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All posts by BusinessNews Staff

  • Nigeria, others may further cut crude prices

    The cut in the prices of the country’s crude oil grades, Bonny Light and Qua Iboe, by the Nigerian National Petroleum Corporation may prompt other oil exporters to cut their crude prices in a bid to attract...

    • Posted June 24, 2015
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  • FRC sets new dates for public hearing on Corporate Governance Code

    The Financial Reporting Council of Nigeria (FRC) has set new dates for public hearing on the proposed uniform code of corporate governance in Nigeria. The new dates disclosed by FRC’s spokesman, Mr. Mack Ogbamosa, in a statement...

    • Posted June 24, 2015
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  • Nigeria, others to remove trade barriers through standards

    The President, African Organisation for Standardisation, Dr. Joseph Odumodu, on Monday said that the harmonisation of standards within the African region would help to eliminate trade barriers. Odumodu, who is also the Director-General of the Standards Organisation...

    • Posted June 23, 2015
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  • Chevron to sell two more oil blocks

    The current wave of divestments of oil and gas assets by the international oil companies (IOCs) to increase indigenous participation in the industry has received a boost as Chevron has unfolded its plan to offer two more...

    • Posted June 23, 2015
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  • Address irregular oil blocks allocation – PENGASSAN tells Buhari

    The Petroleum and Natural Gas Senior Staff Association of Nigeria has challenged President Muhammadu Buhari to address irregular allocation and transfer of oil blocks, which it identified as one of the major challenges affecting the oil and...

    • Posted June 22, 2015
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  • Nigeria loses N399.4bn annually to poultry smuggling

    Nigeria is losing about $2.7bn (about N399.4bn) annually in revenue to smuggling of poultry products, the Poultry Association of Nigeria has said. The President of the association, Dr. Ayoola Oduntan, stated this while speaking during the 2015...

    • Posted June 22, 2015
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  • 36 states earn N2.87tn IGR in five years

    A total sum of N2.87tn was earned as Internally Generated Revenue by the 36 states of the federation within the last five years, a report prepared by the National Bureau of Statistics has shown. The report, a...

    • Posted June 22, 2015
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  • How Buhari can solve Nigeria’s energy challenges – NAEE

    The National Association of Energy Economists (NAEE) said at the weekend that for President Muhammadu Buhari to solve the country’s energy challenges, his government must seek to build and sustain institutional transparency in the sector NAEE told...

    • Posted June 22, 2015
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  • Nigeria’s telecoms market to generate $11bn by 2019

    An industry research conducted by Pyramid research team has revealed that Nigeria’s telecommunications market will generate over $11 billion at the tail end of 2019. The projection also unveiled that that the number of mobile subscribers in...

    • Posted June 22, 2015
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  • Benin Airport to be closed for four weeks for maintenance

    Air travellers taking the Benin City Airport in Edo State may have to seek alternative route as indications emerged Thursday that the airport would soon be closed for commercial flight activities for about four weeks. The airport,...

    • Posted June 21, 2015
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