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Shell Shuts Leaking Pipeline

Nigeria’s oil exports were disrupted after Shell’s local unit shut a pipeline that carries a key grade after it discovered…

Shell Shuts Leaking Pipeline

Nigeria’s oil exports were disrupted after Shell’s local unit shut a pipeline that carries a key grade after it discovered…

Reps Probe Banks Over Tax Evasion

The House of Representatives has commenced investigation into the activities of some banks that have evaded paying their taxes into…

Oil prices nudge higher as OPEC meets to discuss cut

Oil prices nudged higher Tuesday as many dealers bet that the OPEC cartel is unlikely to agree on any cuts…

N97m Theft: Court adjourns case against Fidelity Bank Manager, Husband

By Akin Kuponiyi A Federal High Court, sitting in Lagos, Southwest Nigeria, has adjourned till 28 November 2014, the trial…

Religion and risk drive Islamic finance boom

When a Muslim cleric told Ahmad Salim that sharia law forbids paying interest, he returned his days-old loan to the…

Facebook ‘newspaper’ spells trouble for media

Facebook’s move to fulfill its ambition to be the personal “newspaper” for its billion-plus members is likely to mean more…

Naira value dips further against dollar

The Naira on Friday depreciated further against some major international currencies at the official, parallel and black markets. NAN reports…

Rich getting richer, poor getting poorer says Swiss Bank study

A bare 0.004 percent of the world’s adult population controls nearly $30 trillion in assets, 13 per cent of the…

Nigeria Awards China $12b Railway Contract

China Railway Construction Corp has signed a deal worth nearly $12 billion with Nigeria to build a railway along the…

FG awards N272m contract for Abuja light rail

The Federal Government on Wednesday approved a N272 million contract for consultancy services for the feasibility study and conceptual design…

Okonjo-Iweala, Nnaji, Ughelli Power wins big at WAPIC 2014

Dr. Ngozi Okonjo-Iweala, Minister of Finance and coordinating Minister for the Economy, Bart Okechukwu Nnaji, former Nigerian Minister of Power…

FAAC: FG, states, councils share N593.33bn for October

The Minister of State for Finance, Mr Bashir Yuguda, on Tuesday announced that federal, states and local governments had shared…

Crude Oil Crash: PENGASSAN wants politicians to cut unnecessary spending

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has advised political office holders and politicians to prune…

WAPIC 2014: Elumelu wants Power Transmission Company‎ privatised

By Simon Ateba ‎Africa’s business leader and Chairman of Heirs Holdings, Tony Elumelu, said on Tuesday that Nigeria’s power transmission…

Naira’s Value Further Nosedives To N173 Per Dollar

Nigeria’s naira closed at a new low of 173.20 against the dollar on Monday, down 1.21 percent in volatile trades,…

Glo Users First To Own iphone 6 In Nigeria

Globacom, Nigeria’s national telecom carrier, has become the first Nigerian operator to officially sell iPhone 6 and iPhone 6 Plus…

Fresh concerns as oil prices down in Asian trade

Oil prices extended their losses in Asia Tuesday after Japan’s economy slumped into recession, while prospects for an OPEC output…

Jonathan launches $50m YouWin Batch 4

President Goodluck Jonathan on Monday in Abuja launched the 50-million-dollar Venture Capital Fund also known as the YouWin! Small and…

Glo subscribers first to own iPhone 6 in Nigeria

Globacom, Nigeria’s national telecom carrier, has become the first Nigerian operator to officially sell iPhone 6 and iPhone 6 Plus…

Proshare Nigeria wins NBCC 2014 Rising Star Award winner

Proshare Nigeria Limited known for its outstanding role as a critical bridge between the market and its publics, has recently…

2015: Govt spendings to drop by N.2trillion, says Iweala

The Minister of Finance, Dr Ngozi Okonjo-Iweala, says the Federal Government has proposed a review of the oil benchmark from…

World’s first oil well still bubbling crude oil

by Stanislaw Waszak/AFP The smell of money hangs thick in the air as black crude oil bubbles up from what…

Saraki, Clinton, others for New York summit

Bukola Saraki, senator representing Kwara Central Senatorial district and Chairman, Senate Committee on Environment and Ecology is set to grace…

Where are the 1.9 million jobs, APC quizzes Jonathan

The All Progressives Congress has asked President Goodluck Jonathan’s administration to come out with evidences that it has employed about…

OPEC to keep production ceiling at summit

OPEC will keep its production ceiling steady at its “toughest ever” meeting this month, a former adviser to oil kingpin…

MTN, Airtel, others promise better GSM service quality

Mr Wale Goodluck, MTN’s Corporate Service Executive, has assured Nigerians that the network would soon improve on its service quality.…

Dana Air highlights achievements at 6

Simon Ateba/Lagos After six years in business and a major plane crash that killed more than 160 people, Dana Air…

12 ships laden with petroleum products arrive in Lagos

The Nigerian Ports Authority (NPA) said 12 ships laden with petroleum products had arrived in Lagos ports. NPA stated this…

NSE market indices record 2.51% growth after downturn

Trading on the Nigerian Stock Exchange (NSE) on Friday ended on a positive note as some blue chips recorded price…
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