The Federal Government has commenced negotiation with General Electric on the concessioning of the narrow gauge lines across the country. Speaking in an interview with the News Agency of Nigeria (NAN), the Minister of Transport, Rotimi Amaechi said the…
FG bans Samsung Galaxy Note 7 on airlines
The Nigerian Civil Aviation Authority, NCAA, has directed passengers not to turn on or charge their Samsung Galaxy Note 7 devices on board aircraft following recent incidents and concerns raised by its manufacturers. The aviation regulatory body gave the…
Elumelu wins Africa Investor ‘Person of the Year’ Award in New York.
The Chairman of Heirs Holdings, Mr. Tony Elumelu has been honoured with the ‘Person of the Year’ award at the Africa Investor Chief Executive Officer (CEO) Institutional Investment Summit hosted alongside the UN General Assembly in New York, Receiving the…
U.S Chamber names Dangote Co-Chair of U.S.-Africa Business Centre
The U.S. Chamber of Commerce, in a show of further commitment to collaboration by the business communities in the United States and across Africa, today named Aliko Dangote, Africa’s most successful businessman, as the co-chair of its U.S.-Africa Business Center….
Guinnness Nigeria declares N102B revenue
Guinness Nigeria has today announced its first set of results combining sales from both beer as well as International Premium Spirits (IPS) like Johnnie Walker and Baileys, following its acquisition of distribution rights from its parent company, Diageo in January…
FirstBank offers educational solutions to Schools
It is the beginning of another school term and as students return to school after the long holidays, First Bank of Nigeria Limited, is again set to support schools with their educational requirements to enhance preparations for the school year….
Supreme Court upholds election of Yahaya Bello
The Supreme Court on Tuesday upheld the election of Governor Yahaya Bello of Kogi State. The seven-man panel headed by Justice Sylvester Ngwata affirmed the election after listening to the closing statements of all the counsel. The court also said…
Photo News
Corps Marshal of FRSC, Boboye Oyeyemi (Right), Comptroller General of Customs, Col Hameed Ali (rtd) and Chairman, Federal Inland Revenue Service, Babatunde Fowler, after a meeting in Abuja
Man charged in New York, New Jersey bombings
(Chicago Tribune) Ahmad Khan Rahami vowed to martyr himself rather than be caught after setting off explosives in New York and New Jersey, and he’d hoped in a handwritten journal championing jihad that “the sounds of bombs will be heard…
‘Oil discovery in Lagos, good development for Dangote refinery’
The recent discovery of oil in Lagos in commercial quantity has been described as a good omen for the development of the oil and gas industry which Dangote refinery will benefit from. Speaking in his office in Lagos during a…
Oando sells 49 per cent stake in Gas, Power subsidiary for $115.8 Million
The Board and Management of Oando Plc has concluded arrangement to sell 49 per cent equity stake in its midstream subsidiary, Oando Gas and Power (OGP) Limited to a new investor, Helios Investment Partners for $115.8 million. The transaction…
CMA CGM unveils new African phase, inaugurates training for executives
CMA CGM Vice Chairman, Rodolphe Saadé, will on Tuesday, September 20th, 2016 inaugurate a unique training course tailored for its future African executives, With the launch of this new African development phase, CMA CGM explained that it will advance…
Organisers explain new date for SITEI conference
To ensure the crucial participation of concerned stakeholders, Friends of SITEI have opted to move the conference to a new date: Tuesday, 25th October 2016. A statement issued by the organisers explain that the SITEI conference which is an annual multi-stakeholder meeting…
Elumelu seeks more U.S engagement, investment in Africa
The chairman of United Bank for Africa Plc, (UBA) Tony Elumelu, has called for more United States of America (USA) engagement in Africa through mutually beneficial trade and investment. Elumelu, who is on a business tour of the US…