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By Tunde Opeseitan –  Lagos   A Federal High Court in Lagos on Thursday restrained the Nigerian Electricity Regulatory Commission (NERC) from implementing the new electricity tariff billed to be effective from June 1, 2015. Trial judge, Justice Mohammed Idris, in a ruling on an ex-parte application...

By Obas Esiedesa  -  Abuja   The out-going government of President Goodluck Jonathan cannot foist Obasi Lawson on members of the Independent Petroleum...

By Bamidele Ogunwusi  -  Lagos   The nation’s apex bank, the Central Bank of Nigeria (CBN), on Thursday released figures for currency-in-circulation...

By Akinwunmi King –  Lagos   The Central Bank of Nigeria (CBN) has urged deposit money banks (DMBs) to find ways of simplifying the process...

In this concluding part of our special report, our reporters: Andrew Airahuobhor, Oyeniran Apata, Bamidele Ogunwusi, Sola Alabadan, Akinwumi King, Nkasiobi Oluikpe, view reactions from the people on the inherent danger or otherwise of the move by the CBN  to stop the use of foreign currency in transacting business in the country. They also take a look at other countries...

By Tunde Opeseitan –  Lagos   A Federal High Court in Lagos on Thursday struck out a suit filed by some aggrieved subscribers challenging the recent 20 per cent increment on subscription rate of Digital Satellite Television (DStv) being operated by Multi-Choice Nigeria Limited. The aggrieved subscribers, Osasuyi Adebayo and Oluyinka Oyeniji, who are also lawyers,...

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on President Muhammadu Buhari to aggressively support the workers in the oil and gas industry to deepen training, research and development in all aspects of petroleum operations and technology to enhance the acquisition of skillset /expertise and foster competitiveness. The oil workers’...

By Andy Nssien   Dangote Group garnered  revenue of  N391.6 billion during its operation for financial year ended December 31, 2014  in the wake of daunting challenges that  beset the cement industry last year. The figure  showed a marginal improvement of  1.4 per cent when  compared with  N386.2 billion, but pre-tax profits declined by 3.2 per cent to N187.7...

By Bamidele Ogunwusi  Lagos   After recording significant growth for two consecutive days, the stock market lowered its momentum on Thursday as the bears regain dominance in the local bourse following losses recorded by some blue chip companies. This was due to profit taking by investors in the wake of cautious optimism that has pervaded the market. Consequently,...

Stories by Sylvester Enoghase, Lagos   The Nigeria Labour Congress (NLC) has called on President Muhammadu Buhari to initiate policies that would ensure a robust engagement between the labour movement and government in redefining a new agenda to evolve policies that are people-oriented for sustainable development NLC’s President, Comrade Ayuba Wabba, who in an agenda...