Business

Capital Oil ends oil marketers monopoly, set to dispatch 20,000 trucks

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11 years ago

Capital Oil and Gas Ltd on Sunday commenced the loading of 13 million litres of petrol from its depot in…

Fuel Scarcity: Airtel may pull the plugs

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11 years ago

Telecommunication outfit, Airtel has issued a statement on the current diesel and petroleum product scarcity in Nigeria, noting that, the…

AfDB invests N2.91trn in Nigeria, others agric sector

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11 years ago

The African Development Bank (AfDB) said it has invested $14.78 billion (N2.91 trillion) in the agriculture sector of its Regional…

Energy crisis grounds economic activities, MTN warns of operational disruptions

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11 years ago

Social and economic activities in Nigeria is gradually grinding to a halt as acute energy crisis is forcing many businesses…

PENGASSAN, NUPENG to blame for electricity drop – FG

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11 years ago

The Federal Government on Friday in Abuja raised alarm over dwindling and epileptic electricity supply across the country and blamed…

Kano Electricity Company decries dwindling power allocation

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11 years ago

The Kano Electricity Distribution Company (KEDCO) has expressed concern over the dwindling power allocation to Kano from the National grid.…

Senate summons Okonjo-Iweala, Diezani as fuel scarcity worsens

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11 years ago

The Senate Committees on Petroleum Resources (Upstream and Downstream) have summoned Finance Minister, Dr Ngozi Okonjo-Iweala and Petroleum Minister, Diezani…

Customs Command Seme generates N712m in April

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11 years ago

The Seme Command of Nigeria Customs Service (NCS) on Friday said it generated N712.2 million as revenue in the month…

India lands jet fighter on highway as part of trial

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11 years ago

India Air Force (IAF) on Thursday landed a jet fighter on a highway close to New Delhi, the first of…

Okonjo-Iweala urges staff to support incoming administration

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11 years ago

The Minister of Finance, Dr Ngozi Okonjo-Iweala, on Thursday urged members of staff of the ministry to support the incoming…

CBN grants FBN Holdings Plc merchant banking licence

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11 years ago

The Central Bank of Nigeria (CBN) has approved a merchant banking licence for First Bank Nigeria Holdings Plc, through its…

FG spends N373bn on ex-PHCN workers’ settlements

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11 years ago

The Director-General, Bureau of Public Enterprises (BPE), Mr Benjamin Dikki, said the Federal Government spent over N373 billion to settle…

Fears Over Removal Of Oil Subsidy

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11 years ago

Nigeria’s crippling fuel shortages are unlikely to ease any time soon and much-needed deregulation of the subsidised market would be…

SMEs driving innovation in Nigeria – GE Report

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11 years ago

Innovation is one of key ingredient needed to excel in business and stay ahead of competition. In Nigeria, Small and…

Nigeria loses over N540.3bn to smuggling of poultry products

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11 years ago

The Poultry Association of Nigeria (PAN) says Nigeria is losing about 2.75 billion dollars (N540.38 billion equivalent) through smuggling of…

Make public Excess Crude Account, CACOL dares Okonjo-Iweala

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11 years ago

Eromosele Ebhomele The Coalition Against Corrupt Leaders, CACOL, on Wednesday dared the Minister of Finance and Coordinating Minister of the…

PENGASSAN To Shut Down Oil Well

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11 years ago

Nigerian oil workers will go on strike to halt a small field if the government does not meet with them…

Court Stops Jonathan From Signing Oil and Gas Bill

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11 years ago

Akin Kuponiyi A Lagos Federal High Court, on Tuesday, restrained President Goodluck Ebele Jonathan, from assenting to the bill for…

Amaechi got part of missing $20bn, Okonjo-Iweala fires back

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11 years ago

Nigeria’s Finance Minister, Dr Ngozi Okonjo-Iweala has suggested that Rivers state governor, Rotimi Amaechi got a piece of the missing…

PENGASSAN to shut down oil well

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11 years ago

Nigerian oil workers will go on strike to halt a small field if the government does not meet with them…

Globacom out with Mobile Rhapsody

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11 years ago

Nigeria’s national carrier, Globacom, has said that the newly launched Rhapsody of Realities, a daily devotional mobile service on its…

Gas Project: EFCC narrates how suspect squandered N2bn

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11 years ago

Afanda Bashir Emmanuel, the first prosecution witness in the ongoing trial of Chidi David Adabanya and 11 others by the…

Account For $20b Oil Fund Govs Tell Okonjo-Iweala

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11 years ago

Rising from their four-hour meeting at the Transcorp Hilton Hotel, Abuja on Tuesday, governors under the aegies of The Nigeria…

Buhari meets petrol marketers over fuel scarcity

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11 years ago

Nigeria’s president-elect, Muhammadu Buhari may have been holding discrete talks with petrol importers on how to resolve the lingering scarcity…

Petrol tanker drivers lament over Apapa quit order

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11 years ago

The National Union of Petroleum Tanker Drivers (PTD) on Monday said that the Lagos State Government vacation order to its…

Jonathan appoints Hassan-Baba as new executive secretary of NIPC

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11 years ago

President Goodluck Ebele Jonathan has approved the appointment of Mrs. Uju Aisha Hassan-Baba, as the new Executive Secretary/Chief Executive of…

Shell reopens Bonny Light crude export pipeline

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11 years ago

LONDON (Reuters) Shell reopened on May 16 the Trans Nigeria pipeline that feeds Bonny Light crude oil to the export…

80% of Nigerians do not pay tax

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11 years ago

Eighty per cent of taxable Nigerians do not have a taxpayer identification number and are therefore not paying taxes, the…

BPE begins process of privatising Bank of Industry

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11 years ago

Rasheed Olaoluwa, the Managing Director, Bank of Industry (BoI), on Saturday said the Bureau of Public Enterprises had opened bidding…

Seplat did not benefit from improper tax waivers – CEO

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11 years ago

Seplat Petroleum Development Company Plc has responded to recent press coverage suggesting that the Company benefitted from improper tax waivers…

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