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Business

Shell asks shippers exporting Nigerian oil to sign guarantee letter

Reuters – Royal Dutch Shell has asked ship owners exporting its Nigerian oil to sign a “letter of comfort” (LoC)…

Nigeria needs 17-20m housing units

Mr Gimba Kumo, Managing Director, Federal Mortgage Bank of Nigeria (FMBN), said 17 to 20 million housing units were needed…

Osinbajo calls for reduction in electricity tariffs

Vice President of Nigeria, Prof. Yemi Osinbajo, has stated that until there is stability in the power sector, electricity tariffs…

CAC explains temporary disruption of its services

The Corporate Affairs Commission (CAC) said on Thursday that the temporary disruption of services experienced by its customers in recently…

Edo communities hold BEDC hostage

Jethro Ibileke/Benin ‎Hundreds of youths, women and men of Ogbenogbo, Ogbegbuya and Goodwill/Trade Fair communities in Benin City, capital of…

Provide credit facilities to farmers, Okowa urges financial institutions

Jethro Ibileke/Asaba Delta State Governor, Dr Ifeanyi Okowa has challenged financial institutions to introduce robust credit policies on agriculture with…

Customs orders removal of rice from import ban list

The Comptroller-General of Customs, Col. Hameed Ali (rtd), has ordered the immediate removal of rice from import restriction list and…
Market Capitalisation

Blue chips drop price on NSE

Some blue chips on the Nigerian Stock Exchange (NSE) recorded further price depreciation on Wednesday as a result of profit…
Godwin Emefiele, CBN Governo

CBN insists Oct. 31 remains deadline for obtaining BVN

The Central Bank of Nigeria (CBN) says Oct. 31 remains the deadline for bank customers to obtain their Bank Verification…

Lord Mayor of London leads investors to Lagos

Kazeem Ugbodaga The Lord Mayor of the City of London, Alderman Alan Yarrow has assured the government of Lagos State…

5 countries declare interest in Nigeria’s mining sector

Alhaji Sani Shehu, the President, Miners Association of Nigeria, on Wednesday said five countries had declared interest to invest in…
Okupe

Debt recovery: Doyin Okupe gets temporary reprieve

Akin kuponiyi A Federal High Court sitting in Lagos, south west Nigeria, has adjourned till 27 October this year,the debt…

Nigeria’s Forte Oil sells stake to Mercuria for $200m

(Reuters) – Nigeria’s Forte Oil said on Wednesday it had sold a 17 percent stake to Mercuria Energy for $200…

General Electric trains journalists on Energy and Infrastructure reporting

African Media Initiative (AMI) and General Electric (GE) have partnered to boost media coverage of Energy and Infrastructure issues in…

Reps ask NERC, Discos to stop upward review of electricity tariff

The House of Representatives on Tuesday asked the National Electricity Regulatory Commission (NERC) to immediately stop distribution companies (Discos) from…

The Venture to launch in Nigeria

Daniels Ekugo Chivas Regal recently announced that The Venture will be launching in Nigeria for the first time. This follows…

DIGITAL TV TALK: Why Sport Content Is King

SPONSORED Sport content on pay-TV is a must-have for any provider. Sport in general has a lot of following. Football,…

Facebook to launch satellite to expand Internet access in Africa

Facebook Inc said it would launch a satellite in partnership with France’s Eutelsat Communications to bring Internet access to large…

Zenith Capital confirms Enakele’s appointment as Managing Director

The board of Zenith Capital Ltd., has confirmed the appointment of Mr Jubril Enakele as its Chief Executive Officer and…

Akwa-Ibom govt. ready to invest in pension equities, says Governor

The Akwa-Ibom Government says it is ready to invest in the pension industry to generate income for the state. Gov.…
Market Capitalisation

Expert urges investors to embrace E-dividend payment

Mr Charles Fakrogha, the Chief Executive Officer, Foresight Securities & Investment Ltd., on Monday advised investors in the capital market…

Shell commences production from Bonga Phase 3 project

Shell Nigeria Exploration and Production Company Ltd (SNEPCo) has announced the start-up of production from the Bonga Phase 3 project.…

Customs impound poultry products valued at N30.1m

The Nigeria Customs Service (NCS), Federal Operations Unit, Ikeja, Lagos, has intercepted 5,020 cartons of smuggled frozen poultry products with…

Cashew farmers made good profit in 2015 season –Association

Some cashew farmers on Sunday said they recorded huge sales and made profits from cashew nuts during the 2015 cashew…

Manitoba agrees to payments in Naira

After months of insistence that its outstanding invoices be paid in U.S. Dollars, Manitoba Hydro International Nigeria Limited (MHINL) has…

FG will state its position on Volkswagen scandal this week – Odumodu

The Federal Government will state its position on the Volkswagen (VW) emission scandal this week, Dr Joseph Odumodu, the Director…

NNPC Retail sues CAC, NNPG over trademark infringement

Nigerian National Petroleum Corporation Retail Limited has dragged the Natural Network Petroleum and Gas Company Limited and two others to…

Strike: Aviation unions give NCAA 14-day ultimatum

Trade unions in the aviation sector have given the Nigeria Civil Aviation Authority (NCAA) a 14-day ultimatum to promote their…

Nigerian firm produces 12,000 shoes monthly in South Africa

Roland Ogboru, the Chief Executive Officer of Fred Foot Wear, a South Africa-based firm, says the company manufactures 12,000 pairs…

FG, States, LGs should invest in agriculture – CADA

Owali Ilem, former Chairman of Cross River Commercial Agriculture Development Association (CADA), on Sunday urged all tiers of government to…
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