Nigeria’s Minister of Aviation, Hadi Sirika has said that the Federal Government will go ahead with its plan to concede the Lagos, Abuja, Kano and Port-Harcourt International Airports to improve...

Aviation giant, British Airways is currently having difficulty in tackling a computer system failure that has caused passengers worldwide to face terrible queues while checking in for their flights. British...

Nigerian President, Muhammadu Buhari may soon submit a bill which seeks to allow him take emergency decisions to revive the economy to the National Assembly. The bill titled ‘Emergency Economic...

There are signs of an uncomfortable development at the Nigerian foreign exchange market. For much of this week, the Central Bank’s intervention promised by its governor, Godwin Emefiele, has not...

 The mention of Alaba International Market conjures images of a hub that is bustling with business and commerce. With a reputation of being one of Nigeria’s most prominent commercial destinations,...

  Outgoing Group Managing Director of the Nigerian National Petroleum Corporation, Ibe Kachikwu has formally handed over to the new GMD, Maikanti Baru. Kachikwu who pledged to give Baru every support...

By Clay Risen, THE NEW YORK TIMES LYNCHBURG, Tenn. — Every year, about 275,000 people tour the Jack Daniel’s distillery here, and as they stroll through its brick buildings nestled in a tree-shaded...

The Central Bank of Nigeria says no bank in the country is distressed and that depositors should not make panic withdrawals from their accounts. In a statement by CBN’s spokesman, Isaac Okorafor,...

Skye Bank Plc appears to be in deep trouble at the moment. Many of their branches in Lagos were today besieged by depositors eager to withdraw their money.  The depositors are scared that the bank may...

There is palpable fear among senior officers of Skye Bank over a report that the Central Bank of Nigeria has sacked its management. People & Power checks indicate a lot of uncertainty at the bank’s...

After German automobile conglomerate, Volkswagen admitted wrongdoing for the installation of software to forge emission readings in their cars, the automaker has agreed to pay $14.7 billion in fines for...

A respite of almost two weeks from attacks by Niger Delta Avengers on Nigeria’s oil pipelines and installations appears to be boosting the country’s oil fortunes. Oil production has been officially...

Central Bank of Nigeria is said to be selling an undisclosed amount of foreign currency on the interbank market to ease current shortages. This may be in line with the assurances given recently by the...

Business mogul, Founder and Chairman of Virgin Group, Richard Branson has said that his company has lost a third of its value, following the United Kingdom’s vote to leave the European Union. Branson...

A staggering $2.1 trillion dollars was reportedly washed away from global markets when the UK voted to leave the European Union on Friday. This report is based on the Dow Jones Index (DJI). The Dow also...

One of the top players in Nigeria’s insurance industry, Custodian and Allied Plc, has appointed Mrs Omobola Johnson as its Chairperson. She also becomes a director of the company. Dr Omobola Johnson...

Governor David Nweze Umahi of Ebonyi State has set up a 29 man committee to actualize his administration’s programme on women and youth empowerment. Inaugurating the committee headed by the  Commissioner...

Nigeria’s entertainment mogul and popular senator, Ben Murray-Bruce is in trouble. The Asset Management Corporation of Nigeria, AMCON, this morning seized some of the most prominent proprieties of his...

Nigerian billionaire, Jimoh Ibrahim is probably having the fight of his life as he contends with a court order which effectively freezes his personal assets and those of some of his companies. The order...

Nobody really needed to tell Nigeria’s Central Bank that the country’s economy was on its knees. What with foreign investment into Nigeria shrinking to an unimaginable level. Local businesses...