2013 budget: Reps indict Executive for poor implementation

House of Representatives on Thursday took a swipe at the Executive for poor implementation of the…

Telecoms subscribers threaten litigation over compensation for poor service

Chief Deolu Ogunbanjo of the National Association of Telecommunications Subscribers (NATCOMS) on Wednesday threatened telecom providers…

Defunct Oceanic Bank shareholders want return of Ibru’s N191 billion Forfeited Assets

Some shareholders of the defunct Oceanic Bank Plc (now Eco Bank Plc) on Tuesday asked a…

FG saves N530bn on over-bloated contracts

Federal Government has been able to save about N530 billion as a result of enforcement of…

CBN maintains 12% lending rate

Central Bank of Nigeria (CBN) on Tuesday retained the lending rate at 12 per cent, the…

Reps to order arrest of Mainstreet Bank MD

Lawmakers on Tuesday said they would order the arrest of the Managing Director and Chief executive…

Again, Shell shuts pipeline over theft

Royal Dutch Shell (RDSa.L) has closed a key oil pipeline due to oil theft less than…

NCP okays sale of 10 Discos 4 Gencos

National Council on Privatisation (NCP) on Friday approved the sale of 10 electricity distribution companies (DISCOs)…

Ex-Finbank chiefs ask court to dismiss N10.9b theft charge

A former Managing Director of Finbank Plc, Okey Nwosu and his co-defendants, on Monday asked an…

Ifeanyi Ubah’s Capital Oil sacks 200 workers

At least 200 workers of Capital Oil and Gas Industries Limited have been sacked since the…

Infrastructure Bank to raise N167bn for Lagos-Ibadan expressway

The Federal Government has directed The Infrastructure Bank Plc to raise N167 billion for the reconstruction…

Nigerian investors hit gold in Kenya, get 46 oil blocs

Kenya has offered its 46 newly-discovered oil blocs for interested Nigerian investors in the oil and…