Dangote Sugar has announced its Q1 earnings. The company reported a 24% increase in sales. Turnover for the period was N26.7 billion as against the N 21 .5 billion it made over the same period last year....

Arunma Oteh did not need to consult her senior management staff at SEC in order to unilaterally approve a N 500 billion AMCON bond. Is this because she is some sort of Amazon Wonderwoman? No, she has...

German airline Lufthansa has been ordered by the Nigerian Senate to pay US$ 14.8 million or over N 2 billion to the country as damages for flouting a Bilateral Air Service Agreement (BASA) it entered into with...

The Nigerian Railway Corporation (NRC) is set to begin inter-state and inter-regional fuel haulage in the country. This development comes as the Lagos to Kano route is almost re-established. The NRC has been hauling cement inter-state (from...

Hilton Worldwide, owners of chains of luxury hotels across the world, has disclosed its plans to further deepen its partnership with Transnational Corporation of Nigeria Plc (Transcorp) to develop eight new luxury hotel facilities across Nigerian cities...

The British government has signaled it will begin to clamp down on the children of corrupt politicians in order to further hamper the activities of their parents. This disclosure was made to CNN by Detective Chief Inspector...

President Goodluck Jonathan arrived Addis Ababa, Ethiopia Wednesday for the 22nd World Economic Forum on Africa alongside seven other African Heads of States. More than 700 leaders from business, government, civil society, academia, media and the arts...

HSBC Holdings Plc (HSBA) sold two structured notes tied to Nigerian government debt, including the largest credit-linked note referencing Africa’s most populous nation since at least 1999. The two 10-month securities, one for $33.5 million and the other for...

Ryan Lance, the new chief executive officer of ConocoPhillips, on Wednesday confirmed that the U.S. exploration and production company plans to sell its Nigerian assets, but said a deal was not imminent. “We’re testing the market on...

Dangote Cement, Nigeria’s largest manufacturer just released its Q1, 2012 earnings. The company reported revenue of N 64 billion, up 17.6% from the N54.5 billion it made over the same period last year. Earnings before Interest and...