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All posts by BusinessNews Staff

  • Aliko Dangote to speak at the 2nd Africa Global Business Forum in Dubai

    Aliko Dangote, Africa’s richest man, whose business activities drive economic growth across the continent has confirmed his presence at the 2nd Africa Global Business Forum, taking place on October 1st and 2nd in Atlantis The Palm, Dubai....

    • Posted August 15, 2014
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  • “Multiple taxation hinders establishment of industries” – Adewumi

    Multiple taxation in Nigeria has been identified as a major problem militating against the establishment of industries by local investors in the country. This development has been the reason why thousands of graduates have been roaming the...

    • Posted August 9, 2014
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  • Telecoms companies to disconnect substandard phones from networks – SON

    Dr. Joseph Odumodu, Director General, Standards Organisation of Nigeria (SON) has disclosed that In no distant future, the Federal Government will order telecommunication companies in the country to begin a nationwide switch-off of over 12.6 million fake...

    • Posted August 8, 2014
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  • Production in Shell’s new oil well to raise Nigeria’s crude oil earnings by N672m daily

    Shell Nigeria Exploration and Production Company Limited, SNEPCo’s commencement of productions on Wednesday from the first well at the Bonga North West deep-water development offshore Nigeria is raising the hopes of Nigeria’s crude oil production rising by...

    • Posted August 7, 2014
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  • President Jonathan demands for US support to boost economic growth

    President Goodluck Jonathan, on wednesday pursued greater support from the United States in an effort to make other sectors of the Nigerian economy more productive. The President made the call in in Washington DC, USA. He stated...

    • Posted August 7, 2014
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  • FG approves two consortium to bid for NITEL/MTEL assets

    The Federal Government on Monday approved two of the 17 interested companies to bid for the assets of Nigerian Telecommunications Ltd (NITEL) and its subsidiary, Mobile Telecommunication Ltd (MTEL). The Minister of Mines and Steel, Alhaji Musa...

    • Posted August 4, 2014
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  • ICAN advocates strengthening of Nigeria’s economic policy

    Mr. Chidi Ajaegbu, the fiftieth President of the Institute of Chartered Accountants of Nigeria (ICAN), has advocated for the strengthening of the country’s economic policy. Ajaegbu, who made the call at the Ninth Annual Eastern District’s Accountants’...

    • Posted August 1, 2014
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  • Sarumi elected 5th president of Nigerian Chamber of Shipping

    The Former Managing Director, Nigerian Ports Authority (NPA), Chief Adebayo Sarumi, has been elected as the 5th President of the Nigerian Chamber of Shipping (NCS). Sarumi had served as the Managing Director of NPA from Oct. 15,...

    • Posted July 31, 2014
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  • FG
    FG calls for trucks’ holding bay in Lagos

    The Federal Government on Tuesday, urged Lagos State to build permanent holding bay for trucks and tankers to park, to ease the logjam around Apapa area of the State. The Minister of State for Defence, Musiliu Obanikoro,...

    • Posted July 31, 2014
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  • Oando acquires ConocoPhilips for $1.5bn

    Oando Plc on Wednesday completed the acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips for 1.5 billion dollars (about N2.3 trillion). The News Agency of Nigeria (NAN) reports that Oando announced the acquisition in...

    • Posted July 31, 2014
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