All posts by BusinessNews Staff

• 
  Governor Dickson reaffirms commitment to Brass LNG project

  Gov. Seriake Dickson of Bayelsa on Monday reaffirmed the commitment of his administration to ensure the actualisation of the Brass Liquified Natural Gas (LNG) project. The governor made the pledge when he paid a courtesy visit to...

  • Posted November 26, 2013
  • 0
• 
  EFCC re-arraigns fund manager over N390m fraud

  The Economic and Financial Crimes Commission (EFCC) on Monday re-arraigned a fund manager, Segun Bright, at an Ikeja High Court, charged with N390 million fraud. Bright, 36, is facing a 21-count charge, bothering on stealing before Justice...

  • Posted November 25, 2013
  • 0
• 
  Market Cap gains N436billion in five days

  Market rally deepened at the Nigerian Stock Market last week as the market capitalisation of entities on the main board appreciated by N436 billion or 3.60 percent within 5 days to close on Friday at N12.553 trillion...

  • Posted November 25, 2013
  • 0
• 
  Abia State Government signs MoU with Honeywell Group

  The investment drive of Abia State Governor, Chief Theodore Orji, has continued to yield positive results with the latest signing of a Memorandum of Understanding on agro-allied and solid minerals between the state government and Honeywell Group....

  • Posted November 23, 2013
  • 0
• 
  Marginal field operators lament menace of oil theft

  Some marginal field operators on Friday urged the Federal Government to urgently address the problem of incessant crude oil theft and pipeline vandalism. They told the News Agency of Nigeria (NAN) in separate interviews in Lagos that...

  • Posted November 23, 2013
  • 0
• 
  Investors trade 1.16 billion shares on Friday

  Transactions at the Nigerian Stock Market on the last trading day of the week ended on an impressive note as investors traded 1.16 billion shares valued at N7.92 billion in 6,534 deals. This was in contrast to...

  • Posted November 22, 2013
  • 0
• 
  PPMC completes rehabilitation of nine petroleum depots

  The Pipelines and Product Marketing Company (PPMC) on Thursday said it had completed the rehabilitation of nine petroleum products depots across the country in last one year. Mr Nasir Imodagbe, Manager, Public Affairs and External Relations, told...

  • Posted November 22, 2013
  • 0
• 
  FG urged to source $1bn loan to revive Ajaokuta Steel Complex

  Sen. Nurudeen Abatemi-Usman (PDP- Kogi), has suggested that the Federal Government should source for one billion dollars loan to revamp the Ajaokuta Steel Complex. Abatemi-Usman, member, Senate Committee on Power, Steel Development and Metallurgy, made the suggestion...

  • Posted November 22, 2013
  • 1
• 
  FG gas master plan to yield $25bn investments – Official

  Mr George Osahon, Director, Department of Petroleum Resources (DPR), on Thursday said that the Federal Government’s Gas Master Plan would yield about 25 billion dollars worth of investments. Osahon said this at a seminar organised by the...

  • Posted November 22, 2013
  • 0
• FirstBank holds SME Conference to empower entrepreneurs on Tuesday

  Committed to the sustained development of SME’s nationwide, FirstBank the leading SME bank, has as part of its far-reaching SME support programme named SMEConnect, has initiated an annual conference that will highlight challenges and opportunities for small...

  • Posted November 21, 2013
  • 0