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All posts by BusinessNews Staff

  • Fuel crisis: NNPC, major marketers’ filling stations engage in racketeering

    Despite the efforts by the Minister of State for Petroleum, Dr. Ibe Kachikwu to end the current shortages of petrol across the country, some retail outlets owned by the Nigerian National Petroleum Corporation (NNPC) and the major...

    • Posted April 5, 2016
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  • NSIA closes in on signing concession contract for Second Niger Bridge

    The process for the construction of the Second Niger Bridge remains on course with the signing of the concession agreement expected to be consummated in the second half of this year, the Managing Director, Nigerian Sovereign Investment...

    • Posted April 5, 2016
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  • IOCs to support oil marketers’ demand for forex – NNPC

    The Chief Operating Officer, Downstream Division of the Nigerian National Corporation, Mr. Ikem Obih, has disclosed that the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has negotiated a workable solution to address the challenges of...

    • Posted April 5, 2016
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  • CBN allocates $921m to banks in one month

    As the Central Bank of Nigeria (CBN) continues with its rationing of the greenback, bank returns on foreign exchange utilisation bought from the central bank and compiled by THISDAY have shown that it allocated $921,352,549 to 17...

    • Posted April 5, 2016
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  • FG returns petrol subsidy, retains official pump prices

    The Federal Government on Saturday recommenced the payment of subsidy on petrol as it subsidised the commodity by N5.84 for every litre of premium motor spirit consumed in Nigeria. Subsidy on petrol was stopped in January after...

    • Posted April 4, 2016
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  • Nigeria, China to improve food security in Africa

    The International Institute of Tropical Agriculture and China’s Academy of Tropical Agricultural Sciences have begun a partnership to improve food security and create jobs for the growing youth population in Africa. The new partnership is part of...

    • Posted April 4, 2016
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  • New IMO rule threatens Nigeria’s exports

    Come July 1, Nigeria’s export products may be rejected if they or the containers in which they are loaded are not weighed before being loaded onto ships. The rule, which is a convention of the International Maritime...

    • Posted April 4, 2016
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  • ntel gets NCC approval to roll out 4G services

    The Nigerian Communications Commission has given the management of ntel permission to proceed with the roll out of its fourth generation Long Term Evolution network for commercial use in Lagos and Abuja. The go-ahead order was subsequent...

    • Posted April 4, 2016
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  • Operators battle FAAN over excessive charges

    Fighting for operators in the aviation sector, members of the National Union of Air Transport Employee (NUATE) has petitioned the Minister of State for Aviation, Hadi Sirika, accusing Federal Airports Authority (FAAN) of incessant hike in operating...

    • Posted April 4, 2016
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  • Regulatory approval delaying international flights – Bi-Courtney

    Bi-Courtney Aviation Services Limited, operators of the Murtala Muhammed Airport Terminal Two in Lagos, says the delay in the planned commencement of regional and international flights at the terminal is due to regulatory approval yet to be...

    • Posted April 3, 2016
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