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  • NSE All-Share Index drops 186.2 points

    Equity transactions on the Nigerian Stock Exchange (NSE) closed on Wednesday on negative note with the All-Share Index dropping marginally by 186.2 points. The News Agency of Nigeria (NAN) reports that Index dropped by 0.45 per cent...

    • Posted February 5, 2014
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  • Agency fines Shell N800bn for Bonga oil spill

    The National Oil Spill Detection and Response Agency (NOSDRA) has imposed five billion dollar fine (about N800bn) on Shell Petroleum and Development Company (SPDC) for the 2011 Bonga oil spill incident. The Director-General, Mr Peter Idabor, said...

    • Posted February 5, 2014
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  • JTF dissociates itself from advert on sales of petroleum products

    The Joint Task Force (JTF) in the Niger Delta on Tuesday in Yenagoa dissociated itself from a newspaper advertorial on purported sales of petroleum products. A newspaper advert in two national dailies on Jan. 28 and 31,...

    • Posted February 5, 2014
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  • Free 100,000 .ng domain names to commence operation in 2nd quarter

    The President of the Nigeria Internet Registration Association (NIRA), Mrs Mary Uduma, on Tuesday said that free Nigerian domain names would be offered to interested citizens in the second quarter of 2014. Nigeria’s peculiar Internet domain name,...

    • Posted February 5, 2014
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  • Power outages: Bear with us – NDPHC begs Nigerians

    The Federal Government on Monday appealed to Nigerians currently experiencing epileptic power supply in many parts of the country to bear with it while it worked hard to fix the problem. The Managing Director, Niger Delta Power...

    • Posted February 5, 2014
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  • Microsoft appoints Satya Nadella as new CEO

    Microsoft Corp, Tuesday,  announced that its Board of Directors has appointed Satya Nadella as Chief Executive Officer and member of the Board of Directors effective immediately. This is even Bill Gates steps up to new role as...

    • Posted February 5, 2014
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  • 16 days crude sales enough to build a refinery – PENGASSAN

    Oil workers, under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, have expressed concern over the inability of the Federal Government to build additional refineries over the years, saying Nigeria’s crude output...

    • Posted February 5, 2014
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  • IPMAN dispels fuel scarcity rumour

    The Independent Petroleum Marketers Association of Nigeria has advised members of the public to avoid panic buying of petrol, saying there is enough fuel in the country. The National President, IPMAN, Mr. Aminu Abdulkadri, said this during...

    • Posted February 5, 2014
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  • FG seeks financiers for power firms

    Disturbed by the inability of most investors in the recently privatised power generation and distribution firms to raise funds to run the operations of the plants, President Goodluck Jonathan has directed Vice-President Namadi Sambo to convene a...

    • Posted February 5, 2014
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  • Guaranty Trust Bank begins Kenya operations

    Guaranty Trust Bank will open its outlets over the weekend and even deliver cash at home for Kenyan depositors, its chief executive said. The bank is aiming to win market share in one of the toughest markets...

    • Posted February 5, 2014
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  • $20bn crude sales by NNPC not in Federation Account – Sanusi

    The Central Bank of Nigeria Governor, Mr. Lamido Sanusi, on Tuesday raised a fresh alarm that the Nigerian National Petroleum Corporation had yet to repatriate to the Federation Account, a sum of $20bn out of the $67bn...

    • Posted February 5, 2014
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  • Oando awaits approval for $1.55bn ConocoPhillips acquisition

    Oando Plc, an indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchanges, says it has met all the financial considerations for the acquisition of the $1.55bn ConocoPhillips’ Nigerian assets. The company, in a statement...

    • Posted February 4, 2014
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  • 5 African start-ups to get grants from Microsoft 4Africa

    Committed to helping Africa improve its global competitiveness, the software giant, Microsoft Corp. has said that five African startups from Nigeria, Uganda and Kenya will get innovation grants designed to provide the financial support needed to cross...

    • Posted February 4, 2014
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  • Shortage of low currency denominations hits small businesses

    The shortage of lower denominations of the nation’s currency in circulation has impacted negatively on small businesses in Port Harcourt, the News Agency of Nigeria (NAN) reports. Investigations by NAN in Port Harcourt shows that N20, N50 and N100 denominations were in short supply. The investigation shows...

    • Posted February 4, 2014
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