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All posts by BusinessNews Staff

  • FG to borrow N1.24tn via TBs in Q3 – CBN

    The Federal Government is planning to borrow N1.24tn in the third quarter via the issuance of Treasury bills by the Central Bank of Nigeria. A CBN debt calendar for the third quarter released on Friday showed that...

    • Posted June 11, 2017
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  • Dangote signs pact on $700m sugar project

    The Dangote Group and the Nasarawa State Government have signed a $700m (about N220bn) sugar project. The signing ceremony of the deed of acquisition, lease and development agreement took place yesterday at the National Sugar Development Council,...

    • Posted June 10, 2017
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  • Nigerian maritime sector strategic for investors – Amaechi

    The Minister of Transportation, Rotimi Amaechi has stated that the Nigerian maritime sector is a haven of opportunities for the world maritime industry to tap into. The Minister who made this known while speaking at the “Africa...

    • Posted June 10, 2017
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  • FG issues $300m diaspora bond

    The Federal Government has announced the commencement of a global offering of up to US$300m (about N91.5bn) of its first Diaspora Bond. According to a statement from the Debt Management Office, Nigeria has filed a registration statement...

    • Posted June 10, 2017
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  • NERC proposes monthly electricity tariff review

    The Nigerian Electricity Regulatory Commission (NERC) is set to cut the minor review period of Multi Year Tariff Order (MYTO) methodology from six months to either monthly or quarterly. The commission stated the intent in a consultation...

    • Posted June 8, 2017
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  • Petrol remains N145 per litre – PPPRA

    The Petroleum Products Pricing Regulatory Agency (PPPRA), the agency responsible for regulating petroleum products pricing, supply and distribution, has assured that the subsisting pump price cap for petrol remains N145 per litre across the country. The agency...

    • Posted June 8, 2017
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  • Dropped calls: Senate asks NCC to sanction operators

    The Senate yesterday passed a resolution, requesting the Nigerian Communications Commission (NCC) to sanction GSM service providers over incessant dropped calls and poor services being provided. The resolution was sequel to a motion sponsored by Senator Andy...

    • Posted June 8, 2017
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  • Nigerian carriers lost 60% regional, international passengers

    Capacity constraints have clipped the wings of Nigerian airlines on the regional and international fronts with their operations reducing by over 60 per cent from 2016 till date; checks by Daily Trust have shown. An analysis of...

    • Posted June 8, 2017
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  • National Assembly infrastructure bills would create 580,000 jobs in five years – Saraki

    Senate President, Dr. Bukola Saraki, has said six infrastructure reforms bills put together by the National Assembly would not only modernise the nation’s infrastructure base, but would create at least 580,000 new jobs for Nigerians in the...

    • Posted June 7, 2017
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  • ExxonMobil, Taleveras, Ophir win Equatorial Guinea oil blocks

    United States oil giant, ExxonMobil, Nigeria-based Taleveras, UK’s Ophir Energy and Clonterf Energy have been announced winners of Equatorial Guinea’s oil acreages, after the latest licensing bid round held by the central African country. Equatorial Guinea’s Minister...

    • Posted June 7, 2017
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