CATEGORY: NEWS

FCMB, Acugas, Others Sign N87.7bn Gas Infrastructure Deal

FCMB, Acugas, Others Sign N87.7bn Gas Infrastructure Deal

First City Monument Bank, FCMB Ltd and Acugas Ltd have entered into a financing...


Nigerian Content Development Fund To Hit $700m

Nigerian Content Development Fund To Hit $700m

The Nigerian Content Development Fund (NCDF) meant to assist Nigerian operating firms’credit needs has...


Buhari Boots Out NIMASA Boss, Board of Agencies And Institutions

Buhari Boots Out NIMASA Boss, Board of Agencies And Institutions

President Muhammadu Buhari on Thursday dissolved the governing boards of all federal parastatals, agencies...


FBN Capital Seals N87bn Loan Deal With Seven Energy

FBN Capital Seals N87bn Loan Deal With Seven Energy

FBN Capital Limited announced it has facilitated the closing of a Syndicated Medium Term...


IMF Wants Nigeria To Prioritize Spending

IMF Wants Nigeria To Prioritize Spending

The International Monetary Fund (IMF), its latest World Economic Outlook (WEO), entitled: “Slower Growth...


NNPC Says Local Refineries Utilized 14% Capacity In 2014

NNPC Says Local Refineries Utilized 14% Capacity In 2014

As the nation eagerly awaits the full commencement of local refining of crude oil...



S&P Says Nigeria Can’t Avoid Devaluation

S&P Says Nigeria Can’t Avoid Devaluation

Nigeria will have to devalue its currency at some stage, possibly by more than...


FG Has Extended TCN Management Contract By A Year

FG Has Extended TCN Management Contract By A Year

 The Federal Government has signed a one-year extension of its current management contract for...


Envoy Says Spain Has Spent 6.5 Billion Euros On Nigeria’s Oil

Envoy Says Spain Has Spent 6.5 Billion Euros On Nigeria’s Oil

Spain’s  Ambassador to Nigeria, Alfonso Sebastian de Erice said it spent about 6.5 billion Euros last...


Niger Republic Will Use  Nigerian Ports For Transshipment

Niger Republic Will Use Nigerian Ports For Transshipment

However, due to the efforts of the Chief Executive officer of Nigerian Shippers Council,...


El-Rufai Wants FG To Give NNPC A Deserved Funeral

El-Rufai Wants FG To Give NNPC A Deserved Funeral

Kaduna State Governor, Mallam Nasir El-Rufai has urged President Muhammadu Buhari to set a...


PMB Promises Oil Sector Reforms To Boost Accountability

PMB Promises Oil Sector Reforms To Boost Accountability

President Muhammadu Buhari has assured investors that his administration will implement far-reaching reforms to...


[WOEFUL] Nigerian Refineries Record Zero Output In Q1

[WOEFUL] Nigerian Refineries Record Zero Output In Q1

Nigeria’s four refineries, which are expected to resume production at “appreciable “ capacity levels...


BoA  Is seeking More Funding And Repositioning of Agric Sector

BoA Is seeking More Funding And Repositioning of Agric Sector

The Managing Director, Bank of Agriculture (BoA), Prof. Danbala Danju, on Monday called for...


Turnover in OTC Market Hits N9.76trn

Turnover in OTC Market Hits N9.76trn

Turnover in the OTC market for the month of June 2015 was N9.67trn, a...


Nigeria’s Crude Exports May Rise In August

Nigeria’s Crude Exports May Rise In August

There are strong indications that Nigeria’s crude oil export will soar in August against...


Petroleum Marketers Source Petrol From Ghana, Togo

Petroleum Marketers Source Petrol From Ghana, Togo

Marketers of petroleum products have said that they are finding it hard to get...


Subsidy On Petrol, Kerosene Hits N4.5bn Daily – PPPRA

Subsidy On Petrol, Kerosene Hits N4.5bn Daily – PPPRA

There are indications that the Federal Government is now spending about N4.5 billion to...


NNPC Expects 20% Petrol Supply From Home-Based Refineries

NNPC Expects 20% Petrol Supply From Home-Based Refineries

The Nigeria National Petroleum Corporation, NNPC, is optimistic that its local refineries can cover 20...


So Far, NCC Says Nigeria’s phone Lines Has Reached 146m

So Far, NCC Says Nigeria’s phone Lines Has Reached 146m

The Nigeria Communications Commission (NCC) yesterday said the active lines in the nation’s telecommunications...


Greece Gets Bailout Deal at Euro Summit

Greece Gets Bailout Deal at Euro Summit

After more than 16 hours of deliberation, the Eurozone’s leaders agreed to save Greece by...


With The Federal Cabinet Delay, Nigerian Stock Market Says It Has  Lost N823 Billion

With The Federal Cabinet Delay, Nigerian Stock Market Says It Has Lost N823 Billion

The delay by  President Muhammadu Buhari in appointing members of Federal Cabinet has been...


NDIC Has Recovered N26.75b From Debtors Of Closed Banks

NDIC Has Recovered N26.75b From Debtors Of Closed Banks

 A cumulative amount of N26.75bn has been recovered from debtors of liquidated banks, the...


Lafarge To Generate 260 Megawatts Of Electricity To Supply  The Country’s Grid.

Lafarge To Generate 260 Megawatts Of Electricity To Supply The Country’s Grid.

 Lafarge Africa said on Friday it had applied to Nigeria’s energy regulator for a...


UBA Raises $58m  From Rights Issue

UBA Raises $58m From Rights Issue

The United Bank for Africa (UBA) said on Friday it had raised 11.5 billion naira ($57.8...


Is Power Shooting Up? FG Says Power Generation Has Reached 3, 874.96MW

Is Power Shooting Up? FG Says Power Generation Has Reached 3, 874.96MW

The Presidential Taskforce on Power, which made this disclosure yesterday in its generation report,...


Luxury Cars, Fire Trucks others  Will Be Assembled In Akwa-Ibom

Luxury Cars, Fire Trucks others Will Be Assembled In Akwa-Ibom

Akwa Ibom State will on Monday begin the construction of a plant to assemble...


King Emefiele Says CBN Will Revitalise The Oil Palm Sector For Job Creation

King Emefiele Says CBN Will Revitalise The Oil Palm Sector For Job Creation

Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele,  has underscored the bank’s determination...


AfDB Seeks End To Illicit Financial Outflows From Nigeria

AfDB Seeks End To Illicit Financial Outflows From Nigeria

African Development Bank (AfDB) has urged stakeholders to intensify efforts to chart a course...


Ambode Says Lagos Will Create Jobs From The Hospitality Industry

Ambode Says Lagos Will Create Jobs From The Hospitality Industry

LAGOS State Governor, Mr. Akinwunmi Ambode, yesterday, said his administration will take advantage of...