NUPENG demands local govt autonomy

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has called on the Federal Government to give autonomy to the 774 local governments...

Apple considers bidding for Toshiba’s chip business: report

Apple Inc is considering teaming up with its supplier Foxconn to bid for Toshiba Corp's semiconductor business, public broadcaster NHK said on Friday -...

Nigeria promotes business environment by reducing documents for import, export

The Nigerian Government has approved a reduction in the number of documents needed for both exports and imports in furtherance of its Enabling Business...

NNPC confirms sack of officials, says replacements to be announced soon

The Nigerian National Petroleum Corporation (NNPC) on Thursday confirmed the disengagement of officials linked with missing 130 million liters of petrol. A high ranking source...

Unilever to sell margarine division to Morgan Stanley and Goldman

Anglo-Dutch consumer group Unilever has decided to work with Morgan Stanley and Goldman Sachs on the sale of its margarine and spreads business, which...

Transcorp Plc. climb to top 500 company in Africa

Transnational Corporation of Nigeria (Transcorp) was on the list of Africa’s top 500 companies recently released by The Africa Report (February 2017 issue), a...

Etisalat denies V-Exchange’s copyright claim

Etisalat Nigeria has denied the claim of patent infringement allegation leveled against it by V-Exchange Ltd. The management of V-Exchange claimed it sent a business...

Conoil, 10 other refuse to publish 2016 audit results – NSE

The Nigerian Stock Exchange (NSE) on Monday said Conoil and 10 other quoted companies have failed to file their 2016 audited results within the...

Shell disburse $1bn to firms from contractors’ support fund

Some service companies have gained from $1billion from the Contractors’ Support Fund established by Shell Companies in Nigeria supported by the Nigerian National Petroleum Corporation...

Dangote Flour Mills bounces back with N11.8 billion profit

Dangote Flour Mills (DFM) Plc appeared to have fully left the sour taste of the previous years of consecutive losses as the flour-milling company...

NPDC owes federation $5.531bn, N72.435bn, says NEITI

The Nigerian Petroleum Development Company owes the federation the sum of $5.531bn and N72.435bn, the Nigeria Extractive Industries Transparency Initiative has said. The NPDC is...

CFAO call on FG to address competition from substandard product

Chairman, Board of CFAO NIPEN, manufacturers and distributors of BIC products, Mr. Steve Faderin, says stiff competition from manufacturers of cheap and substandard products...

RECENT