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Business

Customs Seizes N101bn Goods Over False Declaration At Lagos Port

As a fallout of the cancelled benchmark scheme on imported items, the Nigeria Customs Service (NCS) few days ago clampdown…

Inadequate Funding Hinders Maritime Growth

Inadequate understanding of the workings of the maritime industry by Nigerian banks in formulating policies has been identified as the…

Piracy Bill Presented To Stakeholders

The Nigerian Maritime Administration and Safety Agency (NIMASA) has presented a Draft Bill on Piracy and Other Unlawful Acts at…

NIMASA Task Force Arrests Boat Over Illegal Activities

The Joint Task Force Monitoring Team led by NIMASA recently intercepted and arrested a fibre boat named AMOMO MARINE carrying…

Fagbadex Boss Advises Foreign Investors Against Fraudsters

Managing Director of Fagbadex Global Services Limited, Mr. Friday Agbabule, has appealed to international business operators in Nigeria to always…

IPO: Shareholders Sue Facebook CEO

Facebook shareholders have sued the social network, CEO Mark Zuckerberg, and a number of banks, alleging that crucial information was…

Airtel Partners GYADI On Youth Empowerment

Leading Telecommunications Services Provider, Airtel Nigeria, has partnered with Global Youth Awareness and Development Initiatives (GYADI), a non-governmental organisation, to…

Nigeria boosts power supply with 120 megawatts

The Omotosho Power Plant Phase 2 in western Nigeria is ready to contribute 120 megawatts to the national grid, the Niger…

NNPC GMD Bemoans Nigeria’s Daily Oil Loss To Thieves

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Engr. Austen Oniwon has called on the House of…

Nigerian minister promises better electricity June

Nigeria’s Minister of Power, Professor Bart Nnaji, has accepted that there is a “gross” deficit in the electricity tariff in…

Lagos Shops For N31 Billion From World Bank

The Lagos State Government is on the verge of accessing a N31.4 billion ($200 million) World Bank intervention loan for…

Toyota Makes Bold Statement About Upcoming Designs

Toyota’s CEO Akio Toyoda has already promised more fun-to-drive cars, and now a company executive promises design is becoming a…

Firm Introduces Zero Interest Finance For Nissan Brands

Nigeria’s celebrated Nissan dealership, Sun Motors Limited has re-introduced her award winning ‘Zero Interest Sales Incentive’ for desiring automobile patrons…

Classy Dyna Still Tough

If you still remember the good old days when the Dyna ruled the transport segment, you will still notice that…

GWM’s Workhorse Gets Nose Job

GWM’s Steed also known locally as Wingle and widely regarded as the best and most affordable Chinese truck in Nigeria…

Cross River, Songhai Regional Centre Sign MoU On Agriculture

Cross River State Government has signed a Memorandum of Understanding (MOU) with Songhai Regional Centre, Porto Novo, Benin Republic on…

Australian Is World’s Richest Woman

Australia’s richest person Gina Rinehart has eclipsed Wal-Mart heiress Christy Walton to become the world’s wealthiest woman, according to an…

2 Containers Of Books Seized

Nigerian authorities have seized thousands of suspected pirated books imported from China, including titles copyrighted by major international publishers, the…

Nigeria spends $1 billion on gas pipelines

As part of efforts to ambitiously transform the country into the industrial hub of Africa, the Federal Government has revealed…

Witness stuns EFCC at Finbank chiefs trial

An employee of Finbank Plc, Mr Ifeanyi Obiekwe, on Tuesday exonerated the bank’s former Managing Director, Okey Nwosu, and three…

Nigeria now ready to prosecute oil subsidy thieves

Nigeria’s justice minister vowed Tuesday to probe those implicated in a parliamentary report detailing billions of dollars lost through a…

NCC Urged To Compensate Subscribers With N1.17bn

The National Association of Telecommunications Subscribers (NATCOMS) has appealed to the Nigerian Communications Commission (NCC) to use the N1.17 billion…

Sony Introduces New Hi-Fi System

In line with its policy of producing quality electronics and keeping up with the times, Sony has announced the launch…

Etisalat, Simon Page Partner On Digital Marketing

In support of the development of digital marketing in Nigeria, Etisalat Nigeria in conjunction with Simon Page Business School, recently…

LG Unveils New Google TV

Although the Google TV platform, which uses the Android operating system and Google’s Chrome browser, hasn’t met with much success,…

Mobile Data Demands To Increase

Mobile data consumption is expected to increase by 2016, ten times more than its current usage rate, according to research…

Yahoo Agrees To Sell Stake To Alibaba

Yahoo has agreed to sell off about half of its stake in Alibaba Group to the Chinese e-commerce giant as…

Fitch cuts Japan’s credit rating

Fitch cut Japan’s credit rating by two notches on Tuesday, citing its “leisurely” efforts at shrinking a massive public debt,…

Sovereign Wealth Fund: Out Of Court Settlement Hits Brickwall

Following the collapse of the Federal Government’s proposed out of court settlement in the disputed N1 billion deducted from the…

Nigerian Truck Loaded With 65 Guns Intercepted At Aflao, Ghana

A Nigerian registered articulated truck, with 65 pieces of pump action guns has been intercepted by the Customs officials at…
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