All posts by BusinessNews Staff

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  NLNG begins gas export this week

  The management of the Nigerian Liquefied Natural Gas Limited (NLNG) has concluded plans to deliver liquefied natural gas to major export terminals in Spain, Italy, France and Turkey this week. This followed the out-ofcourt settlement concluded with...

  • Posted July 15, 2013
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  Lagos sets new rule for communication masts

  THE Lagos State government has come up with a new set of standards for the installation of communications masts in the state. However, the new standards will not affect telecommunications firms, which are the highest users of...

  • Posted July 15, 2013
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  Nigeria, China sign agreement on comprehensive financial cooperation

  President Goodluck Jonathan and President Xi Jinping of China Wednesday in Beijing presided over the signing of five agreements to boost financial, trade, economic, technical and cultural relations between Nigeria and China. The agreements which were signed...

  • Posted July 10, 2013
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  N4.7b scam: Court fixes ruling on Babalakin’s submission for September 23

  A Lagos State High Court sitting in Ikeja on Tuesday adjourned ruling on the “no case submission” brought by the Chairman of Bi-Courtney Limited, Dr. Wale Babalakin. The businessman and four others, are accused of conspiracy to...

  • Posted July 10, 2013
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  MTN Deactivates Unregistered SIM Cards, Airtel To Follow Suit

  FOLLOWING the expiration of the deadline for SIM registration on June 30, MTN has announced that it has deactivated unregistered subscribers as directed by the Nigerian Communications Commission (NCC). In a statement Friday, MTN Nigeria’s Corporate Service...

  • Posted July 10, 2013
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  Reps investigate Union Bank MD, Osibodu

  The House of Representatives yesterday set up a panel to investigate fraud allegations against the Managing Director of Union Bank of Nigeria, Mrs. Funke Osibodu. Hon. Akpan Micah Umoh (PDP-Akwa Ibom) moved the motion which led to...

  • Posted July 10, 2013
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  Again, Diamond Bank sacks over 100 workers

  Diamond Bank Plc yesterday relieved over 100 of its staff their jobs, for not measuring up to the Bank’s measuring standard. National Mirror was told that those affected, which included those that have spent over five years...

  • Posted July 10, 2013
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  Chinese firm to complete four airports in 2015

  The China Civil Engineering Construction Corporation has pledged to deliver the four international airport terminals it will be constructing in Nigeria in 20 months time. The airport terminals will be located in Lagos, Abuja, Kano and Port...

  • Posted July 10, 2013
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  FCT Area Councils share N2.2bn revenue, excess crude

  The Federal Capital Territory Area Councils Joint Account Allocation Committee (JAAC) on Tuesday distributed N2,213,498,696.45 among the six area councils and other stakeholders in the FCT being revenue that accrued for the month of May 2013. The...

  • Posted July 10, 2013
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  Bauchi Government secures $18million World Bank intervention fund to tackle unemployment

  In Its efforts to tackle unemployment, the Bauchi State Government said it has secured a World Bank intervention programme at the cost of 18m dollars to address the problem of unemployment in the state. The Commissioner for...

  • Posted July 10, 2013
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