Capital oil boss, Ifeanyi Uba, to remain in detention, court rules

A Federal High Court in Lagos on Monday struck out a bail application filed by Ifeanyi Uba, the CEO, Capital Oil and Gas, and four others charged with N43.29 billion fuel subsidy fraud. Others charged with Mr. Uba are Nsika Usoro, Godfrey Okorie, Chibuzor Ogbuokiri, and Joseph Orji, all employees of the Capital Oil and […]

Finance experts urge mobile money providers to re-strategise

The CBN is making efforts to make mobile money payments popular.

Stock Exchange adds to Market Making stocks

Market Makers now have 28 stocks they can act on.

Telecommunication companies want more role in mobile money

The Telcos said the present arrangement is not fait to them.

September inflation rate drops to 11.3 per cent

The statistics Bureau said urban inflation rate is higher than that in rural areas.

President Goodluck Jonathan

Government to earn N329billion from sale of PHCN successor companies

The sale of the  Power Holding Company of Nigeria, PHCN, successor distribution companies is to fetch the Federal Government more than N197.25billion in revenue. The formal bids opening for 10 of the 11 PHCN successor companies slated for privatization were successfully held Tuesday in Abuja by the Bureau of Public Enterprises, BPE. The bid for […]

A power station used to illustrate the story

‘Abubakar’s firm’ emerges tops in bids for four power distribution companies

The guidelines prevent one company from acquiring more than two distribution companies.

Abdusalam Abubakar, Tinubu, Otudeko battle for Eko Distribution Company as BPE opens bids

Bids are to be opened for 11 distribution companies

Skye Bank, UBA release 2012 results for first 9 months

Both banks declared a better result for 3rd quarter of 2012 than that of 2011.

Finance Minister, Ngozi Okonjo-Iweala

Benchmark crude price best at $75, Okonjo-Iweala insists

The finance minister said anything above the $75 could hurt the economy

Flood threatens Nigeria’s hope of rice self-sufficiency

As floods continue to wreck havoc in several States of Nigeria, destroying farmlands growing rice, maize and other crops, reports of damages pouring from all parts of the country point to a severe destruction of agricultural areas, prompting fears of imminent food insecurity. A report compiled by a group of journalists in Abuja who toured […]

Excess Crude Account rises from increased crude sales

Nigeria earned more from crude sales in September.

PPPRA set to issue fourth quarter fuel imports permit

The permit will ensure the stability of fuel supply during the yuletide.

CBN seeks collaboration for success of cashless Nigeria

CBN says everyone will benefit from the cashless policy.

Funds movement behind capital market stability, says operators

Nigeria’s capital market has been stable in recent times.

Nigerian cooking gas, most costly in the world- Gas Association boss

Federal Government policies are stifling growth in natural gas sector

CBN’s lending rate strangling private sector

The private sector suffers from CBN’S high lending rate.

Oil workers threaten strike over killing of members by vandals

PENGASSAN accuse petroleum minister of being insensitive over the plight of oil workers.

Voters card now sufficient for bank identification- CBN

The voters’ registration cards will now become an acceptable form of identification in banking halls.

Oscar Onyema

Tell truth about your operations – NSE boss charges companies

The NSE boss says organizations should endeavor to publish the information the public needs to know.

Econet Wireless logo

Airtel ownership controversy/ Court dismisses Bharty Airtel’s application

ECONET wireless maintains that its stakes were unfairly cancelled when Zain took over in 2005

NITEL workers seal head office, protest non-payment of 10 months salary

The NITEL workers are asking for full payment of their 10 month salary arrears.


Reps want Abuja Sheraton Hotel’s post-acquisition plan revised

Sheraton hoteliers say they have put in place measures to bring the services of the hotel to international standards.

Landlord docked for removing roof of tenant’s house

A Lagos landlord has been docked for allegedly removing the roof of his tenants abode.


Price of garri goes up in Mararaba

The persistent rainfalls around the country is causing food price hike.