Brent crude prices near 2015 high after North Sea pipeline disruption

12 December 2017
Brent crude prices near 2015 high after North Sea pipeline disruption

Brent crude oil prices were near 2015 highs on Tuesday after the unplanned closure of a major North Sea pipeline for repairs, knocking out significant supplies from a market that...

Helios, Globacom, others bid for 9mobile

09 December 2017
Helios, Globacom, others bid for 9mobile

Private equity firm Helios Investment Partners has submitted a bid to acquire Nigeria's 9mobile under a sale process aimed at finding new investors for the debt-laden telecoms firm, one person...

Oil rises over 1 percent on threatened Nigeria strike, short covering

08 December 2017
Oil rises over 1 percent on threatened Nigeria strike, short covering

Oil prices climbed more than 1 percent on Thursday due to a threatened strike in Nigeria and as traders cover shorts after sharp losses the previous day brought on by...

10 types of employees you should fire immediately

07 December 2017
10 types of employees you should fire immediately

* There are certain types of employees who shouldn't be tolerated at any organization.* Those types include whiners, antagonists, and chronically absent workers.* You should never fire an employee on...

Fuel scarcity spreads to more states, litre sells at N180

06 December 2017
Fuel scarcity spreads to more states, litre sells at N180

Fuel scarcity is fast spreading across the states resulting in long queues at filling stations, even as the price of the commodity soared to between N160 - N180 per litre....

British couple sue Nigerian billionaire over London mansion sale

06 December 2017
British couple sue Nigerian billionaire over London mansion sale

* Couple were planning to sell £5million London mansion to Nigerian prince* But he suddenly pulled out of the deal, leaving them needing expensive loan* They are suing him for...

Fuel queues resurface in Lagos, Sokoto, others

05 December 2017
Fuel queues resurface in Lagos, Sokoto, others

Fuel queues have resurfaced in some cities, including Lagos, Ilorin, Benin City and Sokoto. In Sokoto, marketers have increased the pump price to N150 per litre. Marketers said they had...

Oil prices climb on expected drop in U.S. crude stocks

05 December 2017
Oil prices climb on expected drop in U.S. crude stocks

Oil markets rose in early Asian trade on Tuesday, buoyed by expectations of a drop in U.S. crude stockpiles and after last week's deal between OPEC and other crude producers...

3 things your boss wants you to know without having to tell you

05 December 2017
3 things your boss wants you to know without having to tell you

David Walker * There are some universal things managers want employees to know but don't always know how to best communicate.* You should be able to go to your managers...

Personal nuclear bunkers go on sale as fear of World War Three spreads

04 December 2017
Personal nuclear bunkers go on sale as fear of World War Three spreads

* A Korean company has started selling fallout bunkers from a shop in Seoul * Containers fit up to eight people with everything to survive a nuclear holocaust* They are...

Fulani herders seek FG’s assistance to set up ranches

01 December 2017
Fulani herders seek FG’s assistance to set up ranches

Myetti Allah Cattle Breeders Association (MACBAN), Nasarawa State branch, has called on President Muhammadu Buhari to support states to assist cattle owners to set up ranches. MACBAN Chairman, Mr Muhammed...

Oil rises as OPEC extends cuts to end of 2018

01 December 2017
Oil rises as OPEC extends cuts to end of 2018

Oil rose on Thursday after OPEC and non-OPEC producers led by Russia agreed to extend output cuts until the end of 2018, while also signalling a possible early exit from...

Steve Jobs built Apple into a powerhouse by saying 'no' instead of 'yes'

01 December 2017
Steve Jobs built Apple into a powerhouse by saying 'no' instead of 'yes'

Justin Bariso * In 1997, developers asked Steve Jobs about his decision to end production on an Apple product — and his response demonstrates the importance of focus.* He said...

FG suspends SEC DG over corruption allegations

30 November 2017
FG suspends SEC DG over corruption allegations

The Federal Government has suspended Director-General of Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo, from office over allegations of corruption. Minister of Finance, Mrs. Kemi Adeosun, in a statement...

Oil drops for third day, awaiting OPEC decision

30 November 2017
Oil drops for third day, awaiting OPEC decision

Oil prices dipped on Wednesday in a volatile session buffeted by conflicting statements from oil ministers a day ahead of OPEC's meeting in Vienna, as members debate the path for...

Imported banana floods Abuja markets

29 November 2017
Imported banana floods Abuja markets

Imported banana, with low prices, has flooded Abuja markets, raising concerns about the country’s food security, livelihoods of banana farmers and traders as well as the health of consumers. A...

Nigerians need to pay more for electricity - Osinbajo

28 November 2017
Nigerians need to pay more for electricity - Osinbajo

Vice President Yemi Osinbajo on Monday said payment of high electricity tariffs is inevitable for Nigerian electricity users. Mr. Osinbajo said this while speaking at the Sixth Presidential Business Forum...

8 habits that set good leaders and great leaders apart

24 November 2017
8 habits that set good leaders and great leaders apart

Marcel Schwantes * Management consultant Jim Collins shares what traits separate good CEOs from great CEOs.* Great CEOs know when to listen and when to admit they're wrong.* They seek...

Facebook to open Nigerian hub next year in African tech drive

23 November 2017
Facebook to open Nigerian hub next year in African tech drive

Facebook will open a "community hub space" in Nigeria next year to encourage software developers and technology entrepreneurs and become the latest technology giant to pursue a training program in...

FG floats US$3bn dual-tranche Eurobond

21 November 2017
FG floats US$3bn dual-tranche Eurobond

The federal government has announced the floating of a $3 billion Eurobond, offering an aggregate principal amount of dual series notes under its US$4.5 billion Global Medium Term Note programme...

Uber drivers in Lagos are using fake GPS app to inflate fares

20 November 2017
Uber drivers in Lagos are using fake GPS app to inflate fares

Some Uber drivers in Lagos have been using a fake GPS itinerary app to illicitly bump up fares for local riders.Initially created for developers to “test geofencing-based apps,” Lockito, an...

Why we won’t accept ranching - Herdsmen

20 November 2017
Why we won’t accept ranching - Herdsmen

Fulani herdsmen have said they will not accept cattle ranching because the country’s geographical location was not suitable for it. Besides, the herdsmen said the species of cows they had,...

One of the best tips for being a good boss is the one managers tend to skip

20 November 2017
One of the best tips for being a good boss is the one managers tend to skip

* One major mistake managers often make is forgetting to explain to their teams why they made a certain decision.* By explaining decisions, employees better understand top priorities. * It...

Ex-CBN deputy governor advises Buhari against further foreign borrowings

17 November 2017
Ex-CBN deputy governor advises Buhari against further foreign borrowings

A former deputy governor of Central Bank of Nigeria, Mr Kingsley Moghalu, has cautioned the federal government against any form of new foreign borrowing. Moghalu said this at the 5th...

Oil extends losing streak on U.S. oversupply worries

17 November 2017
Oil extends losing streak on U.S. oversupply worries

Oil prices ended lower again on Thursday on increased concerns about growth in U.S. production and inventories, despite expectations that major world producers will extend a supply-cut deal later this...

Osun seals Dangote Quarry over N1.5bn tax default

17 November 2017
Osun seals Dangote Quarry over N1.5bn tax default

Osun Board of Internal Revenue Service, OIRS, Thursday sealed a Dangote Quarry located at Ajebandele, Ayedaade local government area of the state. The tax enforcement team led by Special Adviser...

‘Leonardo da Vinci artwork' sells for record $450m

16 November 2017
‘Leonardo da Vinci artwork' sells for record $450m

A 500-year-old painting of Christ believed to have been painted by Leonardo da Vinci has been sold in New York for a record $450m (£341m). The painting is known as...

NNPC still not transparently run -Kachikwu

14 November 2017
NNPC still not transparently run -Kachikwu

Minister of State for Petroleum Resources, Mr Ibe Kachikwu has said that reforms initiated by the federal government to clean up years of corrupt practices in Nigerian National Petroleum Corporation...

FG recovers $65m electricity debt from Benin, Niger republics

14 November 2017
FG recovers $65m electricity debt from Benin, Niger republics

The Federal Government on Monday announced that it had recovered $64.63m electricity debt from the Republics of Benin and Niger. According to Minister of Power, Works and Housing, Mr Babatunde...

Tesla hit by class-action lawsuit claiming racial discrimination

14 November 2017
Tesla hit by class-action lawsuit claiming racial discrimination

U.S. automaker Tesla Inc on Monday was hit with a class-action lawsuit claiming its California production plant is a "hotbed for racist behavior." The lawsuit filed in California state court...

Edison, Zuckerberg, and Bezos follow the '10,000 experiment rule' — and its secret to success comes down to math

13 November 2017
Edison, Zuckerberg, and Bezos follow the '10,000 experiment rule' — and its secret to success comes down to math

* Thomas Edison - and modern day business leaders like Jeff Bezos and Mark Zuckerberg - use deliberate experimentation as their main strategy for success.* One of the most popular...

Oil prices slide after U.S. drillers add rigs

11 November 2017
Oil prices slide after U.S. drillers add rigs

Crude was down slightly on Friday as expectations OPEC and other producers will extend their production cut agreement were offset by U.S. drillers adding the most oil rigs in a...

FG to sponsor bill on ‘Ease of Doing Business’ reforms

10 November 2017
FG to sponsor bill on ‘Ease of Doing Business’ reforms

In a bid to ensure sustainability of the reform policies in the business environment being implemented by the current administration, the federal government is working with the National Assembly to...

Facebook founding president says ‘we built Facebook to exploit you’

10 November 2017
Facebook founding president  says ‘we built Facebook to exploit you’

“God only knows what it’s doing to our children’s brains.” A view on social media shared not by some uninformed luddite, but by one of the people responsible for building...

10 bank branches sealed over non-remittance of taxes

09 November 2017
10 bank branches sealed over non-remittance of taxes

Nasarawa State Internal Revenue Service, NSIRS, has sealed off 10 branches of three banks over alleged failure to remit taxes deducted from customers in the state. Mr Usman Okposhi, Chairman...

NAFDAC slashes product registration cost, time – DG

07 November 2017
NAFDAC slashes product registration cost, time – DG

National Agency for Food, Drugs Administration and Control, NAFDAC, said it has reduced by 50 per cent, cost of registration of products for companies with or less than five employees....

The massive 'Paradise Papers' leak reveals how the world's wealthiest individuals and companies move their money

07 November 2017
The massive 'Paradise Papers' leak reveals how the world's wealthiest individuals and companies move their money

* The Paradise Papers are the largest collection of leaked documents in history, with over 13.4 million documents released.* The leak follows 2015's Panama Papers, which revealed prominent politicians, billionaires...

Nigeria’s trade deficit in manufactured goods hits N4.21tr

06 November 2017
Nigeria’s trade deficit in manufactured goods hits N4.21tr

Nigeria is largely disadvantaged in international trade involving manufactured goods across the world. Nigeria’s full year earnings from export of manufactured goods with imports of manufactured goods from third quarter...

Diesel approaches N240 per litre, worsens energy crisis

06 November 2017
Diesel approaches N240 per litre, worsens energy crisis

Price of automotive gas oil (AGO) also known as diesel on which the economy is heavily dependent is heading for N240 per litre, fuelling fresh energy crisis for the manufacturing...

Oil hits highest levels since 2015 amid tightening markets, Saudi purge

06 November 2017
Oil hits highest levels since 2015 amid tightening markets, Saudi purge

Oil prices hit their highest levels since July 2015 early on Monday as markets tightened, while Saudi Arabia's crown prince cemented his power over the weekend through an anti-corruption crackdown...




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