Royal Dutch Shell Plc has said that it will fight any possible efforts by the Federal Government to hand over the control of its Nigerian oil fields to Chinese oil companies.

BREWER SABMiller yesterday said it was spending 370m on capital expenditure (capex) in Africa this year and expected to see strong growth coming from the investment .

Cement maker, Athi River Mining's pre-tax profit for the first nine months of the year rose 33 per cent.

Zain Communications Network, a mobile communications company, has donated GHc 2,500.00 to the Dakpema Educational Fund in Tamale. The Company also donated assorted Zain products to the Dakpema Traditional Council.

Energy group Novo Energy has proposed that it be given an opportunity to develop the compressed natural gas market and alternative sources without geographical restriction.

Australian integrated energy developer, Aviva, has spent more than P3.3 million bringing its Mmamantswe coal project to Bankable Feasibility Study (BFS) stage, thus fulfilling the requirements of an agreement with the owner of the project's prospecting licences.

A TRUSTCO senior manager and supervisor have been arrested and sacked after the company discovered a fraud scam allegedly involving the two.

PICK n Pay yesterday brushed off allegations made by Shoprite that its market share figures were "hogwash", maintaining that it was still SA's largest supermarket chain by a considerable margin.

SA's largest cement maker Pretoria Portland Cement (PPC) expects a drop in both earnings and headline earnings per share due to the International Financial Reporting Standards (IFRS) 2 charge, a result of its broad-based black economic empowerment transaction.

THE dispute between Transnet and suspended top executive Siyabonga Gama deepened yesterday when they could not agree when his disciplinary hearing would take place.

STEEL MAKER ArcelorMittal SA "could neither confirm nor deny" its interest in bidding for Scaw Metals, the Anglo American subsidiary being put up for sale, ArcelorMittal SA CEO Nonkululeko Nyembezi-Heita said yesterday.

THE New Vision group chairman, David Ssebabi, has assured shareholders that expansion projects, which the company has undertaken, are near completion and will spur growth.

KENYA Commercial Bank has opened its 199th and 200th branch in Rwanda and Southern Sudan, respectively.

After their maiden flight to the Gambia on Sunday 25th October,the home Manager of Royal Air Maroc Aisa Alberough held a press briefing at the Coco Ocean Resort and spa on Monday 26th October 2009 at 19:00hours.

On Friday, October 23, Barclays Bank held a fundraising event dubbed, "Buy me a Dinner and Dance" to raise money for the hundreds of children currently living with cancer. The picture is quite bleak.

Union Bank of Nigeria Plc., has feted high networth customers in Lagos, with a pledge to ensure that their needs and aspirations will continue to remain paramount at every level of the bank.

The members of the Bayelsa State executive council were yesterday thrown into celebration mood with the announcement by the Shell Petroleum Development Company (SPDC) that the production capacity of the state has risen in the last few weeks due to

Mbale Municipal Council has resolved to terminate the contract of Omega Construction Company over shoddy work on Naboa Road. The company is also accused of abandoning the work for over a year before completion.

Globacom has launched the prepaid 3G Plus modem, thus making it possible for millions of prepaid subscribers on the network to enjoy the benefits of high speed internet service.

British Airways has announced that it will offer an alternative for Bellview passengers left without flights the opportunity to travel back on the Lagos to London or London to Lagos route for $199* only, one-way in World Traveller (Economy class)