All posts by BusinessNews Staff

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  48 ships laden with containers, foods expected in Lagos from January 8

  The Nigerian Ports Authority (NPA) on Thursday said it was expecting 48 ships to berth at Lagos ports from January 8 to January 25. According to NPA in a statement made available to the News Agency of...

  • Posted January 10, 2015
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  Pipeline vandalism forces drop in power generation to 3,000MW

  The Transmission Company of Nigeria (TCN) Thursday disclosed that the maximum generated electricity available for it to transmit for distribution across the country has dropped to 3,000 megawatts (MW). TCN said in a statement signed by its...

  • Posted January 10, 2015
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  Investors cautious about dollar bonds from Nigeria, others

  Investors are turning more cautious about dollar bonds from ‘frontier’ markets – a fast growing but less developed and higher risk sub-set of emerging economies – due to sliding oil prices, low trading volumes and expectations of...

  • Posted January 10, 2015
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  Liquefied Natural Gas price crashes by 50% – Report

  As the price of crude oil dropped from $115 per barrel in June 2014 to less than $60 in December, a new report by Wood Mackenzie indicates that the spot price of Liquefied Natural Gas (LNG) also...

  • Posted January 10, 2015
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  Investors cautious on Nigeria, other frontier markets’ debts

  Investors are turning more cautious about dollar bonds from frontier markets – a fast growing but less developed and higher risk sub-set of emerging economies which include Nigeria, due to sliding oil prices, low trading volumes and...

  • Posted January 10, 2015
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  Nestle, others drag NSE index down by 2.4%

  Equities fell for the fourth straight session this week on Thursday as investors continued to give in to selling pressure. With the exception of the NSE Alternative Securities Market Index, which was unchanged at 1,213.36 basis points,...

  • Posted January 10, 2015
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  FG steps up oil search in Chad Basin

  In the face of dwindling oil reserves, the Federal Government has said it will intensify the search for oil in the Chad Basin area. It said the prevailing security challenges in the area would not deter it...

  • Posted January 10, 2015
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  AMCON set to sell Air Nigeria assets

  Three Boeing and Embraer planes as well as other assets belonging to Air Nigeria will soon be sold by the Asset Management Corporation of Nigeria, it has been learnt. The process that will lead to the sale...

  • Posted January 10, 2015
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  97 Nigerian oil fields idle

  In the face of dwindling production figures and spiral fall in crude prices, ninety-seven oil fields belonging to the country are currently not producing, findings by our correspondent have shown. The country has 315 oil fields in...

  • Posted January 10, 2015
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  FG achieves total monitoring of maritime domain

  The federal government has attained a total monitoring of its maritime domain through the acquisition of satellite systems which uses radar to access movement of vessels and other navigational activities. With a coastline of over 800 kilometres,...

  • Posted January 10, 2015
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