What Really Happened To Skye Bank

CBN Sacks Skye Bank Board, Management The Central Bank of Nigeria on Monday sacked the board and management team of troubled listed com...

NNPC Didn’t Remit $25bn To Nigeria During Jonathan's Tenure

NNPC Towers, Abuja Nigeria’s state oil company failed to remit 4.9 trillion naira ($25 billion) to the public purse between January 2011...

Niger Delta: Go Back To Site Or Face Wrath Of EFCC, Nigerian Senate Orders Contractors

Nigerian Senate  All contractors who abandoned some projects of the Niger Delta Development Commission (NDDC) in Imo State after being p...

CBN N50 Stamp Duty: 10 Things You Must Understand About It

Many Nigerians don't really know the motives and concept of stamp duty of N50 charge on every transaction from N1,000. that was just ...

Ifeanyi Ubah to FG: ‘Consult Me And I’ll Bring Dollar Back To N200 In One Month’

The business mogul and Chairman of Capital oil, Ifeanyi Ubah, has promised to restore the glory of Nigeria currency if given a chance. He al...

AMCON Offers Keystone Bank For Sale

A branch of Keystone Bank Nigeria’s state-backed “bad bank” AMCON said on Monday it was seeking prospective investors to buy Keystone ...

Coca-Cola Acquires 40% Stake In Chivita

    The Coca-Cola Company is now a shareholder of the holding company of Chi Limited, Tropical General Investments Group. Both companie...

Court Orders Stanbic IBTC To Pay N4.5b Compensation

Akin Kuponiyi Mrs Sola David- Borha, Stanbic IBTC boss A Federal High Court sitting in Lagos has ordered Stanbic IBTC Bank Plc to pa...

Egbin Power Plant Now Produces 1,100 MW

Egbin Power Plant: now produces 1,100 MW Mr Dallas Peavey, Managing Director of KEPCO Energy Resource Limited (KERL), says the company...

MTNagain: Uganda Slams MTN $622,000 Fine

Can we say it is the season of "bad-luck" for the giant network provider - MTN? It is not only in Nigeria that MTN has run ...

Kachikwu Orders DPR To Auction Petrol Hoarded In Stations

Dr. Ibe Kachikwu  The Minister of State for Petroleum, Dr Ibe Kachikwu, has directed the Department of Petroleum Resources, DPR not to...

OPC Forecasts Supply Glut Decline Next Year

OPEC said its oil output fell in October and forecast supply from rival producers next year would decline for the first time since 2007 a...

Why Electricity Tariff Must Go Up, Says Osinbajo

Until there is stability in the power sector, electricity tariffs cannot remain at the levels they are at present,  Vice President Prof. ...

Oil Prices Heading To $36

*Oil Prices Heading To $36, Brent now $43 Although oil prices stabilized in Asia  today after having plunged more than 6 percent on Mon...

Power Firms Should Stop Fixed Charges, Senate Tells NERC

Senate orders NERC to stop DISCOs from collecting fixed charges from consumers Nigeria’s senate has directed the National Electricity...

FG Awards Licences For Establishment Of 12 Auto Assembly Plants - NAN

The Federal Government through the National Automotive Design and Development Council (NADDC) has awarded licences for the establishment ...

Dangote Triggers Panic In Germany

Nigerian Business Mogul, Alhaji Aliko Dangote Africa’s richest man’s interest in Italian cement maker makes German company rush to buy i...

Diversification: Julius Berger Goes Into Power Sector

Julius Berger staff at work Mr Detliev Lubasch, the Managing Director of Julius Berger, a major construction company in Nigeria, sai...

Buhari Launches Probes On Crude Oil Swap Contracts

Nigerian investigators suspect big fraud in the crude oil swap contracts President Muhammadu Buhari’s administration has launched an inv...

Why National Theatre Not Sold Yet

t The General Manager, National Theatre (NT), Mr Kabir Yusuf on Wednesday said that the complex has not been sold, as was widely rumour...