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All posts by BusinessNews Staff

  • Shell confirms leak from underwater facility

    Shell Petroleum Development Company has confirmed an oil leak incident from its underwater line within its oil fields in Bayelsa State. The company said in a statement on Thursday by its spokesperson, Mr. Joseph Obari, that the...

    • Posted March 7, 2015
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  • Budget: Reps propose $54 oil benchmark

    The House of Representatives on Thursday proposed that the crude oil benchmark for the 2015 budget should be $54, down from the $65 originally proposed by President Goodluck Jonathan. The Senate, which last week approved the 2015-2017...

    • Posted March 7, 2015
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  • Niger sells stake in Shiroro power plant

    The Niger state Government on Thursday announced that it had sold off part of its stake in North-South Power Holding Company, the firm that bought the Shiroro Hydro Electric Plant located in the state. Out of the...

    • Posted March 7, 2015
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  • House probes sale of oil blocks

    The House of Representatives on Thursday summoned the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, over the decision of Shell Petroleum Development Company of Nigeria to relinquish its interest in some oil blocks in Oil Mining Licence...

    • Posted March 7, 2015
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  • We are spearheading cargo development in Nigeria – FAAN

    The Managing Director of the Federal Airports Authority of Nigeria (FAAN), Saleh Dunoma has said the Authority would support any effort aimed at maximising the potential in the country’s air cargo sector. He noted that the volume...

    • Posted March 7, 2015
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  • House of The Week: An exquisite 6-bedroom House in Asokoro, Abuja

    Set in the prestigious and luxurious neighbourhood of Asokoro, our house of the week is a fully detached 6 bedroom house for sale. This house features 6 bedrooms, 6 bathrooms, 5 lounges, 1 dining area and 1...

    • Posted March 6, 2015
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  • CBN introduces N300bn real sector support facility

    As part of efforts to unlock the potential of the real sector to engender output growth, value added productivity and job creation, the Central Bank of Nigeria (CBN) has established a N300 billion Real Sector Support Facility...

    • Posted March 6, 2015
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  • MasterCard, eTranzact partner on payment services for Nigerians

    At the ongoing Mobile World Congress in Barcelona, Spain, MasterCard has announced an agreement with eTranzact International Plc, a leading pan-African mobile banking and payment services company, to make international remittance services available to millions of consumers...

    • Posted March 6, 2015
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  • Petrol subsidy rises to N1.43tn in 26 months

    For the whole of 2013, 2014 and the first two months this year, a total amount of N1.43tn was recorded as the total petrol subsidy claims from oil marketers. Out of this amount, the Federal Government is...

    • Posted March 6, 2015
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  • Access Bank extends N52.6bn rights issue by two weeks

    Access Bank Plc has extended its Rights Issue by two weeks toMarch 18, following an approval the bank received from the Securities and Exchange Commission (SEC). Access Bank Plc’s  Rights Issue of 7.627 billion ordinary shares of...

    • Posted March 6, 2015
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