23 May 2013, 12:57
The lure of sub-saharan Africa is tempting cash-rich Gulf Arab bond investors to look south, a marked departure from the relative comfort and familiarity of the Middle East.
23 May 2013, 12:02
Nigeria has unveiled plans to invest N437 billion (about US$250 million) to increase power generation of the state grid, a senior government minister has said.
23 May 2013, 10:02
The President of the Dangote Group, Aliko Dangote, said that the company would soon establish a sugar cane plantation in Kebbi.
23 May 2013, 09:08
Firstrand, a South African financial services provider, has expressed interest in acquiring Nigeria's two nationalised banks.
23 May 2013, 07:42
With US treasuries now paying so little, investors are putting their money in Africa with several stock markets on the continent seeing huge returns this year.
22 May 2013, 17:12
Since getting independence from Britain in 1960, Nigeria has played a major role in politics in the African continent.
22 May 2013, 16:07
The Lagos State Internal Revenue Service (LIRS) sealed an oil and gas exploration firm, NestOil Plc, for allegedly assaulting its tax law officers.
22 May 2013, 16:07
Zimbabwean-based pan-African technology company, Twenty Third Century Systems (TTCS) has expanded to Nigeria and Ghana.
22 May 2013, 14:10
The Central Bank of Nigeria (CBN) has retained the lending rate at 12 per cent, the Governor, Malam Sanusi Lamido Sanusi, said.
22 May 2013, 12:07
One of Nigeria's leading telecommunications company, Etisalat Nigeria, has signed a $1.2 billion medium term loan facility to finance its network expansion plans.
22 May 2013, 10:08
The World Bank in Asaba has deplored the implementation of its projects in Nigeria, saying it was at a slow pace.
22 May 2013, 09:20
Banks in Nigeria have been urged to fund infrastructural development in Africa so the continent can stop depending on the West.
22 May 2013, 08:19
A Federal High Court in Lagos has ordered Air Nigeria to pay N5 million to one Mr Hakeem Ogunniran as damages for cancelling his flight from Nigeria to South Africa.
21 May 2013, 17:44
Some shareholder groups said that they boycotted a meeting called by the SEC to resolve issues on the e-dividend payment.
21 May 2013, 17:04
A crop disease known as ``Pepper and tomato dieback'' has destroyed hundreds of hectares in the various irrigation fields in Katsina State.
21 May 2013, 16:00
Oil brought riches to Nigeria but also ravaged its economy and fuelled corruption. Now Ghana has begun production and wants to take the wealth but dodge the oil curse.
21 May 2013, 15:38
MTN has outshone other brands such as KFC, Woolworths and Volkswagen to slot in at No 79 in a prestigious global brands survey.
21 May 2013, 13:04
Arik Air is planning to increase its fleet and increase international destinations, an official has said.
21 May 2013, 12:07
The Federal Government has set up a committee to look into the demands of labour unions in the aviation sector.
21 May 2013, 10:06
The House of Reps has threatened to issue a bench warrant against chief executive officer of banks who fail to appear before it over failure to render account on tax remittances.
21 May 2013, 08:34
The newly inaugurated Nigerian-Turkish Chamber of Commerce said it would woo investors to the industrial and agricultural sectors of the nation's economy.
21 May 2013, 08:28
Oil was up in Asian trade ahead of a testimony in Congress by Federal Reserve chief Ben Bernanke on the US economy.
20 May 2013, 17:46
The Ikarama Community in Bayelsa has disagreed with the Shell Petroleum over the cause of the reported oil spills from nearby oil wells.
20 May 2013, 17:04
Nigeria will increase the amount it borrows overseas to around 40 percent of all debt over the next three to five years, from 12 percent currently, to lower its funding costs.
20 May 2013, 16:39
Brent crude oil held above 104 dollars per barrel supported by strong equity markets and a slightly lower dollar.