Business

EKEDC plans $150mn investment for electricity

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12 years ago

The management of Eko Electricity Distribution Company (EKEDC) on Tuesday said that about 150 million dollars (N42.3 billion), has been…

Nigeria needs $10bn to boost power supply

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12 years ago

Nigeria’s Minister of Power, Prof. Chinedu Nebo, said close to 10 billion dollars about N1.6 trillion investment was needed to…

Volume jumps at NSE, market cap drops

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12 years ago

The volume of shares traded on the Nigerian Stock Exchange (NSE) on Tuesday increased by 51 per cent, just as…

Rajeev Suri, former expatriate in Nigeria heads Nokia

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12 years ago

Finnish telecom maker Nokia announced on Tuesday the appointment of Singaporean Rajeev Suri as chief executive. The 46-year-old, originally from…

Nigerian community fights Shell in UK court hearing

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12 years ago

Legal arguments begin in court today in a compensation claim brought by about 15,000 members of Nigeria’s Bodo community against…

Nigeria needs 51,000 engineers to boost power sector reform

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12 years ago

The National Power Training Institute of Nigeria (NAPTIN) has said that country requires 51,000 engineers to fast-track the power sector…

Why We Awarded Crude Lifting Contracts To Indigenous Companies — Alison-Madueke

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12 years ago

Ayorinde Oluokun/Abuja The Minister of Petroleum Resources and Chairman of the Nigerian National Petroleum Corporation (NNPC) Board, Diezani Alison-Madueke, has…

Workers shut down BEDC office in Benin

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12 years ago

The Headquarters of Benin Electricity Distribution Company (BEDC) located on Apkapkava Road in Benin City was Monday was shut down…

Court rejects EFCC’s warrant for Bube Okorodudu

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12 years ago

A Nigerian High Court on Monday refused to grant the request made by the EFCC to issue a bench warrant…

Etisalat raises 3 bn euros to buy Maroc Telecom stake

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12 years ago

UAE telecommunications firm Etisalat announced Monday 28 April that it has raised 3.15 billion euros to fund the acquisition of…

Diezani Alison-Madueke: Nigerian firms dominate oil lifting

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12 years ago

The Minister of Petroleum Resources and Chairman of the NNPC Board, Mrs. Diezani Alison-Madueke, has described the recent award of…

Adamawa has diamond, coal in commercial quantity – Nyako

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12 years ago

Governor Murtala Nyako of Adamawa, on Sunday, said the state has diamond in commercial quantity awaiting exploitation. Nyako made the…

Nokia completes handset deal with Microsoft

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12 years ago

Finnish telecom giant Nokia completed the sale of its handset business to Microsoft on Friday 25 April, leaving factories in…

Electricity Commission woos foreign investors

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12 years ago

The Nigerian Electricity Regulatory Commission (NERC) has assured foreign investors of a conducive environment for those intending to invest in…

Jonathan recognises cement industry’s contribution to economy

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12 years ago

President Goodluck Jonathan on Friday said that the cement industry had attracted six billion dollars about N960 billion local and…

PCIDSS: CBN issues Nov. 30 deadline to banks

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12 years ago

The CBN has urged commercial banks, switches and processors to be Payment Card Industry Data Security Standards (PCIDSS) certified by…

UBA shareholders approve N16.49bn dividend

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12 years ago

The shareholders of United Bank for Africa (UBA) on Friday 25 April approved N16.49 billion total dividend declared by the…

Glo/CNN African Voices Hosts Goldsmith Labi Kapo

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12 years ago

The Globacom-sponsored CNN African Voices will this weekend bring to viewers South African goldsmith, Thomas Labi Kapo, who will be…

Grasscutter Farming: From Grass To Grace

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12 years ago

By Prince Arinze Onebunne There is a saying that “if the going gets tough, only the though gets going” That…

Amosun honours corporate and individual tax payers

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12 years ago

The Ogun State Government on Thursday honoured some organizations and groups it considered the most faithful in the payment of…

NNPC committed to economic growth through gas value chain – GMD

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12 years ago

The Group Managing Director (GMD) of NNPC, Andrew Yakubu, on Thursday 24 April, said the corporation was committed to the…

NSE market capitalisation increases by N59bn

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12 years ago

The market capitalisation of the Nigerian Stock Exchange (NSE) on Wednesday 23 April grew by N59 billion or 0.46 per…

Samsung partners Hellofood for food delivery app in Nigeria

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12 years ago

Online food ordering service Hellofood.com, founded by Africa Internet Holding (AIH), announced a partnership with Samsung at the launch of…

World Bank approves $250 million credit for water projects in Nigeria

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12 years ago

The World Bank said it has approved a credit of 250 million US dollars to help the Nigerian Government continue…

Electricity generation to hit 12,000mw by 2016

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12 years ago

Dr Sam Amadi, Chairman, Nigeria Electricity Regulatory Commission (NERC), has said electricity generation nationwide would hit 12,000 mega watts before…

Marketers urge FG to pay outstanding fuel subsidy claims

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12 years ago

Obafemi Olawore, Executive Secretary, Major Oil Marketers Association of Nigeria, has pleaded with the Federal Government to pay marketers’ subsidy…

Traders want CBN to increase circulation of lower denomination Naira notes

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12 years ago

Some traders in Lagos have appealed to the Central Bank of Nigeria (CBN) to ease their transactions with customers by…

Hitachi to provide world’s fastest elevator

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12 years ago

Japan’s Hitachi has said it will provide the world’s fastest elevators, which can clock speeds of up to 72 kilometres…

NNPC denies rift between Yakubu and Alison-Madueke

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12 years ago

The Nigerian National Petroleum Corporation (NNPC) has said that there is no rift between the Minister of Petroleum Resources, Mrs…

Flights suspended to Kaduna Airport

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12 years ago

Flights to Kaduna airport have been temporarily suspended till Monday evening following a fire incident which affected the tower, Nigerian…

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