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All posts by BusinessNews Staff

  • MAN-Logo
    MAN wants postponement of 50% tariffs on tomato paste

    The Manufacturers Association of Nigeria (MAN), has urged the Federal Government to allow for more time before executing the 50 per cent tariff on imported tomatoes concentrates. President of MAN, Mr Frank Jacobs, in an interview with...

    • Posted April 15, 2017
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  • PIC 19 LAGOS - ILORIN MASS TRAIN  ARRIVES IBADAN ON IT'S WAY TO ILORIN AFTER FLAG-OFF IN LAGOS ON FRIDAY (28/10/11).
    Work commences on Lagos-Ibadan fast train

    Ahead of the commencement of the construction work of the Lagos-Ibadan standard gauge train, the Nigeria Railway Corporation (NRC) is to begin demolition of structures on its right of way from Apapa, Lagos to Ijoko, Ogun State....

    • Posted April 14, 2017
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  • OPEC
    OPEC figures show oil output cuts exceed pledge in March

    OPEC states cut oil output in March by more than they pledged under supply curbs, according to figures the exporter group uses to monitor its supply, extending a record of higher-than-expected adherence to its first production cut...

    • Posted April 14, 2017
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  • Senate
    Reps replace shippers’ council with transport commission

    maritime safety, education and administration and that on aviation. Addressing the House before the adoption of the report, the chairman of land transport committee, Rep Aminu Sani Isa (APC, Sokoto) said the main objective of the bill...

    • Posted April 14, 2017
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  • Greenwood-Kachikwu Apr2017
    FG begins $5.1bn debt payment to IOCs

    The Federal Government will by the end of this month begin payment of a $5.1 billion debt it owes five international oil companies (IOCs), Minister of State for Petroleum Resources, Ibe Kachikwu, has said. The government had...

    • Posted April 14, 2017
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  • CBN Logo
    Buhari appoints CBN non-executive directors

    President Muhammadu Buhari on Wednesday forwarded the list of his nominees to the Senate for confirmation as Non-Executive Directors of the Board of the Central Bank of Nigeria (CBN) in accordance with Sections 6 (1) (d) and...

    • Posted April 13, 2017
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  • NNPC Logo
    NNPC to begin to make money from its IT networks

    The Nigerian National Petroleum Corporation (NNPC) says it wants to commercialise some of its critical Information Communications and Technology (ICT) infrastructure in line with its bid to re-focus the Corporation as a commercially viable entity. The Group...

    • Posted April 13, 2017
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  • Arik-Air-1
    Arik Air owes local, foreign creditors N387bn – AMCON

    Assets Management Corporation of Nigeria (AMCON) which took over the indebted Arik, says the airline owed almost N387bn. This amount comprises N375bn local debt; €31million being owed Lufthansa Technik Group which manages Arik Air planes and $6.5m...

    • Posted April 13, 2017
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  • Murtala Muhammed International Airport
    Lagos Airport for certification April ending – NCAA DG

    Barring any unforeseen circumstance, the Murtala Mohammed International Airport (MMIA) would be certified at the end of the month, Director General of the Nigeria Civil Aviation Authority (NCAA), Capt. Mukhtar Usman has assured. Once the certification of...

    • Posted April 12, 2017
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  • Aliko-Dangote-1005
    Dangote to list refinery, petrochemical coys on NSE

    Alhaji Aliko Dangote, past President of the Nigerian Stock Exchange (NSE) on Monday promised the listing of companies under the Dangote Group of companies on the nation’s bourse. The companies include Refinery and Petrochemical. Dangote stated this...

    • Posted April 12, 2017
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