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Forex: Cbn Injects $318.03m, Cny 62.18m Into Retai

ICPC investigates Lai Moh'd, Kawu over alleged N2.5bn Corruption

The Independent Corrupt Practices And Other Related Offences Commission (ICPC) has started investigations into an alleged misappropriation of N2.5 billion seed grant released to Nigerian Broadcasting Corporation (NBC) by the Federal Government for its digital switch-over programme. The Minister of Information and Culture, Lai Mohammed, and the D ... Read more

Shell, staff donate relief materials, N300m to flood victims in Niger Delta

STAFF and management of The Shell Petroleum Development Company of Nigeria Limited (SPDC) have spent the last two weeks working as volunteers in the distribution of relief materials worth over N300 millions to communities affected by devastating floods in the Niger Delta states of Rivers, Bayelsa, and Delta. With staff making personal cash donation ... Read more

Local Technology: Nigeria moves to manufacture helicopters locally

The National Agency for Science and Engineering Infrastructure (NASENI) has concluded plans to begin the manufacture of helicopter in the country. To actualize this objective, NASENI has decided to partner the Nigerian Civil Aviation Authority (NCAA) to provide relevant guides on the plan to produce made-in-Nigeria choppers. In addition to th ... Read more

Britannia to Expand to Nigeria, Egypt, Myanmar, Bangladesh in Next Two Years

FMCG major Britannia Industries has shortlisted four countries – Nigeria, Egypt, Myanmar and Bangladesh – for the expansion of its overseas operations, a top company official said. The company hopes to begin operations in one of them in the next financial year and in another in the following year. The Kolkata-headquartered company ... Read more

GE pulls out $2 billion Nigeria rail concession project

General Electric Co has pulled out of a long-term concession deal with the Nigerian government to maintain and operate narrow-gauge rail lines in the West African country, a procurement process adviser told Reuters on Wednesday. The Nigerian railway concession project was worth around $2 billion for two lines connecting northern cities to others ... Read more

NNPC, CBN to explain withdrawal of $1.2b

The Senate Committee on Gas has said that NNPC and Central Bank of Nigeria (CBN) are to submit documents on the withdrawal of $1.2 billion from the NLNG dividends account within the last two years. The committee decried the withdrawal from the Nigeria Liquefied Natural Gas ( NLNG). The Chairman of the committee, Sen. Bassey Akpan, made this k ... Read more

Revealed! Best digital house in Eur

If Leo Stan Ekeh doesn't strike you, at first sight, it's probably becau ...
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Egbin Set to Boost Nigeria’s Power

Egbin Power Plc has signed a Side Letter to the 2011 Gas Sale and Aggregation Ag ...
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Atiku Decries Exit Of two global b

Former Vice President and Presidential candidate of the Peoples Democratic Party ...
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Bua Cement Completes Construction,

Less than 6 months after commissioning its 1.5million mtpa Kalambaina Cement Pla ...
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CBN, MTN near settlement over $8.1b

MTN Group Limited and the Central Bank of Nigeria are close to a deal over an or ...
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