BUSINESS
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South African investor buys more Zenith, Access shares
Allan Gray Ltd., the largest manager of non-government investment funds in Africa, has increased its stake in Nigerian Zenith and…
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Oil prices fall on concerns over Iraq, US
Oil prices dipped on Wednesday over concerns that OPEC producers would not be able to maintain their high compliance so…
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US government to invest $1b into Nigeria’s power sector
Power Africa, an initiative by the US government to light up Africa, on Tuesday said it was planning to invest…
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Bad money chases away good money, Says Former CBN Dep Governor
A former Deputy Governor of Central Bank of Nigeria (CBN), Dr. Obadiah Mailafia, has disclosed that twenty per cent of…
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Arik Air appoints KPMG to Undertake Forensic Audit of its finances
The media consultant to the Asset Management Corporation of Nigeria (AMCON), through a statement issued by Simon Tumba of SY&T…
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Aero contractors set to resume flights, appoints new CEO
Aero Contractors, Nigeria’s oldest private airline will soon be back in operation. Its new owners, the Assets Management Company of…
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New Tomato Paste Factory Set to Open In Kastina
Katsina State government has awarded a N500 million contract for a Tomato Paste Processing Plant at Kokami Village, Danja Local…
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Governor Ambode Sanctions Increase In BRT & LAGBUS Fares
The Lagos State Governor, Akinwunmi Ambode, has approved fare increase for Bus Rapid Transit (BRT) and LAGBUS and this change…
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Angola overtakes Nigeria as Africa’s largest oil producer for the 3rd time in 10 months,
Angola has risen higher than Nigeria to become the largest oil producer on the African continent. Despite perceived growth in…
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DPR seals 27 filling stations in Akwa Ibom
The Department of Petroleum Resources (DPR), Eket field office, said it sealed 27 filling stations for selling above government’s approved…
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