Latest News

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  Aviation Minister, Stella Oduah, Accused of Grand Corruption by Arik

  Whatsoever a man soweth, that will he reap, says the ancient biblical proverb. According to allegations brought forward by Arik Airlines management, the minister of Aviation may not be privy to the ancient text. The minister of...

  • Posted September 21, 2012
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  Honeywell Flour’s Earnings Top N10.7 billion in Q1, 2012 Result

  Honeywell flour transmitted its Q1, 2012 result to the floor of the Nigerian Stock Exchange earlier this week. The company reported headline revenue of N10.7 billion, up 15% from N9.3 billion recorded over the first quarter of...

  • Posted September 21, 2012
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  N5000 Note: Jonathan Bursts Sanusi’s Bubble

  Pressure from the National Assembly has forced President Jonathan to cave in on the Central bank of Nigeria’s currency restructuring project leading to the scrapping of the plans for the proposed N5,000 note. Special adviser to the...

  • Posted September 21, 2012
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  “Bill Gates and Warren Buffet inspired me to become a philanthropist” – Dangote [VIDEO]

  Aliko Dangote is the richest man in Nigeria and Africa, but in the past, part of the criticism against him was that he made so much money and gave so little back to society. They compared him...

  • Posted September 20, 2012
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  Forbes Top 10 Most Innovative Companies in Africa: Iroko TV, MTN, Nandos make list

  Forbes has presented its list of the Top 10 Innovative Companies in Africa. The only Nigerian company that made the list is Jason Njoku‘s Iroko TV. Also on the list are telecommunications giants, MTN & Econet. Food...

  • Posted September 20, 2012
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  Nigeria’s economic policy is ‘failing’, two in five Nigerian youth unemployed – UN

  Although Nigeria witnessed robust economic growth in 2011, it is still enmeshed in poverty. In what appears an indictment of the President Goodluck Jonathan’s administration, the United Nations, has released a report saying Nigeria’s unemployment rate has...

  • Posted September 20, 2012
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  “Information Technology, a panacea to Bank Fraud in Nigeria” – CBN Director

  The Central Bank of Nigeria (CBN) has made available an insight into how banks can prevent fraudulent practices, by means of the information and technology (IT) methods. CBN Director, Banking regulation, Mrs Olatokunbo Martins, who spoke on...

  • Posted September 20, 2012
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  Fuel depot owners warn federal government as NIMASA, Intergrated Oil feud lingers

  The Jetties and Petroleum Tank Farm Owners of Nigeria (JEPTFON) has advised the Federal Government of Nigeria to swiftly determine the persistent dispute between the Nigerian Maritime Administration and Safety Agency (NIMASA) and Integrated Oil and Gas...

  • Posted September 20, 2012
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  Arik Air suspends domestic operations

  Nigeria’s largest local carrier, Arik Air, Thursday morning announced that it is suspending all its domestic operations indefinitely over the “persistent hostility of the Ministry of Aviation and Federal Airport Authority of Nigeria (FAAN) management.” Arik airs...

  • Posted September 20, 2012
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  New Sugar Master Plan might attract over $1Billion in both local, foreign direct investments

  The Federal Government has approved a New Sugar Master Plan, NSMP, which might attract over $1 billion in both local and foreign direct investments and create over 107 thousand directs jobs locally in the next 10 years....

  • Posted September 20, 2012
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  Oil Drops a Fourth Day on China Manufacturing, Rising Stockpiles

  Oil dropped for a fourth day in New York after a Chinese-manufacturing gauge contracted and U.S. data showed stockpiles climbed the most since March, signaling an easing of fuel demand in the world’s biggest crude users. Futures fell as...

  • Posted September 20, 2012
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  Air Nigeria Refuses to Refund Customers

  According to News Agency of Nigeria, some of the customers  said the management of the airline is yet to refund their money and that they were asked to contact the head office of the airline in Lagos....

  • Posted September 20, 2012
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  Microsoft Nigeria gives partners a closer look at Office 365

  Microsoft Nigeria gave partners a closer look at Microsoft Office 365, the company’s next-generation cloud productivity service for businesses of all sizes in Nigeria, at an event held at its offices in Lagos today. Office 365 was...

  • Posted September 20, 2012
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  No Going Back on N5000 Note – FG

  The Federal Minister of Information, Labran Maku, has said that the Federal Government would not be rescinding its decision on the currency restructuring policy which includes the controversial issuance of the N5000 note. Minister of Information, Mr...

  • Posted September 20, 2012
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