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Niger Delta JTF arrests 18 oil thieves

The Joint Task Force (JTF) in the Niger Delta, “Operation Pulo Shield” says that it arrests 18 suspected oil thieves…

Dangote triggers panic in Germany

HeidelbergCement rushed to buy control of Italcementi after fears that Nigeria’s cement mogul, Aliko Dangote also showed interest in the…

FAAC wants review of laws, price regime in gas sector

The Federation Accounts Allocation Committee (FAAC), has called for review of laws, fiscal and price regimes and licenses of gas…

Nigeria banks reject dollar deposits to curb speculation – FCMB CEO

LAGOS, (Reuters) – Nigeria’s commercial lenders have stopped collecting cash deposits in dollars in a move to discourage speculation on…

Buhari appoints new commissioner for insurance

President Muhammadu Buhari has appointed Alhaji Mohammed Kari as the Commissioner for Insurance and Chief Executive of the National Insurance…

Kaduna refinery producing 2m litres of petrol daily, says MD

The Kaduna Refining and Petrochemicals Company (KRPC), on Friday said it was currently releasing two million litres of petrol daily…

Oil price won’t rise even with reduced production quota – OPEC

Organisation for Petroleum Exporting Countries (OPEC) has said that prices for oil would not significantly rise even if the cartel’s…

International Best Practices Our Hallmark –NBC

Daniels Ekugo Officials at the Nigerian Bottling Company, NBC, Plant in Agidingbi, Lagos State, western Nigeria, said they adhere strictly…

Dangote refinery gets $1b grant from USTDA

The United States Trade and Development Agency (USTDA) Thursday in Lagos announced a grant of $997.4 million dollars as training…

Dangote Cement, Ecobank post higher profits

Presco Plc has released to the market its unaudited half year financial results. Despite commodity price challenges, the company reported…

Shell To Axe 6,500 Jobs

Royal Dutch Shell (RDSa.L) says it will axe 6,500 jobs this year and step up spending cuts, to deal with…

Buharism: Nigeria’s power supply now at 4656mw

The Management of Transmission Company of Nigeria (TCN) on Wednesday stated that the National Grid Transmission has recorded another peak…

Shell to axe 6,500 workers, cut spending

Royal Dutch Shell says it will axe 6,500 jobs this year and step up spending cuts, to deal with an…

PH, Warri refineries begin work, to produce 335, 000 barrels daily

The Nigerian National Petroleum Corporation (NNPC), says Port Harcourt and Warri refineries have commenced preliminary production of petroleum products after…

American Business Council elects GE’s Lazarus Angbazo as President

Lazarus Angbazo, the President and CEO of GE Nigeria has been elected president of the American Business Council (ABC) in…
Godwin Emefiele, CBN Governo

Nigeria spent $2.1billion on rice import in 3 years – CBN governor

The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele on Tuesday said the Federal Government spent 2.41 billion…

Merged LafargeHolcim Unveiled

Daniels Ekugo Cement makers Holcim Ltd and Lafarge officially unveiled their new combined building materials and construction company and said…

Osun CFAN Begins Chemical Distribution To Cocoa Farmers

The Cocoa Farmers Association of Nigeria, CFAN, Osun chapter said it had started the distribution of chemicals to cocoa farmers…

Elumelu Foundation Releases Report On Africa’s Business Climate

The Tony Elumelu Foundation says finance, infrastructure and inadequate resource centres are the major impediments affecting entrepreneurial development in Africa.…

DIGITAL TV TALK: Why Booting, Account Verification Takes A While

SPONSORED It is the wish of every pay-TV subscriber to have signal on the screen immediately the decoder is switched…

Buharism: Nigeria’s revenue rises for second consecutive month

Nigeria’s gross government revenues rose for the second consecutive month in June to 485.95 billion naira ($2.44 billion), up 33…
Godwin Emefiele, CBN Governo

Owing the Banks? Pay up or have your name published, says AMCON

The Asset Management Corporation of Nigeria (AMCON) on Monday asked loan defaulters to immediately square their accounts or it would…

Nigerian Customs blacklists GTB, Fidelity, Diamond banks

The Nigeria Customs Service (NCS) has suspended three commercial banks from collecting customs duties over their non-compliance with the partnership…

Coscharis Mobility Celebrates Sixt ‘Car Rent’ 2nd Anniversary

Daniels Ekugo As part of activities marking its second anniversary, Coscharis Mobility Ltd – Sixt Nigeria, has visited the Compassionate…

Technology increasingly shaping Africa’s financial sector – DHL

Sumesh Rahavendra, Vice President of Sales for DHL Express Sub Saharan Africa has stated that the African financial services industry…

Arik Air Triples Service On Abuja-PH-Abuja Route

Henry Ojelu Arik Air, Nigeria and West Africa’s leading airline, has increased flight frequency on the Abuja-Port Harcourt-Abuja route from…

SAP Africa Bolsters Leadership Team

Henry Ojelu SAP Africa has announced that after seven years of successfully leading and growing the Africa business, current CEO,…

Buhari will split NNPC into two, says Adesina

ABUJA, (Reuters) – Nigerian President Muhammadu Buhari plans to split the state oil company into two entities, his spokesman, Femi…

Loading from different tank farms cause for disparity in pump price – NUPENG

The National Union of Petroleum and Natural Gas Workers (NUPENG) on Friday said the disparity in pump price of premium…

Ex-DG of SEC, Arunma Oteh, appointed World Bank VP, Treasurer

Eromosele Ebhomele The former Director-General of the Nigerian Security and Exchange Commission, SEC, Ms. Arunma Oteh, has been appointed Vice…
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