Business

Nigeria plans to capitalize its state-owned Bank of Agriculture with N1 trillion ($3.2 billion) and will allow the lender to take deposits as Africa’s...

Crude Oil In Commercial Quantity Discovered In Benue Trough – NNPC       The Nigerian National Petroleum Corporation on Thursday said the volume of crude oil discovered...

SEC Takes e-Dividend Campaign to South East In a move to further enlighten investors and the general public on the process and benefits of e-Dividend,...

The Lagos State Government says Nigeria spends $11bn (N3.1tn) annually to import wheat, rice, sugar and fish. The government stated this  at a capacity building...

Gov Sani-Bello Signs 2019 Appropriation Bill ...lauds Assembly for Timely Approval Niger State Governor, Alhaji Abubakar Sani-Bello has signed into law the 2019 appropriation bill at...

Mining: FG Procures N360m Customized Core Drilling Rigs In attempt to boost geosciences data for operators in the mining sector, the federal government recently disclosed...

AFDB Presidency: Buhari nominates Adesina for re-election President Muhammadu Buhari has nominated Dr Akinwunmi Adesina for re-election as the President of African Development Bank (AfDB). Akinwunmi,...

Increased oil production in the United States is hampering efforts to balance out market supply and demand, OPEC has complained. While a “rebalancing of the...

The Nigerian Communications Commission (NCC), in partnership with the Central Bank of Nigeria (CBN), has successfully staved off the takeover of Etisalat Nigeria telecommunications...

Stock Market Gains N212bn On Sustained Positive Sentiment         The equities market on Tuesday extended gains by N212bn following gains recorded by some blue-chip firms. The key...

Like the exercises before it, the celebrated priva­tisation of the Nigeria Telecommunications Limited (NITEL) and its mo­bile arm, MTEL, is heading for the rocks....

Over 150million telecoms consumers in the country will spend close to N3.5trillion on telecoms services by the end of this year, all things being...

UK Court Quashes Nigerian Oil Spill Case Against Shell The Court of Appeal in the United Kingdom has dismissed a claim for compensation against Royal...

…Once again Kachikwu’s International Diplomacy Yields Dividends as oil prices surge After about forty eight (48) hours of a grueling meeting of the Organization of...

NNPC Reduced Depot Price To Remain Competitive - Operators   The recent reduction in the ex-depot price of petrol by the Nigerian National Petroleum Corporation was...

Equities Rally N261bn In Four Days In 2 Weeks   Nigeria equities recorded their biggest rally in two months last week as increased bargain-hunting for quoted...

Buhari Signs NFIU Bill into law President Muhammadu Buhari has signed the Nigerian Financial Intelligence Unit(NFIU) bill into law, the Senior Special Assistant to the President...

Firm Launches Fuel Monitoring Software Solution Bizsoft Solutions Nigeria Limited, an indigenous information and technology firm based in Lagos, has unveiled Cloudsens, a software application...

Fed Govt Seeks Foreign Investors For Methanol Fuel     The Minister of Science and Technology, Dr. Ogbonnaya Onu, has urged the international community to invest in...

Nine of the nation’s 26 power plants did not generate any megawatts of electricity on Wednesday, coupled with significant reduction in the generation from...