Business

Terrorists target a Sheraton hotel in Lagos, US warns

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12 years ago

US diplomats in Nigeria on Friday claimed that “groups associated with terrorism” could be planning to attack a hotel in…

Jonathan shuts Abuja for WEF

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12 years ago

Nigeria’s Federal Government on Friday directed that all government offices and schools in Abuja should be closed down for the…

Adenuga bags Grand Commander of Business award

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12 years ago

Mike Adenuga Jr. (GCON), was named winner of the Grand Commander of Business Award in Nigeria and Africa. The entrepreneur…

Erastus Akingbola fails to stop N47.1bn theft charge

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12 years ago

An Ikeja High Court on Friday dismissed an application filed by Erastus Akingbola, former Managing Director of defunct Intercontinental Bank.…

Banks shut shops after Abuja bombing

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12 years ago

The branches of all the commercial banks operating in Nyanya and Mararaba area in Nigeria’s Federal Capital Territory (FCT) failed…

WEF to go ahead in Abuja, despite bombing

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12 years ago

Ayorinde Oluokun/Abuja The World Economic Forum scheduled to begin in Abuja, Nigeria’s federal capital next Wednesday will go on in…

Globacom Greets Workers On Labour Day

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12 years ago

Nigeria’s indigenous telecoms company, Globacom, has felicitated with workers on the occasion of the International Workers’ Day and enjoined them…

Oando shifts take-over of ConocoPhillips Nigerian business

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12 years ago

Oando Energy Resources Inc, a company focused on oil and gas exploration and production in Nigeria, has announced that the…

Sony exits PC business, books heavy losses

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12 years ago

Sony on Thursday warned it would report a bigger-than-expected annual loss, blaming costs tied to its exit from the personal…

Sack fever grips Owerri electricity workers

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12 years ago

Fear of sack intensified among workers of the Enugu Electricity Distribution Company (EEDC) on Wednesday as their six-month contract ended.…

Twitter shares fall after poor user growth report

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12 years ago

Twitter shares Wednesday finished at their lowest level since the company’s November Wall Street debut after the company added fewer…

FIRS records N140bn shortfall in first quarter revenue collection

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12 years ago

The Acting Executive Chairman of the Federal Inland Revenue Services (FIRS), Alhaji Kabir Mashi, has said that the service recorded…

Bumper harvest for Nigeria’s rice farmers

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12 years ago

Rice farmers in Ilushi, Esan South East Local Government Area of Edo state harvested six tonnes of the grain per…

NERC stops fixed charge in areas without electricity for 15 days

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12 years ago

The Nigerian Electricity Regulatory Commission (NERC) on Wednesday in Abuja directed electricity Distribution Companies (DISCOS) to stop collecting N750 monthly…

Sterling Bank’s shareholders increase share capital to N16bn

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12 years ago

Shareholders of Sterling Bank Plc on Wednesday approved the bank’s plans to raise new capital through a private placement. The…

Ex-electricity workers protest in Akure

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12 years ago

The Ondo State Chapter of Nigeria Union of Electricity Workers on Wednesday in Akure protested over non-payment of severance entitlements…

Nigerian Reps target Ajaokuta Steel Rolling Mill

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12 years ago

Nigeria’s House of Representatives on Wednesday mandated Committees on Steel, Priviatisation and Commercialisation and Justice to investigate the concession of…

Eko, Ikeja DISCOs review 5,100 job contracts

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12 years ago

The management of Eko and Ikeja Electricity Distribution Companies on Tuesday withdrew the identification cards of their 5,075 contract staff…

BPP saves N5.5 bn in 3 months through projects cost reduction

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12 years ago

The Bureau of Public Procurement (BPP) said it saved the country N5.5 billion in three months following its review of…

Qatari takes over Heritage Oil

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12 years ago

British oil company Heritage Oil agreed a 924 million pound ($1.6 billion) takeover offer from a fund owned by the…

Twitter shares sink as users shrink

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12 years ago

Twitter shares sank Tuesday to their lowest levels since the company’s market debut after the popular messaging platform reported a…

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…

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