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Supply troubles hit Nigeria’

For the second quarter of 2018 alone, 165.71 million litres of Liquefied Petroleum Gas (LPG) were imported into the country, according to the National Bureau of

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Posted On: 26 Sep 2018

Be fair on calls, data charge

Nigeria Communications Commission (NCC) has charged telecommunication service providers to adhere to certain key performance indicators it has set for improved

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Posted On: 26 Sep 2018

Mobile phone shipments to Nige

The Year-on-Year (YoY) shipment of mobile phones into Nigeria for the second quarter of 2018 showed a 13 per cent leap. The growth is however, 12 per cent lower

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Posted On: 26 Sep 2018

We are yet to Exit Recession,

In spite of the assurances last year by the federal government that Nigeria has exited recession, the Manufacturers Association of Nigeria (MAN) said the countr

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Posted On: 26 Sep 2018

Nigeria aims to sell 10 state

Nigeria will offer 10 state-owned companies for sale to selected investors and the public in the fourth quarter to raise 289bn naira ($797m) toward funding the

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Posted On: 25 Sep 2018

Trade War Reality Sets In as U

The world’s two biggest economies are digging in for what could be a long and bruising trade war, testing the resilience of the strongest global upswing i

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Posted On: 25 Sep 2018

Crude oil on The Rise, As Majo

Major oil trading houses are predicting the return of $100 crude for the first time since 2014 as OPEC and its allies struggle to compensate for U.S. sanctions

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Posted On: 25 Sep 2018

Nigeria’s Cocoa Crop Shows H

Initial harvests of Nigeria’s main-crop cocoa arriving at ports and warehouses are showing high levels of mold in the major producing southwest region due

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Posted On: 25 Sep 2018

Oil prices cross $80 mark per

Oil prices reached a four-year high on Monday with global Benchmark Brent crude jumping more than 3 percent above $80 a barrel. And oil trader Trafigura even pr

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Posted On: 25 Sep 2018

FG to revoke licences of oil c

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu says the federal government will from 2019 commence the revocation of the licences of oil compani

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Posted On: 25 Sep 2018

Subsidies: Working the Monkey

“Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops m

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Posted On: 24 Sep 2018

Oil prices rise on tightening

Oil prices rose on Monday as U.S. markets tightened just weeks ahead of Washington's plan to impose new sanctions against Iran, with major traders and banks exp

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Posted On: 24 Sep 2018

South Korea boycotts Iran’s

South Korea has stopped buying Iran’s oil, Iran’s Ministry of Petroleum confirmed on Sunday.   “It is for three successive months that

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Posted On: 24 Sep 2018

Skye Bank dead, Polaris Bank

Polaris Bank has taken over the assets and liabilities of Skye Bank, the Central Bank of Nigeria said today.   Consequently, the CBN has revoked the oper

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Posted On: 22 Sep 2018

CocaCola moving ahead with tak

Coca-Cola (KO.N) is moving ahead with plans to take over Nigeria’s leading juice company Chi Ltd and aims to complete the deal early next year, a senior e

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Posted On: 20 Sep 2018

MTN Surges as Nigeria Softens

MTN Group Ltd.’s shares rose the most in more than six months after Nigeria softened its stance over claims that Africa’s biggest wireless carrier i

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Posted On: 20 Sep 2018

43 foreign companies to showca

No fewer than 43 foreign companies have so far indicated interest to participate at the 13th Abuja International Trade Fair slated for Sept. 26 to Oct. 7. &nbs

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Posted On: 20 Sep 2018

Apple shares several early iPh

Ahead of the iPhone XS and XS Max release this Friday, Apple has highlighted a few of the early reviews praising the latest handsets.   As is the case wi

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Posted On: 19 Sep 2018

Akwa Ibom Govt raises alarm, '

The Akwa Ibom State Government has raised the alarm that the activities of the Economic and Financial Crimes Commission (EFCC), if not checked would scare away

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Posted On: 14 Aug 2018

Igbogbo Community erupts in ju

Sterling Bank Plc recently inaugurated a new branch which was the first commercial bank situated in Igbogbo LCDA of Ikorodu Local Government in Lagos.  

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Posted On: 14 Aug 2018

Stock Market Year to date Decl

The year-to-date decline of the Nigerian Stock Exchange (NSE) All-Share Index worsened to 7.4 per cent yesterday as the stock market maintained a downward trend

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Posted On: 14 Aug 2018

Oil steady as emerging market

Oil prices steadied on Monday as trade tensions and troubled emerging markets dented the outlook for fuel demand, though U.S. sanctions against Iran pointed tow

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Posted On: 13 Aug 2018

The $1,000 smartphone showdown

Here it is, another smartphone that costs $1,000.   Samsung announced the Galaxy Note 9 on Thursday with the same price tag as the iPhone X, which is sti

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Posted On: 13 Aug 2018

Supercomputer opens new area

Under the interest-free loan policy, the Zimbabwe Center, known for its high-performance computing has plans to build another supercomputer in cooperatio

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Posted On: 13 Aug 2018

Air Peace Boss Seeks Connectiv

The Chairman/Chief Executive Officer of Air Peace, Mr. Allen Onyema has said the airline is championing seamless air connectivity in Africa to drive the economi

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Posted On: 10 Aug 2018

China's Dada JD Daojia raises

Dada-JD Daojia, a Chinese online grocery and delivery firm, said on Thursday it has raised $500 million from Walmart Inc and JD.com Inc in its latest round of f

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Posted On: 09 Aug 2018