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  • Sinopec set to acquire Afren’s $1bn assets

    China Petrochemical Corporation, Sinopec, has announced plans to acquire Afren Plc’s assets valued at N157 billion ($1 billion) in Nigeria and other part of the globe. According to a source who asked not to be named, Sinopec...

    • Posted February 2, 2013
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  • Saraki says N8bn fines FG slapped on Shell, Chevron is unconstitutional

    Chairman, Senate Committee on Environment, Mr. Bukola Saraki has declared as unlawful and unconstitutional, the $8 billion fines being sought by the Federal Government of Nigeria against Royal Dutch Shell and Chevron for oil spills in the...

    • Posted February 2, 2013
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  • Faulty credit system is killing SMEs, local manufacturers – Okeke

    Over the years, investigation had revealed that apart from the epileptic power supply that has affected business operations at every level in this country, poor credit facility has been a major challenge of local manufacturers. In this...

    • Posted February 2, 2013
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  • iROKOtv to launch Nollywood Mobile App on Nokia Lumia

    Streaming ‘Nollywood’ movie service iROKOtv has announced that it is partnering with Nokia to launch the Nigerian company’s first mobile app, exclusively on the Windows Phone platform on its Lumia range. The deal is a way of...

    • Posted February 1, 2013
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  • Mastercard, Interswitch set to reward Nigerian consumers

    Nigerian shoppers who make cashless purchases at merchant locations with Verve Card and MasterCard at designated shopping outlets that are Reward Money enabled, or through a point of sale (PoS) are to get instant rewards. This is...

    • Posted February 1, 2013
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  • Nigeria parleys with Canada on stronger economic ties

    Nigeria and Canada have resolved to strengthen trade and investment ties between both countries by leveraging on areas of competitive and comparative advantage. The two countries also agreed on strategies to double the volume of trade between...

    • Posted February 1, 2013
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  • Nigeria’s domestic debt rises to N6.54trillion

    The Federal Government borrowed a total of N914.69bn from domestic sources in the last one year, bringing its total domestic debts to N6.54tn, information made available by the Debt Management Office has shown. Statistics posted on the...

    • Posted February 1, 2013
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  • Delta suspends e-payment of salaries

    The Delta Government announced on Thursday the suspension of e-payment of workers’ salaries with effect from January. The Governor, Dr Emmanuel, said the measure was part of efforts to check the problem of ghost workers in the...

    • Posted February 1, 2013
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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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