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Friday, May 24, 2019

NIMASA Kickstarts Process To End Green-gas Emission On Vessels

NIMASA Kickstarts Process To End Green-gas Emission On Vessels   The Nigerian Maritime Administration and Safety Agency says it has installed Thorium-X tablet, a fuel consumption...

Finally, Shell Remove Majeure On Bonny Light Ports

Finally, Shell Remove Majeure On Bonny Light Ports   Royal Dutch Shell has lifted the force majeure in place on exports of a major Nigerian grade,...

In Eight Days, Stock Investors Lose N352bn

In Eight Days, Stock Investors Lose N352bn   Investors in the equities market have recorded losses amounting to N352bn following an eight-day losing streak witnessed on...

FG Approves Fresh $1bn Chinese Loan for power Projects

FG Approves Fresh $1bn Chinese Loan for power Projects The Federal Executive Council (FEC) has approved another $1billion Chinese loan for power projects and it...

Don’t Tamper with LG Funds, NFIU Warns

Don’t Tamper with LG Funds, NFIU Warns … Says June 1st Compliance Date stands The Nigeria Financial Intelligence Unit (NFIU) has again warned that banks and...

FEC approves N27.7bn for grains, Others

FEC approves N27.7bn for grains, Others The Federal Executive Council (FEC) has approved N27.7bn for the purchase of grains, meters and a road project in...

Inflation rate rises to 11.37% in April – NBS

Inflation rate rises to 11.37% in April – NBS The National Bureau of Statistics(NBS) has released the Consumer Price Index, which measures inflation with the...

Huawei, 70 affiliates placed on U.S. trade blacklist

Huawei, 70 affiliates placed on U.S. trade blacklist The U.S. Commerce Department said it is adding Huawei Technologies and 70 affiliates to its so-called...

BoI Disburses N44.34bn To N-Power, TraderMoni Beneficiaries

BoI Disburses N44.34bn To N-Power, TraderMoni Beneficiaries   The Managing Director/Chief Executive, Bank of Industry (BoI), Mr. Olukayode Pitan has disclosed that a total of N44.34bn...

NAHCO Expands Warehouses As Cargo Export Volume Rises

NAHCO Expands Warehouses As Cargo Export Volume Rises Following a rise in cargo export volumes, the Nigerian Aviation Handling Company Plc has expanded its warehouse. The...

NSE Approves, Lists MTN’s Share At N90

NSE Approves, Lists MTN's Share At N90 The Nigerian Stock Exchange on Tuesday approved the listing of MTN Nigeria shares on the nation’s bourse. A senior...

Mozambique Signs MoU with ARC to Tackle Drought, Others

Mozambique Signs MoU with ARC to Tackle Drought, Others The African Risk Capacity (ARC) Agency and the Government of Mozambique have signed a Memorandum of...

PHED restores electricity to Port Harcourt after a week blackout

PHED restores electricity to Port Harcourt after a week blackout The Port Harcourt Electricity Distribution Company (PHED) says it has completed repairs of faulty Elelenwo...
NNPC Towers

Nigeria’s Reliance On Imported Fuel Rises, Says Report

Nigeria's Reliance On Imported Fuel Rises, Says Report   Oil production from fields in Nigeria in 2018 were 70,166,496 (70 million) barrels more than what were...

BoI Shares N259bn To MSMEs

BoI Shares N259bn To MSMEs   Between January and December 2018, a total of N259.6bn was disbursed by the Bank of Industry to support the industrialisation...

Local Contractors Get $368m Dangote Refinery Contracts

Local Contractors Get $368m Dangote Refinery Contracts   Dangote Refinery and Petrochemical has so far awarded $368 million contracts to 120 local contractors at the site...

Stock Exchange Records Three Million Retail Investors

Stock Exchange Records Three Million Retail Investors The Nigerian Stock Exchange has said the number of retail investors has increased to three million. The Divisional Head,...

Reactions trail SEC’s plan to regulate conduct of AGMs

Reactions trail SEC’s plan to regulate conduct of AGMs Stock market operators on Monday expressed mixed reactions to plan by the Securities and Exchange Commission...

US Plans Tariff Hikes for $300bn Chinese goods

US Plans Tariff Hikes for $300bn Chinese goods U.S. officials are targeting a $300 billion list of additional Chinese imports including laptop computers for tariff...

Onyeama, Fowler, Others for Illicit Financial Flows Conference

Onyeama, Fowler, Others for Illicit Financial Flows Conference Geoffrey Onyeama, Nigerian Minister for Foreign Affairs of Nigeria, Tunde Fowler, the Executive Chairman, Federal Inland Revenue...