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Business

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…

Niger govt. to recover stolen fund through EFCC, ICPC

Niger Government said it had decided to engage the anti-graft agencies to recover stolen funds from the past public office…

Nigerian firm accuses South African coy of $8,000 fraud

Mr Patrice Unogu, the Managing Director of Global Lifting Services Nigeria Limited, said on Saturday that the Nigerian Consulate in…

Sokoto Area Customs Command collects N124.3m revenue in September

The Nigeria Customs Service (NCS) said it had collected over N124.3 million as revenue in September from the Sokoto, Kebbi…

French coys to meet with Buhari, invest in Nigeria

A delegation of 50 heads of French companies are expected to visit Nigeria next week to explore business opportunities and…

Ghana foresees high cocoa purchases in 2015/16

Ghana projects cocoa purchases of 850,000-900,000 tonnes in the 2015/16 cocoa season that opened on Friday. The chief executive of…

Abuja Trade Fair: Exhibitors applaud organisers for extension of closing date

Exhibitors at the 10th Abuja International Trade Fair have applauded the organisers for the steps taken to extend the closing…

Ondo to begin chocolate production April 2016

The Ondo State Government on Friday said that a modern chocolate factory to process premium quality cocoa beans produced in…

50 French coys to visit Nigeria, meet with Buhari

A delegation of 50 heads of French companies are expected to visit Nigeria next week to explore business opportunities and…

Committee on establishment of national carrier submits report

The Ministerial Committee on Establishment of National Carrier has submitted its report to the Permanent Secretary, Federal Ministry of Aviation,…

DHL appoints new Sub-Saharan Africa CEO

DHL Global Forwarding, leading provider of air, sea and road freight services in Europe and Asia, has appointed Daniella de…

West African crude oil exports to China hit four-year low

Reuters – West African crude oil exports to China were set to fall to a four-year low in October, reflecting…

Over-billing: Abuja DISCO refunding money to customers

The Abuja Electricity Distribution Company (AEDC) says it has complied with a Federal Government’s directive to refund money to its…
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