The NSE advanced 33 points today buoyed by the bullish performance of the Food and Beverages sub-sector. Dangote subsidiaries led the sector as the Sugar, Flour and Salt arms of the formidable conglomerate gained 4.94%, 4.35% and...

Reports from Shell that it has largely cleaned up the 40,000 barrels oil spill in the Bonga Oil field has been refuted by senior government officials including the Governor of Delta State, Emmanuel Uduaghan and the Director...

Even as the Nigerian Labour Unions, including the Oil and Gas workers union, PENGASSAN and NUPENG, have pledged to embark on a strike on Monday that will cripple economic activities in the country, many oil and gas...

The website of the Federal Ministry of Transportation has been hacked this morning by a group identifying themselves as “Naija Cyber Hactivists”. The group left this message on the home page, “Greetings Nigerian Government, We are Naija Cyber...

The Air Transport Services Senior Staff Association of Nigeria (ATSSAN), the Nation Union of Air Transport Employee (NUATE) the National Association of Aircraft Pilots and Engineer (NAAPE) have notified their members to withdraw their services at midnight...

International ratings agency  Standard & Poor’s have reviewed the ratings for three top-tier Nigerian banks.First Bank, Zenith Bank and GTBank have had their outlook ratings upgraded from stable to positive. The ratings agency has also confirmed the...

The Nigerian Bar Association has stated in categorical terms that it stands with the people against government’s decision on fuel subsidy withdrawal. The apex body for the law profession has also called on the National Assembly to...

Editor’s note: This post is written by Dr Reuben Abati, spokesman for President Goodluck Jonathan. Post was  earlier published in March 01, 2009, he is now in support of the fuel subsidy removal and apologizes for his rant below. he has since...

The Nigerian Stock Exchange recorded a positive performance for the first time this year today. The bourse inched up 11 points to close at 20,657. Top gainers today were Honeywell(4.96%), Custodian (4.93%), Dangote Flour(4.93%), Fidson(4.65%) and May...

Bagco Nigeria Plc has notified The Exchange of the appointment of Messrs. Olukorede Okusanya as Company Secretary / Director and Thanasis Mazarakis as Non-Executive Director. Okusanya has an Upper Credit (HND) in Accounting from Ondo State Polytechnic,...