Business

Nigeria’s crude oil production rises in August

OPEC members exported more crude based on performance of Nigeria, Angola, Libya, and others.

Job seekers in Nigeria

800 companies shut down in 3 years, says NACCIMA

Commerce Association says that more than half of the surviving firms are “ailing”.

EFCC_operatives

Nigerian banks aid corruption-EFCC

The anti-corruption boss told some bankers how their colleagues aide corruption.

Airtel wins triple at Nigerian Telecoms Awards

Airtel is Named Telecoms Brand of the Year, Most Innovative Telecoms Company and Customer Friendly Operator.

NNPC officials working on vandalised pipeline

Pipeline vandals kill 3 NNPC staff

The management of the Nigeria National Petroleum Corporation on Sunday confirmed the killing of three of its staff by men suspected to be pipeline vandals.  Fidel Pepple, the acting Group General Manager, Group Public Affairs Division of the Corporation, said in a statement on Sunday the three were members of a team deployed to effect […]

NIPP projects boost power supply with 1,150MW, NDPHC boss says

The commission boss says four more power plants are to be commissioned before December.

Government, marketers dialogue to avert disruption in fuel supply

Major oil marketers promise steady distribution of petroleum products nationwide

Updated: Air Nigeria workers protest sack

The staff say Jimoh Ibrahim should pay their entitlements before they are relieved of their appointments

EFCC_operatives

Fuel Subsidy Scam: EFCC declares fleeing oil marketers wanted

The Economic and Financial Crimes Commission has just issued the statement below declaring wanted, marketers who allegedly “obtained billions of naira as subsidy payments from the Petroleum Support Fund under false pretence, and disappeared in the wake of the Commission’s investigation of the subsidy regime. The marketers are Abdul Afeez Olarenwaju Olabisi of Fargo Petroleum […]

Air Nigeria staff protest in Lagos

The dismissed staff accused the airline management of malpractices

DANA Air to resume flights

Dana Air reopens offices nationwide

Dana Air reopened its Nnamdi Azikiwe International Airport, Abuja, for business Thursday after aviation authorities reinstated its operating license withdrawn in the aftermath of the June 3 crash that killed 160 people. The airline said its workers have resumed duties nationwide after receiving directive from the head office in Lagos, but was yet to fix […]

DANA Air to resume flights

Shock as DANA joins forces to halt inquest into June 3 crash

In a move that defied judicial regulations and which the presiding judge described as “a novel issue”; Dana Air, joined as a defendant in a suit, on Thursday filed an affidavit supporting the plaintiffs’ motion to halt the coroner’s inquest into the cause of the airline’s June 3 crash. This came less than 24 hours […]

Traffic gridlock used to illustrate the story

We are still in charge of Lagos-Ibadan expressway – Bi-Courtney

The embattled company insists that it is still in charge of the controversial road construction contract.

Arik Air, Lufthansa seal partnership deal

Germany’s Lufthansa has renewed its technical partnership with Nigeria’s Arik Air.

Government wants public sector accountants to embrace IPSAS, IFRS standards

Federation Accounts Allocation Committee (FAAC) Sub-Committee organises workshop to member to boost accounting standards

Police to protect capital market investments

IGP says police would do everything in its capacity to protect the Nation’s economy and capital market investments.

Use your shops or lose them, Ogun warns traders

The State Government says shop owners at Yewa Market must use their shops for commercial purpose or forfeit it.

DANA Air to resume flights

FG lifts Dana Airline’s suspension – UPDATED

Dana Airline’s license has been restored amid ongoing inquest into the cause of death of the crash victims.

Abuja farmers demand more time to pay loan

The income level of the farmers has increased from N10, 000 to N100, 000.

Dagogo-Jack replaces Barth Nnaji as head Presidential Task force on Power

Dagog-Jack replaces Barth Nnaji as head of Presidential Task force on Power

Pirates hijack oil ship, kidnap crew, off Nigeria’s coast

Pirates have hijacked an oil tanker and its crew in the waters near Lagos, the navy and a security company said on Wednesday. The vessel, called the Abu Dhabi Star, was seized on Tuesday night, around 14 nautical miles from the entrance to Lagos port, navy spokesman, Kabir Aliyu, told Reuters. The navy said the […]

Jimoh Ibrahim shuts down Air Nigeria, sacks staff

All Air Nigeria flight operations nationwide are to be shut down effective from Monday next week. PREMIUM TIMES gathered that the directive for the closure of the airline’s operations was handed down by its billionaire businessman owner, Jimoh Ibrahim, who also reportedly ordered that all, but 50 of the workers on the company’s payroll, be […]

Dantata, others receive N25billion SURE-P payments

SURE P contractors receive payment

No going back on N5, 000 notes- FG

No amount of opposition by Nigerians will make the FG change its stance, minister says.

Protesters storm CBN over N5, 000 note, currency restructuring

Nigerians say the planned currency restructuring policy by the CBN is a misplaced priority.