Kachikwu Says Kaduna Refinery Will Produce In Dec

 Kaduna Refinery will resume the production of Premium Motor Spirit, PMS (petrol), within the next three months. This information was...

Can The EFCC Arrest Okumagba of BGL ?

The Federal High Court in Lagos on Thursday refused an ex parte application by the Chief Executive Officer of BGL Group,...

Here is What You Should Know About Buhari’s New Oil Swap Deal

The Nigerian National Petroleum Corporation (NNPC) said on Wednesday that it has set up new crude swap contracts to replace those cancelled last month that...

N300bn Local Investments Earn Pharmaceutical Companies 65% In West African Market

Nigerian pharmaceutical companies now share 65 percent of the West African market, having so far invested N300 billion in machinery...

[U-Turn] Here is The Condition Buhari Gave for Lifting Ban on 113 Vessels

The Federal Government has lifted a ban on 113 vessels into its territorial waters according to Reuters. ...

See Why CAC Will Delist 50,000 Companies

Corporate Affairs Commission (CAC) on Wednesday announced that 50,000 companies will soon be delisted for failing to file their annual...

For Optimal Performance In Oil Sector, FG Will Build New Refineries – Kachikwu

The Group Manading Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Emmanuel Ibe- Kachikwu, on Wednesday in Kaduna said...

Telcos Dare NCC, Risk Additional Fines

Telecommunication operators have remained defiant over the N120.4 million fine imposed on them by the Nigerian Communications Commission (NCC), as...

See Reasons Why Fidelity Bank Rebranded

The Managing Director and Chief Executive Officer of Fidelity Bank Plc, Nnamdi Okonkwo  has explained that the rebranding project of the Fidelity...

Press Release From SEC Suspending Stanbic IBTC Rights Issue

The Security and Exchange Commission SEC suspended the planned right issue of Stanbic IBTC (which it had earlier approved) due to an on going...

See How 12 Deepwater Projects Got Jeopardized Over Policy Inaction

Offshore field development projects capable of yielding total production capacity of 1.255 million barrels per day hang in the air...

Smile Telecoms Raises $365m Capital in Biggest Telecom Deal This Year

Smile Telecoms Holdings Ltd ("Smile"), which owns and operates mobile wireless 4G LTE broadband networks in the 800MHz band in Nigeria, Tanzania and Uganda,...

With The Oil Price Fall, Transport, Tax Now Consumes 95% Of Subsidy

Shipping cost and other charges at the ports now consume about 95 percent of the amount paid as fuel subsidy...

[EXECUTIVE CHANGE] First Bank Announces New MD, DMD, Chairman etc.

FBN Holdings the parent company of First Bank Plc has announced some top executive appointments across the group and bank. Here they are; ...

Conoil’s Managing Director Resigns After 1 Year in Office

Conoil Plc has notified The Nigerian Stock Exchange that its Board of Directors at a meeting held on 28 August 2015 accepted the resignation...

[DUAL LISTING] Sahara Group Plans $600m IPO

Nigeria's Oil and Gas Company Sahara Group, has revealed that it plans to raise as much as $1.4 billion through a dual listing of...

[Corporate Action] Conoil Records 66% Drop in Profits To N1.5bn In 2014 FY

Conoil Plc released its 2014 Audited Results showing revenue dropped by 19.5% from N159bn in 2013 to N128bn in 2014. Pre-tax Profits also reduced by...

[DEAL] BUA Group Aims For 20% Cement Market Share With This Deal With China’s...

The BUA Group has announced the signing of a $600m contract with China’s leading Cement manufacturing supplier, SINOMA CBMI to commence the construction of...

Here Is What You Need To Know About Fidelity Bank’s Two New Executive Director’s

Fidelity Bank Plc (“Fidelity or the Bank”) notified The Nigerian Stock Exchange of the appointment of Mr. Adeyeye Olawale Adepegba as Executive Director, Corporate...

Guinness Nigeria CEO Explains Why Sales Rose 9%

Guinness Nigeria Plc today announced its full year results for the period ended 30th June 2015 reporting a 9% increase in net sales during...

Transcorp Reiterates 850mw Target From Ughelli Power Project By Year End

Transcorp Nigeria Plc has indicated to investors that as part of the the company’s strategic plans, it intends to increase...

UBA Plc Will Pay 20kobo As Interim Dividend For 2015 H1

United Bank For Africa Plc released the following dividend information for the Period ended 30 June 2015.. Closure of Register -Period...

GMD Kachikwu Says Warri Refinery Will Resume Production First Week Of November

Recently shut Warri Refining and Petrochemical Company, WRPC, will not be resuming operation any time soon, Group Managing Director, Nigerian...

Dangote Cement Announces Slash in Cement Prices

Dangote Cement is reducing the price of its market-leading 3X brand of cement in Nigeria by ₦300 per 50kg bag, or ₦6,000 per tonne....

[Corporate Action] UBA Posts N39bn In Pre-tax Profits For 2015 H1

United Bank for Africa(UBA) released its 2015 Half Year results showing a 35% increase in pre-tax profits from N28billion in 2014 H1 to N39billion...

Why FRCN Is Investigating Stanbic IBTC Bank

The Financial Reporting Council of Nigeria (FRCN) has said it is investigating Stanbic IBTC Bank Plc for allegedly engaging in...

Kachikwu Will Split PPMC Into Three Parts

The Group Managing Director of NNPC, Emmanuel Kachikwu has said that the corporation will split its downstream arm into three...

DHL Says It Has Invested €47m In Africa

DHL sees excellent opportunities to increase its investments in Nigeria and other Sub-Saharan Africa (SSA) countries. Chief Executive...

3 Banks Emerge Top Users Of Internet Media

Guaranty Trust Bank (GTBank), Zenith Bank and First Bank have led the pack of top ten banks utilizing the Internet,...

Kachikwu Says Successful JV Partners Will Be Invited To Run Refineries

The Nigerian National Petroleum Corporation (NNPC), Wednesday, stated that it has commenced the‎ unbundling o‎f the Pipelines and Products Marketing...

Popular

Murtala Muhammed International Airport

FG concludes plan to demolish Lagos Airport, reconstruct with N14bn

The Federal Government of Nigeria (FG) has revealed that plans have been perfected to demolish the Murtala Muhammed International Airport, Lagos, in order to reconstruct it.
MTN Nigeria has signed a N200 billion loan deal that effectively shuts out any imminent public offer

Billionaires club: The current owners of MTN who need to sell for you to...

If you are one of those very active social media enthusiasts on WhatsApp, Twitter or Facebook, then you must have come across the image...
Central Bank of Nigeria

How to get the Central Bank of Nigeria to credit your account

Doesn’t it feel good to be a lender of money? Yes, it does, especially if you know the borrower is creditworthy and would repay you with interest as at when due. The Central Bank of Nigeria could always borrow money from you and repay you when the time is due.