All posts by BusinessNews Staff

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  Fastjet signs MoU with Nigeria’s Red 1 Airways Limited

  Fastjet Plc, Africa’s lowcost airline, on Thursday signed a Memorandum of Understanding with Nigeria’s Red1 Airways Limited to create a low cost airline operating within Nigeria and to destinations across Africa. The MoU brings together fastjet’s strong...

  • Posted June 14, 2013
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  Customs destroys smuggled turkey worth N98.6m in Oyo state

  Barely one month that the Oyo/Osun States Command of the Nigeria Customs Service destroyed smuggled frozen turkey worth N11.5 million, it has again destroyed another batch worth N98.6 million. The Deputy Comptroller of the NCS in the...

  • Posted June 13, 2013
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  Okomu to build Africa’s largest mill

  To boost yield from oil palm and rubber plantations in the country, Okomu Oil Palm Company Plc has revealed plans to build the biggest oil mill in Africa. The plan, which will see the company expanding its...

  • Posted June 11, 2013
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  NEITI has done well – President Jonathan

  President Goodluck Ebele Jonathan Monday commended the performance of the Nigeria Extractive Industries Transparency Initiative (NEITI) since its establishment in 2003. Receiving members of the board and management of NEITI led by the Chairman, Ledum Mitee at...

  • Posted June 10, 2013
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  Dangote Cement’s Chief Finance Officer resigns

  Dangote Cement has announced the resignation of its Chief Finance Officer,Tim Surridge. The company said its former official cited family reasons for his exit. Kuzhiyil Ravindran, who is currently the Chief Finance Officer of Dangote Industries, has...

  • Posted June 10, 2013
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  Nestle Nigeria Plc appoints new managing director

  Nestlé Nigerian Plc has announced the appointment of a new Managing Director and Chief Executive Officer, Dharnesh Gordhon. The company announced this via a press statement signed by its Corporate Communications and Public Affairs Manager, Samuel Adenekan....

  • Posted June 8, 2013
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  Ngozi Okonjo-Iweala: Clarifying Nigeria’s debt position

  There has recently been a lot of misinformation and misconception in our public debate on debt. My goal in this article is to shed some light on the public debt, to clarify the real state of Nigeria’s...

  • Posted June 7, 2013
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  FG selects Borno as beneficiary of Dry Port

  The Borno state Commissioner for Trade, Investment and Tourism, Dr. Asabe Vilita Bashir has said that in a bid to take advantage of Borno’s geographical location which gives it three international boundaries, the federal government, acting on...

  • Posted June 7, 2013
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  FIRS rakes in N1.5trillion in first quarter

  The Federal Inland Revenue Service said it collected N1.5 trillion revenue as at the end of April. A statement signed by the services’ Director, Communications and Liaison Department, Emmanuel Obeta, on Thursday in Abuja, said the figure...

  • Posted June 7, 2013
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  Govt to finalise sale of PHCN firms this month

  THE Federal Government may have concluded plans to finalise the ongoing privatization of the power sector this month, when the Power Holding Company of Nigeria (PHCN) distribution firms are expected to be handed over to their respective...

  • Posted June 6, 2013
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