Business and Economy
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SPDC contains leaks on Trans Ramos Pipeline …prepares for final phase of JIV
The Shell Petroleum Development Company of Nigeria Limited (SPDC) has confirmed four leak points on its 24” Trans Ramos…
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Forex: CBN floods market with $100m … To get tough with erring banks … To pump more forex into market
In an apparent move to safeguard the interest of customers seeking to purchase foreign exchange for personal obligations and checkmate…
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Kaduna senators caution banks against granting loan to state govt
By Cecilia Ijuo The three senators representing Kaduna State in the National Assembly have advised local and foreign banks…
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Nestle shareholders laud N21.79bn dividend for 2017
By Chinyere Joel-Nwokeoma Nestle Nigeria Plc shareholders on Tuesday approved a final dividend of N21.79 billion recommended by the company…
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15 revenue-generating agencies fail to account for N8.1t under Jonathan – Minister
The Minister of Information and Culture, Alhaji Lai Mohammed, has said 15 revenue generating agencies of the federal government failed…
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SPDC JV spends N14.85 billion on GMoUs in Rivers State
A total of N14.86 billion has been invested by the Shell Petroleum Development Company of Nigeria Ltd (SPDC) operated Joint…
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CBN lifts Retail SMIS with $293m
The Central Bank of Nigeria (CBN) on Friday, May 18, 2018 lifted the Retail Secondary Market Intervention Sales (SMIS)…
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Dangote visits IBB at his uphill residence; Foundation empowers women with N250m in Niger
By Rita Iliya Business Mogul and President of Dangote Group, Alhaji Aliko Dangote, on Thursday visited Former Military President,…
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President Buhari’s administration is pro-private business – Lai Mohammed; Benefits of privatisation not yet fully appreciated – Okoh, BPE DG
Minister of Information and Culture, Alhaji Lai Mohamed has declared that the President Muhammadu Buhari’s administration is pro-private business and…
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Shell Nigeria Gas boosts domestic gas distribution capacity by 150%
Shell Nigeria Gas (SNG) Limited has increased its domestic gas distribution capacity by 150% over the last six months. The…
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Metropolitan Networks promises cutting- edge IT solutions in Nigeria
United Kingdom-based Information and Technology firm, Metropolitan Networks, is entering Nigeria with a promise to offer cutting edge solutions. Founded…
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Nestle launches global initiative to help children lead healthier lives; “Nestlé for Healthier Kids” to help 50 million children lead healthier lives by 2030
On the United Nations International Day of Families, Nestlé announced its global “Nestlé for Healthier Kids” initiative. The program includes…
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Forex: Inter-Bank sector gets $210m
In another round of intervention, the Central Bank of Nigeria (CBN) on Tuesday, May 15, 2018, injected the sum of…
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DBI boss wants Government to invest in ICT skills
Dr. Ikechukwu Adinde, the Administrator of the Digital Bridge Institute (DBI), Nigeria’s foremost ICT capacity building institute, has canvassed more…
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Nigerian Banks must deploy technology to adapt to regulatory changes and risk management
As one of the most regulated industries in the world, banks are under pressure to not only comply with constantly…
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Zinox attains INTEL Platinum Status
Zinox Technologies Ltd., foremost ICT Solutions company, has become the region’s first local Original Equipment Manufacturer (OEM) to achieve the…
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Bonga achieves 763 million oil barrels production since inception in 2005
Shell Nigeria Exploration and Production Company (SNEPCo) delivered a total of 763 million barrels of oil from the Bonga field…
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Relocate to safer areas, Ikpeazu tells street traders, motorists …calls for safety on roads under construction
The Governor of Abia State, Dr. Okezie Ikpeazu, has directed that all street traders, commercial tricycle (Keke) operators and bus…
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Gov. Ugwuanyi pledges support as Enugu CBN Solar City takes off
The Governor of Enugu State, Chief Ifeanyi Ugwuanyi has pledged to support the construction of the first solar powered estate…
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Sahara Power Group backs ‘Light Up Nigeria Energy Conference’ to bolster sector growth
In keeping with its commitment to bolster growth and efficiency in the Energy Sector, the Sahara Power Group will join other…
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Wema Bank holds AGM, commits to sustainable growth through innovations
Wema Bank Plc has reaffirmed its commitment to sustain its financial growth through innovations. The bank made this known…
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2018 World Malaria Day: NLNG, LCCI partner towards eradicating malaria in Nigeria
Attaining a malaria-free country is a goal the Nigerian Liquefied Natural Gas (NLNG) Limited and the Lagos Chamber of…
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FOREX market gets additional $210m CBN boost
The Central Bank of Nigeria (CBN), on Tuesday, May 8, 2018, boosted the inter-bank Foreign Exchange market with another…
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Nigeria’s first Marine Engineering Centre of Excellence starts Masters programmes
The pioneer post graduate students at the Marine and Offshore Engineering Centre of Excellence have commenced studies at Rivers State…
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Rail concession: FG signs $45m interim agreement with GE – Amaechi
By Taiye Elebiyo-Edeni The Federal Government has signed 45million dollars interim phase agreement with General Electric (GE) for the…
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