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Business

Hilux Platform Hits 5m Units Sales Milestone

Toyota has announced that its International Multipurpose Vehicle (IMV) platform, which is used for the Toyota Hilux/Vigo pick-up, Innova minivan…

Nigeria Auto Market Guide Hits Newstands

A comprehensive handbook for the Nigerian Auto market, which has been lacking over the years would be hitting the news…

Auction Palaver: Company Drags Customs To Court

In a bid to reclaim its goods wrongly auctioned by the Nigerian Customs, a limited liability company, Curem Global Services…

Akure insurance broker suspended

The National Insurance Commission (NAICOM) on Wednesday in Abuja suspended Prime Investment Insurance Brokers Limited from doing business as insurance…

Racism: African American gets $25m compensation

A US jury has awarded $25 million in damages to an employee of a Luxembourg-based steel company who for years…

Air Nigeria Still Grounded

Air Nigeria’s planes which have been grounded for more than a week will remain grounded until the airline completes a…

Oil rich Arab States embrace solar energy

After decades of relying on carbon-emitting fossil fuels to build their cities in the desert, some oil and gas rich…

Nigeria’s SEC chief Arunma Oteh suspended

The head of Nigeria’s stock exchange regulator has been suspended from her post, its board announced Tuesday, weeks after she…

Oil prices take a dive

Oil prices diverged on Tuesday after New York crude struck an eight-month low with euphoria fading over a bailout deal…

World Bank projects little global economic growth

The World Bank on Tuesday projected “weak growth” for the global economy this year under pressure from Europe’s debt crisis…

Nigerian stocks close higher for the second day

Just like it happened Monday, transactions on the Nigerian Stock Exchange (NSE) on Tuesday appreciated by 0.27 per cent with…

Nigeria, Turkey trade volume rises

The trade volume between Nigeria and Turkey stood at 1.3 billion dollars (N206 billion) in 2011, Dr. Herbert Ajayi, the…

80 Ships Expected In Lagos

Eighty ships are expected to arrive at the Lagos ports in the next three weeks, the News Agency of Nigeria…

Apple Sets Off iPad Price Cut

Apple’s announcement in March, upon releasing the new iPad 3 that it was lowering iPad 2 pricing to $399, (N63,000)…

Dangote Cement expands Obajana Plant

The Dangote Cement Company is to be the largest cement plant in the world with a combined production capacity of…

Kabo Air denies having old aircraft

Nigerian airliner, Kabo Air Limited on Sunday denied media reports that some of its aircraft are over 30 years old.…

Nigeria plans biggest exporter of gum arabic

Nigeria’s Borno Government said on Sunday that it planned to make the state the world’s largest exporter of gum Arabic…

Group wants Halliburton, Eni SPa, Shell tried for bribery

Socio-Economic Rights and Accountability Project (SERAP) has sent a request to the Attorney General of the Federation and Minister of…

Kwara state, Cornell University sign MOU

Nigeria’s Kwara Government and College of Agriculture and Life Sciences of Cornell University, New York, have signed a Memorandum of…

Apple courts software developers at summit

Apple on Monday will spotlight next-generation software for its coveted gadgets as it kicks off its annual gathering of developers…

Spain seeks 100 billion Euro for sick banks

Spain has formally requested a European lifeline of up to 100 billion euros ($125 billion) to save its stricken banks…

Airtel offers customers 150% bonus

Phone users on the Airtel Network can now enjoy longer talk time, free SMS and complimentary data bundle as the…

Lagos Moves To Boost Agriculture

Undoubtedly, the biggest consumer of agricultural produce in the West African sub-region is Lagos State, southwest Nigeria. With a population…

Nigerian Government Reassures On Deep Seaports Development

The Federal Government has its heart firmly set on developing a number of deep seaports to ease the pressure on…

Nestle Shareholders Approve N7bn Dividends

The shareholders of Nestle Nigeria Plc have approve a total dividend of N7bn, amounting to N11.05 kobo per share for…

Innovators Renew Commitment To Africa

After three days of animated discussion and debate, the second Open Innovation Africa Summit concluded with an inspiring, vibrant group…

Nestle Plans Workshop For Journalists

In furtherance of her commitment to promote public understanding of nutrition, water and agriculture/rural development issues, Nestlé, the leading Nutrition,…

Etisalat Counsels Youths On Career Choices

In furtherance of Etisalat’s employee corporate social  responsibility, CSR, scheme, the telecoms company last week held the sixth edition of…

Ship Owners Get 90 Days Ultimatum

The Nigerian Maritime Administration and Safety Agency (NIMASA) has given a period of three months to ship owners, operators, ship…

CRFFN To Arrest Illegal Agents

The Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) is set to commence full enforcement of the CRFFN…
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