Business

Farmers to Buhari: Relax credit access rules to boost food production

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11 years ago

Stakeholders in agriculture sector have appealed to the Federal Government to relax what they called stringent rules in accessing credit…

GTB sued N30billion for unlawfully freezing accounts

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11 years ago

Akin Kuponiyi In a bid to seek legal redress for alleged economic misfortune suffered as a result of their accounts…

Establish onion processing plants, Association tells FG

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11 years ago

Alhaji Wadata Musa, Vice Chairman, Hamdala Onions Sellers Association, Mile 12 International Market, Lagos has appealed to Federal Government to…

Nigeria crude differential hits 10-year low as glut takes toll

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11 years ago

LONDON (Reuters) – Official prices for Nigerian crude have hit their lowest in at least a decade as a nagging…

Nigeria picks Akwa Ibom, Kogi as sites for nuclear power plants

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11 years ago

Nigeria has selected two sites for the construction of its planned nuclear power plants, as Africa’s biggest economy tries to…

Transcorp on track to generate 850 MW in 2015

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11 years ago

LAGOS, June 19 (Reuters) – Nigerian conglomerate Transcorp is on track to achieve power generation capacity of 850 megawatts this…

NLNG to construct first Nigeria major ship yard for $1.5bn

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11 years ago

LAGOS, (Reuters) – Nigeria Liquefied Natural Gas Company (NLNG) is sponsoring the construction of the first major ship yard in…

Benin airport to be shut down for maintenance

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11 years ago

Jethro Ibileke/Benin There are indications that the Benin Airport may be shut down to air passengers for about four weeks…

NSE transactions maintain negative trend

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11 years ago

Trading on the Nigerian Stock Exchange (NSE) on Thursday remained on downward trend for the third consecutive days as a…

Nigeria raises 144 bln naira in Treasury bills; yields mixed

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11 years ago

LAGOS, (Reuters) – Nigeria raised 143.64 billion naira ($723 million) in Treasury bills with mixed yields, the central bank said…

Dangote Takes Cement Empire To Asia

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11 years ago

Africa’s richest man, Aliko Dangote, says he’s expanding his cement empire to Asia and it will be operational in 30…

Stop harassing marketers, DPR tells task force

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11 years ago

The Department of Petroleum Resources (DPR) on Wednesday appealed to the State Task Force on Petroleum against harassment, extortion and…

I’m still going to buy Arsenal, says Dangote

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11 years ago

Africa’s richest man, Aliko Dangote, is optimistic that he will buy English Premier League club, Arsenal FC in the nearest…

Nigeria to raise N120.5bn in Treasury bills next week

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11 years ago

Nigeria plans to sell 120.52 billion naira ($606 million) of 3-month, 6-month and 1-year Treasury bills on June 24, the…

Stanbic IBTC to publish list of loan defaulters

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11 years ago

LAGOS, June 17 (Reuters) – Nigeria’s Stanbic IBTC, the local unit of South Africa’s Standard Bank, said on Wednesday it…

Bart Nnaji’s Geometric Power to build 1,080MW plant

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11 years ago

LAGOS, (Reuters) – Nigeria’s Geometric Power will build a 1,080 megawatt power plant jointly with General Electric , with the…

Nestle cuts 15% of its Africa workforce

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11 years ago

June 16 (Reuters) – Swiss food and drinks company Nestle SA is cutting 15 percent of its workforce in 21…

Nigerian appointed secretary of CTO

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11 years ago

A Nigerian Shola Taylor has been appointed secretary-general of the Commonwealth Telecommunications Organisation (CTO), an international organisation headquartered in London.…

Buhari Angry Over NNPC’s Numerous Bank Accounts

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11 years ago

President Muhammadu Buhari was visibly angry when he revealed that the Nigerian National Petroleum Corporation, NNPC, has too many bank…

What They Won’t Tell You About Pay-As-You-Watch TV

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11 years ago

SPONSORED The budget-conscious segment of the pay-Television market in Nigeria has been strident in its push for a pay-as-watch (PAYW)…

NNPC doesn’t know all its bank accounts, says Buhari

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11 years ago

The Nigerian National Petroleum Corporation has too many bank accounts, some of which either the Ministry of Finance or the…

Europe’s migrants including Nigerians send home $110bn in 2014

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11 years ago

The International Fund for Agricultural Development (IFAD), disclosed in a report published on Monday in Rome, that the Europe’s 50-million-strong…

NERC licenses 4 coys to generate 774 MW of electricity

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11 years ago

The Nigerian Electricity Regulatory Commission (NERC) has issued on-grid licences to four companies to generate 774 megawatts (MW) of electricity.…

Mobile money transactions now stand at N5bn annually – CBN

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11 years ago

Dipo Fatokun, Director, Banking Supervision of the Central Bank of Nigeria (CBN), on Sunday said that the nation’s transactions in…

EFCC, DSS investigating Sahara Group, Aiteo, Duke Oil crude oil swap contracts

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11 years ago

ABUJA, (Reuters) – Nigerian authorities have launched an investigation to determine whether the government has been short-changed by a state…

Excitement As P/Harcourt Refinery Begins Operation Soon

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11 years ago

Eromosele Ebhomele Nigerians this morning heaved sighs of relief and expressed happiness at the news that the Port Harcourt Refining…

Nigeria inflation rises to 2-year high on food prices

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11 years ago

LAGOS, (Reuters) – Nigeria’s consumer inflation rose to 9.0 per cent year-on-year in May, the upper end of a central…

Port Harcourt refinery to produce 5m litres of petrol daily – NNPC

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11 years ago

The Group Managing Director (GMD), Nigerian National Petroleum Corporation (NNPC), Dr Joseph Dawha, on Thursday said the Port Harcourt Refinery…

CBN N8bn scam: Court reserves ruling till June 19

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11 years ago

Justice Adeyinka Faji of the Federal High Court sitting in Ibadan on Thursday fixed June 19 to rule on bail…

Mortgage Bank In Trouble Over N750m Deposit

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11 years ago

Henry Ojelu A consulting firm, OG Consulting has petitioned the Economic and Financial Crimes Commission, EFCC, over a N750 million…

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