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$9 billion oil money stolen, unremitted in 2013 – NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI), has announced that Nigeria lost at least $9 billion in 2013 to sharp financial practices in the oil and gas sector. The Executive

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FG lists 22 conditions for states to access N90billion loan

The Federal Government has spelt
out 22 stringent conditions
states must fulfill to enable them benefit from the N90 billion loan set aside for states facing financial difficulties. The Minister of Finance,

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MTN ‘to double’ Nigeria’s spending

MTN Group said in Johannesburg on Wednesday it would more than double its capital spending in Nigeria in the 2016 fiscal year. The firm said in a presentation posted on

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FG reduces MTN fine, approves staggered payment

The Federal Government on Friday accepted to reduce the fine imposed on telecommunications giants, MTN from N1.04 trillion to N330Billion. According to a statement by spokesman of the  Nigerian Communications

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Paramount Group unveils new armoured vehicle for global defence market

Paramount Group, the African-based global defence and aerospace company, has unveiled a new generation 8×8 (eight wheeled) armoured vehicle in Astana, during the annual Kazakhstan Defence Exhibition. The technologically superior Mbombe

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Nigeria’s Mohammed Barkindo becomes OPEC secretary general

Former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mohammed Barkindo, has been appointed the secretary-general of the Organisation of Petroleum Exporting Countries (OPEC). His appointment was announced on Thursday in Vienna, Austria after

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No going back on electricity tariff hike – Fashola

The Minister of Power, Works and Housing, Babatunde Raji Fashola has said there will be no going back on the 45 per cent increase in electricity tariff. Fashola added that

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Standard Chartered launches Africa’s most extensive mobile, online banking

Standard Chartered Bank is bringing its newest mobile and online banking platform to one million clients across eight African markets, the most extensive digital rollout of its kind in Africa

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Technological innovation will boost productivity, growth in Africa’s agribusiness – Report

Agriculture is currently standing on the edge of a second green revolution. This revolution will entail fundamental shifts in how the agricultural sector utilises and implements innovative technology to improve

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Slow Food President Carlo Petrini named FAO Special Ambassador Zero Hunger for Europe

Carlo Petrini, President of Slow Food, an organization working to prevent the disappearance of local food cultures and traditions and to ensure everyone has access to good, clean and fair

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