Business

Nigeria Loses Over $10bn Annually in Parking Revenue

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11 years ago

Currently, the Nigerian government is running low on revenue due to the steep decline in oil prices to less than…

First Bank sues Arisekola’s company over N7.2b debt

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11 years ago

Akin Kuponiyi A Federal High Court, sitting in Lagos, has adjourned till Wednesday to settle the issue of legal representation…

Fashola seeks amendment to 2015 budget

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11 years ago

Eromosele Ebhomele Governor Babatunde Fashola on Tuesday announced that the current poor economic status of Nigeria is a reason for…

Qatar to spend $200bn despite oil price drop

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11 years ago

Qatar will stick to its $200-billion (190 billion-euro) infrastructure spending splurge, the energy-rich Gulf state’s premier vowed on Sunday, despite…

Suspected stowaway dies on Arik Flight

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11 years ago

By Simon Ateba Men of the Airport Police Command have evacuated the remains of a suspected stowaway discovered in the…

Only mortgages can reduce housing deficit – Fashola

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11 years ago

Governor Babatunde Fashola of Lagos State on Thursday said home ownership through mortgage was the only way to address the…

Money Laundering: Igbinedion’s Son, Others Know Fate

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11 years ago

Jethro Ibileke/Benin Justice A.M. Liman of the Benin division of the Federal High Court, southern Nigeria, has fixed 17 April,…

NDIC won’t supervise banks – CBN

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11 years ago

The Central Bank of Nigeria (CBN) has opposed the taking over of banking supervision by the Nigeria Deposit Insurance Corporation…

Yobe Power company slashes electricity bills by 50%

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11 years ago

An official of the Yola Electricity Distribution Company, Mr Hanawa Rufus, said on Monday that the company slashed the bills…

Britain sells 1.0% of Lloyds bank for £500m

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11 years ago

Britain has sold another 1.0 percent in state-rescued Lloyds Banking Group for £500 million ($754 million, 694 million euros), matching…

Private jet owners get Aviation Ministry ultimatum

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11 years ago

The Ministry of Aviation, on Sunday issued a 90-day ultimatum to owners of private jets in the country to regularize…

Sambo in Algeria, drums support for Adesina’s AFDB Presidency

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11 years ago

Vice-President Namadi Sambo on Sunday in Algiers, met with the Algerian Prime Minister Abdelmalek Sellal where they discussed bilateral issues…

Nigerian banks are safe, says CBN

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11 years ago

The CBN has assured that Nigerian banks are safe, following the outcome of a stress test it conducted. This was…

Crude oil price likely to stabilise at $50-60

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11 years ago

World crude prices are expected to gain this year or at least stabilise at between $50 and $60 a barrel,…

Seplat gives 90% of contracts to local contractors – Avuru

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11 years ago

Austin Avuru, CEO of Seplat Petroleum Development Company has described Nigerian independents as major players and significant revenue contributors to…

Qatar women ignore social constraints to launch start-ups

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11 years ago

Qatari women are increasingly defying social constraints and joining the workforce in the booming energy-rich country, which offers support for…

SEC extends Access Bank rights issue

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11 years ago

The Securities and Exchange Commission (SEC) has approved the extension of Access Bank Plc rights issue by 10 working days.…

Power generation drops by 1.5gigawatts as Nigeria loses N2.5bn

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11 years ago

The Nigerian National Petroleum Corporation (NNPC) on Friday said that the country’s power supply would drop by 1.5 gigawatts due…

Jonathan Stalling Seaport Project—Fashola

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11 years ago

Kazeem Ugbodaga The refusal of President Goodluck Jonathan-led Federal Government to pay its counterpart fund of $117 million is frustrating…

Nigeria gains N777bn from agric interventions

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11 years ago

The Minister of Agriculture, Akinwumi Adesina, said Nigeria gained N777 billion as income from various intervention programmes in the agricultural…

Resolve issues with oil marketers, Jonathan tells Okonjo

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11 years ago

President Goodluck Jonathan, on Wednesday, ordered the supply of adequate petroleum products to filling stations nationwide. Dr Ngozi Okonjo-Iweala, the…

Akingbola heads to Supreme Court to upturn N5bn corruption charges

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11 years ago

Akin Kuponiyi Barely two weeks after the Court of Appeal, Lagos Division ordered his retrial over alleged N5 billion corruption…

Done your homework? How to track your kids via smartphone

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11 years ago

Is your toddler being mean to his baby sister while you’re out of the room? Is your eight-year-old making unauthorised…

GE completes installation of mobile gas turbines for Port Harcourt refinery

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11 years ago

With more industrial facilities using distributed power technologies to ensure a reliable energy supply and increase productivity, General Electric (NYSE:…

Nigeria to pay N185bn to end fuel scarcity – Okonjo-Iweala

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11 years ago

As the Nigerian Minister of Finance and Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, prepares to meet with oil…

NUPENG urges NNPC to increase supply to Apapa

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11 years ago

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Tuesday appealed to Nigeria National Petroleum Corporation (NNPC) to…

Fuel Scarcity: DPR to punish stations hoarding petrol

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11 years ago

The Department of Petroleum Resources (DPR) on Tuesday threatened to clamped down indefinitely any petrol filling station engaged in hoarding.…

Agbakoba urges FG to appoint minister of maritime

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11 years ago

Chief Olisa Agbakoba, a maritime lawyer and a Senior Advocate of Nigeria (SAN), on Tuesday urged the Federal Government to…

Naira devaluation responsible for fuel scarcity – PPPRA

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11 years ago

The Petroleum Products Pricing Regulatory Agency (PPPRA) on Tuesday blamed the current scarcity of petrol in the country on the…

Senate summons NNPC to defend budget

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11 years ago

Senate Committee on Petroleum Downstream has summoned the Nigerian National Petroleum Corporation (NNPC) to appear before it on Thursday to…

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