Trendy Toyota Rav 4 hits Nigerian road
Many love the Toyota brand for being the king of fuel economy among all vehicles. While rival auto companies and new vehicle manufacturers have tried to copy the fuel technology as a unique selling...
View ArticleIraq executes 21 on ‘terror’ charges
Iraq put 21 men to death on Tuesday, a senior justice ministry official told AFP, the latest in a series of mass executions that have drawn international condemnation. All of the men were Iraqis and...
View ArticleLCCI canvasses good corporate governance among members
The Lagos Chamber of Commerce and Industry has called on its members to consistently uphold good corporate governance, high ethical standards and integrity in their respective businesses. According to...
View ArticleReliance profit rises as refining margins gain
Reliance Industries, India’s most valuable company, said Tuesday its annual profit rose 4.8 per cent as improved refining margins offset lower earnings from oil and gas production, The Associated Press...
View ArticleNCAA warns foreign airlines against revenue automation violation
The Acting Director-General of the Nigerian Civil Aviation Authority, Mr. Joyce Daniel Nkemakolam, has warned foreign airlines operating into Nigeria against violating its directive on revenue...
View ArticleDana to introduce new planes in Q3
Dana Airlines has said it will introduce Boeing 737 planes into its fleet starting from the third quarter of 2013. Dana currently operates only Boeing MacDonald Douglass planes. The move is expected...
View ArticleBlacklisted AMCON debtors still get bank loans –Investigation
Indications have emerged that some billionaire debtors, who were barred by the Central Bank of Nigeria alongside their firms, directors and shareholders from securing further credit facilities from...
View ArticleDangerous cooking gas from Niger in circulation –Marketers
The Nigerian market is flooded with off-specification Liquefied Petroleum Gas (cooking gas) imported from Niger Republic, according to the Nigerian Association of LPG Marketers. Our correspondent...
View ArticlePIB: Senate seeks agency on crude oil exploration
The Senate read for the first time on Tuesday a bill seeking to remove from the Petroleum Industry Bill, the National Frontier Exploration Agency that would be responsible for prospecting for...
View ArticleUS firm fined $11.76m for bribing Nigerian officials
The United States Department of Justice on Tuesday said a publicly listed company, Parker Drilling Services, had agreed to pay an $11.76m fine for allegedly bribing Nigerian government officials from...
View ArticleFG prioritises Lagos-Ibadan Expressway, Second Niger Bridge
The Federal Government has said it will give priority to the reconstruction of the Lagos-Ibadan Expressway and the building of the Second Niger Bridge that will connect Delta and Anambra states. The...
View ArticleNigerians’ll see positive results in 2013 – Okonjo-Iweala
The Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Tuesday said that the country would start experiencing positive results from President Goodluck Jonathan’s administration. The coordinating minister...
View ArticleTelecoms subscribers spent N401bn in three months —NCC
With an Average Revenue per User of $7 (N1,090.25), the 144,492,384 active telecoms subscribers in the country spent about N401.25bn on voice calls and text messages between November last year and...
View ArticleBank of America posts lower profits
Bank of America Corporation posted a smaller-than-expected increase in quarterly profit on Wednesday as revenue in most of its businesses dropped, and the bank entered a new legal settlement linked to...
View ArticleLagos seeks energy, solid mineral investors from UK
The Lagos State Government has made known its interest in energy and solid mineral investors from the United Kingdom. Lagos State Commissioner for Energy and Mineral resources, Mr. Taofiq Tijani, who...
View ArticleTackle oil theft, vandalism, PENGASSAN urges FG
The Petroleum and Natural Gas Senior staff Association of Nigeria has urged the Federal Government to tackle oil theft and pipeline vandalism. PENGASSAN President, Mr. Babatunde Ogun, said these...
View ArticleNigeria needs 120,000MW of electricity for industrialisation –Don
Nigeria will need to generate 120,000 megawatts of electricity before it can be considered an industrialised nation, a professor of Energy Economics, Department of Economics, University of Ibadan,...
View ArticleCBN’s monetary tightening policy lowers inflation to 8.6%
The monetary tightening policy of the Central Bank of Nigeria is beginning to yield results as the country’s inflation experiences a sharp decline. Figures released by the National Bureau of Statistics...
View ArticleBrazilian, Indian equities rebound
Emerging-market stocks advanced, led by Brazilian and Indian equities, after valuations reached the lowest level versus developed markets since 2005 and falling energy prices boosted transportation...
View ArticleSouthern senators strategise for PIB passage
Senators from the southern parts of the country on Wednesday held an emergency meeting to rework their strategy in order to give the Petroleum Industry Bill a smooth sail in the Senate. The meeting,...
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