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World oil prices slide as Norway strike ends

Global oil prices slid Tuesday after Norway halted an oil workers’ strike that threatened production and news of weak Chinese…

Ribadu: I’ll catch oil subsidy thieves in 7 days

DESMOND UTOMWEN/Abuja The pioneer Chairman, Economic and Financial Crimes Commission, Malam Nuhu Ribadu has boasted that should he be given…

ALSCON: UC Rusal ignores Nigeria’s Supreme Court

The aluminium company of Russian oligarch Oleg Deripaska UC Rusal on Tuesday insisted it was still the owner of Nigeria’s…

StarTimes Partners Stanbic IBTC On Mobile Payment

Nigeria’s pioneer digital terrestrial technology television provider, StarTimes, has entered into partnership with Stanbic IBTC Bank on mobile subscription payment…

Nokia To Sponsor Demo Africa

Nokia has confirmed its willingness to sponsor  the first ever DEMO Africa to be hosted in Nairobi, Kenya, in October…

NCC Rejects Proposal For Telecoms Infrastructure

The Nigerian Communications Commission, NCC, has rejected telecoms operators proposal on the need for a one-stop permit centre for approval…

Consumers Gear Up For MDA As Audition Begins

All is set for the commencement of regional auditions for Maltina Dance All (MDA), the popular family reality television show…

Signal Alliance Restates Commitment To World Class IT Solution

Frontline systems Integration Company in Nigeria, Signal Alliance Limited, has reiterated its commitment to providing world class IT solutions and…

Oil spill pollutes waterways, farms in Nigeria

(AFP) – Italian oil giant ENI said Sunday that “an act of sabotage” has caused a spill at one of…

Barclays rate scandal shakes banking world

July 8, 2012 (AFP) – The Barclays rate-rigging scandal is sending shockwaves through world finance, putting ethics and regulation under…

More Americans go for electric cars

The US market for all-electric cars is charging up, with plug-in vehicles rolling off US dealer lots despite much higher…

Crashed truck severs power supply to Ikeja

A truck crashed into the equipment of the Transmission Company of Nigeria (TCN), Lagos region, on Saturday at the junction…

Apex court ousts RUSAL from ALSCON

Nnamdi Felix / Abuja Eight years after BFIG Corporation entered into an agreement with the Bureau for Public Enterprises to…

Iran threatens to close oil export channel

Iran will close the strategic Strait of Hormuz at the entrance to the oil-rich Gulf only if its crude revenues…

JPMorgan Accounts: CBN debunks NNPC claim

Nigeria’s Central Bank on Friday insisted that the NNPC remained the sole signatory of two crude oil and gas accounts…

Yahoo, Facebook unveil advertising alliance

Facebook and Yahoo! announced Friday in San Francisco they were launching an advertising partnership as the two tech giants settled…

Expect Petrol Scarcity, Marketers Warn

Depot and Petroleum Products Marketers Association (DAPPMA) said Nigerians should expect another round of petrol scarcity if the Federal Government…

Frozen Food Traders Count Losses

Frozen food traders in the Ijora area of Lagos counted their losses on Thursday as their commodities rot away, due…

SGD Scam Rocks Customs

By Esther Komolafe Though use of the Single Goods Declaration (SGD) forms has been phased out by the Nigeria Customs…

Customs Loses N5bn Monthly At Kirikiri Terminal

By Esther Komolafe As the various area commands of the Nigeria Customs Service (CAC) battle  to meet the 2012 revenue…

Nigeria, S/Korean Firm Sign Pact On Power Generation

By Henry Ojelu As part of efforts to tackle the epileptic power supply in the country, The Minister of Power,…

‘We Remain Committed To Youth Empowerment’

By Henry Ojelu Leading telecommunications company, Etisalat has reinstated its commitment to youth empowerment. Chief Executive Officer of the company…

Fashola Woos Corporate Lagos Over Sponsorship

By Henry Ojelu The Lagos State Governor, Mr. Babatunde Fashola, has taken the lead towards achieving a private sector driven…

ICT Conference To Address Issues In Cashless Economy

By Henry Ojelu This years edition of the National Conference of the Nigeria Computer Society, NCS , will among other…

UN wants billionaires taxed to help poor

The United Nations on Thursday called for a tax on billionaires to help raise more than $400 billion a year…

Jonathan sets up fresh panel on subsidy claims

President Goodluck Jonathan on Thursday set up another committee that will review the findings of the Aigboje Aig Imoukhuede led…

Honeywell International Slams N20b Suit On Honeywell Nigeria

By Akin Kuponiyi In a bid to stop infringement of its Trade marks and disturbance of its business Honeywell International…

Air Nigeria returns leased planes

The Air Nigeria Airline says it will return four of its aircraft to the lessor, GECAS, following the request to…

Abba Abacha absent at Swiss trial

The corruption trial of the late Nigerian dictator Sani Abacha’s son was adjourned on Wednesday until next week because of…

Judge arrests House report on oil subsidy scam

Nnamdi Felix / Abuja As the $620,000 subsidy probe’s bribery allegation rages, one of the oil marketers indicted by the…
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