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Business

MTN ‘Extremely Sorry’ Over Network Outage

MTN to challenge NCC fine in court

One of Africa’s largest telecommunications companies says it will challenge a hefty fine issued by Nigerian authorities. In a statement,…

Skye Bank thrills customers in Ikorodu

Customers and traders in Sabo Market Ikorodu were super excited to witness another stimulating draw. Several people went home with…
Godwin Emefiele, CBN Governo

CBN cautions customers on BVN

The Central Bank of Nigeria (CBN) has cautioned customers to beware of fraudsters trying to defraud them in the name…

Ajimobi plans to raise IGR to N3.5bn

Governor Abiola Ajimobi of Oyo State on Wednesday in Ibadan said that his administration would focus on raising Internally Generated…

FG to create 7 new railway corridors, says Amaechi

The Federal Government is to create seven more rail corridors of standard gauge railways in the country, the Minister of…

Why we are yet to pay GIS stipends – Finance Ministry

The Federal Ministry of Finance on Wednesday assured participants of the Graduate Internship Scheme (GIS) of payment of their outstanding…
Godwin Emefiele, CBN Governo

CBN disburses N64.7bn power intervention fund

The Central Bank of Nigeria (CBN) says it has so far disbursed N64.7 billion of the N213 billion earmarked for…

Alleged Contractors’ Debt: MDGs Office denies diversion of funds

The Office of the Senior Special Assistant to the President on Millennium Development Goals, OSSAP-MDGs has denied allegations of diversion…

9 foreigners jailed for oil theft

Akin Kuponiyi Five Filipinos, Axel Joseph Gibo Jabone, Juanito Camireno Infantado, Suarin Fernado Alave, Gatila Jaypee Gadayan and Rolando Jose…

Omoigui-Okauru, former FIRS boss, advocates for personal change

Funsho Arogundade Mrs. Ifueko Omoigui-Okauru, former Executive Chairperson of Federal Inland Revenue Service, FIRS, has called on Nigerians to embrace…

FG to peg fuel price at N97 per litre

Petrol price in Nigeria will go up in the new year going by official disclosure that over N1 trillion had…

Lagos-Ibadan Expressway: Court sets aside infrastructure/motorways concession agreement

Akin Kuponiyi A Federal High Court sitting in Lagos south west Nigeria has set aside a new Concession Agreement on…

Port Harcourt-Aba Mass Transit Train Service set to begin operation

The Nigerian Railway Corporation (NRC) on Monday said that the Minister of Transportation, Mr Chibuike Amaechi , has approved the…

Gov. Okowa flays huge debt profile of Delta Transport Company

Gov. Ifeanyi Okowa of Delta, has expressed dismay at the huge debt burden amounting to about N400 million owed by…
Market Capitalisation

SEC begins e-Dividend registration

The Securities and Exchange Commission (SEC) has advised all shareholders and investors in the Nigerian Capital Market to visit their…

Buhari pledges to ease business processes

President Muhammadu Buhari said on Monday that the Federal Government would introduce more policies to further ease the process of…

Confusion as EFCC whisks away ex-NIMASA boss, Akpobolokemi from court

Akin Kuponiyi There was confusion and commotion Monday as a detachment of Mobile Policemen accompanied by Economic and Financial Crimes…

Tiger Brands sells 65% stake in Dangote Flour Mills for $1

South Africa’s Tiger Brands said it would sell its 65.7 per cent stake in its loss making Nigerian division to…

Massive looting by PDP cause of economic downturn, naira depreciation – FG

The Federal Government has said the poor state of the country’s economy, especially the depreciation in the Naira exchange rate,…
Calabar Carnival

Traders lament poor patronage at Calabar Festival Village

Traders at the Calabar Festival Village have decried the poor patronage being experienced since the commencement of commercial activities at…
NERC approves increase in cost of pre-paid meters

Company procures 100, 000 prepaid metres for customers

The Kano Electricity Distribution Company (KEDCO), has procured 100,000 prepaid metres for distribution to its customers. The Managing Director of…

Court orders Nigerian Navy to pay N200m over illegal detention of vessel

Akin Kuponiyi A Federal high court sitting in Lagos, southwest Nigeria, has ordered the Nigerian Navy and its chief of…

Employment creation is our top priority— Buhari

President Muhammadu Buhari declared Saturday in Kaduna that job creation will remain one of the topmost priorities of his administration’s…

Fashola promises to settle Egbin Power N47b debt

Minister of power, works and housing, Mr Babatunde Fashola Friday promised to settle the N47 billion debt it owed to…

NAHCo secures validation for Port Harcourt International Airport’s operation

Nigerian Aviation Handling Company (NAHCo), said it had secured International Civil Aviation Organisation’s (ICAO) Regulated Agent Third Country Validation Process…
Offshore oil rig

NNDC to begin oil, gas exploration in north-east in 2016

The Northern Nigeria Development Company (NNDC) on Friday, said it would begin oil and gas exploration in the north- east…

Akwa Ibom Gov’t pleads with oil companies to extend MoU

Akwa Ibom Government has pledged to encourage oil companies operating in the state to extend their Memorandum of Understanding, MoU…

Nwankwo Kanu in trouble as court orders his accounts frozen over unpaid N924m loan

AKIN KUPONIYI In a bid to recover a debt of N924,788,754.56, a Federal high court sitting in Lagos, western Nigeria,…
Court jails Lagos woman, Bose Lateef arrested by EFCC while hawking naira notes at Eko Club after she pleaded guilty to money racketeering.

Again, naira weakens against the dollar

Nigeria’s naira weakened further in the parallel market on Thursday, down 0.59 percent after the central bank’s exclusion of some…
Godwin Emefiele, CBN Governo

CBN to stop banks’ CRR funds

Mr Godwin Emefiele, the Governor of CBN, says the apex bank may not release funds due to banks following the…
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