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Nigerians set to pay more for electricity

Nigerians are likely to pay more for electricity when the new gas price recently approved by the Nigerian Electricity Regulatory Commission, NERC, for power generation ...

China firm signs $12 Billion deal to build Nigerian railway

A state-owned Chinese company has signed a $12 billion agreement to build a railway along Nigeria’s coast that it billed as China’s single largest overseas ...

Ebola epidemic may cost Africa $4bn - World Bank

The World Bank says it expects the impact of the Ebola epidemic on Sub-Saharan Africa’s economy to be around $3-$4 billion, well below a previously ...

NAFDAC to sanction erring sachet water producers in Kwara

The National Agency for Food and Drug Administration and Control has threatened to withdraw the licence of any sachet water producer in Kwara that failed ...

Guinness okays N4.8bn dividends

Guinness Nigeria Plc on Thursday approved the payment of N4.8bn as dividends representing 320 kobo per ordinary share of N50.00. The payment of the dividends, which ...

WAAPP seeks new strategies for mechanised agric

West African Agricultural Productivity Programme,  has called for new researches which will result in improved technology to boost mechanized agriculture in Nigeria. National Coordinator of WAAPP, ...

Sunday Punch Editor wins Knight International Journalism Award [Video]

Sunday Punch Editor, Miss Toyosi Ogunseye Oluwatoyosi Ogunseye, the first woman and youngest journalist to edit Nigeria’s widely read Sunday Punch newspaper, believes there is one ...

Honda recalls 170,000 more vehicles over exploding airbags

Honda is recalling an additional 170,000 vehicles because the airbags might explode when deployed. Five models are covered in the recall, which includes cars sold across ...

Five US banks fined $3B in forex probe

Five banks have agreed to pay $3.38 billion in fines to global regulators to resolve allegations that they attempted to manipulate foreign exchange rates. Citibank (C), ...

NEPZA attracts N560bn investments into free trade zones

Within the last two years, a total investment of $3.5bn (N560bn) has been attracted into Free Trade Zones across the country, the Nigeria Export Processing ...

FG gives N3 Million to 300 “poorest of the poor” people in Ekiti state

The Federal Government, through the National Directorate of Employment, has provided N3m grant to 300 “poorest of the poor” people in six local governments areas ...

Firms tackle shippers council on new charges

Shipping companies operating in Nigeria have dragged the Nigerian Shippers Council before a Federal High Court in Lagos, asking for the nullification of the council’s ...

Jonathan proffers solution to falling crude oil prices

President Goodluck Jonathan on Monday suggested that oil producing countries must cooperate more and work together if they must overcome the current challenge of falling ...

FG grants N3m to 300 people in Ekiti

The Federal Government, through the National Directorate of Employment, has provided N3m grant to 300 “poorest of the poor” people in six local governments areas of ...

Niger Republic’s macro-economic performance satisfactory -IMF

The International Monetary Fund on Saturday described the overall economic performance in the Republic of Niger as “generally satisfactory.” Head of an IMF staff mission for ...

Alcatel-Lucent supporting MTN Nigeria’s rapid growth with ultra-broadband 100G fiber-optic data network

 Alcatel-Lucent is opening up Africa’s most populous nation to the benefits of ultra-broadband connectivity by launching a superfast, 100 gigabit-per-second fiber-optic network with MTN Nigeria, ... Full story

Downstream players in Nigeria's petroleum industry urged to expand capacity

Downstream players in Nigeria’s petroleum industry have been challenged to expand capacity through the construction of refineries to become net producers of petroleum products in ... Full story

Naira Slides Against The Dollar

The naira, on Monday, weakened against the US dollar, losing N0.44 kobo at the interbank market. The naira closed at N159.04/$ on Monday, compared to N158.60/$ ... Full story

Nigeria seeks financial advisers for a $100 million diaspora bond

Nigeria is looking for an international bank and a local lender to act as financial advisers for a $100 million diaspora bond to be issued ... Full story

Oil Thieves Drag Nigeria's National Economy, Global Markets Down

Hidden by mangrove trees in the murky swamps of Nigeria's southern Delta region, a thief stealthily bores a hole into a giant oil pipeline. The ... Full story

Virgin Air Allows Passengers To Send Drinks and Chat With Each Other

 For the shy guys, its flirting made easy as Virgin Launches new system that allows you to send a drink to a fellow passenger and ... Full story

NCC - Nigerians spent N223bn talking on telephone in 2012

Nigerians spent N223 billion or about N22.3 billion minutes talking on telephone in 2012, according to information provided by a global consulting firm, Price- WaterHouseCooper ... Full story

House of Representatives query $6m monthly payments to ASYCUDA firm

The House of Representatives Committee on Customs has described Web Fontaine, which powers the Automated System of Customs Data (ASYCUDA), as a drainpipe as the ... Full story

Gunmen Release Nigerian Oil Vessel Seized Off Ivory Coast; 5,000 Metric Tons Of Fuel Gone

Gunmen who hijacked an oil tanker last week near Ivory Coast’s port of Abidjan have released it after taking the cargo, the Nigerian ship owner ... Full story

Angry Unpaid Workers Ask Former Gov. Daniel To Close Down Nigerian Compass

Staff of the Nigerian Compass newspaper stunned the publishing firm’s Managing Director, Sina Kawonise, by asking him to tell former Governor Gbenga Daniel to close ... Full story

Okonjo-Iweala: Nigeria loses N2tn annually in maritime sector

Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said Nigeria loses more than N2tn annually to capital flight following inability of indigenous ship owners to fully ... Full story

President Jonathan Approves New NNPC Board of Directors

President Goodluck Jonathan, has today approved the constitution of a new Board for the Nigerian National Petroleum Corporation (NNPC). The new Board is made up of ... Full story

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Mainstreet Bank, formerly Afribank Plc sacks 800 workers

THE management of Mainstreet Bank Plc, formerly Afribank Plc, Friday, sacked no fewer than 800 workers despite the Federal Government’s directive to the management of ... Full story

Air Nigeria suspended by NCAA over financial distress

Air Nigeria, the airline belonging to business mogul, Barrister Jimoh Ibrahim, has been suspended by the Nigerian Civil Aviation Authority, NCAA, allegedly because the airline ... Full story

Mallam Lamido Sanusi wears chieftaincy robe to office

The Governor, Central Bank of Nigeria, Mallam Lamido Sanusi, on Wednesday caused a stir at the bank’s headquarters in Abuja when he appeared in his ... Full story

Arumah Oteh, SEC Director-General Petitions Presidency, Finance Minister over suspension

Director-General of the Securities and Exchange Commission, SEC, Tuesday, petitioned the Presidency and other relevant authorities over her suspension from office by the Board of ... Full story

NPA retirees wants Bode George barred from public office

BY GODWIN ORITSE THE Pensioners Welfare Association of the Nigerian Ports Authority (NPA) has condemned the way and manner members of the People Democratic Party (PDP) ...

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