Shell shuts Bonny Light oil export line to remove theft points

The Nigerian subsidiary of Royal Dutch Shell Plc said it had shut down the Nembe Creek Trunk Line, which exports Bonny Light crude oil,...

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...

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...

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 -...

Hyundai Motors cuts price of Nigeria-made vehicles

Hyundai Motors Nigeria Limited says it has cut the prices of its locally made vehicles in the B-segment, in a move expected to increase...

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...

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...

NCC sees deal in Etisalat debt talks

Nigeria's financial and telecoms regulator said it agreed on Friday with local banks to end the prospect of receivership for mobile operator Etisalat Nigeria,...

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...

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...

Guinness Nigeria eyes N40 billion new equity funds in rights issue

Guinness Nigeria PLC plans to raise about N40 billion from its shareholders as part of strategic plan to deepen its balance sheet and provide...

Vitafoam outlines growth strategies as shareholders get N125m dividend

Vitafoam Nigeria Plc will launch a new finance strategy, strengthen its operations through innovative products and reposition its foreign operations further for sustainable profitability...

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