Home | Biz

Buhari To Remove Fuel Subsidy, Invest Savings On Education

President Muhammadu Buhari plans to totally remove fuel subsidy, it has emerged. Money saved from this will be used to provide free and compulsory primary/secondary ... Full story

7 Nigerian States With The Highest IGR

The National Bureau of Statistics on Wednesday released the Internally Generated Revenue profile of 23 states of the federation for the year 2014. According to the ... Full story

Shell Nigeria Sells Warri Airport to Shoreline Energy

Shell Petroleum Development Company has sold the multibillion naira Warri airport to Shoreline Energy International Limited, an indigenous energy and infrastructure company, PUNCH reports. Shoreline Energy ... Full story

Daily Subsidy On Petrol Hits N2bn

The Federal Government’s daily spending on petrol subsidy may have risen to N2.06bn as the pricing template for the product by the Petroleum Products Pricing ... Full story

Indonesia Companies Operating In Nigeria Make About $628,005.443

Indonesia Ambassador in Nigeria, Harry Purwanto has tasked Nigerian business men to take advantage of existing trade relations between his country and Nigeria for her ... Full story

Unremitted $11bn Dividend: NNPC Holds Reconciliation Meeting With Inter-Ministerial Team

Following claims of non-remittance of $11bn Liquefied Natural Gas dividends, the NNPC has said it is holding reconciliation meetings with inter-ministerial team, Leadership reports. The Nigerian ... Full story

Oil And Gas Companies Indicted Of $19bn Scam, Buhari To Take Action

Oil and Gas companies operating in the country were yesterday indicted by the Nigeria Extractive Industries Transparency Initiative (NEITI), of defrauding the country to the ... Full story

Lagos Oilfield To Begin Production This Year

With the award of a rig contract to carry out the drilling and completion programme for the Aje shallow-water field offshore Lagos, the first oil ... Full story

Dangote To Expand Ethiopian Cement Plant

The President, Dangote Group, Alhaji Aliko Dangote, has said that plans are afoot to double the capacity of the newly opened 2.5 million-metric-tonne per annum ... Full story

JP Morgan Threatens To Remove Nigeria from Key Bond Index

JP Morgan has threatened to remove Nigeria from its Government Bond Index (GBI-EM) by the year-end unless the Central Bank of Nigeria, CBN, restores liquidity ... Full story

House Of Representatives Pass Petroleum Industry Bill

THE House of Representatives, yesterday, passed the Petroleum Industry Bill (PIB) in a valedictory session to end the Seventh Assembly And as the Seventh Senate came ... Full story

How CBN, Savannah Bank Destroyed My Father - Uche Ephraim

Many lives and businesses have suffered and are still suffering due to the sudden closure of Savannah Bank by the Central Bank of Nigeria (CBN) ... Full story

AfDB Presidency: Adesina Assumes Duty September 1, 2015

Nigeria’s outgoing Minister of Agriculture, Dr. Akinwumi Adesina, would officially assume office as President of Africa Development Bank (AfDB) on September 1, 2015. This was disclosed ... Full story

Airport Remodeling Contractors To Return N17.6billion To FG

The Federal government on Tuesday ordered contractors handling airport remodeling projects but failed to deliver, to return N17.6billion back to the government.  DAILY POST reports that ... Full story

Babangida Aliyu Wants Federal Government To Remove Fuel Subsidy

Niger State governor, Dr. Babangida Aliyu has asked the Federal Government to deregulate the oil sector by removing subsidy on petroleum products. Aliyu  spoke while commissioning ... Full story

Fuel Scarcity: Business Activities Collapse In Onitsha

Commercial activities yesterday grounded to a halt, following an hourly increase in pump prices of petroleum products to the tune of N300 per litre. The increased ... Full story

Fuel Scarcity: GTBank To Close Branches At 1pm From Today

The fuel scarcity being witnessed in Nigeria has continued to cause a shutdown of business and leading commercial bank, Guaranty Trust Bank (GTB) has not ... Full story

China's Richest Man Loses $15 Billion in Minutes

In the history of sudden wealth loss, Li Hejun may have set a new record. Li, who was China's richest man until this week, saw his ... Full story

Osita Chidoka: Nigerians To Enjoy WiFi Services At Airports Starting Next Week

The Minister of Aviation, Mr. Osita Chidoka, has announced that Wi-fi services will be made available in all Nigerian airports, Punch reports. Speaking at the inauguration ... Full story

Massive Shakeup Awaits MDAs - 38 Parastatals To Be Scrapped

In a bid to cut costs and free up revenue for the Nigerian government, the incoming Buhari-led administration is expected to make some changes concerning ... Full story

2015 Budget: National Assembly’s N150billion Enough To Fund Capital Votes For 20 Federal MDAs

The whopping N150 billion allocated to the National Assembly in the 2015 Appropriation Act, can fund capital votes for 20 Ministries, Departments and Parastatals [MDAs], ... Full story

NNPC Audit Report: $18.5billion Earnings Not Remitted To Treasury - Muhammad Sanusi II

Emir of Kano, Muhammad Sanusi II  and former Central Bank of Nigeria, governor has reacted to the auditors’ report on the Nigerian National Petroleum Corporation’s ... Full story

Fuel Scarcity: Oil Marketers Suspend Importation

The recurrent fuel scarcity being witnessed in many parts of the country, particularly in Lagos and Abuja, continued yesterday, showing no signs of easing up, ... Full story

Transcorp Nigeria Embarks On Crude Oil Exploration

According to the Tony Elumelu, its Chairman, Board of Directors, Transnational Corporation of Nigeria Plc has unfolded plans to begin the exploratory drilling of its ... Full story

Obama Invites African Billionaire, Elumelu To Speak At White House Event

Tony Elumelu, African billionaire, business leader and philanthropist, has been invited by US President Barack Obama to speak at a White House event to celebrate ... Full story

Nigerian Senate Passes Oil And Gas Free Zones Bill

The Nigerian Senate yesterday in Abuja passed the Asset Management Corporation of Nigeria (Amendment) Bill 2015 after a clause-by-clause consideration of the Bill, Daily Independent ... Full story

Nigerian Billionaire, Mike Adenuga Offers N119bn To Buy Comium Cote d’Ivoire

Mike Adenuga has made a bid to buy Ivorian mobile telecoms operator Comium Cote d’Ivoire. According to Telegeography, the Nigerian billionaire and owner of Globacom (Glo) ... Full story

Lagos Saves N100.7bn To Pay Debts

Lagos State Government on Wednesday said it had fine-tuned its financial strategy to ensure that funds it borrowed were repaid. The government added that N100.73bn had ... Full story

NNPC Wants Fuel Subsidy Scrapped

The Nigerian National Petroleum Corporation (NNPC) on Thursday made a strong case for the complete removal of subsidy from the petroleum products pricing template by ... Full story

Xenophobia Attacks: 6,000 Workers Might Lose Job - MTN Nigeria

MTN Nigeria has on Monday cautioned that should there be attacks on its facilities, it might be forced to discharge its over 6,000 workforce in ... Full story

Xenophobic Attacks: Nigerians Loses N21m

Nigerian Consul-General in South Africa, Amb. Uche Ajulu-Okeke, said on Sunday that Nigerians lost more than N21m Rand (1.2m) in the on-going xenophobic attacks in ... Full story

Nigeria In Talks With Russia To Build Nuclear Power Plants

Nigeria is in talks with Russia’s state-owned Rosatom to build nuclear power plants in the country. “We have an intergovernmental agreement with Nigeria, but no concrete ... Full story

President Elect Buhari Will Drop Petrol Price To N40 Per Litre - Tamunoemi David-West

Former Minister of Petroleum and Energy, Prof. Tamunoemi David-West has excited Nigerians with an assertion about how much the pump price of petrol will be ... Full story

Fraudsters Hack ATMs In Lagos With Gadget To Collect Pins And Card Data

ATMs located in highbrow areas in Lagos particularly in Victoria Island and Lekki, might have been compromised following reports of hackers planting fraud devices on ... Full story

Naira Appreciate By 7%, Now ₦211 To dollar

The naira appreciated by seven per cent to 211 against the United States dollar at the parallel market following the victory of the candidate of ... Full story

Ships With Petroleum Products Arrive Lagos Ports

Eight ships laden with petrol, aviation fuel and kerosene had arrived Lagos ports, waiting to berth. The Nigerian Ports Authority (NPA) stated this in its daily ... Full story

Japan Offers $3.4m Grants For IDPs In North East

The United Nations Children’s Fund (UNICEF) Friday received a grant of US $ 3.4 million or N750 million) for Integrated Provision of Life-Saving Emergency Interventions ... Full story

Kcee Starts Own Transport Business

Kcee is about to join the likes of Mikel Obi in transport business. The pop singer posted a bus with a logo that reads ‘Five ... Full story

Goodluck Jonathan Orders 30% Salary Cut For Goverment Officials

President Goodluck Jonathan has ordered a 30% cut of government official's welfare packages in a move to cushion effects of the drop in revenue generation ... Full story

Diamond Bank Mobile App Promises A 'Beyond Banking' Experience

Diamond Bank GMD/CEO Uzoma Dozie took it upon himself to advertise the bank’s mobile app, surprising many. In the ad, he uses the app to book ... Full story

Ghana, Cote D’Ivoire Turn To Nigeria For Gas

Cote D’ Ivoire has sent a formal request indicating its interest in liquefied petroleum gas supplies from Nigeria to support its growing power generation needs. The ... Full story

back 1 2 3 4 next total: 138 | displaying: 42 - 82

Featured author