Business

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…

Don’t label Nigerian products as Made-In-Asia, Manufacturers lament

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11 years ago

Some manufacturers and experts on Thursday in Lagos decried the trend of labeling Nigerian goods as made-in-Asia or made-in-China. They…

Okonjo-Iweala terminates SURE-P partnership with Forcecom

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11 years ago

Minister of Finance Ngozi Okonjo-Iwela, has directed the immediate termination of the partnership with FORCECOM Networks Ltd., on the Graduate…

FG harmonises tax, levies nationwide, says Okonjo-Iweala

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11 years ago

The Federal Government on Thursday heeded the appeals of the organised private sector (OPS) with the harmonisation of various governments…

N2.5bn: Skye Bank takes case against Tuns Farm to Supreme Court

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11 years ago

The drama between Skye Bank and Tuns Farm Nigeria Plc has taken a new turn. The commercial bank has approached…

Emir Sanusi reiterates that NNPC diverted billions of dollars

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11 years ago

The man who blew open the corruption saga that rocked the Nigerian National Petroleum Corporation (NNPC), Emir Muhammed Sanusi, has…

Appeal Court orders Skye Bank to pay Osogbo firm N2.5bn

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11 years ago

The Federal Court of Appeal sitting in Akure, on Tuesday upheld an earlier judgment by an Osun state High Court…

Revive Ajaokuta steel, Itakpe iron, Geoscientists tell Buhari

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11 years ago

Nigeria’s president-elect, Muhammadu Buhari has been called upon to revive Ajaokuta Steel and Itakpe National Iron Ore Mining Companies when…

Fashola commissions N1bn recycling plant in Igando

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11 years ago

Governor Babatunde Fashola of Lagos State on Tuesday inaugurated a N1bn material recovery facility in Igando, designed to convert waste…

Don Jazzy, Mavins set to join Glo in multi-million naira deal

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11 years ago

In a move set to rock the corporate and entertainment world, Don Jazzy and the Mavins look set to ‘port’…

Universal Energy commence crude oil production at Stubb Creek

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11 years ago

Universal Energy Resources Limited has announced commencement of crude oil production from its Stubb Creek Field in Akwa Ibom state,…

MTN Foundation spends N11bn on CSR in 10 years

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11 years ago

The Chairman of MTN Foundation (MTNF), Mr Hamzat Ahmadu, on Monday said that the foundation had spent over N11 billion…

I’ll focus on agriculture, mining, not crude oil – Buhari

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11 years ago

Nigeria’s president-elect, General Muhammadu Buhari, on Sunday in Abuja said he would shift attention from oil to agricultural and mining…

83m subscribers use internet on Nigeria’s telecom networks – NCC

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11 years ago

The Nigerian Communications Commission (NCC) says the number of internet users on the country’s telecom networks increased to 83,362,814 as…

Ban wheat importation now, Association tells FG

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11 years ago

The Wheat Farmers Association of Nigeria (WFAN) in Kano State has called on the incoming administration to ban the importation…

N100,000 loan not enough, farmers tell govt

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11 years ago

All Farmers Association of Nigeria (AFAN) Kogi chapter, on Saturday said the N100, 000 loan grant to farmers by the…

13 airports ready with airfield lighting soon – FAAN

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11 years ago

The Federal Government said that 13 airports across the country were being fitted with airfield lighting for improved productivity and…

Court orders Ecobank to pay ex-staff N8.5m for wrongful dismissal

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11 years ago

The National Industrial Court, Abuja, on Friday ordered Ecobank Plc to pay Mr Uche Abrah , the sum of N8.5…

Interbank rates rise after Treasury bills sales

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11 years ago

LAGOS (Reuters) – Nigeria interbank lending rates rose 3.25 percentage points week-on-week on Friday to 9.25 points on average, driven…

Fuel Scarcity: Oil marketers fear Buhari will stop subsidy payments

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11 years ago

* Queues for petrol worsen across the country * Importers hold back over subsidy fears * Buhari government faces backlog…

Ikeja Electric explains power outage in Lagos

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11 years ago

The management of Ikeja Electric (IE) on Friday attributed the current rate of power interruption across its network to low…

PEF saves N360bn through e-loading – Kasali

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11 years ago

Mrs Adefunke Kasali, the outgoing Executive Secretary, Petroleum Equalisation Fund (PEF), said the agency saved more than two billion dollars…

We have 1.2bn litres of petrol in stock, NNPC boasts

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11 years ago

The Nigerian National Petroleum Corporation (NNPC) and its downstream subsidiary, the Pipelines and Products Marketing Company (PPMC), said they had…

Pipeline Vandalism: NNPC should be held responsible – Amosun

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11 years ago

Abiodun Onafuye/Abeokuta Governor Ibikunle Amosun of Ogun state, Southwest, Nigeria has charged the Federal Government on the management of petroleum…

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