BUSINESS
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NNPC threatens hoarders, blames elections for fuel scarcity
The Nigerian National Petroleum Corporation has blamed the prolonged fuel scarcity experienced in Kaduna and Nasarawa states and the…
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Nokia to buy Alcatel-Lucent for $16.6 billion
According to Reuters, Nokia is to buy Alcatel-Lucent in an all-share deal that values its smaller French rival at 15.6…
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Nigeria In Talks With Russia To Build Nuclear Power Plants
Nigeria is in talks with Russia’s state-owned Rosatom to build nuclear power plants in the country. “We have an intergovernmental…
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Diamond Bank Carries out Mass Retrenchment of Workers
The economic downturn in the country, coupled with the difficult regulatory climate, seems to be taking its toll on the…
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Pepsi replaces Coke as NBA sponsor, ending 28-year partnership
Coca-Cola and the NBA (National Basketball Association) have ended their 28-year marketing partnership, with rival Pepsi taking over sponsorship of…
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Crude oil sells above $58 on Tuesday
Crude oil rose on Tuesday after a forecast that U.S. shale oil output would record its first monthly decline in…
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NATCOM completes payment for NITEL
The eventual winner of the bid for Nigeria’s moribund national telecoms company, NATCOM Consortium, has paid the outstanding sum of…
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CBN to Publish Names of Chronic Bank Debtors
In a bid to alleviate the pressures on the economy, the Central Bank of Nigeria has said it’ll ban…
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DStv shuns court order, Increases Subscription Fees
Multichoice Nigeria, the operator of DSTV, has ignored the court order halting its hike in subscription fees and has gone…
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Court Restrains DSTV from Increasing Subscription Fees
A Federal High Court sitting in Lagos has restrained MultiChoice Nigeria Limited, operators of the Digital Satellite Television…
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