Telecom operators want direct FX allocation

The Association of Licensed Telecommunications Operators of Nigeria (ALTON), has called for direct Foreign Exchange (FX) allocation for the telecommunications sector. ALTON Chairman, Mr Gbenga...

NCAA fines Arik Air N6 million for violating passengers’ rights

Nigerian Civil Aviation Authority (NCAA) has slammed Arik Air a fine of N6 million for breaching the Nigerian Civil Aviation Regulations (NCAR)  rule concerning...

Ijaw, Itsekiri Leaders Threaten To Shut Down Shell Operations

Agrrived Ijaw and Itsekiri ethnic groups in Delta State have vowed to shut down all Shell Petroleum Development Company, SPDC, operations in their...

PZ Cussons Heads For Another Profit Drop

Profit loss suffered by consumer goods company, PZ Cussons Plc, for the second year at the end of its 2015 financial year ended May,...

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...

Champion Breweries optimistic as profit rises by 696%

The operating profit of Champion Breweries Plc rose by 696 per cent to N207m in the 2015 financial year, up from the N26m recorded...

Oando Gets Approval For N80bn Rights Issue

The Board of Directors of Oando Plc has received approval from shareholders for a N80bn Rights Issue.The shareholders also approved the partial divestment of...

Aviation sector faces instability

Nigeria may consider itself a regional aviation hub but years of mismanagement and now recession have blighted domestic airline operations, making delays and cancellations...

Binatone launches new Ital 1660 fan in Nigeria

Binatone Industries has launched a new fan called "Ital 1660" into the Nigerian electronics market. It is also planning to formally introduce the world’s...

N400 million worth of substandard tyres to be ruined

The Standards Organisation of Nigeria has deisclosed that it has in its warehouses substandard tyres worth about N400m awaiting destruction The Director-General, SON, Mr. Osita Aboloma,...

Century Power targets additional 495MW by 2020

Century Power, a subsidiary of the Obijackson Group, has said the first phase of its proposed 1,500 megawatts power plant is expected to be...

MTN introduce festive promo, budget N50m for subscribers

MTN Nigeria has announced the launch of the MTN YafunYafun promo to make the Christmas festive season an exciting one for subscribers. MTN YafunYafun promo...

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