Unity Bank Plc is planning to raise between N50 billion and N70 billion in order to shore up its capital base as required by the Central Bank of Nigeria (CBN), its Managing Director Falalu Bello said in Abuja yesterday.

Zain mobile network continues to give its numerous customers something new to smile at.

MTN has opened a new customer service center at Rubangura to reduce the queues at its UTC branch.

The Canadian firm Vangold is continuing its exploration of the Kivu region to find oil, State Minister Butare warns that there are no guarantees that we might get as lucky as neighbor Uganda.

Raj Rajaratnam, the billionaire founder of Galleon Group charged with insider trading by federal prosecutors last week, told investors yesterday that he would liquidate his hedge funds.

Cadbury increased its full-year profitability and revenue forecasts on higher sales of Trident gum and Wispa Gold chocolate, fuelling speculation that Kraft Foods would have to raise its bid for the UK confectioner.

CONSTRUCTION and engineering group Murray & Roberts said yesterday the recovery in key commodities had brought some stability to its international operations, but the continuing strength of the rand could hit its earnings for the year.

THE Private Investor portfolio's index was 84,35 at Tuesday's close of the market. Its paper loss since it was built in the period between August and December 2007 was just more than R16000. This is much less pain than the

China Mobile this week became the world's first phone company with more than half a billion subscribers as price cuts lured new users, helping the carrier's profit rebound from its only profit drop in a decade.

Zenith Bank Plc has recorded a profit after tax of N16.39 billion at the end of its fourth quarter result, ended September 30, 2009.

Gauteng province's investment corporation -- yesterday launched a scathing attack on its former CEO Nomhle Canca, saying under her leadership there had been a "clear trend" of financial mismanagement and poor governance.

IRS airlines has announced the appointment of Russel Walker, an Austrian pilot to head to its Directorate of Flight Operations. Engineer Kenneth Wemambu was also appointed the Director of Ground Operations and Commercials of the airline.

Zenith Bank said fourth-quarter profits were dented by loan-loss provisions booked following an industry-wide audit.

More reactions have continued to trail alleged attempts by the Federal Government to shield Shell Petroleum Development Company (SPDC) from taking responsibility for reckless and massive oil pollution in Ogoniland.

It was meant to be a marriage of convenience that would help the parties stop the huge revenue losses they suffered in a two year battle for control of Kenya and Tanzania beer markets.

MTN Nigeria has restated its commitment to the upliftment of sports, especially football which inspires passion in Nigeria and beyond.

Sacked former managing director of BankPHB, Mr. Francis Atuche, yesterday sued the Economic and Financial Crimes Commission (EFCC), claiming N50 million as damages for allegedly being detained beyond the 48 hours stipulated by the constitution.

The Pan-Nigerian Poetry Festival which explores the theme, "Poetry, Laughter, Arts and You" acronymed "P.L.A.Y" has finally secured the goodwill of GTBank as sole-sponsor.

The Firestone Rubber Plantation Company, an American Company operating in Harbel Lower Margibi County 45 Kilometers away from Monrovia, has been slammed with a guilty verdict by the Environmental Protection Agency (EPA), a body responsible to oversee pollution and other

Toshiba, a world leader in high technology, has appointed Mitsumi as the official distributor of its products in the East African region.