All posts by BusinessNews Staff

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  Dangote to spend $1bn on rice project

  The Dangote Group has disclosed it is investing $1bn on rice cultivation in five states to boost food self-sufficiency. To mark its day at the just concluded Gateway Fair, which held in Abeokuta, Ogun State, Dangote Cement,...

  • Posted May 31, 2017
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  Vehicle owners task Kachikwu on completion of refineries

  The National President of Vehicle Owners Association of Nigeria (VOAN), Odo Vincent Okoko, has said the Minister of State for Petroleum Resources, Ibe Kachikwu, has a clear agenda to deliver on the completion of refineries in the...

  • Posted May 30, 2017
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  Banks contribute N981bn to AMCON’s sinking fund since inception – MD

  The Asset Management Corporation of Nigeria (AMCON) has said  that the banks have so far contributed N931bn to the sinking fund since inception. The Managing Director of AMCON, Ahmed Kuru,who  disclosed this in Lagos also added that...

  • Posted May 30, 2017
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  Oil price fall not a threat for now – OPEC

  The fall of crude oil price in the international market after the decision by the Organisation of Petroleum Exporting Countries (OPEC) to continue with its production cut till March next year is not a major concern for...

  • Posted May 30, 2017
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  FAAN debunks recruitment rumour

  The Management of the Federal Airports Authority of Nigeria (FAAN) has refuted a rumour going round that the Authority is presently recruiting into her staff fold. The Acting General Manager, Corporate Affairs, Mrs Yakubu Henrietta, who dispelled...

  • Posted May 30, 2017
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  FG receives N1.2bn housing loan for workers

  The Executive Secretary Federal Government Staff Housing Loans Board (FGSHLB) Dr Hannatu Adamu Fika has confirmed the receipt of about N1.2bn from the Federal Mortgage Bank (FMBN) for federal public workers to renovate their houses. Mrs Fika...

  • Posted May 28, 2017
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  FG will improve power, infrastructure before 2019 – Osinbajo

  Acting President Yemi Osinbajo has said the Federal Government will improve power and infrastructure, create enabling environment as well as create more employment opportunities for the youths before 2019. Speaking at the Lagos chamber of commerce and...

  • Posted May 27, 2017
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  Why there won’t be open bidding for refineries – Kachikwu

  The Minister of State for Petroleum Resources, Ibe Kachikwu said refineries repair cannot be done in an open bidding process. Speaking to Daily Trust in Vienna, Austria yesterday at the ongoing 172nd OPEC meeting, Kachikwu said refineries...

  • Posted May 27, 2017
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  Nigeria, Libya exempted as OPEC extends cut for nine months

  Nigeria and Libya have been exempted further, as the OPEC and non-OPEC producing members agree to extend the crude oil production cut by another nine months to allow further rebalancing of the market. The decision took place...

  • Posted May 27, 2017
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  Sokoto uncovers 13,415 ghost workers

  The Sokoto State Government Thursday said no fewer than 13,415 ghost workers were uncovered and removed from the payroll during the last verification exercise in the state. He also said the state government saved over N300 million...

  • Posted May 26, 2017
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