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The Federal Government has reached agreement with the World Bank Group and other development partners for the release of 1.3 billion dollars for the take-off Read more
A Japanese technology firm with global recognition, Canon, has unveiled plans aimed at revolutionalising the Nigerian photography market. With a 41 per cent global market Read more
The over two years of oil price crisis has cost the Organisation of the Petroleum Exporting Countries (OPEC) more than $1 trillion in losses and Read more
With 30 percent broadband penetration target by 2018, the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has revealed that Nigeria Read more
Fifty customers owe commercial banks the sum of N5.23tn, representing 33.4 per cent of the total private sector credit exposure of N15.68tn, the Central Bank Read more
The various strategic plans aimed at enhancing the Revenue collecting capacity of Tincan Island Port in Lagos continues to show positive signals with the collection Read more
International and local companies, as well as politicians in Nigeria, have started lobbying the Federal Government in a bid to take over the management of Read more
LONDON, Oct 7 (Reuters) – Nigeria’s planned November oil loading programme shows the highest exports since January, plans compiled by Reuters showed on Friday, as Read more
LAGOS Oct 7 (Reuters) – Nigeria’s central bank has sold about 283 billion naira ($877.11 million) worth of treasury bills to mop up liquidity, driving Read more
Oct 7 (Reuters) – Great Nigeria Insurance Plc : * Says on Sept. 21, 2.87 billion units representing 75% equity shareholding of Great Nigeria Insurance Read more
The Ghanaian government has announced that it has started exporting fuel and gas oil to Nigeria, Benin Republic, Burkina Faso, Niger and Mali from the Read more
By Solomon Asowata Travelex, a global foreign exchange dealer, on Friday resumed sale of dollars directly to travelers at N356 to a dollar. The News Read more
JOHANNESBURG (Reuters) – South Africa’s net foreign reserves rose to $41.953 billion in September from $40.795 billion the previous month, the Reserve Bank said on Read more
Asset Management Corporation of Nigeria (AMCON) has been ordered to pay Capital Oil and Gas Limited the sum of N26bn as contained in the consent Read more
US presidential candidate Donald Trump has pledged to bring long lost American manufacturing jobs back from China. But he may be too late — even Read more
McDonald’s is nearing a deal to sell 20-year franchise rights for its Singapore and Malaysia outlets to Saudi Arabia’s Reza group, in a transaction estimated Read more
(Adds detail on loan facility) By Chijioke Ohuocha and Martinne Geller ABUJA/LONDON Oct 5 (Reuters) – Diageo has scrapped plans to lift its stake in Read more
National carrier, Globacom, yesterday launched a world-class mobile 4G Long Term Evolution (LTE) network which it said will cover the entire country. Subscribers in key Read more
Chinese phone company, Tecno, whose business has entered its 10th year the Middle East and African markets, has informed of plans to set up a Read more
(Adds details on non-OPEC) CARACAS Oct 4 (Reuters) – Participation by non-OPEC countries in a deal to stabilize oil prices would remove a total of Read more
By Ulf Laessing LONDON Oct 3 (Reuters) – U.S. industrial firm General Electric plans to invest around $150 million in Nigeria by 2017, a senior Read more
By Tetsushi Kajimoto TOKYO – Japan’s small firms, many of which are “mom-and-pop” operations, are dying out as their aging owners struggle to find successors, Read more
MADRID: Amancio Ortega, Europe’s richest man and founder of global fashion group and Zara owner Inditex , has bought one of Madrid’s most famous skyscrapers Read more
The Federal High Court in Lagos has heard that a multinational oil company, Total E&P Nigeria, shortchanged Nigeria to the tune of N74billion. The Federal Read more
Lagos — Nigerian company, Egbin Power Plc, has expressed interest to invest 630 million US Dollars (about 1.4trn/-) in construction of a natural gasfired power Read more
Kenya and Uganda are set to position East Africa as the next oil development frontier, Bloomberg Intelligence has said. The note based the findings on Read more
The Geothermal Development Company (GDC) broke the loss making streak to post Sh1.6 billion net profit in the full year ending June 2015 after inking Read more
“Mastercard says that its study revealed that over 90 percent of consumers report using their smartphones more than any other devices…” Mastercard has issued the Read more
The Association of Telecommunications Companies of Nigeria (ATCON) said it is supporting the Nigerian Communications Commission (NCC) and Office for Nigeria Content Development in ICT Read more
FORMER National President of the Nigerian Trawler Owners Association, NITOA, Margaret Orakwusi, has accused Nigerian banks of not encouraging investment in the shipping industry through Read more
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