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Globacom named Outstanding Telecoms Brand

Indigenous telecommunications company, Globacom was adjudged the Outstanding Telecoms Brand of the Decade and Brand of the Year at two…

Lagos, 7 Other African Cities On Emerging Cities List

Damilare Okunola Lagos has been listed among seven other African cities on the emerging global cities index for 2014 which…

Airtel concludes free eye screening exercise

Telecommunications services provider, Airtel Nigeria has successfully rounded off the free eye screening programme it commenced in March in three…

US Treasury: China does not manipulate yuan

The US Treasury said Tuesday that China cannot be ruled a manipulator of its currency despite the yuan’s sharp slide…

States back removal of oil subsidy

The Federation Account Allocation Committee (FAAC) in Abuja on Tuesday took a decision to remove petroleum subsidy in the country.…

Nigeria’s oil firm secures $255mn equity funding

Nigeria’s oil firm Seven Energy said on Tuesday it had secured $255 million in equity funding from global investors, including…

Market Goes Bullish In Lagos

Transactions on the Nigerian Stock Exchange (NSE) on Tuesday closed upbeat as major blue chip equities recorded price appreciations. The…

Toyota Nigeria Recalls Hilux, RAV4, Other Models

Daniels Ekugo Toyota Nigeria Limited, franchise holder of Toyota brand in Nigeria has started recalling the Hilux, RAV4 and Yaris…

Nigeria Bursts Pakistani Drug Cartel In Lagos

Simon Ateba/Lagos Attempt by a suspected Pakistani drug cartel to smuggle 25.4 kilogrammes of high grade heroin into Nigeria has…

GDP Figure: Beyond Belief

Ayorinde Oluokun/Abuja Why Nigeria’s new GDP figure may not mean much for average Nigerians beyond being an indication of developments…

Etihad’s Q1 income jumps 27 per cent

Abu Dhabi’s Etihad Airways reported Tuesday a 27-percent annual rise in revenues to $1.4 billion for the first quarter of…

In Nsukka, power outage makes phone battery chargers smile to bank

Service providers in Nsukka, Enugu State in eastern Nigeria, who charge telephone batteries for people in exchange for money now…

Toll on Lekki-Ikoyi Bridge: Court gives date for ruling

A Nigerian Federal High Court in Lagos on Monday fixed 25 April for ruling on the Lagos State Government’s application…

SEPLAT listing boosts NSE market by N28bn

The market capitalisation of the Nigerian Stock Exchange (NSE) on Monday appreciated by 2.23 per cent due to the listing…

Ohi Alegbe, new Group GM Public Affairs for NNPC

The Nigerian National Petroleum Corporation (NNPC) has announced the appointment of Mr Ohi Alegbe as Group General Manager, Public Affairs…

Glencore buys Caracal Energy

Mining company Glencore Xstrata said it agreed to buy Chad-focused oil company Caracal Energy (CRCL.L) for about 800 million pounds,…

Senate to invite Diezani on NNPC opaque finances

Nigeria’s Senate Committee on Petroleum (Downstream) has said it will invite the Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, to…

CBN charges for currency sorting when banks fail to do so

The Central Bank of Nigeria (CBN) says it does not charge Deposit Money Banks (DMBs) for Currency Sorting Services for…

Eko Hotels eyes world-class standard

The management of Eko Hotels and Suites said it has concluded plans to upgrade infrastructure at the facility to make…

IMF has changed, says Largarde

The International Monetary Fund has changed and no longer imposes tough “structural adjustment” programs as it did in poor countries…

FG to protect farmers from climate change

Dr. Akinwumi Adesina, Minister of Agriculture and rural Development, has reiterated that Federal Government’s determination to protect farmers from the…

Nigeria’s capital approves new housing project

The Minister of Nigeria’s Federal Capital Territory, Senator Bala Mohammed, said the city’s authorities had given 1,264.8 hectares of land…

Sick Nestle chairman to continue duties

Swiss food giant Nestle has said that its chairman Peter Brabeck-Letmathe has been diagnosed with an illness requiring six months…

Power Outage Stalls Sanusi’s Case

Akin Kuponiyi Power outage forced a Federal High Court sitting in Lagos State, southwest Nigeria, Friday to adjourn till 17…

Samsung S5 goes on sale worldwide

The latest version of Samsung’s flagship Galaxy smartphone series went on sale worldwide Friday, days after the electronics giant announced…

Kwara state to float N23 billion bond

Stephen Oni/Ilorin Kwara state government is to access N23billion bond from the capital market to execute infrastructural projects in the…

Ogunbambo, Fuel Subsidy Fraud Suspect Flees To Canada

Henry Ojelu The Economic and Financial Crimes Commission, EFCC, Thursday, informed a Lagos High Court in Ikeja, western Nigeria, that…

Belo-Osagie speaks on success, failure and importance of family

Nigeria’s businessman, Hakeem Belo-Osagie has shared with students of Wake Forest University, North Carolina, United States some of the peaks…

Pair of Japanese mangoes sells for $3,000

A pair of mangoes grown in southern Japan sold Thursday for a whopping 300,000 yen ($3,000), a record price for…

P.M.NEWS Investigation: Auto firms never recall defective cars in Nigeria

Daniels Ekugo Today’s announcement by Toyota Japan to recall about 6.39 million vehicles worldwide is causing anxiety among motorists worldwide,…
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