Petrobras, Brazil’s oil company, has announced a long-awaited plan to invest $224.7bn over the next five years following months of battling with the government over cost-cutting.

The Nigerian Stock Exchange, NSE, has announced plans to increase the number of products traded on its platform to five within the next five years.

Rivers State House of Assembly, yesterday, said it approved N250 billion for the proposed state bond in order to facilitate infrastructural development in the state.   The first tranche of N100 billion bond is due in October, with a tenor of  three to five years. Leader of the Rivers State House of Assembly, Mr. Chidi, […]

Samsung Electronics West Africa, a subsidiary of Samsung Electronics Co. Ltd, yesterday, in Lagos, unveiled Samsung first solar panel net book in the world.

Governor Theodore Orji of Abia State will assist the family of slain police orderly attached to Government House, Umuahia, the Media Adviser to the Governor, Mr Boni Iwuoha, has said.

The Institute of Chartered Accountants of Nigeria (ICAN) has urged the Federal Government to partner with relevant professional bodies to train Nigerians on the International Financial Reporting Standards (IFRS). Mr Sunday Ajileye, Chairman of Amuwo Odofin District of ICAN, made the all in in Lagos.

Foreign Direct Investment (FDI) flows to Nigeria declined by 29 percent in 2010 amidst regulatory concerns in the nation’s oil industry.

A former staff of Lagos Baptist Conference Schools is threatening to drag the body to court for allegedly withholding her entitlements.

Nigerian forward Emmanuel Emenike has left Turkey’s Fenerbahce to join Spartak Moscow in Russia. Earlier on Thursday, Fenerbahce said it was considering offers from foreign clubs for the Super Eagle.

There can be little doubt that the names of some of the 504 players already confirmed ahead of the FIFA U-20 World Cup, starting tonight in Colombia, will catch the eye more than others, with many already valued at millions of pounds or having enjoyed star turns at club level.

The Sultan of Sokoto and President General of Jamatul Nasril Islam (JNI), Alhaji Muhammad Sa’ad Abubakar, declared ,Thursday, that Islamic banking has come to stay in Nigeria, saying the issue should not lead to crisis.

Minister of Aviation, Princess Stella Adaeze-Oduah, has ordered Bi-Courtney Ltd to immediately stop the collection of N2,500 as Passenger Service Charge, PSC, from air travellers.

A suspected armed robber who allegedly killed a police constable in Ado Ekiti about two weeks ago , claimed he killed cop , Olusegun Olufowobi in error.

After due consideration of the investigative report of the Justice Umaru Abdullahi-led probe panel, which allegedly indicted the President of the Court of Appeal, Justice Isa Salami of perjury, the National Judicial Council, NJC, yesterday, charged a three-man panel of justices with the responsibility of recommending a befitting punishment for him.

Four members of the Movement for the Actualisation of Sovereign State of Biafra, MASSOB, were, yesterday, allegedly shot, as policemen dispersed the movement’s protest in Onitsha.