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Sunday, 19th November, 2017
 Business News:
Nigeria: (Nov 17, 2017) - The Niger Delta Development Commission (NDDC) is to set up a bank as part of measures to sustain its mandate beyond oil and fast track development. The commission has also resolved...
Nigeria: (Nov 16, 2017) - A human rights lawyer Femi Falana (SAN), on Wednesday accused the Nigerian National Petroleum Corporation of failing to remit over $21.7bn and N376bn since 1999.   The human...
Nigeria: (Nov 16, 2017) - The interim forfeiture order placed on bank accounts without bank verification number (BVN) has been revoked after the federal high court in Abuja modified the order given on October...
Nigeria: (Nov 14, 2017) - The federal government has signed the $5.79bn contract for the Mambilla hydro power project. The project was first designed 40 years ago and is expected to add 3,050 megawatts of...
Nigeria: (Nov 14, 2017) - The senate has approved the $5.5 billion loan request of President Muhammadu Buhari. Buhari had asked the upper legislative chamber for the approval to borrow $2.5 billion to finance...
Nigeria: (Nov 10, 2017) - Nigeria’s dependence on oil revenue to fund its budget may finally be coming to an end as the federal government expects to earn nearly 63% of its income from non-oil sources...
Nigeria: (Nov 09, 2017) - The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru has pledged to deepen support to indigenous companies in Nigeria’s oil and gas...
Nigeria: (Nov 08, 2017) - Business Opportunities- The Central Bank of Nigeria (CBN) is set to open more business opportunities in the country through the National Collateral Registry (NCR). Acting Director,...
Nigeria: (Nov 07, 2017) - Saudi Arabian banks have frozen more than 1,200 accounts belonging to individuals and companies in the Kingdom as part of the government’s anti-corruption purge, bankers and lawyers...
Nigeria: (Nov 06, 2017) - Oil prices hit their highest levels early on Monday as markets tightened, while Saudi Arabia’s crown prince cemented his power over the weekend through an anti-corruption crackdown...
Liberia: (Nov 04, 2017) - President Ellen Johnson Sirleaf has officially launched the Small Business Administration (SBA) Business Opportunities through Support Services (BOSS) center at the Ministry of Commerce. In...
Nigeria: (Nov 04, 2017) - The Nigerian National Petroleum Corporation (NNPC) and the Nigerian Agip Oil Company (NAOC) Joint Venture have indicated their intention to improve Nigeria’s power generation capacity...
Nigeria: (Nov 03, 2017) - Pope Francis is spending All Souls’ Day, the Catholic day of remembrance for the dead, celebrating Mass in a U.S. cemetery for World War II soldiers and visiting the site of a...
Nigeria: (Nov 02, 2017) - The Managing Director of Tasty Time Nigeria Ltd, Isaac Kole, was on Thursday hauled up before a Federal High Court in Lagos over alleged manufacture of fake and unregistered products. The...
Nigeria: (Nov 01, 2017) - The Bank of England, battling Brexit-fuelled inflation rises, is set Thursday to lift its key interest rate for the first time since 2007, according to analysts. BoE policymakers...
Nigeria: (Nov 01, 2017) - Global crude oil benchmark -Brent has increased from $58.15 a barrel to $60.75 a barrel while West Texas Intermediate (WTI) from $51.61 to $54.19 a barrel as at yesterday. Specifically,...
Nigeria: (Nov 01, 2017) - Lagos-based Radio Continental (MAX FM102.3), Arewa Radio, Kano and Inspiration FM were among 23 radio and television stations across Nigeria that have been fined for various breaches...
Nigeria: (Oct 31, 2017) - Revenue from Value Added Tax (VAT) grossed N797.51 billion into the Federation Account between January and October 2017, the Minister of Finance, Mrs. Kemi Adeosun, revealed on Tuesday. The...
Nigeria: (Oct 31, 2017) - The Nigerian National Petroleum Corporation [NNPC] has, on Tuesday, signed a Memorandum of Understanding with the Ondo State Government for planting of Biofuel plant in the state. NNPC...
Nigeria: (Oct 31, 2017) - The African Development Bank Tuesday said it has not “called off loans to Nigeria”, noting that it is in consultations with the Nigerian government on how best to continue...
Nigeria: (Oct 30, 2017) - The Nigerian National Petroleum Corporation (NNPC) has mapped out strategies to boost security around its depots and pump stations to ensure they remain functional. A statement by...
Nigeria: (Oct 30, 2017) - Many commercial banks need to raise new capital and boost their capital adequacy ratios for them to drive the desired growth in the economy, the International Monetary Fund (IMF) said...
Nigeria: (Oct 30, 2017) - Some stakeholders in the aviation sector, including members of the National Assembly, are worried that investors from some Middle East countries are expressing interest in the planned...
Nigeria: (Oct 30, 2017) - The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has urged investors to come over to Nigeria, declaring that the nation’s Return on Investment (ROI) in all sectors...
Nigeria: (Oct 30, 2017) - The Nigerian Communications Commission (NCC) has summoned chief executive officers (CEOs) of major telecommunications companies in the country to its headquarters in Abuja. CEOAFRICA...
Nigeria: (Oct 28, 2017) - Nigeria President Muhammadu Buhari-led administration has moved to consolidate its achievement in the power sector and end the electricity woes in the country. Nigeria  Government...
Nigeria: (Oct 27, 2017) - The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, on Thursday, announced that oil search would soon begin in the nation’s inland...
Nigeria: (Oct 25, 2017) - There was naira scarcity on the interbank market Tuesday, leading the overnight tenor of the Nigerian Interbank Offered Rate (NIBOR) to close at 120.08 per cent. The overnight lending...
Nigeria: (Oct 24, 2017) - The Nigeria Government in pursuit of its objective of financial inclusion by attracting retail investors into the Bond Market, has generated a total of N6.69 billion through the monthly...
Nigeria: (Oct 24, 2017) - The Investment and Technology Promotion Office of the United Nations Industrial Development Organisation said it had trained some Nigerian entrepreneurs in the non-oil sector. It...
Nigeria: (Oct 23, 2017) - Unity Bank Plc’s capital base has hit N80 billion, up from N31 billion in 2014, Mr Thomas Etuh, former Chairman, Board of Directors, has said. Etuh, the immediate past board...
Nigeria: (Oct 23, 2017) - Oil prices rose on Monday over supply concerns in the Middle East and as the U.S. market showed further signs of tightening while demand in Asia keeps rising. Brent crude futures,...
Nigeria: (Oct 23, 2017) - The Chief Executive Officer (CEO) of the Nigerian Stock Exchange (NSE), Oscar Onyema, and others have undertaken a tour of facilities at the plantations of Okomu Oil Palm Company in...
Nigeria: (Oct 21, 2017) - Shell Petroleum Development Company has said that its economic contribution to the Nigerian government in four years is $29bn. The company’s General Manager, External Relations,...
Nigeria: (Oct 20, 2017) - Consistent with its tradition of broad consultation prior to taking regulatory decisions, Nigerian Communications Commission (NCC) yesterday in Lagos held a consultative forum with...
Nigeria: (Oct 20, 2017) - The co-founder and the majority shareholder of maritime logistics company, Intels Nigeria Limited, Gabriele Volpi, has apologised to the Nigerian Ports Authority (NPA) and the Federal...
Nigeria: (Oct 21, 2017) - Nigerian former Minister of Power and Chairman, Geometric Power Limited, Barth Nnaji, has said that diversifying the country’s energy mix to include coal-to-power projects can...
Nigeria: (Oct 20, 2017) - The average price paid by consumers for Premium Motor Spirit (petrol) dropped by 1.2 per cent year-on-year, the Nigeria Bureau of Statistics (NBS), has said According to a report...
Nigeria: (Oct 20, 2017) - The World Bank Group has denied that it disagreed with the Minister of Finance, Mrs. Kemi Adeosun, over the federal government’s external borrowing plan aimed at stimulating the...
Nigeria: (Oct 19, 2017) - The President Muhammadu Buhari administration has released a huge some of money as investment in agribusiness in a conscious move to diversify the local economy. The Central Bank...
Nigeria: (Oct 18, 2017) - Africa holds the key for feeding the nine billion people that will inhabit this planet by 2050, the President of the African Development Bank and 2017 World Food Prize Laureate, Dr....
Nigeria: (Oct 18, 2017) - The 32 Artillery Brigade of Nigerian Army, Akure, has debunked rumours of harmful vaccination being conducted by some people believed to be soldiers in Ondo State. Parents and guardians...
Nigeria: (Oct 14, 2017) - The World Bank said yesterday that its entire portfolio across Nigeria currently stands at about $8.5 billion. The global financial institution was  shedding  light on...
Nigeria: (Oct 14, 2017) - The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has urged global investors to take advantage of huge opportunities in the Nigerian economy, saying the environment...
Nigeria: (Oct 12, 2017) - The victims and traders of the Owerri Main Market that was demolished by the Imo State Government last month may heave a sign of relief as the Chairman of Zinox Technologies, Dr. Leo...
Nigeria: (Oct 10, 2017) - The International Monetary Fund says Nigeria’s economy will grow faster than South Africa’s in 2017. This is a reverse from the fund’s earlier projection in July...
Nigeria: (Oct 09, 2017) - Nigerian businessman, Aliko Dangote has revealed some of the secrets that have made him successful in business over the years. Africa';s richest man, Aliko Dangote  Africa’s...
Nigeria: (Oct 09, 2017) - Lagos- Coca-Cola Nigeria, at the annual Body, Soul and Sprit (BSS) Women Conference organized by gemWoman Magazine, has reinforced the need for individuals in general and women in particular...
Nigeria: (Oct 06, 2017) - The Nigerian Maritime Administration and Safety Agency (NIMASA) within one year and one month, has remitted a total of N21.805 billion to the Consolidated Revenue Fund (CRF) of the...
Nigeria: (Oct 06, 2017) - The federal government has initiated plans to shut down the National Economic Reconstruction Fund (NERFUND) over non-performance and non-performing loans (NPLs) of over N17.5 billion. A...
Nigeria: (Oct 05, 2017) - Theresa May's bid to reassert her dwindling authority was ruined on Wednesday when her keynote speech was interrupted by repeated coughing fits. British Prime Minister (PM),...