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All posts by BusinessNews Staff

  • TCN announces collapse of Afam transmission lines

    The management of the Transmission Company of Nigeria (TCN) has said that one of its transmission towers, the Afam–Alaoji 132kV double circuit(DC) transmission line has collapsed. This is contained in a statement issued by TCN General Manager (Public...

    • Posted December 24, 2013
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  • Navy destroys 1,556 illegal oil refineries, arrests 1,646 suspects in 2013

    The Chief of Naval Staff (CNS), Vice Adm. Dele Ezeoba, on said that the Nigerian Navy destroyed 1,556 illegal oil refineries and arrested 1,646 suspects in 2013. Ezeoba disclosed this at the launch of the Chief of...

    • Posted December 24, 2013
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  • SEC approves Oando N30.7bn special placement

    The Securities and Exchange Commission (SEC) has approved Oando’s N30.7 billion special placement fund raising exercise for the acquisition of ConocoPhillips’ Nigerian assets. This was contained in a statement issued by Oando in Lagos and obtained by...

    • Posted December 24, 2013
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  • Privatisation of refineries has not started – BPE

    The Bureau of Public Enterprises (BPE) on Monday in Abuja said that privatisation of the nation’s four refineries had not started. This is contained in a statement signed by the Bureau’s Head of Public Communications, Mr Chigbo...

    • Posted December 24, 2013
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  • TCN says former MD was not sacked

    The Transmission Company of Nigeria (TCN) says its pioneer Managing Director, Mr Don Priesman, was not sacked as reported in the media. In a statement issued on Sunday in Abuja by Mrs Seun Olagunju, the TCN’s General...

    • Posted December 23, 2013
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  • Work on Oshodi/Apapa Expressway has reached 38% completion – Official

    The Federal Controller of Works in Lagos, Mr Oluwatoyin Obikoya, has said that work on the Oshodi/Apapa Expressway has reached 38 per cent. Speaking with the News Agency of Nigeria (NAN) in Lagos on Sunday, Obikoya said...

    • Posted December 23, 2013
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  • Former commissioner tasks Akwa Ibom Government to complete Ibaka Seaport

    A former Commissioner for Education in Akwa Ibom, Dr Effiong Edunam, has called on the state government to expedite action on the Ibaka Deep Seaport project. Edunam told the News Agency of Nigeria (NAN) in Uyo that...

    • Posted December 22, 2013
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  • Odu’a Investment Company appoints Chief Akinade as new chairman

    The Odu’a Investment Company has appointed Chief Isaac Akinade, a seasoned banker, as the company’s new chairman. This information is contained in a statement signed by the Group Managing Director of the company, Mr Adebayo Jimoh, and...

    • Posted December 22, 2013
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  • UK Hydrographic Office begins charting of Lekki Deep Seaport

    The Nigerian Ports Authority (NPA) on Friday said the UK Hydrographic Office had commenced the process of charting the Lekki Deep Seaport Area. The NPA Assistant General Manager, Hydro and Dredging, Mr Olumide Omotoso, made this known...

    • Posted December 21, 2013
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  • AMCON set to redeem N1trillion bonds

    The CBN Governor, Malam Sanusi Lamido Sanusi, said the Asset Management Company of Nigeria (AMCON), would soon redeem N1 trillion bonds to its first four bond holders. Sanusi disclosed this in Abuja on Friday at the signing...

    • Posted December 21, 2013
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