Don't Miss


All posts by BusinessNews Staff

  • First Bank signs $100m SME facility agreement with China Bank

    In its bid to boost lending to small and medium scale enterprises in Nigeria, and also stimulate economic growth in the country, Nigeria’s Best Banking Brand, First Bank of Nigeria Limited today signed a $100m facility agreement...

    • Posted July 9, 2013
    • 0
  • Oando to Build N16bn IPPs for Lagos, Abuja Airports

    An indigenous oil company, Oando Plc, has concluded discussion with the federal government to provide long-term, uninterrupted power supply to the Murtala Muhammed International Airport (MMIA), Lagos and Nnamdi Azikiwe International Airport (NAIA), Abuja through the establishment...

    • Posted July 9, 2013
    • 0
  • NLNG loses bid to reaffirm restraining order against NIMASA

    The Nigeria Liquefied and Natural Gas (NLNG) Limited on Monday lost in its quest to reaffirm an order of the Federal High Court in Lagos restraining the Nigerian Maritime Administration and Safety Agency (NIMASA) from detaining its...

    • Posted July 9, 2013
    • 0
  • Oil thievery is adversely affecting Nigeria’s economy – Shell

    The Managing Director of Shell Petroleum Development Company (SPDC), Mutiu Sunmonu has warned that continuous oil theft and pipeline vandalism in the Niger-Delta will continue to have adverse effects on the nation’s economy. Sunmonu, who made this...

    • Posted July 9, 2013
    • 0
  • Imo government completes 60 MDG projects

    The administration of Governor Rochas Okorocha of Imo State says over 60 projects under the state government and MDG partnership have been completed. The projects would be ready for commissioning by the end of the month. The...

    • Posted July 7, 2013
    • 0
  • Oil theft: PENGASSAN, NUPENG give FG ultimatum to secure oil installations

    The Petroleum and Natural Gas Senior Staff Association of Nigeria,PENGASSAN, and the National Union of Petroleum and Natural Gas Workers,NUPENG, have issued 60-day-ultimatum to the Federal Government to fully secure all oil and gas installations, especially pipelines...

    • Posted July 6, 2013
    • 0
  • Oando shareholders to receive N5.1bn dividend

    The Group Chief Executive of Oando Plc, Mr. Wale Tinubu has said that the company’s shareholders will receive a dividend of N5.1bn for the year ended December 31, 2012. A statement from the company yesterday said the...

    • Posted July 5, 2013
    • 0
  • Okonjo-Iweala to FIRS: Consider birth certificate as tax registration

    As the country’s fortunes dwindles from the sale of crude oil, the Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala, has instructed the Federal Inland Revenue Service (FIRS) to employ “any efforts” to...

    • Posted July 5, 2013
    • 0
  • CBN expresses worry over N11.7b spent yearly to import tinned tomato

    The Central Bank of Nigeria (CBN) has expressed dismay over a whooping N11.7 billion spent annually to import processed tomato paste on a yearly basis by the Nigerian government. CBN Governor, Mallam Lamido Sanusi noted this Tuesday...

    • Posted July 3, 2013
    • 0
  • Govt to scrap BPE, NAPEP, NEIC, 217 other agencies

    The Federal Executive Council (FEC) has agreed to scrap the Bureau of Public Enterprises (BPE) and 219 other parastatals and agencies. There are about 540 of such agencies. Besides, the government is to merge the Economic and...

    • Posted July 2, 2013
    • 0