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Saturday, 16th December, 2017
 Business News:
Nigeria: (Dec 16, 2017) - The Nigerian National Petroleum Corporation on Saturday said it did not breach due process in the award of the controversial Ajaokuta-Kaduna-Kano, AKK, Gas Pipeline contract, or any...
Nigeria: (Dec 15, 2017) - The Nigeria National Petroleum Corporation (NNPC) has disclaimed reports credited to its Group Managing Director, Mr Maikanti Baru, linking Abba Kyari to N50 billion kept away from...
Nigeria: (Dec 15, 2017) - The House of Representatives Committee on Oil and Gas on Thursday gave 10 indigenous oil companies in the country two weeks to remit 250 million dollars oil royalty to federal government’s...
Nigeria: (Dec 14, 2017) - The International Monetary Fund on Wednesday said Nigeria still remained a destination for investors. The Senior Financial Sector Expert, Debt and Capital Market Instruments Division,...
Nigeria: (Dec 13, 2017) - Google on Wednesday announced the results of its 2017 Year in Search, offering a unique perspective on the year’s major moments and top trends based on searches conducted in Nigeria. In...
Nigeria: (Dec 13, 2017) - Dangote Foundation on Wednesday said it would commit N36 billion to implement its malnutrition intervention plan in Nigeria from January 2018. The Chief Executive Officer of the...
Nigeria: (Dec 13, 2017) - Gov. Nasir El-Rufai of Kaduna State has signed the N216.55 billion, 2018 budget passed by the State House of Assembly into law. The budget is made up of N131.1 billion capital expenditure...
Nigeria: (Dec 12, 2017) - The World Bank said on Tuesday it would no longer finance upstream oil and gas projects after 2019, apart from certain gas projects in the poorest countries in exceptional circumstances. “As...
Nigeria: (Dec 12, 2017) - Brent crude oil prices jumped above $65 per barrel after the shutdown of the Forties North Sea pipeline knocked out significant supplies from a market that was already tightening due...
Nigeria: (Dec 11, 2017) - The Central Bank of Nigeria under the auspices of the Bankers’ Committee has concluded plans to use the Bank Verification Number of customers to blacklist loan defaulters from...
Nigeria: (Dec 11, 2017) - Oando Plc has headed for the Court of Appeal in its bid to lift the technical suspension imposed on its shares on the floor of the Nigerian stock market by the Securities and Exchange...
Nigeria: (Dec 11, 2017) - New research just released by Alliance for Affordable Internet , A4AI, has showed that broadband affordability is improving across the globe, though the cost to connect remains out...
Nigeria: (Dec 11, 2017) - Lagos State Governor, Akinwunmi Ambode on Monday presented a budget of N1.046 trillion to the State House of Assembly for approval. The budget represents 28.6 percent increase over...
Nigeria: (Dec 10, 2017) - Total disclosure in the administration of crude sales remains an issue at the Nigerian National Petroleum Corporation (NNPC) despite current efforts at enthroning transparency in the...
Nigeria: (Dec 06, 2017) - One of the African pride and billionaire entrepreneur Tony Elumelu was honored with the Dwight D. Eisenhower Global Entrepreneurship Award in New York.   He...
Nigeria: (Dec 06, 2017) - Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the nation’s foreign reserves have risen to $38.2 billion, its highest point in 39 months. Emefiele made...
Kenya: (Dec 05, 2017) - The International Monetary Fund (IMF) has appointed a Kenyan, Nancy Asiko Onyango, as Director of Internal Audit and Inspection (OIA). The appointment was announced on Monday by IMF...
Nigeria: (Dec 05, 2017) - On Sunday ,December 4, 2017 , the price of cryptocurrency bitcoin surged to 11,800 dollars  its highest level yet. Bitcoin, a peer-to-peer digital currency system created in...
Nigeria: (Dec 04, 2017) - The picture of a female pilot plying the Abuja route has surfaced on social media with female folks celebrating her. A 25-year-old female pilot dazzled and amazed some of her passengers...
Nigeria: (Dec 04, 2017) - Nigeria is expecting over N240 billion revenue from the sale of cocoa this year as demand for the product soars in the global market. The report on the exportation of cocoa beans...
Nigeria: (Dec 02, 2017) - The Nigerian youth need to be more creative and enterprising to improve the economic and political landscape of the country, Mr Peter Okoye of the “P-Square’’ fame,...
Nigeria: (Dec 01, 2017) - The Nigerian Deposit Insurance Corporation (NDIC) sounded a strong warning at those allured by the high gains promised by promoters of digital currencies, saying that it is meddling...
Nigeria: (Dec 01, 2017) - The Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Maikanti Baru, has appealed to Independent Petroleum Marketers Association of Nigeria, IPMAN, not to embark...
Nigeria: (Dec 01, 2017) - The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has affirmed that with the Nigerian economy exiting the recession, following a number of policy responses, the...
Nigeria: (Dec 01, 2017) - Crude Oil prices is expected to rise further as the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC talks ended with an agreement to extend the production cut deal...
Nigeria: (Nov 30, 2017) - Oil prices rose on Thursday ahead of an OPEC meeting in Vienna at which producers are expected to extend a supply-cut deal that came into effect in January with the goal of tightening...
Nigeria: (Nov 30, 2017) - The Independent Petroleum Markers Association of Nigeria, Lagos State chapter, has accused the Nigerian National Petroleum Corporation of undersupplying its members with Premium Motor...
Nigeria: (Nov 29, 2017) - The managing director of the Nigerian Ports Authority Bala Usman, has called on employers in the maritime sector to give more opportunities to women. She made the call during her...
Nigeria: (Nov 28, 2017) - Pakistan has begun the importation of Nigeria’s Liquefied Natural Gas (LNG) as part of efforts to deepen the economic relationship between the two nations. Pakistan Head of...
Nigeria: (Nov 28, 2017) - Imported banana, with low prices, has flooded Abuja markets, raising concerns about the country’s food security, the livelihoods of banana farmers and traders as well as the health...
Nigeria: (Nov 28, 2017) - The Managing Director, Nigerian National Petroleum Retail Limited, Mr Yemi Adetunji says the market shares of the company have grown to 14 per cent in 2016. Adetunji disclosed this...
Nigeria: (Nov 27, 2017) - A university lecturer, Dr Aminu Usman, has advised the Federal Government to ensure policy consistency in programmes implementation to sustain positive Gross Domestic Product (GDP) Nigeria’s...
Nigeria: (Nov 27, 2017) - The Nigerian National Petroleum Corporation (NNPC) says it has almost concluded discussion on the choice of a core investor for the proposed bio-fuel plant in Benue. The Group Managing...
Nigeria: (Nov 27, 2017) - Those with penchant for luxury products may have to have a rethink as they may soon be paying more for their high taste. The federal government plans to impose special taxes on such...
Nigeria: (Nov 25, 2017) - The Central Bank of Nigeria (CBN) spent about N6 billion to establish a business school in the Ahmadu Bello University (ABU), Zaria, Kaduna. The university’s Vice-Chancellor,...
Nigeria: (Nov 25, 2017) - Gov. Udom Emmanuel of Akwa Ibom on Friday presented 2018 budget of N651.50 billion to the Akwa Ibom House of Assembly for consideration. The News Agency of Nigeria (NAN) reports...
Nigeria: (Nov 24, 2017) - The Pharmacists Council of Nigeria (PCN) on Friday, revealed that it has sealed 339 illegal pharmaceutical premises in the Federal Capital Territory, Abuja. While briefing newsmen...
Nigeria: (Nov 24, 2017) - President Muhammadu Buhari has approved the release of N800 million for each of the 36 states of the federation as part of the Budget Support Loan Facility. The Minister of Budget...
Nigeria: (Nov 23, 2017) - The Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah, said quality of goods and services will no longer be compromised in Nigeria. Enelamah stated this at the 1st...
Nigeria: (Nov 23, 2017) - The National Bureau of Statistics (NBS) said revenue generated from Value Added Tax (VAT), increased by 1.73 per cent in the third quarter of 2017. The NBS announced the figure in...
Nigeria: (Nov 23, 2017) - President, African Development Bank, Dr Akinwumi Adesina says the bank would invest $12bn in the power sector in Africa in four years with the goal of leveraging on the aviation sector. Adesina...
Nigeria: (Nov 23, 2017) - Abdulrazak Namdas, spokesman of the House of Representatives, says it will take a minimum of three months for the 2018 budget to be ready. While presenting the budget to the national...
Nigeria: (Nov 22, 2017) - House of Representatives Committee on Public Petitions says it will investigate alleged missing $60.3bn Petroleum Profit Tax and Royalty revenues at the Central Bank of Nigeria. Chairman...
Nigeria: (Nov 21, 2017) - Dangote Cement would on Thursday in Congo commission its 1.5 million metric tonnes per annum capacity Cement Plant valued at 500 million dollars. This was disclosed in a statement...
Nigeria: (Nov 21, 2017) - The federal government says it has successfully priced its $3 billion Eurobond with a tenor of 10 and 30 years. This is the biggest Eurobond Nigeria has ever issued. The $1.5...
Nigeria: (Nov 21, 2017) - The Nigeria Extractive Industries Transparency Initiative (NEITI) says the federal government’s revenue from mining  increased by 23 percent to N69 billion because of increased...
Nigeria: (Nov 20, 2017) - The Nigerian National Petroleum Corporation, NNPC and its joint venture partner, Chevron Nigeria Limited, CNL, at the weekend executed the second and final phase of an alternative financing...
Nigeria: (Nov 20, 2017) - Nigeria’s Gross Domestic Product, GDP, grew in third quarter of 2017 by 1.40 per cent in real terms, the National Bureau of Statistics, NBS, said on Monday. In a report titled...
Nigeria: (Nov 20, 2017) - The Industrial Global Union, Africa, says African nations must stop their romantic affair with China and other developed countries through the importation of goods and services if the...
Nigeria: (Nov 19, 2017) - Governor Ayodele Fayose of Ekiti State has questioned the rationale behind the Federal Government’s hiring of consultants from Malaysia with the sum of N458 million to help Nigeria...
Nigeria: (Nov 17, 2017) - The Niger Delta Development Commission (NDDC) is to set up a bank as part of measures to sustain its mandate beyond oil and fast track development. The commission has also resolved...