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Business

NSE: Capital market indices up by .06 per cent

Equity transactions on the Nigerian Stock Exchange (NSE) on Tuesday closed on a bullish note as some blue chips sustained…

SEC approves UBA’s rights issue

The Securities and Exchange Commission (SEC) on Monday approved the proposed rights issue of N13 billion for existing shareholders of…

Nigeria hit as oil trade near five-year low

Almost half of Nigeria’s cargoes due to be exported in January are still available, Reuters has reported, even as oil…

Items resembling slide, plane door seen in AirAsia search

Items resembling an emergency slide, plane door and other objects were spotted in the sea during an aerial search Tuesday…

Skye Bank appoints interim MD for Mainstreet Bank

Nigeria’s Skye Bank Plc says it has appointed Mrs Amaka Onwughalu as interim Managing Director for its new acquisition, the…

Tin Can Island Port trailer park almost completed

Here is cheering news for motorists usually caught up in the perennial gridlock on the Oshodi-Apapa Port expressway. The trailers…

Missing AirAsia jet may be at sea bottom, says Indonesia searcher

Multinational search teams hunted Monday for any sign of an AirAsia plane missing off Indonesia with 162 people on board,…

Nigeria world’s largest producer of yam

A geneticist at the University of Ibadan, Dr Morufat Balogun, on Sunday said Nigeria produced 70 per cent of the…

Libya begs Italy for help on oil tank fire

Libya has called on Italy to send firefighters to prevent a fire spreading out of control at Es Sider, the…

Air Asia plane missing in transit

An AirAsia plane with 161 people on board lost contact with air traffic control en route from Indonesia to Singapore…

$30bn not missing from Excess Crude Accounts, Okonjo blasts Oshiomhole

The Minister of Finance, Dr Ngozi Okonjo-Iweala says 30 billion dollars is not missing from the Excess Crude Account as…

Sony’s PlayStation ‘gradually coming back’ after hack

Sony was still struggling Saturday to fully restore its online PlayStation system, three days after the Christmas day hack that…

FG replaces 48 damaged steel columns on Eko Bridge

Julius Berger Construction Company have replaced all the 48 steel columns of the Eko Bridge damaged by fire in 2008…

NIMASA tasks ship owners on abandoned wrecks

The Nigerian Maritime Administration and Safety Agency (NIMASA) on Friday expressed concern over the failure of ship owners to remove…

China connects remote Xinjiang with high speed train

China tied the restive far-western region of Xinjiang closer to the rest of the country Friday, opening a high-speed rail…

Passengers stranded at Lagos domestic airports

Hundreds of intending passengers were on Thursday stranded at the two domestic Lagos airports over hike in fares by airline…

Glo Seeks Peaceful Christmas, Rejoices With Christians

National Telecoms provider, Globacom, has wished Christians in Nigeria a season full of love, unlimited happiness and celebration. The company…

Citigroup selling its Japan retail bank business

Citigroup said Thursday it was selling its century-old Japanese retail banking operations to major lender Sumitomo Mitsui as part of…

Excess crude account is empty, not shared in 18 months, says Oshiomhole‎

Jethro Ibileke/Benin Governor Adams Oshiomhole of Edo State Wednesday revealed that President Goodluck Jonathan-led federal government has emptied the nation’s…

Ogun promises food sufficiency in 2015 – Sokefun

Abiodun Onafuye/Abeokuta Residents of Ogun state, southwest, Nigeria have been assured of sufficient food production as well as food security…

Ogun Forestry Ministry rakes in N128m in 10 months

Abiodun Onafuye/Abeokuta Ogun State Commissioner for Forestry, Alhaji Adebayo Fari has disclosed that his ministry had as at October 2014…

Fuel scarcity: DPR releases 335 trucks to Abuja

The Department of Petroleum Resources, Abuja, said 335 trucks of petroleum products were released from the depot between Monday and…

Nigeria’s economy is one of the world’s largest, says Jonathan

President Goodluck Jonathan said on Tuesday that his administration had managed the country’s economy to become the greatest in Africa…

FG pledges stronger trade ties with developing countries

President Goodluck Jonathan on Tuesday said his administration would continue to support the development of more mutually beneficial trade and…

Solid minerals, future of Nigeria’s economy, says Sada

Musa Sada, the Minister of Mines and Steel Development, said the need to develop solid minerals in Nigeria had become…

Okonjo-Iweala assures civil servants of December salaries

The Federal Government on Monday assured workers that payment of December salaries would take effect soon as it had started…

World Bank to support Nigeria’s power sector with N294bn

The Bureau of Public Enterprises (BPE) on Monday said that the World Bank would support the Nigeria’s power sector with…

2015 Budget: Economic analyst cautions FG on inflation

Mallam Sani Shehu, Kano-based economic analyst, has urged the Federal Government to take measures to prevent inflation following the diversification…
Kogi governor Ahmed Ododo says his administration's efforts to combat crime are yielding fruits with recovery of 53 stolen transformers

Eko Disco purchases 40 transformers worth N200m

The Eko Electricity Distribution Company (EKEDC), says it has acquired 40 new distribution transformers as part of efforts to boost…

Community wants $100m compensation from Mobil

Ibeno community in Akwa Ibom, wants Mobil Producing Nigeria (MPN) Unlimited, to pay 100 million dollars annually to the community…
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