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...

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...

SON shuts factory over substandard fan products

Standards Organisation of Nigeria (SON) has clamped down on a company at Abule Oshun, Lagos, for manufacturing substandard fans. SON Director of Compliance & Enforcement...

Digital shift factor in Q1 profit growth – Etisalat CEO

Telecommunications giant, Etisalat reported strong figures for the first quarter, noting its “ability to sustain momentum in spite of vastly changing global industry trends”.According...

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 -...

Nipco boss assures ‘mobil acquisition’ will benefit investors

Group Managing Director of Nipco Plc, Mr. Venkataraman Venkatapathy, has said the recent acquisition of ExxonMobil’s 60 per cent equity stake in Mobil Oil...

Honeywell appeals freezing of accounts by Ecobank

Honeywell Flour Mills Plc has appealed against partial freezing of its accounts by the Federal High Court in Lagos following an application by Ecobank...

CAC begins e-registration process for companies in 5 states, FCT

The Corporate Affairs Commission on Monday announced the closure of the manual process for company registration in five states and the Federal Capital Territory.The...

Unilever UK to inject ₦38 billion into Unilever Nigeria

Unilever Plc, United Kingdom (UK), will inject about ₦38 billion into its Nigerian subsidiary, Unilever Nigeria Plc under a new capital raising programme approved...

Indomie rewards promo winners

Indomie Instant Noodles has rewarded the first batch of winners in its ongoing Indomie "You Like No Other” promo, which kicked off in October.The...

Oando cuts debt by 29%, record ₦1.7 billion profit in Q1

Oando Plc’s strategy of growth across its business operations has steadily paid off as it records ₦1.7 billion profit in Q1 2017.The company’s turnover...

Rwanda telecos fines MTN Rwanda $8.5 million

Rwanda’s telecom industry regulator has fined MTN Rwanda, a division of South Africa’s MTN Group, 7 billion francs (8.5 million dollars) for running its...

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