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Nigeria, others lose $60bn to illicit financial flows – Mbeki

Former South African President, Thabo Mbeki, said in Abuja that African countries lose between 50 billion dollars and 60 billion…

FIFA World Cup makes Qatar plan record budget

Gas-rich Qatar, pushing ahead with a massive infrastructure drive in preparation for hosting the 2022 football World Cup, unveiled a…

New date for Oando take-over of ConocoPhilips Nigerian business

Oando has announced 30 April for the completion of the proposed acquisition of the Nigerian Upstream Oil and Gas Business…

NNPC wins 10-year old case in UK court

Ayorinde Oluokun/Abuja A United Kingdom Commercial Court had ruled in favour of the Nigerian National Petroleum Corporation (NNPC) in a…

Terrorism killing Kenya’s tourism industry, says Kenyatta

(Reuters) – Kenya’s vital tourism sector is “on its knees” after attacks by al Qaeda-linked Islamist militants carried out in…

2 Britons, 10 Nigerians arrested for crude oil theft

Two Britons and 10 Nigerians have been arrested on charges of trying to bribe a military officer to facilitate oil…

NUPENG shuts petrol loading bay, scarcity looms

The National Union of Petroleum and Natural Gas Workers (NUPENG) has shut down the operations of Nigerian Independent Petroleum Company…

Nokia X Family Enters Nigerian Market

Nokia has announced the introduction of the Nokia X Smartphone into the Nigerian market a few weeks after it was…

Bauchi airport named after Tafawa Balewa

The new airport built by the Bauchi State government, has been named after Nigeria’s first Prime Minister, Sir Abubakar Tafawa…

UBA Plc to pay N0.50k dividend

The United Bank for Africa (UBA) has proposed a dividend of 50k to shareholders following the release of its audited…

GLO Storm Enugu Trade Fair With Value Added Services

National telecom operator, Globacom, is set to storm the the 25th Enugu International Trade Fair which kicks off Friday, 28…

Ghana risks credit downgrade, says Fitch

Ghana has been warned by ratings agency Fitch that it could face a credit downgrade due to its rising debts…

Facebook plans global web access

Facebook revealed Thursday it has a lab working on using drones, satellites and solar-powered planes to provide web access around…

Dangote bids highest for Shell’s gas field

Aliko Dangote, Africa’s richest man is planning to acquire a stake in a Nigerian gas field owned by Shell. Forbes…

Strike paralyses flights in Germany

Air passengers in Germany faced delays, disruption and hundreds of flight cancellations across the country Thursday as ground staff, baggage…

Birmingham City FC owner appeals money laundering conviction

Birmingham City owner Carson Yeung has filed an appeal against a money-laundering conviction that saw him jailed for six years,…

New CBN governor-designate vows economic stability

Nigeria’s new central bank governor-designate on Wednesday vowed to ensure economic stability to create jobs and boost growth, as lawmakers…

Dangote Cement posts record profit

Dangote Cement, the largest capitalised company on the Nigerian Stock Exchange has posted a record profit after tax of N210.2…

Lagos Fire Won’t Affect CBN

The Central Bank of Nigeria (CBN) on Tuesday assured stakeholders that the fire incident at its office in Lagos would…

Murdoch names son Lachlan as VP of media empire

Rupert Murdoch said Wednesday he had promoted his son Lachlan to be vice president of the two companies that make…

Shareholders of defunct Intercontinental Bank sue Sanusi

Nnamdi Felix / Abuja Aggrieved former shareholders of the defunct Intercontinental Bank Plc, led by Abdullahi Sani, Adaeze Onwuegbusi and…

Fire fighters save Central Bank building

The timely intervention of the Federal, State and private fire services on Tuesday evening saved the old headquarters of the…

British economist tells Nigerian leaders to improve their acts

Nigeria needs to improve the way it does business if it is to fulfil its potential to become one of…
Management of Dawanu grain market in Kano employs 800 additional security personnel to ward off vandals and hoodlums during protests

Food supply crisis imminent in Nigeria

Nigeria is facing a possible food supply crisis this farming season, traders say, as the agricultural sector grapples with a…

IFC to invest $1.5 billion in Nigeria

The International Finance Corporation (IFC) on Monday said it would invest 1.5 billion dollars (about N246 billion) to support housing…

Missing MH370 Malaysian Plane Came Down In Indian Ocean, Says PM

The missing Malaysia Airlines jet came down in the Indian Ocean, Prime Minister Najib Razak said Monday, as the airline…

Nokia delays handset sale to Microsoft

Finnish telecom company Nokia on Monday said the sale of its handset business to US technology giant Microsoft would be…

Nigerians topple Russians as third biggest spenders in UK

Nigerians accounted for four percent of shopping in the United Kingdom in February, spending an average of 628 pounds per…

Nigeria budgets $1billion to fight oil theft

President Goodluck Ebele Jonathan said Sunday at The Hague that the Federal Government has earmarked one billion U.S Dollars for…

Arsenal legend Parlour for launch of Airtel Premier

Arsenal legend and former England international, Ray Parlour, is set to visit Nigeria as part of the Arsenal team to…
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