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Business

Cabotage Act Amendment: Reps Seek Stakeholders Inputs

To address the current lapses in the Cabotage Act, otherwise called the Coastal and Inland Shipping Act of 2003, the…

Blackberry maker to cut 5000 jobs

BlackBerry maker Research In Motion said Thursday it would cut 5,000 jobs worldwide and delay its new smartphone platform as…

‘Nigeria Loses 3m Barrels Of Crude’

By Desmond Utomwen/Abuja The Chief of Defence Staff, Oluseyi Pentirin this morning said that the country is losing an average…

Toyota With Some Excitement

Chief Ikechukwu, a businessman, has found a convenient way of conveying his staff to and from the office. He had…

Almera: A New Ballgame

The Nissan Sunny, like the Toyota Corolla, has been a ‘bread and butter’ family sedan since the mid-60s – at…

Lagos Aids Mega City Transport With 30 Greatwall Florid

The profile of the Greatwall brand seems to be on the rise as the Lagos State Taxi Drivers and Cab…

Nokia admits failure to change

Nokia chief executive Stephen Elop admitted on Thursday that his company had failed to foresee rapid changes in the mobile…

JPMorgan’s losses may hit $9 billion

The losses from JPMorgan’s botched derivatives trade may reach $9 billion, nearly five times the amount announced in May, the…

US healthcare costs out of this world

“Every time I see what I pay for me and my family’s health it makes me sick,” says Fiona, a…

Google out with Nexus 7 tablet

Google on Wednesday unveiled its own branded Nexus 7 tablet computer designed to challenge Apple’s iPad and be a window…

Nigeria: Market indices on the upward swing

The market indices of the Nigerian Stock Exchange appreciated by 1.1 per cent on Wednesday due to price gains by…

Smugglers battle Nigeria Customsmen

Nigerian smugglers operating in the Owode- Idiroko border on Monday barricaded the ever busy Gwaji bridge cheeckpoint threatening to burn down…

Nigeria loses $5billion to oil thieves

The managing director of Shell Petroleum Development Company, Mutiu Sumonu, on Tuesday in Abuja said that Nigeria is losing $5billion…

Jonathan fires NNPC execs, appoints successors

Oluokun Ayorinde/Abuja In what he described as an attempt to “further strengthen the ongoing reforms and transformation of Nigeria’s Petroleum…

Oyo state, BOI partner on hydro power plants

GBENRO ADESINA/IBADAN The Bank of Industry (BOI) said on Tuesday that it would assist the Oyo State Government in the…

River’s monorail project on course, says official

Nigeria’s Rivers State government on Tuesday expressed its commitment to complete the monorail project in the interest of the people.…

Sterling Bank sacks 400 with More to Go

Sterling Bank Plc has sacked 400 workers in a systematic mass retrenchment aimed at reducing overhead cost, the News Agency…

Microsoft Launches Apple’s iPad Rival

Microsoft has introduced its own line of tablet computers at a much-hyped press event in Los Angeles, marking a major…

Sony VAIO Notebook Debuts In Nigeria

Sony has launched its VAIO line-up of notebook computers in Nigeria. The new VAIO E Series, a range of notebooks…

Illegal jetty found in Lagos

The Department of Petroleum Resources (DPR) in Lagos on Monday said it discovered another illegal jetty in Kirikiri, where petroleum…

Smartphones herald the end of paid texts

Text messaging, the simple telecoms service that turned into a global phenomenon, is under threat from free smartphone services and…

Sudan adamant on fuel subsidy removal

There will be no turning back on Sudan’s policy of phasing out fuel subsidies, the finance minister said on Monday,…

Moody hits Spanish banks with credit downgrades

Moody’s hit 28 Spanish banks with new credit downgrades Monday, as Madrid formally requested a rescue loan of up to…

Kenya seizes Nigeria bound ‘peppered- ivory’

Kenya seizes 600 kg of Nigeria-bound ivory Kenyan security dogs at Nairobi airport Friday outsmarted traffickers and sniffed through a…

NNPC, SPDC Partner On NPDC Growth Target

As part of efforts to meet the Nigerian Petroleum Development Company, NPDC, 250,000 bpd target by 2015, the management of…

Ecobank Hits N32.3b Profit

Ecobank Group  has reported a N32.27 billion ($207 million) profit for its 2011 financial year, representing a 57 per cent…

Campari Rewards Consumers, Traders

Consumers and sellers of Campari were recently rewarded with prizes by the management of Brian Munro Ltd, sole marketers of…

Airtel Reinforces Choice With 2GoodTime

Two years after it changed the game in the telecoms market in favour of subscribers, Airtel Nigeria last week again…

Moody downgrades 15 top banks over losses

The health of 15 of the world’s largest financial institutions has been called into serious question after Moody’s downgraded their…

Vendors of pre-registered SIM cards arrested

No fewer than 12 vendors have been  arrested by the enforcement team  of the Nigerian Communication Commission (NCC)  for selling…
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