Business News
Business and economic news from Nigeria and around the world.
NAPTIN Boss Says Nigeria Needs 17,440 Staff To Handle 40,000MW’
Director General, National Power Training Institute of Nigeria (NAPTIN), Engr. Reuben Okeke, said the country needs 17,440 technical staff including...
Read moreDetailsBanks To Reduce Issuance Of Loans To Companies In 2016
Banks operating in Nigeria have decided to reduce the number of loan grants available to their customers for the year...
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Shell Petroleum Development Company Reports $42 Billion Remitted To FG
Shell Petroleum Development Company (SPDC) has revealed that the company and the Joint Venture (JV) partners paid $42 billion to...
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Northern Governors Should Revive New Nigerian Development Company – Emir Sanusi
Emir of Kano, Muhammadu Sanusi, on Monday, appealed to the 19 Northern governors to try their best in ensuring that...
Read moreDetailsBusiness Round Up (April 19): #PanamaPapers: How Tinubu Operated 12 Shell Companies in Tax Havens, Oil freeze: Nigeria seeks consensus among OPEC members
Punch We paid FG $42bn in five years – Shell: The Netherlands-based Royal Dutch Shell Plc on Monday said the...
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United States Will Repatriate $480 Million Abacha Loot
The Government of the United States has agreed to repatriate about $480 million believed to have been stolen by the...
Read moreDetailsNigeria’s Monthly Import Demand For Forex Jumps To N102 billion Monthly
The CBN Governor has said that Nigeria's "import related demand for foreign exchange" rose to N102 billion monthly this year...
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NLC Tells Senate: Return Those Cars Or Prepare For A Showdown With Nigerian Workers
The Nigeria Labour Congress (NLC) has revealed that the leadership of the Senate inflated the unit cost of the Toyota...
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Access Bank Floats N1 billion “AccessNolly” Fund For Movie Producers
Access Bank reports that it has set aside N1 billion in what it called "AccessNolly" Fund. The bank says that...
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NIMASA D-G Wants Military-Led Sea Patrol To Curb Piracy
Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, Monday, suggested a legal framework that prescribed stiff sanction,...
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