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Airport Remodeling Contractors To Return N17.6billion To FG

The Federal government on Tuesday ordered contractors handling airport remodeling projects but failed to deliver, to return N17.6billion back to the government.  DAILY POST reports that ... Full story

Babangida Aliyu Wants Federal Government To Remove Fuel Subsidy

Niger State governor, Dr. Babangida Aliyu has asked the Federal Government to deregulate the oil sector by removing subsidy on petroleum products. Aliyu  spoke while commissioning ... Full story

Fuel Scarcity: Business Activities Collapse In Onitsha

Commercial activities yesterday grounded to a halt, following an hourly increase in pump prices of petroleum products to the tune of N300 per litre. The increased ... Full story

Fuel Scarcity: GTBank To Close Branches At 1pm From Today

The fuel scarcity being witnessed in Nigeria has continued to cause a shutdown of business and leading commercial bank, Guaranty Trust Bank (GTB) has not ... Full story

China's Richest Man Loses $15 Billion in Minutes

In the history of sudden wealth loss, Li Hejun may have set a new record. Li, who was China's richest man until this week, saw his ... Full story

Osita Chidoka: Nigerians To Enjoy WiFi Services At Airports Starting Next Week

The Minister of Aviation, Mr. Osita Chidoka, has announced that Wi-fi services will be made available in all Nigerian airports, Punch reports. Speaking at the inauguration ... Full story

Massive Shakeup Awaits MDAs - 38 Parastatals To Be Scrapped

In a bid to cut costs and free up revenue for the Nigerian government, the incoming Buhari-led administration is expected to make some changes concerning ... Full story

2015 Budget: National Assembly’s N150billion Enough To Fund Capital Votes For 20 Federal MDAs

The whopping N150 billion allocated to the National Assembly in the 2015 Appropriation Act, can fund capital votes for 20 Ministries, Departments and Parastatals [MDAs], ... Full story

NNPC Audit Report: $18.5billion Earnings Not Remitted To Treasury - Muhammad Sanusi II

Emir of Kano, Muhammad Sanusi II  and former Central Bank of Nigeria, governor has reacted to the auditors’ report on the Nigerian National Petroleum Corporation’s ... Full story

Fuel Scarcity: Oil Marketers Suspend Importation

The recurrent fuel scarcity being witnessed in many parts of the country, particularly in Lagos and Abuja, continued yesterday, showing no signs of easing up, ... Full story

Transcorp Nigeria Embarks On Crude Oil Exploration

According to the Tony Elumelu, its Chairman, Board of Directors, Transnational Corporation of Nigeria Plc has unfolded plans to begin the exploratory drilling of its ... Full story

Obama Invites African Billionaire, Elumelu To Speak At White House Event

Tony Elumelu, African billionaire, business leader and philanthropist, has been invited by US President Barack Obama to speak at a White House event to celebrate ... Full story

Nigerian Senate Passes Oil And Gas Free Zones Bill

The Nigerian Senate yesterday in Abuja passed the Asset Management Corporation of Nigeria (Amendment) Bill 2015 after a clause-by-clause consideration of the Bill, Daily Independent ... Full story

Nigerian Billionaire, Mike Adenuga Offers N119bn To Buy Comium Cote d’Ivoire

Mike Adenuga has made a bid to buy Ivorian mobile telecoms operator Comium Cote d’Ivoire. According to Telegeography, the Nigerian billionaire and owner of Globacom (Glo) ... Full story

Lagos Saves N100.7bn To Pay Debts

Lagos State Government on Wednesday said it had fine-tuned its financial strategy to ensure that funds it borrowed were repaid. The government added that N100.73bn had ... Full story

NNPC Wants Fuel Subsidy Scrapped

The Nigerian National Petroleum Corporation (NNPC) on Thursday made a strong case for the complete removal of subsidy from the petroleum products pricing template by ... Full story

Xenophobia Attacks: 6,000 Workers Might Lose Job - MTN Nigeria

MTN Nigeria has on Monday cautioned that should there be attacks on its facilities, it might be forced to discharge its over 6,000 workforce in ... Full story

Xenophobic Attacks: Nigerians Loses N21m

Nigerian Consul-General in South Africa, Amb. Uche Ajulu-Okeke, said on Sunday that Nigerians lost more than N21m Rand (1.2m) in the on-going xenophobic attacks in ... Full story

Nigeria In Talks With Russia To Build Nuclear Power Plants

Nigeria is in talks with Russia’s state-owned Rosatom to build nuclear power plants in the country. “We have an intergovernmental agreement with Nigeria, but no concrete ... Full story

President Elect Buhari Will Drop Petrol Price To N40 Per Litre - Tamunoemi David-West

Former Minister of Petroleum and Energy, Prof. Tamunoemi David-West has excited Nigerians with an assertion about how much the pump price of petrol will be ... Full story

Fraudsters Hack ATMs In Lagos With Gadget To Collect Pins And Card Data

ATMs located in highbrow areas in Lagos particularly in Victoria Island and Lekki, might have been compromised following reports of hackers planting fraud devices on ... Full story

Naira Appreciate By 7%, Now ₦211 To dollar

The naira appreciated by seven per cent to 211 against the United States dollar at the parallel market following the victory of the candidate of ... Full story

Ships With Petroleum Products Arrive Lagos Ports

Eight ships laden with petrol, aviation fuel and kerosene had arrived Lagos ports, waiting to berth. The Nigerian Ports Authority (NPA) stated this in its daily ... Full story

Japan Offers $3.4m Grants For IDPs In North East

The United Nations Children’s Fund (UNICEF) Friday received a grant of US $ 3.4 million or N750 million) for Integrated Provision of Life-Saving Emergency Interventions ... Full story

Kcee Starts Own Transport Business

Kcee is about to join the likes of Mikel Obi in transport business. The pop singer posted a bus with a logo that reads ‘Five ... Full story

Goodluck Jonathan Orders 30% Salary Cut For Goverment Officials

President Goodluck Jonathan has ordered a 30% cut of government official's welfare packages in a move to cushion effects of the drop in revenue generation ... Full story

Diamond Bank Mobile App Promises A 'Beyond Banking' Experience

Diamond Bank GMD/CEO Uzoma Dozie took it upon himself to advertise the bank’s mobile app, surprising many. In the ad, he uses the app to book ... Full story

Ghana, Cote D’Ivoire Turn To Nigeria For Gas

Cote D’ Ivoire has sent a formal request indicating its interest in liquefied petroleum gas supplies from Nigeria to support its growing power generation needs. The ... Full story

Breakdown Of Jonathan And Buhari’s Spendings For 2015 Presidential Campaign

A coalition of Civil Society Organisations, under the aegis of Centre for Social Justice, CSJ, a report titled, ‘Second campaign finance and use of state ... Full story

Dencia Launches New Skin Product

Controvetsial Pop star Dencia, who is behind the beauty product Whitenicious recently released yet another controversial skin care products called Darklicious. Dencia who is part Cameroonian ... Full story

Nigerian Economy Will Bounce Back - Alhaji Aliko Dangote

Africa’s richest man, Alhaji Aliko Dangote, has allayed concerns over the Nigerian economy brought on by declining oil revenue and political uncertainty over the elections, ... Full story

N264 Billion Fuel Subsidy To Be Paid In March - FG

The Federal Government, Monday, scheduled to pay off about N264 billion between now and end of March, as subsidy reimbursement applications submitted to marketers as ... Full story

Naira Drops By 0.55% Against Dollar

The naira dropped by 0.55 percent against dollar on Monday after some customers who failed to meet the cut-off time to submit dollar demand to ... Full story

Dollar Sells For N217 And Pounds N332

The naira on Friday depreciated by N5 to the dollar as it traded N215 at the Bureau De Change (BDCs) segment of the official market. It ... Full story

Nigeria's Enterprising 5 - 9 Work Ethic

Nigeria has Africa's largest economy. It is mostly known for oil, but that wealth has not trickled down. As it joins the global economic top ... Full story

Trade Relations Between Nigeria And China Hits $18bn

Consul-General of the People’s Republic of China in Lagos, Mr. Liu Kan, has said that trade relations between Nigeria and China last year was about ... Full story

Houses For Sale

Copperfield Realty Limited offer for sale 2 Units of 4-Bedroom Semi Detached Houses with 2 Living Rooms and 1 Boys Quarters and 1 Study, located ... Full story

Total To Continue Operations In Nigeria Despite Sliding Oil Prices

French oil major, Total, has assured that its major oil and gas projects in Nigeria as well as in other African countries will continue operations ... Full story

Oil Prices To Remain Low If Production Of Crude Is Not Reduced

A US stockpiles report Wednesday showing crude reserves standing at an 80-year high for this time of the year has exacerbated concerns about a global ... Full story

Bonga South West Project Continues Despite Slump In Oil Price

Despite claims by the Nigerian National Petroleum Corporation (NNPC) that the implementation of the Bonga South West other deepwater projects were under threat owing to ... Full story

Nigerian Naira Crahes To Record Low

Nigeria’s overnight lending rates soared to a record high of 100 per cent on Tuesday, signalling a sharp tightening of naira supply as the currency ... Full story

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