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC), Dr Joseph Dawha, on Thursday said the Port Harcourt Refinery…

CBN N8bn scam: Court reserves ruling till June 19

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11 years ago

Justice Adeyinka Faji of the Federal High Court sitting in Ibadan on Thursday fixed June 19 to rule on bail…

Mortgage Bank In Trouble Over N750m Deposit

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11 years ago

Henry Ojelu A consulting firm, OG Consulting has petitioned the Economic and Financial Crimes Commission, EFCC, over a N750 million…

DPR to destroy 150 illegal petrol stations in Akwa Ibom

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11 years ago

Asuquo Antai, Controller of Operations, Department of Petroleum Resources (DPR), said on Thursday the organisation would begin to demolish over…

Ambode meets Dangote, promises to attract more investors to Lagos

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11 years ago

Governor Akinwunmi Ambode of Lagos State on Wednesday said his administration was willing and ready to make investors have comfortable…

FG to partner ILO to improve working conditions

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11 years ago

The Federal Government on Wednesday, said that it would partner with the International Labour Organisation (ILO) toward strengthening the ongoing…

Reconciliation continues over non-remittance of $11.6bn NLNG dividends – NNPC

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11 years ago

The Nigerian National Petroleum Corporation (NNPC) on Wednesday said reconciliation was still ongoing with Inter-Ministerial Team on the alleged non-remittance…

Nigerian energy company set to win Access Infra Africa $5m prize

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11 years ago

Quaint Global Energy Solutions, a Nigerian-based company has been shortlisted along with Flatbush Solar, Cameroon; ADA Solar Energy, Ghana and…

Why Your TV Signals Are Affected By Rain

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11 years ago

Adverse weather conditions have been known to affect the quality of the satellite television signal reception. This is popularly called…

GE bags 2 awards after Shell partnership

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11 years ago

General Electric received two prestigious awards from Africa Investor (Ai) in recognition of the company’s significant contributions towards Africa’s infrastructure…

Ayeyemi named new CEO of Ecobank

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11 years ago

Ecobank Transnational Incorporated, parent company of the Ecobank Group, has announced the appointment of Ade Ayeyemi as its new Group…

Nigeria, India trade volume hits $16.36bn

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11 years ago

The Indian High Commissioner to Nigeria, Amb. Ajjampur Ghanashyam, said on Saturday that the bilateral trade volume between India and…

Leaky tax administration to cost Nigeria, others $56bn

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11 years ago

DAKAR, (Reuters) – Leaky tax administration could result in the loss of an estimated $56 billion dollars for West African…

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