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All posts by BusinessNews Staff

  • Dollar Card Gold - Instagram
    Enjoy Your Summer with FirstBank Dollar Denominated Cards

      This summer promises to be an exciting one for holiday makers with FirstBank’s bouquet of Dollar denominated cards.  Convenience, security, flexibility and improved spend are the key defining features of these Dollar cards. To delight customers,...

    • Posted August 15, 2017
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  • A-power-plant
    Grid loses 3,500mw as gas, frequency leave 36 turbines idle

    The electricity grid lost 3,500 megawatts (mw) last Wednesday due to shortage of gas, transmission frequency issue and the inability of feeders across some Distribution Companies (DisCos) to take power. The grid also dropped by 553mw last...

    • Posted July 5, 2017
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  • power plant 1
    TCN to build 2 substations in Kaduna, Zaria

    The Transmission Company of Nigeria (TCN) has disclosed that it is prepared to build two new 330KV substations in Kaduna and Zaria, and four additional 132 KV substations at Rigasa Kakau, Rigachun and Jaji, while it will...

    • Posted July 5, 2017
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  • NNPC logo 1
    NNPC, international firms lift N11trn oil in 12 months

    The Nigerian National Petroleum Corporation (NNPC) and International Oil Companies (IOCs) operating in the country including independent oil companies lifted  crude oil and condensate worth over $36.023 billion between March 2016 and March this year, according to...

    • Posted July 5, 2017
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  • Orange vs Vodafone July2017
    Orange, Vodafone in race for Etisalat Nigeria

    Orange and Vodafone Group are in “strong running” to buy 65 per cent of Etisalat Nigeria following Etisalat’s exit from the troubled operator, according to local sources. According to Brandish, “no fewer than five” companies have expressed...

    • Posted July 4, 2017
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  • finance-minister-kemi-adeosun-1
    FG, States, LGs share N2.27tn in five months

    The Federation Accounts Allocation Committee shared a total sum of N2.27tn among the three tiers of government in the first five months of this year. An analysis of the FAAC distribution by our correspondent in Abuja on...

    • Posted July 3, 2017
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  • The-NNPC-refinery-in-Port-Harcourt-Rivers-State
    FG woos financiers for refineries repair

    Efforts by the federal government to revamp the country’s ailing refineries through private investors funding of the repairs and operations of the facilities recently encountered rancorous opposition by Nigerians. Speculations suggesting that the government might have already...

    • Posted July 3, 2017
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  • NNPC Hq
    Diesel prices drop after NNPC intervention

    The recent intervention of the Nigerian National Petroleum Corporation (NNPC) which led to a 42 percent fall in the price of diesel has continued to sustain the downward price across the country. NNPC said in a statement...

    • Posted July 3, 2017
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  • Ajaokuta_Steelworks_Nigeria
    Ajaokuta Steel not mature for privatisation – Stakeholders

    The Ajaokuta Steel Company has not yet matured for privatisation as doing so without completing the project would amount to selling the company as scrap to buyers. This is the consensus of stakeholders in the iron and...

    • Posted July 1, 2017
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  • 181114F1-Akinwumi-Adesina
    AfDB to empower 36,000 youths on agriculture

    The Country Director, African Development Bank (AfDB), Mr Ebraima Faal, said the bank is working on empowering 36,000 youths across 36 states of the federation on agriculture. He disclosed this in Abuja, when he presented his letter...

    • Posted July 1, 2017
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