Business

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…

Etisalat raises 3 bn euros to buy Maroc Telecom stake

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12 years ago

UAE telecommunications firm Etisalat announced Monday 28 April that it has raised 3.15 billion euros to fund the acquisition of…

Diezani Alison-Madueke: Nigerian firms dominate oil lifting

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12 years ago

The Minister of Petroleum Resources and Chairman of the NNPC Board, Mrs. Diezani Alison-Madueke, has described the recent award of…

Adamawa has diamond, coal in commercial quantity – Nyako

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12 years ago

Governor Murtala Nyako of Adamawa, on Sunday, said the state has diamond in commercial quantity awaiting exploitation. Nyako made the…

Nokia completes handset deal with Microsoft

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12 years ago

Finnish telecom giant Nokia completed the sale of its handset business to Microsoft on Friday 25 April, leaving factories in…

Electricity Commission woos foreign investors

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12 years ago

The Nigerian Electricity Regulatory Commission (NERC) has assured foreign investors of a conducive environment for those intending to invest in…

Jonathan recognises cement industry’s contribution to economy

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12 years ago

President Goodluck Jonathan on Friday said that the cement industry had attracted six billion dollars about N960 billion local and…

PCIDSS: CBN issues Nov. 30 deadline to banks

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12 years ago

The CBN has urged commercial banks, switches and processors to be Payment Card Industry Data Security Standards (PCIDSS) certified by…

UBA shareholders approve N16.49bn dividend

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12 years ago

The shareholders of United Bank for Africa (UBA) on Friday 25 April approved N16.49 billion total dividend declared by the…

Glo/CNN African Voices Hosts Goldsmith Labi Kapo

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12 years ago

The Globacom-sponsored CNN African Voices will this weekend bring to viewers South African goldsmith, Thomas Labi Kapo, who will be…

Grasscutter Farming: From Grass To Grace

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12 years ago

By Prince Arinze Onebunne There is a saying that “if the going gets tough, only the though gets going” That…

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