Business

New fuel price pushes inflation to 12.6 per cent in January

The removal of fuel subsidy pushes up transportation cost and inflation rate by over two percent

1,500 sacked Intercontinental Bank workers storm bank headquarters

The aggrieved staff say that Access Bank dismissed them under unusual circumstances without severance benefits

Groups blast Jonathan over handling of Niger Delta oil spills

Groups say President Jonathan's handling of the oil spill incidents in the Niger Delta fall far short of international standards

Econet wins again as tribunal orders Bharti-Airtel to pay damages

Econet wins a second time in a month in the legal battle to enforce its ownership rights to shares in Bharti-Airtel

World Bank President, Zoellick, to step down June 30

Robert Zoellick provided more than $247billion to developing countries to boost growth and overcome poverty

Stakeholders want PPPRA scrapped in new PIB

Removal of duplication of roles and functions among agencies would eliminate corruption in the industry

NDIC appoints 30 agents to recover debts in liquidated microfinance banks

NDIC debt recovery effort has so far yielded N22.26billion from 34 banks in liquidation between 2004 and December 2011

European Union offers to invest N4billion in migration project in Nigeria

The offer would help Nigeria realize the benefits of safe migration as well as combat irregular migration in the country

FIRS N4.62trillion revenue collection in 2011 highlights depth of corruption

Tax agency's non-oil taxes hits N1.51trillion

8 US companies to invest in the power sector in Nigeria

American companies seek entry into Nigeria

ACAP/Swede Control acquire Law Union & Rock Insurance

New core investor's target is to emerge one of the top five insurance industry player by 2015

Transparency not about probe panels, task forces, Asobie tells government

Former NEITI Chairman says transformation can only be meaningful if the transformers first transform themselves

Reps uncover fresh, massive subsidy fraud

Shipping company, Vitol, found to have anchored subsidy abuses for smaller companies

More than 77.3million Nigerians can

46 percent of the Nigerian population do not have access to financial services, says the CBN

London court jails Arik Air hostess for smuggling N62million worth of cocaine

Ms Ogbonnaya is to spend five years in jail

Civil society urges government to be tactical on petroleum industry law

The activists are worried government

World Bank ranks Nigeria one of world

Report shows Nigeria is still behind in creating the enabling environment to attract new business investors

Coalition demands documents on auditors

Civil society groups insists on documented evidence that the selection of two auditors for the extractive industry was transparent

Government pledges 74,000 jobs for physically challenged groups

Government says physical challenged Nigerians deserve support for their resilience in the face of enormous odds

CBN retains lending rate at 12 per cent, warns against review of 2012 budget fundamentals

Committee says slight adjustment of the benchmark price for the 2012 Appropriation Act could create serious macroeconomic crisis

Reps want fresh N120billion to resuscitate Ajaokuta Steel

Lawmakers say injecting fresh funds into the steel sector would facilitate national development

Econet Wireless logo

Econet demands immediate reinstatement of interest in Airtel

Court ruling might restore Econet Wireless in Nigeria

Nigeria LNG shopping for $1billion for shipping subsidiary

The company seeks fresh loan package to boost the export capacity of its transport subsidiary

NEITI Logo

NEITI defends auditors

Civil society groups say NEITI selection of auditors for the extractive industry contracts was not a transparent process

States to get N350billion reimbursement on federal roads

Refund of expenditure to states on federal roads would facilitate effective maintenance of the country