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Business

World Food Prize Foundation appoints outgoing President of African Development Bank (AfDB), Dr Akinwumi Adesina to its Council of Advisors.

AfDB launches US$2bn Global Benchmark bond

The African Development Bank, AfDB has launched and priced a US$ 2 billion 3-year Global Benchmark bond due 16 September…

West Africa Automotive Parts Exhibition holds November in Lagos

West Africa Automotive Show (WAAS), a new international trade exhibition, is set to bring the region’s automotive parts industry together…

Drone attack halves Saudi Arabia crude output, oil prices may hit $100

Oil prices may go up as much as $100 after half of Saudi Arabia's oil production went offline following a…

NLNG shops for $10b loan

Nigeria LNG Limited, the operator of Africa’s largest natural gas plant, is in talks with lenders to finance a $10…

VAT hike will deepen poverty, CSOs warn Buhari

A group of civil society organisations (CSOs) has urged the Federal Government not to implement the plan to increase Value…

London Stock Exchange rejects HKSE $37b bid

The London Stock Exchange's board on Friday said it unanimously rejected the Hong Kong Stock Exchange's $37 billion takeover bid,…
U.S and China

China exempts U.S. pork and soybeans from additional levies

China’s state news agency, on Friday, reported that China will exempt U.S. agricultural products from added tariffs as Chinese firms purchased…

FIRS makes N97.7b from tax defaulters

The Federal Inland Revenue Service (FIRS), has raked in N97.7 billion from tax defaulters since it directed banks to put…

Americans paid record $6.8b Trump tariff in July

Businesses and consumers in the US paid $6.8 billion in tariffs in July, according to the free-trade advocacy groups Tariffs…

2 Maiduguri bizmen sent to jail over N13m dud cheque

Two businessmen in Maiduguri, Mohammed Danladi and Adam Abdulhamid have been remanded in prison over obtaining by false pretence and…

5 Cost-effective ways of promoting new business

The idea of launching a new product is very overwhelming. You can easily start on a running pace, provided you…

Apple unveils new iPhones with prices slashed

Apple unveiled its iPhone 11 models Tuesday with a price cut for the most basic models while also laying out…
Nigerian bourse records further downturn, capitalisation loses N281bn

Nigeria bourse drops further by N20bn amid security concerns

Transactions on the Nigeria bourse on Tuesday closed negative with a decline of N20 billion, extending bearish sentiment for the…
Shell

Shell loses N73b yearly to oil thieves

Shell Petroleum Development Company of Nigeria (SPDC) Joint Venture says it loses about N202 million daily in revenue to activities…

Nigeria’s crude topples shale oil in America’s west coast

Nigeria's oil, displaced by U.S. shale, has found an unlikely new outlet in the west coast of the continental United…

Fertiliser: How accessible is it to farmers in Nigeria

As part of efforts to ensure self-sufficiency in food production, the Federal and State governments initiated policies aimed at making…

What I told Dutch Envoy – Sanwo-Olu

Consul General of the Kingdom of the Netherlands in Lagos, Mr. Jan Van Weijen, assumed duty on Monday with a…

Orji Kalu: I didn’t sell FiBank shares in The Gambia

Senator Orji Kalu, former governor of Abia and Chief Whip of the Ninth Senate, has denied selling the issued shares…

Keystone Bank partners Google, Facebook to train MSMEs

In demonstration of its commitment to consistently promote and support the growth and development of the real sector, Keystone Bank…
British Airways ordered to pay Nigerian passenger N53m

British Airways planes grounded by pilots over pay dispute

British Airways pilots began a 48-hour strike on Monday, grounding most of the airline’s flights and disrupting thousands of travellers’…

What we are doing with EcobankPay, Xpresspoint Agents – MD

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has disclosed that the Bank is leveraging technology to push the frontiers of…

Contracts inflation: BPP saves N26.86bn for Federal Govt

The Bureau of Public Procurement (BPP) says it saved more than N26.86 billion for the Federal Government in 2018 alone,…
NNPC Group Managing Director, Mallam Mele Kyari

How US court freed NNPC from $2.7billion arbitration award

The NNPC has provided details of how United States Southern District Court of New York discharged it of liability to…
Jack Ma's Alibaba leads global firms in e-commerce

Jack Ma steps down from China’s Alibaba

Jack Ma, one of China's richest men, will step down next week as chairman of Alibaba, but the start-up he…
Fish farming profitable, but read this before you start

Revelation of a millionaire fish farmer

A 50-year old civil servant, Mrs Magdalene Suleiman, on Saturday, said she had made millions of naira since she ventured…
Petrol

NSCDC arrests 15 pump attendants in Akwa-Ibom

The Nigeria Security and Civil Defence Corps (NSCDC) has arrested 15 pump attendants in Akwa Ibom, for allegedly violating the Department…

Truecaller reaches 500m downloads, 150m daily active users

Truecaller announced has announced that the company has crossed 500 million downloads and surpassed 150 million daily active users (DAUs)…

Dollar, yen fall as global tensions ease, pound rallies

The safe-haven dollar and yen fell on Wednesday after global political worries eased with what markets perceived as positive news…
Malam Mele Kyari, Group Managing Director (GMD), Nigerian National Petroleum Corporation Ltd. (NNPCL)

US court saves Nigeria from another $1.8b arbitration award

In a case that bears some resemblance to P&ID $9.6b claims against Nigeria, a U.S. judge on Wednesday rejected Exxon…
Pipeline

45,347 pipeline breaks recorded in 18 Years – NNPC

The Nigerian National Petroleum Corporation (NNPC) on Saturday said that it had recorded a total of 45,347 pipeline breaks on…
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