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All posts by BusinessNews Staff

  • Shell 1023
    Shell Nigeria considers investment in gas project in Niger Delta

    Shell is considering whether to invest in a gas project in Nigeria’s southern Niger Delta energy hub, the managing director of the local unit said on Tuesday. Nigeria has the world’s ninth largest proven gas reserves, at...

    • Posted June 21, 2017
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  • etisalat
    Banks take over Etisalat after debt talks fail

    Etisalat has been instructed to transfer its 45 per cent stake in Etisalat Nigeria to a loan trustee after debt restructuring talks with lenders failed, the company said on Tuesday. The Abu Dhabi telecoms company said in...

    • Posted June 21, 2017
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  • CBN
    CBN to sell $100 million at forex market auction

    Nigeria’s central bank plans to sell $100 million at a special foreign currency auction on Monday, the bank said as part of its efforts to improve dollar liquidity and reduce pressure on the local naira currency. In...

    • Posted June 20, 2017
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  • NNPC logo 1
    How cost of diesel fell by N25/litre – NNPC

    Improvement in supply and remodelling of the product distribution has led to the crash of the price of Automotive Gas Oil (AGO), also known as diesel by about 42 per cent nationwide, the Nigerian National Petroleum Corporation...

    • Posted June 20, 2017
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  • niger-delta-pipeline
    FG peace moves crashes pipeline vandalism by 12% – NNPC

    The Nigerian National Petroleum Corporation (NNPC) says it has recorded 12.77 per cent reduction in downstream pipeline vandalism following the extensive engagement with oil and gas community stakeholders embarked upon by the federal government and the corporation....

    • Posted June 20, 2017
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  • World Bank HQ, Washington D.C
    World Bank to assist Nigeria strengthen fiscal sustainability plan

    The World Bank Group is set to assist state governments in Nigeria to improve their fiscal sustainability by strengthening and consolidating the Fiscal Sustainability Plan. The development was confirmed in a statement issued on Friday by the...

    • Posted June 18, 2017
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  • finance-minister-kemi-adeosun-1
    FG engages foreign investigators to trace illicit funds

    The Minister of Finance, Mrs. Kemi Adeosun, on Friday, said the Federal Government had engaged a global investigation agency in a bid to trace illicit funds originating from Nigeria to different parts of the world. Adeosun stated...

    • Posted June 18, 2017
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  • Saraki_183302685
    Capital Market: Senate receives three bills from SEC

    The Security and Exchange Commission (SEC), on Thursday, presented three draft bills to the Senate, aimed at enhancing the operations of the capital market and reposition it as a dependable catalyst for economic recovery. The Director General...

    • Posted June 18, 2017
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  • CBN Logo
    CBN dollar sales on I&E Forex Window falls below 30%

    The Central Bank of Nigeria (CBN) dollar sales on the Investors and Exporters’(I&E) foreign exchange (forex) window have reduced to below 30 per cent, the Deputy Managing Director, Stanbic IBTC Bank Plc, Mr. Demola Shogunle, disclosed thursday....

    • Posted June 17, 2017
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  • NCC_065029812
    Again, NCC warns network providers against unwholesome practices

    The Nigerian Communications Commission (NCC) has again, despite several warnings, cautioned networK providers against embarking on unwholesome practices in service delivery to telecom consumers in the country. The Director, Consumer Affairs Bureau of the NCC Abdullahi Maikano,...

    • Posted June 17, 2017
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