Latest News
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Dangote reopens Gboko Cement Plant
Management of Dangote Cement Plc has announced the reopening of its Gboko Cement Plant in Benue State. The factory which is to operate at half capacity was closed down last year as a result of the glut...
- Posted February 1, 2013
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House of the Week: 6 units of 2 bedroom flats in Dutse, Abuja
Our property of the week, is this exquisitely finished property located at Louis Court Estate in Dutse, Abuja. The property consists of 6 units of 2 bedroom flats, which are selling for N12 Million Naira each. This...
- Posted January 31, 2013
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European Investment Bank ready to invest in Nigeria’s power sector
The European Investment Bank (EIB) is interested in investing in Nigeria’s power sector, Rogr Kelly, an official of the bank, said on Wednesday in Abuja. He said this when he led a delegation from the bank on...
- Posted January 31, 2013
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Capcom eyeing acquisition of Zoom, Intercellular networks
Following the smooth acquisition of Starcomms, Multi-links and MTS First Wireless, there are strong indications that Capcom Limited is also considering the acquisition of Zoom Mobile and Intercellular. While Capcom awaits SEC’s approval to enable it merge...
- Posted January 31, 2013
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Ikeazor appointed Keystone Bank MD/CEO
Another change is imminent in Keystone Bank Limited as the current Executive Director, Corporate and International/Investment Banking and Treasury, Union Bank of Nigeria Plc, Mr. Philip Ikeazor, has been appointed the substantive Managing Director/Chief Executive Officer (CEO)...
- Posted January 31, 2013
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Interswitch poised for expansion in Africa
Considering the phenomenal and remarkable growth of Mobile technology and the accelerated activities of the Information technology sector in the dark continent of ‘Africa’, Mobile integrated systems network ‘Interswitch’ says it is ready to expand its network...
- Posted January 31, 2013
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Star Times unveils M50 mobile TV phone
Innovative Pay Tv Group, Star Times, with a view to influencing and driving the Nigerian market has come out with a new superb mobile TV phone called the ‘M50’ designed to give more value to its customers...
- Posted January 31, 2013
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Work begins on Oshodi-Apapa Expressway
Julius Berger Nigeria Plc said on Tuesday in Lagos that it would move to site for the second phase of the Oshodi-Apapa Expressway in the first week of February. An authoritative source with the company said that...
- Posted January 30, 2013
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Dutch Court orders Shell Nigeria to pay damages for oil spills
A Dutch court on Wednesday rejected a bid by a group of Nigerian farmers to have Shell’s parent company held responsible for oil damage, saying only subsidiary Shell Nigeria was responsible for one oil leak. The court...
- Posted January 30, 2013
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Oando’s rigs drill for three years without loss time
Oando Energy Services Limited, Nigeria’’s leading indigenous provider of swamp drilling rigs services and a subsidiary of Oando Plc, has announced that the OES Teamwork, one its four rigs, has recorded a safety milestone of three years...
- Posted January 30, 2013
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Excess crude account: Jonathan bows to pressure, releases $1billion
President Goodluck Jonathan has succumbed to pressure from state governors to share accruals into the Excess Crude Account, ECA, with the approval of the disbursement of $1bn to the 36 states and the Federal Capital Territory, FCT....
- Posted January 30, 2013
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BlackBerry Z10, Q10 announced [Photos]
RIM has officially announced it’s first BlackBerry 10 devices. See Photos:
- Posted January 30, 2013
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BFIG set for showdown with RUSAL over $502 million compensation for ALSCON
The battle over what should be one of the Biggest Aluminium Smelter Companies in the Nation continues this time in a different level of ownership and compensation between a Russian Group, RUSAL and an American Group BFIG....
- Posted January 30, 2013
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Ministers of Finance, Trade and Investment, Environment to brief FEC today
The Minister of Finance, Dr. Ngozi Okonjo-Iweala, the Minister of Trade and Investment, Olusegun Aganga and the Environment Minister, Hajia Hadiza Mailafia are to brief the Federal Executive Council (FEC) meeting today. It was gathered that the...
- Posted January 30, 2013