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Business

We do not divert petroleum products – PTD

Petroleum Tankers Drivers (PTD) said their members were not involved in diversion of petroleum products to neighboring countries. This was…

President of Panama says tax evasion a global problem

The President of Panama, Juan Varela, has criticised the singling out of his country for the various tax dodging schemes…

CBN ready to create jobs through local production – Emefiele

The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, has assured genuine investors of cooperation and support toward self-sufficiency in…

NDDC lauds NASS for forcing oil coys to remit tax

The Niger Delta Development Commission (NDDC) has applauded the National Assembly Joint Committee on NDDC for compelling oil firms operating…

Economic Crunch: Nigerian internet users reduce by over 2 million

The Nigerian Communications Commission (NCC) on Saturday said that internet users on Nigeria’s telecommunications networks reduced to 93.75 million as…
ExxonMobil

N1.27bn Oil Spill Palliative: Mobil begins Eket projects

Mobil Producing Nigeria Unlimited, a subsidiary of ExxonMobil, has commenced the construction of projects in Eket communities of Akwa Ibom,…

Ntel unveils first mobile 4G/LTE service in Nigeria

ntel, Nigeria’s most advanced 4G/LTE network has announced the commencement of its phased and paced commercial operations with bumper offers…

Nigeria gets $200m from oil coys to pay for fuel imports -NNPC

Nigeria will get $200 million in badly-needed hard currency from oil majors to pay for fuel imports and ease petrol…

Why Nigeria is in foreign exchange crisis – Segun Agbaje

The Managing Director, Guarantee Trust Bank Plc (GTB), Mr Segun Agbaje, has stated that the decline in oil price at…

CBN approves two super agents to distribute banking services

Mrs Tokunbo Martins, the Director, Banking Supervision Department of the Central Bank of Nigeria (CBN), says the bank has approved…

Facebook Messenger hits 900 million users

fac Facebook Messenger has hit 900 million users worldwide. The widely used messaging application has also announced that it is…

Delta State signs 500 megawatts MoU

Okafor Ofiebor/Port Harcourt Delta State Government has taken a quantum leap to boost power generation in the state when it…

2016 budget will be well managed – Udoma

An assurance has been given that the 2016 budget will be well managed to achieve the economic growth level Nigerians…

Ajimobi seeks Customs/community partnership to curb smuggling

GBENRO ADESINA/IBADAN Oyo State Governor, Abiola Ajimobi, has advocated the creation of “Customs-Community Relations Groups” that would be saddled with…

Shiroro power to increase generation by 300mw

The Shiroro Hydro Power Station (SHPS) will soon double its operating capacity of 300mw through solar plant. Alhaji Dauda Abdulaziz,…

Facebook launches Agency Ambassador programme for Africa

Facebook has launched an Agency Ambassador Programme for Africa as part of its drive to equip its agency partners with…
NERC approves increase in cost of pre-paid meters

Estimated billings: NERC asks consumers to complain to its office

The Nigerian Electricity Regulatory Commission (NERC) on Wednesday asked consumers whose Distribution Companies (DISCOS) over-billed them through estimated bills tocomplain…

Giant Vitamin Water berths in Nigerian market

Giant Vitamin Water drink has been introduced into the Nigerian market. The new drink is produced by Giant Beverages Limited…

By Thursday there would be no queues in Abuja, Lagos – Kachikwu

The Minister of State for Petroleum, Dr. Ibe Kachikwu, has reiterated the commitment of NNPC to end the lingering fuel…

Fuel pump price will be reviewed quarterly – PPPRA

The Petroleum Products Pricing Regulatory Agency (PPPRA) has stated there will be a quarterly review of petroleum pump price in…

Alaska Air to buy Virgin America for $2.6bn

Alaska Air Group Inc said on Monday that it had agreed to buy Virgin America Inc. for 2.6 billion dollars…

MTN launches SunStream for mobile devices

MTN South Africa has launched its new promotional package featuring World Panel’s SunStream which allows users to stream electricity from…

How we plan to end fuel scarcity, prepare for the future – NNPC

Jethro Ibileke/Benin ‎ The Nigerian National Petroleum Corporation (NNPC), has concluded plans to permanently solve the problem of perennial fuel…

NNPC to end fuel scarcity through local refining, massive storage of products

Jethro Ibileke/Benin The Nigerian National Petroleum Corporation (NNPC), has concluded plans to permanently solve the problem of perennial fuel scarcity…

Northerners in NEPC gang up against Segun Awolowo

There is a gang up against Segun Awolowo, the CEO of the Nigerian Export Promotion Council (NEPC), and grandson of…

NNPC offers talks with NRGI over stealing allegations

Nigeria’s state oil company has offered to talk to an international watchdog that says it failed to hand over billions…

Warri, Port Harcourt, Kaduna refineries to begin production – NNPC

Bello Rabiu-Babura, Upstream Chief Operating Officer, Nigerian National Petroleum Corporation (NNPC), says the Kaduna Refining and Petrochemical Company (KRPC) will…

Iheanacho announces $116m oil refinery

Integrated Oil and Gas Limited on Saturday, said its 116 million dollars modular refinery would come on stream before the…

Fidson Healthcare posts N838mn profit before tax

Daniels Ekugo Fidson Healthcare Plc. released its audited 2015 financial results to the Nigerian Stock Exchange this week, recording an…

Sony develops the world’s first ghost-catching device

Sony Corporation has announced today that it has successfully perfected the Proton PackTM (#protonpack), a product designed to capture content…
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