Business

Activities on the Nigerian Stock Exchange (NSE) on Monday was upbeat, with market capitalisation improving by N130 billion following price...

Crude oil: Nigeria loses 800,000 barrels daily to pipeline vandalism, says Kachikwu

Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Monday said Nigeria’s crude oil production had declined from 2.2...

Aviation

Scarcity of aviation fuel disrupts flight operations at Lagos airport

The lingering scarcity of Jet A1, popularly called aviation fuel, on Monday disrupted flight operations at the Murtala Muhammed Airport...

Aviation

FG to concession Abuja, Lagos, Kano, Port Harcourt airports

Minister of State, Aviation, Senator Hadi Sirika, says the Federal Government will concession the Abuja, Lagos, Port Harcourt and Kano...

Lagos now officially an oil-producing state

by Femi Adewale

Lagos State Governor, Mr. Akinwunmi Ambode, on Monday declared that Lagos has officially joined the League of Oil Producing States...

Labour leaders on N145 per litre: No retreat, no surrender, say ‘the implications are costly and far-reaching’

Communique issued at the end of the emergency meeting of the National Executive Councils of the Nigeria Labour Congress (NLC),...

Dangote wants Nigeria to capitalise on oil market glut for economic diversification

President, Dangote Group, Alhaji Aliko Dangote, has advised Nigerians to encourage governments at all levels to implement reforms that will...

Fashola meets solar power promoters, says ‘We are looking everywhere where we can get energy and every energy now, I will take’

by Roland Edwards

Fashola meets solar power promoters, says 'We are looking everywhere where we can get energy and every energy now, I...

Labour to FG: Annul recent petrol price increase or face nationwide strike

Labour leaders have threatened to begin an indefinite strike by midnight on Tuesday if the Federal Government fails to annul...

Dangote Tomato Processing Company suspends production

May 13, 2016

The newly established Dangote Tomato Processing Factory in Kadawa, Kano State, has suspended production, its Managing Director, Alhaji Abdulkadir Kaita,...

Reps to investigate discriminatory prices of petrol

New fuel price regime inevitable, says FG

May 13, 2016

The Federal Government has said the introduction of a new price regime for Premium Motor Spirit (petrol) has become inevitable...

CBN links cashless policy to increased electronic banking risks

CBN cautions bank customers against fraudulent SMS on debit cards

by Roland Edwards

The Central Bank of Nigeria (CBN) has cautioned bank customers against disclosing their Debit (ATM) Card details to fraudsters who...

Subsidy removal positive for oil, banking sector as NSE market indices record 0.91% growth

by Ola Simeon

Major oil companies on Thursday on the Nigerian Stock Exchange (NSE) reacted positively to the Federal Government's removal of subsidy...

Kachikwu: Subsidy removal will sustain supply, reduce suffering

Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said the new pump price of N145 for Premium Motor Spirit...

WEF: Dangote, business leaders seek change in perception on doing business in Africa

Conscious efforts at countering and redressing the gloomy pictures painted about doing business in Africa was a major panacea offered...

Fayose: Fuel price increment, a political 419; says ‘it is Buhari’s wickedness taken too far’

by Femi Adewale

Governor Ayodele Fayose of Ekiti State has said that President Muhammadu Buhari and his All Progressives Congress (APC) “are playing...

Nissan stakes $2.2bn controlling shares in Mitsubishi Motors

Nissan Motor has agreed to take a 34 per cent stake worth $2.2 billion in Mitsubishi Motors Corp., Nissan Chief...

Balarabe Musa: With N145 per litre, Nigerians in trouble; says new price regime will only benefit those in government

Former governor of Kaduna State, Alhaji Balarabe Musa, has urged the Federal Government to reverse the N145 new petrol pump...

EXIM Bank signs $100m MoU with UBA to expand trade between U.S. and Africa

Fred P. Hochberg, Chairman and President of the Export-Import Bank of the United States (EXIM Bank), and Phillips Oduoza, CEO...

NLC vows to resist fuel price increase, says ‘Kachikwu acting like a sole administrator’