Business

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…

Ecobank asks court to jail DMO’s DG

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11 years ago

Ecobank Nigeria Limited has accused the Director General of the Debt Management Office, DMO, Mr. Abraham Nwankwo, of frustrating its…

Ecobank Asks Court To Jail DMO’s DG

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11 years ago

Ecobank Nigeria Limited has accused the Director General of the Debt Management Office, DMO, Mr. Abraham Nwankwo, of frustrating its…

FG downgrades Asaba airport over safety concerns

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11 years ago

The Federal Government has downgraded the Asaba Airport over the failure of Delta State Government to put in place safety…

FG borrows N473bn to pay salaries – Okonjo-Iweala

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11 years ago

The federal government has borrowed 473 billion naira to meet up with recurrent expenditure including paying of salaries while it…

Nigeria to sell N60bn in bonds

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11 years ago

Nigeria plans to sell 60 billion naira ($300 million) of 5, 10 and 20-year sovereign bonds on May 13, its…

NSE market indices drop further by 0.14%

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11 years ago

Transactions on the Nigerian Stock Exchange (NSE) for the second consecutive day in the week closed on a negative note,…

2015 Budget: FG earmarks N145.2bn for oil subsidy – Okonjo-Iweala

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11 years ago

Dr Ngozi Okonjo-Iweala, Minister of Finance, said that N145.2 billion had been set aside for payment of subsidy on petroleum…

Agric Minister, Adesina, shuns Reps summon over rice import fraud

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11 years ago

The House of Representatives has threatened to sanction the Minister of Agriculture, Dr Akinwunmi Adesina over failure to appear before…

Fuel scarcity: We’ll supply adequate petrol – Marketers

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11 years ago

The Major Oil Markers Association of Nigeria (MOMAN) has assured the public of adequate supply of the Premium Motor Spirit…

NNPC searching for oil in Chad Basin

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11 years ago

The Nigerian National Petroleum Corporation (NNPC) said it was set to resume oil search in the Chad Basin following the…

Cashless Africa expo kicks off in Lagos

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11 years ago

The 5th MobileMoneyExpo will commence on May 6-7 at the Eko Hotel and Suite. The two-day expo will focus on…

Extradite ex-MINT boss, Okoyomon to UK, courts orders

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11 years ago

Justice E. S Chukwu of the Federal High Court sitting in Maitama, Abuja on Monday, May 4, 2015 ordered the…

Reverse power sector privatisation, Gusau residents tells FG

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11 years ago

Residents of Gusau Local Government Area of Zamfara on Monday urged the Federal Government to reverse the privatisation of the…

Dangote Cement to begin production in Tanzania

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11 years ago

The sub-Saharan Africa’s leading cement producer, Dangote Cement, says it will begin production of cement in Tanzania’s Mtwara region in…

Int’l Telecoms Week: MainOne leads Africa panel on local content

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11 years ago

MainOne, leading communications services company and operator of the premier Tier III Data Center in West Africa, MDX-I, will lead…

Sage ERP Africa, Datalinx offer warehouse management solution

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11 years ago

Sage ERP Africa has signed a distribution agreement with Datalinx, offering customers in Africa and the Middle East access to…

Nestle, UAC, MRS Q1 pretax profit fall

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11 years ago

Nestle Nigeria first-quarter pretax profit fell 50.7 per cent to 3.48 billion naira ($17.5 million) from a year ago, the…

Okonjo-Iweala To Buhari: You must do something about oil cartel

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11 years ago

Nigeria’s finance minister, Ngozi Okonjo-Iweala has set an agenda for the Buhari administration: to tame urgently the oil cartel holding…

Bayelsa communities seek Jonathan’s intervention on compensation

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11 years ago

Some Bayelsa communities that claim to have been affected by the January 2012 rig explosion at Chevron’s oilfields have called…

Probe PWC for deceiving Nigerians, Hon. Adeola tells Buhari

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11 years ago

The senator-elect for Lagos West Senatorial District and Chairman of the House of Representatives Committee on Public Accounts, Solomon Adeola…

Union assures Nigerians of stable power supply

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11 years ago

Aminat Ibrahim, the President of Senior Staff Association of Electricity and Allied Companies (SSAEC), on Friday assured Nigerians of improved…

Petrol sells for N300 per liter in Lagos

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11 years ago

Following the refusal by oil marketers to import fuel into Nigeria, petrol station owners seems to be cashing in on…

Lagos Expends N2.7 Trillion In 8 Years

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11 years ago

Kazeem Ugbodaga The aggregate budgetary expenditure of the Lagos State Government in the last eight years has been put at…

Power generation drops to 2,800MW

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11 years ago

Dr Godknows Igali, the Permanent Secretary, Ministry of Power on Thursday said power generation in the country had dropped to…

Glo celebrates Nigerian workers on May Day

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11 years ago

As Nigerian workers join the rest of their counterparts across the world to celebrate this year’s May Day, telecoms super…

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