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Business

Lagos Shuts 15 Firms Over Tax Default

The Lagos State Internal Revenue Service (LIRS) has sealed 15 companies in the last one month for failure to remit…

American Airlines, US Airways merge

American Airlines parent company AMR Corp and US Airways announced Thursday that their boards have approved a merger agreement to…

Daily Times: Anosike brothers for fraud trial

The Federal High Court in Lagos has fixed March 4 for the arraignment of Fidelis Anosike and his brother, Noel,…

Oil Subsidy Fraud: Court Freezes Suspect’s Assets

Justice Adeniji Onigbanjo of Nigeria’s  Lagos High Court, Ikeja today granted the Economic and Financial Crimes Commission, EFCC, an order…

Land Scam: EFCC to Arraign Kano Commissioner

A Kano State Civil Service Commissioner, Alhaji Aminu Ibrahim Gaya, is to be arraigned by Nigeria’s Economic and Financial Crimes…

Amosun commissions farm equipment

Abiodun Onafuye/ Abeokuta Senator Ibikunle Amosun, governor of Ogun state,southwest Nigeria, today commissioned some farming implements worth about five hundred…

Profits plunge for Peugeot, Societe Generale

Embattled French auto giant PSA Peugeot Citroen announced Wednesday a massive net loss of five billion euros ($6.7 billion) for…

Nigeria: Another power plant goes on stream

The 565 megawatts Odukpani Power Plant in the Nigerian southern state of Cross River will commence operation before the end…

Cable TV days are numbered with Intel challenge

Computer chip giant Intel said Tuesday it is making a set-top box for delivering movies and more to televisions in…

Banky W Bags N140m Samsung Deal

After almost two years of being a Samsung Brand Ambassador, R&B star, Olubankole Wellington, better known as Banky W, has…

Nigeria slashes cost of business registration

Nigeria’s Trade and Investment Minister Olusegun Aganga has approved the downward review of the cost of business registration at the…

JTF Hands over 18 Oil Thieves to EFCC

The Joint Task Force, JTF of 4 Brigade Nigerian Army, Benin has handed over 18 suspected oil thieves to the…

Atuche: Court summons officials of Keystone Bank

Henry Ojelu A Nigerian High Court sitting in Ikeja, Lagos today issued a subpoena on Keystone Bank Plc (formerly Bank…

Fani-Kayode Re-Arraigned

Former Aviation minister, Femi Fani-Kayode, was Monday morning re-arraigned before a Federal High court in Lagos, southwest Nigeria, for alleged…

Heritage Bank Begins Payment To SGBN Customers

Heritage Banking Company has commenced payment to customers of the defunct Societe Generale Bank, whose accounts have been successfully validated.…

British Airways Launches Valentine Offer

Leading airline, British Airways has announced another special discount offer for its Nigerian customers travelling on its World Traveller (Economy),…

India’s auto industry faces hard times

India’s once-booming passenger car sector appeared set for its worst performance in a decade, an industry official said on Monday,…

ExxonMobil issues force majeure on Nigerian export

US oil giant ExxonMobil’s Nigerian subsidiary said on Friday it may not meet contractual obligations on exports from Nigeria owing…

Park And Pay Woes

Motorists in Abuja, the Federal Capital Territory, lament what they call the exploitative nature of the park-and-pay operation within the…

The Sack Of Maduka

Business magnate, Cosmas Maduka exits the Access Bank board in controversial circumstances Corporate big player and Coscharis Motors owner, Cosmas…

4 Nigerian web developers win Etisalat’s awards

Nigeria’s fastest growing telecommunication outfit, Etisalat, has rewarded four innovative and outstanding web developers/programmers. The quartet were recognised for their…

Governor Amosun dangles carrots to investors

Abiodun Onafuye/ Abeokuta Government of the Western Nigerian state of Ogun says its reform programmes and policies in all sectors…

TVC Entertainment Increases Viewership Base

Television Continental Entertainment (TVC E), one of Nigeria’s top three most watched TV stations in Lagos, has increased its viewership…

DPR Seals 294 Filling Stations In Lagos

The Department of Petroleum Resources (DPR) says it sealed 294 filling stations for various offences in Lagos in 2012. Mrs.…

Microsoft, Huawei unveil cheap smartphone in Lagos

M.J Smith/lagos Microsoft on Tuesday announced a partnership with Chinese manufacturer Huawei to offer an affordably priced smartphone in Africa…

Market leader in Lagos charged with murder

Henry Ojelu &Mercy Momoh The western Nigerian state of Lagos has arraigned the President of Aguiyi i Ironsi Market popularly…

First Cable Car Mass Transit System Set To Launch In Lagos

For the first time in the history of Nigeria, a cable car company, Ropeways Transport Limited, is set to launch…

Oil exploration to start in Borno, says VP Sambo

Nigeria’s Vice President Namadi Sambo said Saturday that prospects for the improvement of the welfare of Nigerians living in Borno…

Indonesian President in Nigeria with 99 businessmen

Nigeria’s President Goodluck Jonathan on Saturday at the State House, Abuja, received the Indonesian President, Susilo Bambang-Yudhoyono and his wife,…

NNPC holds Nigeria to ransom

Nigeria’s state oil firm owes the government $8.3 billion for the period from 2009 through 2011, an audit report said…
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