Continuing its mission to source exceptional stones, Graff said Tuesday that it has acquired the world’s largest diamond following a year-long negotiation. The diamond, named Lesedi La Rona,... Read more
The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has expressed Federal Government’s readiness to divest its 40 percent stake in power distribution companies. Fashola wh... Read more
Twenty-three states of the federation exceeded their borrowing limits in 2015, the Fiscal Responsibility Commission (FRC) has said. In a report on the states and indebtedness, the FRC said L... Read more
Billionaire and President of Dangote Group, Aliko Dangote, prefers that oil prices remain low in order to force oil-dependent African nation’s to look to agriculture for income. Accord... Read more
Back in May, we reported that the world’s largest aircraft, the Stratolaunch, had finally left its (giant) hanger and was preparing for tests. This week, the first of those was complet... Read more
The government of Nigeria has announced the award of a $5.8 billion contract to build what will be the largest power plant in the country. The 3,050-megawatt Mambila hydroelectric power proj... Read more
President Muhammadu Buhari on Tuesday inaugurated the N30 billion Integrated Feed Mill, Hatchery and Breeder Farm in Kaduna. Middle East Olam International Business Head, Mr. Vinod Kumar Mis... Read more
The Federal Government has disclosed its plan to allocate 80 percent of crude lifting to Nigerian National Petroleum Corporation, NNPC Trading, an arm of the Corporation which evolved from t... Read more
The Central Bank of Nigeria (CBN), in its relentless effort to keep the inter-bank foreign exchange market liquid, on Monday, September 11, 2017 intervened with another sum of $250 million.... Read more
First Bank of Nigeria Limited has begun a massive downsizing exercise in the bank, which has already in the sack over 1,000 workers by the management. Curiously, the bank informed the affec... Read more