In what appears to be a response to pressure from the Ogun State Governor, Ibikunle Amosun, the President has indicated that he may revoke the road concession agreement granted to Wale Babalakin’s Bi-Courtney. Speaking at the commissioning...

Spain’s biggest soccer teams, Barcelona and Real Madrid, are beginning to leave their rivals behind in the sport’s money race. Real Madrid saw its revenues rise by just more than 9% to €480 million ($637 million) in...

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have issued a strike notice to the government of Rivers State, threatening to halt oil and gas processes in Rivers and nine other states including Abia,...

The Justice Oguntade led panel instituted by the Nigeria Civil Aviation Authority (NCAA) to determine the veracity of the $235 million fine imposed on British Airways and Virgin Atlantic for price fixing and exorbitant Passenger Fuel Surcharges...

Following the recent revelations concerning the nature of the Department of Petroleum Resources (DPR) N30 billion compensation budget, senior members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have sought to justify the...

The Federal Government has revealed it is seeking US$600 million or N 93 billion in fresh loans from the Islamic Development Bank (IDB). The loans are to be applied to developmental projects in the country especially centered...

Selling pressure contributed to ensuring the market continued its downward spiral for the third consecutive day in a row. The Nigerian Stock Exchange shed 0.3% in today’s trading causing the All Share Index to settle at 20,631.38....

International Breweries Plc released its Q3, 2011 results on the floor of the Exchange today reporting a net income that was up by 598% from the same period last year. The company had recorded a loss of...

Following are comments by Nigerian Agriculture Minister Akinwumi Ayo Adesina made at the “Feeding the World” meeting organized by Economist Conferences in Geneva yesterday. “The potential is there, but you can’t eat it. Agriculture is not a...

Singaporean based Olam International disclosed to regulatory authorities in Singapore that is has acquired Nigerian based Titanium Holdings for US$ 167 million or NGN 26.7 billion. Titanium Holdings is Nigeria’s largest biscuit and sweets manufacturer controlling about...