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15:19 Nigeria will struggle to lure back Investors, Except it floats Naira – JPMorgan


10:51 Militant threaten to bomb MTN, other South African companies


21:23 Abuja airport 57.5% completed as FG reaffirms re-opening date


15:47 Airport Will Temporarily Shut, Disrupting a Nigerian Lifeline


15:00 Nigeria's oil production increases to 1.484m bpd


13:45 Nigeria lost N3.8 trillion to theft, pipeline vandalism in 2016


13:10 Breaking: DSS arrests Ifeanyi Ubah over economic sabotage, alleged N11bn oil theft



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  • Oba Of Lagos Didn't Snub Ooni Of Ife

    April 29, 2017 11:38 PM 13

    Tunde also said the Oba of Lagos risked the wrath of the 'Alale'(Ancestors), as a result of his disrespect for the superior monarch. Meanwhile, Lateef Aderibigbe Ajose, the Opeluwa Onido of Lagos, one of the white cap chiefs in Oba Akiolu's Palace has said that the monarch did not snub the Ooni, Nigerian Tribune reports. According to Ajose, the Lagos

  • Mobil reports 99% profit decline in Q1

    April 29, 2017 8:34 PM 20

    WorldStage Newsonline-- Mobil Oil Nigeria has released Unaudited Financial Statements for the three months ended 31 March 2017 with a profit after tax (PAT) of N13.1 billion, a 99 percent lower than N1.8 billion in the same period of 2016. The company recorded turnover of N25.2 billion which was 11 percent higher than N22.7 billion declared as Revenue

  • Arizona Localbitcoins Trader Detained by U.S. Homeland Security

    April 29, 2017 4:17 PM 22

    Arizona Bitcoin Trader Arrested by Federal Agents   Costanzo was detained by the U.S. Department of Homeland Security when officers raided his home on April 20. Costanzo is a well-known figure within Bitcoin and agorism-focused circles for his “Bitcoin and Cash” blog and libertarian writings. details that law enforcement agents are investigating Costanzo’s

  • African continent has the potential to feed itself

    April 28, 2017 4:25 PM 18

    The African continent has the potential to feed itself and even have surplus food to export to other parts of the world. But instead, the continent imports $35 billion worth of food and agricultural products every year, and if the current predictions hold, the import bill will rise to $110 billion annually by 2025. So the question is: if the African

  • SpiceJet to offer visa services for Dubai-bound passengers

    April 27, 2017 12:21 PM 19

    NEW DELHI: No-frills airline SpiceJet will provide visa services for Indian passengers travelling to Dubai on its flights. All Indian passport holders travelling to Dubai on SpiceJet and holding valid round trip tickets can avail the visa service. It would be available for 14 days as well as 30 days tourist visas. "The visa service is available at a competitive

  • Ministry of Finance Denies Hiring Foreign PR Consultants for N612 Million

    April 26, 2017 4:31 PM 9

    The Federal Ministry of Finance said that it had not hired any Public Relations firm for 2 million dollars (N612 million) per month. ‎“The Public Relations firm, Africa Practice, has been retained by the Federal Government on the approval of the Federal Executive Council to work with the Debt Management Office as part of the Eurobond programme for a three-year

  • Nigeria will be out of recession by June – Emefiele

    April 26, 2017 6:48 AM 17

    Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has assured Nigerians that the country would get out of economic recession latest by the end of June this year. Emefiele gave the assurance at the National Assembly Complex on Tuesday while fielding questions from journalists after a closed-door meeting with the leadership of the Senate

  • Nigeria’ll be out of recession by third quarter – Emefiele

    April 26, 2017 3:46 AM 17

    The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has said that with the current efforts by the Federal Government to revive the country’s economy, the country should be out of recession by the third quarter of this year. Emefiele also said the CBN would continue with its intervention in the foreign exchange market, adding that efforts

  • Lagos indigenes hail Ambode

    April 26, 2017 12:36 AM 18

    The Coalition of Lagos State Indigenes at Home and in the Diaspora has hailed Governor Akinwunmi Ambode for his exceptional performance, pledging to support him. The alliance, operating under the auspices of the Lagosians Future Group and DE Fash Movement, both comprising the indigenes of Lagos Island and Awori indigenes, said Ambode’s achievements

  • Nigeria: Stanbic IBTC Holdings Records N16.4 Billion First Quarter Profit

    April 25, 2017 1:49 PM 11

    Lagos — Stanbic IBTC released its Q1 2017 result with Profit Before Tax which came in at N18.6bn and while Profit After Tax of N16.4bn was up by 185% y/y with both income lines contributing to a strong results. However, Q1 2017 results which saw non-performing loans (NPL) jump from N24 billion in December 2016 to N38bn in March 2017. The implication