30 C
Lagos, Nigeria
Tuesday, January 16, 2018

Samsung aims to double Africa’s share of its revenues in five years

South Korea’s Samsung Electronics plans to double the annual revenue contribution from its African markets to 20 percent of the firm’s global total in...

Ethiopian airlines opens Geneva route June 3

Ethiopian Airlines, Africa’s largest carrier, has announced its plans to commence direct flight thrice weekly to Geneva, Switzerland from June 3. This was disclosed in...

N144.7b Earned From Cashew Exports In 2017 – Association

The National Cashew Association of Nigeria (NCAN) says Nigeria earned N144.7 billion ($402 million) from the export of raw cashew nuts to Vietnam and...

NAICOM releases approved rates for compulsory Insurance

The National Insurance Commission (NAICOM) as part of efforts to curb the increasing challenge of rate cutting in the industry, on Monday released approved...

Shell Gives North Sea Operations Shot in Arm at Penguins Field

Royal Dutch Shell Plc made one of its biggest commitments to the North Sea in 30 years, with plans to redevelop the Penguins oil...

World’s fifth largest diamond discovered

A diamond thought to be the fifth largest of gem quality ever found has been discovered in Lesotho, miner Gem Diamonds said Monday, and...

Stakeholders want security beefed up at Lagos Airport

Stakeholders in the aviation sector have called for the beefing up of security at the Murtala Muhammed Airport, Lagos, following recent allegations of poaching...

Nigerian Stock Exchange is the best in the world so far in 2018, all...

The Nigerian Stock Exchange (NSE) has surged by 12 percent since the beginning of this year, thus making it the best performing stock market...

China subjects Russian crude to new tests

China on Monday started using new standard to measure water content in the imported pipeline crude oil from Russia to better safeguard China’s economic...

Indonesian Stock Exchange collapses

A floor at Indonesia’s stock exchange collapsed into the building’s lobby on Monday, injuring an unknown number of people, according to media reports. “We are...

Crude oil price jumps to $70

The price of brent crude oil rose to 70 dollars a barrel on Monday, supported by ongoing output cuts led by OPEC and Russia,...

IPMAN wants illegal filling stations demolished

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has advocated immediate demolition of over 2,000 identified illegal filling stations operating across the country,  to...

FG invests N2.8 trillion on roads- Director

The Federal Government is undertaking various road projects worth N2.8 trillion across the country,  Mr Chukwunwike Uzo, the Director of Highways, Planning and Development,...

Power distributors owe market operator N165bn

The total debt electricity distribution companies owe operator of the Nigerian electricity market, otherwise known as market operator, has risen to N165.21bn. Latest data obtained...

2 Chinese firms build subsea pipeline for Dangote Refinery

Two Chinese companies have held a groundbreaking ceremony to start the construction of a subsea pipeline installation for Dangote Oil Refining Company Limited in...

Bitcoin, others in focus

In spite of its dizzying rise, Bitcoin is not the most lucrative cryptocurrency in a universe that counts 1,400 rivals. According to AFP, bitcoin is not...

Indian helicopter crashes with 7 on board

India’s navy says it is searching for a helicopter missing over the Arabian sea that had taken off from a Mumbai airfield with two...

GLO DENIES ACQUIRING 9MOBILE

Telecoms giant Globacom has distanced itself from reports which insinuated that it was the preferred bidder to acquire the telecommunications company, 9Mobile. A press...

CBN Pumps Another $262.5m To Forex Market

The Central Bank of Nigeria (CBN) on Friday intervened in the inter-bank Foreign Exchange Market with 262.5 million dollars. Data obtained from the CBN in...

ICT skill key to youth empowerment–Entrepreneur

Miss Florence Bala, an Information Technology Communication (ICT) entrepreneur says knowledge of information technology tools is key to sustainable development. Bala, who is the Chief...