Nigeria is a country of absurd economic realities. The 13th largest crude oil producer in the world and the second largest economy in Africa earn an estimated $2.2 million a day in oil revenue.

The allegation that three Directors General of the Nigerian Civil Aviation Authority, NCAA, were changed within three years has been debunked by the agency spokesman, Mr. Yakubu Dati.

As part of ongoing efforts to sanitise the insurance industry of unethical practices, the National Insurance Commission, NAICOM, has said that henceforth, it is a punishable offence for insurance companies to pay fees on any insurance business transaction except as provided by insurance law.

The Management of Dangote Cement said the newly introduced cement, 3X, represents, “Xtra strength; ‘Xtra life and Xtra yield which is for the safety of human lives rather than profits.

BENIN—THE Mid-west Bar Forum, MBF, of the Nigerian Bar Association, NBA, has described the killing of two lawyers in Delta State, as a calculated attempt to intimidate the Bar and the Bench in the discharge of their duties.

Ecobank Transnational Inc. (ETI)’s board must reconsider the speed at which the pan-African lender expands after allegations of management fraud and poor governance, South Africa’s Public Investment Corp. said.

Shareholders of Africa Prudential Registrars, APR, have approved the N700 million dividends proposed by the Board and management of the company for the financial year ended Dec. 31, 2013.

Despite large number of bakeries in the country, Honeywell Flourmills Plc has identified skill gap in baking.

Uganda is set to join Kenya and Nigeria in developing derivatives trading as the nation’s markets regulator approved plans for another Stock Exchange in East Africa’s third-biggest economy.

Some exhibitors at the 25th Enugu International Trade Fair have appealed to the Federal Government to take practical steps to boost indigenous technology.