The Japanese International Cooperation Agency (JICA) has provided a N 2.42 billion grant to Nigeria in order to increase access to potable water in Kebbi, Niger, Taraba, Ondo and Enugu. On hand to sign the agreement were...

Albert “Jack” Stanley, the former KBR Inc. (KBR) chief executive officer, was sentenced to 2 1/2 years in prison for bribing Nigerian officials to win $6 billion in natural gas contracts for the company and its partners. U.S. District...

The Federal Government has moved to ban the importation of Cassava flour into the country in a bid to incentivize local producers of the commodity. According to a circular titled “Fiscal Policy Measures 2012” signed by Batari...

The Independent Petroleum Marketers of Nigeria (IPMAN) and the Major Oil Marketers of Nigeria (MOMAN) have blamed the reduction of fuel supply in the country on the failure of banks to provide Letters of Credit to petrol...

The Nigerian Stock Market reversed on yesterday’s losses to post a gain of 0.56% today. The All Share Index settled up at 20,426.21 even as the market capitalization swelled to N6.43 trillion. The banking sub-sector continues to...

Ondo State governor, Dr Olusegun Mimiko today signed into law, the N156 billion 2012 budget for the state. Mimiko said the “Caring Heart Budget 111” is with a major objective of completing all the on-going developmental projects...

The Senate has summoned the Minister of Finance, Dr. Ngozi Okonjo-Iweala, and her Petroleum Resources counterpart, Mrs. Diezani Alison-Madueke, over the reappearance of vehicular queues at filling stations in Abuja and other cities in the country. The...

Nigeria plans to invest $100 billion over the next five years in the development of her oil and gas reserves. This revelation was made by Austen Oniwon, the Group Managing Director of the NNPC to international media....

South African retailer Massmart sees scope for up to 20 stores in Nigeria, its chief executive said, the second business leader in as many days to talk up consumer demand in Africa’s most populous country, one where...

Economic and Financial Crimes Commission, EFCC, yesterday, accused the former Speaker of the House of Representatives, Mr. Dimeji Bankole, of using fake companies to defraud the Federal Government of N894 million while in office. EFCC told a...