Business and Economy
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FEC approved N1.43tn contracts in 2014
Against the backdrop of criticisms that the recent removal of distribution losses from electricity tariffs and the subsequent reduction of…
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Shell Sells Nigerian Oil Lease for $1.7 Billion to Local Company
Royal Dutch Shell Plc has completed the sale of its oil lease in Nigeria’s eastern Niger River delta for $1.7…
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Kraft shares soar on Heinz merger
US food giant Heinz is to merge with Kraft Foods Group, creating what the companies say will be the third-largest…
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Nigerians generate 2,500MW from diesel, petrol, kerosene – NNPC
Nigerian households and businesses generate 2,500 megawatts of electricity from petrol, kerosene and Automotive Gas Oil (AGO, popularly known as…
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