Business

Appeal Court orders Skye Bank to pay Osogbo firm N2.5bn

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11 years ago

The Federal Court of Appeal sitting in Akure, on Tuesday upheld an earlier judgment by an Osun state High Court…

Revive Ajaokuta steel, Itakpe iron, Geoscientists tell Buhari

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11 years ago

Nigeria’s president-elect, Muhammadu Buhari has been called upon to revive Ajaokuta Steel and Itakpe National Iron Ore Mining Companies when…

Fashola commissions N1bn recycling plant in Igando

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11 years ago

Governor Babatunde Fashola of Lagos State on Tuesday inaugurated a N1bn material recovery facility in Igando, designed to convert waste…

Don Jazzy, Mavins set to join Glo in multi-million naira deal

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11 years ago

In a move set to rock the corporate and entertainment world, Don Jazzy and the Mavins look set to ‘port’…

Universal Energy commence crude oil production at Stubb Creek

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11 years ago

Universal Energy Resources Limited has announced commencement of crude oil production from its Stubb Creek Field in Akwa Ibom state,…

MTN Foundation spends N11bn on CSR in 10 years

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11 years ago

The Chairman of MTN Foundation (MTNF), Mr Hamzat Ahmadu, on Monday said that the foundation had spent over N11 billion…

I’ll focus on agriculture, mining, not crude oil – Buhari

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11 years ago

Nigeria’s president-elect, General Muhammadu Buhari, on Sunday in Abuja said he would shift attention from oil to agricultural and mining…

83m subscribers use internet on Nigeria’s telecom networks – NCC

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11 years ago

The Nigerian Communications Commission (NCC) says the number of internet users on the country’s telecom networks increased to 83,362,814 as…

Ban wheat importation now, Association tells FG

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11 years ago

The Wheat Farmers Association of Nigeria (WFAN) in Kano State has called on the incoming administration to ban the importation…

N100,000 loan not enough, farmers tell govt

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11 years ago

All Farmers Association of Nigeria (AFAN) Kogi chapter, on Saturday said the N100, 000 loan grant to farmers by the…

13 airports ready with airfield lighting soon – FAAN

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11 years ago

The Federal Government said that 13 airports across the country were being fitted with airfield lighting for improved productivity and…

Court orders Ecobank to pay ex-staff N8.5m for wrongful dismissal

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11 years ago

The National Industrial Court, Abuja, on Friday ordered Ecobank Plc to pay Mr Uche Abrah , the sum of N8.5…

Interbank rates rise after Treasury bills sales

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11 years ago

LAGOS (Reuters) – Nigeria interbank lending rates rose 3.25 percentage points week-on-week on Friday to 9.25 points on average, driven…

Fuel Scarcity: Oil marketers fear Buhari will stop subsidy payments

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11 years ago

* Queues for petrol worsen across the country * Importers hold back over subsidy fears * Buhari government faces backlog…

Ikeja Electric explains power outage in Lagos

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11 years ago

The management of Ikeja Electric (IE) on Friday attributed the current rate of power interruption across its network to low…

PEF saves N360bn through e-loading – Kasali

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11 years ago

Mrs Adefunke Kasali, the outgoing Executive Secretary, Petroleum Equalisation Fund (PEF), said the agency saved more than two billion dollars…

We have 1.2bn litres of petrol in stock, NNPC boasts

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11 years ago

The Nigerian National Petroleum Corporation (NNPC) and its downstream subsidiary, the Pipelines and Products Marketing Company (PPMC), said they had…

Pipeline Vandalism: NNPC should be held responsible – Amosun

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11 years ago

Abiodun Onafuye/Abeokuta Governor Ibikunle Amosun of Ogun state, Southwest, Nigeria has charged the Federal Government on the management of petroleum…

Ecobank asks court to jail DMO’s DG

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11 years ago

Ecobank Nigeria Limited has accused the Director General of the Debt Management Office, DMO, Mr. Abraham Nwankwo, of frustrating its…

Ecobank Asks Court To Jail DMO’s DG

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11 years ago

Ecobank Nigeria Limited has accused the Director General of the Debt Management Office, DMO, Mr. Abraham Nwankwo, of frustrating its…

FG downgrades Asaba airport over safety concerns

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11 years ago

The Federal Government has downgraded the Asaba Airport over the failure of Delta State Government to put in place safety…

FG borrows N473bn to pay salaries – Okonjo-Iweala

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11 years ago

The federal government has borrowed 473 billion naira to meet up with recurrent expenditure including paying of salaries while it…

Nigeria to sell N60bn in bonds

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11 years ago

Nigeria plans to sell 60 billion naira ($300 million) of 5, 10 and 20-year sovereign bonds on May 13, its…

NSE market indices drop further by 0.14%

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11 years ago

Transactions on the Nigerian Stock Exchange (NSE) for the second consecutive day in the week closed on a negative note,…

2015 Budget: FG earmarks N145.2bn for oil subsidy – Okonjo-Iweala

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11 years ago

Dr Ngozi Okonjo-Iweala, Minister of Finance, said that N145.2 billion had been set aside for payment of subsidy on petroleum…

Agric Minister, Adesina, shuns Reps summon over rice import fraud

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11 years ago

The House of Representatives has threatened to sanction the Minister of Agriculture, Dr Akinwunmi Adesina over failure to appear before…

Fuel scarcity: We’ll supply adequate petrol – Marketers

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11 years ago

The Major Oil Markers Association of Nigeria (MOMAN) has assured the public of adequate supply of the Premium Motor Spirit…

NNPC searching for oil in Chad Basin

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11 years ago

The Nigerian National Petroleum Corporation (NNPC) said it was set to resume oil search in the Chad Basin following the…

Cashless Africa expo kicks off in Lagos

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11 years ago

The 5th MobileMoneyExpo will commence on May 6-7 at the Eko Hotel and Suite. The two-day expo will focus on…

Extradite ex-MINT boss, Okoyomon to UK, courts orders

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11 years ago

Justice E. S Chukwu of the Federal High Court sitting in Maitama, Abuja on Monday, May 4, 2015 ordered the…

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