All posts by BusinessNews Staff

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  CBN In Talks With NIPOST Over Turning Post Offices To Mobile Payment Centres

  Post offices may serve as mobile payment centres, if talks between the Central Bank of Nigeria (CBN) and Nigerian Postal Services (NIPOST) sail through. Under the plan, CBN and NIPOST will share facilities to promote the mobile payment...

  • Posted November 9, 2011
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  Nigerian Railway Corporation to start haulage of petroleum

  The Nigerian Railway Corporation (NRC) is to start the haulage of petroleum products and agricultural produce in the country, the Minister of Transport, Alhaji Idris Umar, has said. The minister said this in Ilorin on Tuesday at the twin-...

  • Posted November 9, 2011
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  UNBELIEVABLE: How Foreign Airlines Are Cheating Nigerian Local Rivals

  Last Wednesday, the Slot Allocation Committee of the aviation ministry slashed the flight frequency of frontline United Kingdom carrier, British Airways, from 14 weekly flights to 10. By this action, BA will, effective November 8, 2011, operate...

  • Posted November 8, 2011
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  Michael Jackson’s doctor found guilty of involuntary manslaughter

  Conrad Murray, 58, was charged with one count of involuntary manslaughter in the 2009 death of Jackson and faces up to four years in prison. The doctor, who was hired to care for Jackson as he prepared...

  • Posted November 7, 2011
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  Total discovers oil at its offshore Etisong North 1 well

  Total’s Nigerian subsidiary has announced it has made a new oil discovery at its offshore Etisong North 1 well. The well was drilled to a total depth of 2,387 metres in 80 metres of water. One of...

  • Posted November 7, 2011
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  Vitol in long-term deal to buy Nigeria Okwuibome crude

  Independent energy trader Vitol has entered into a long-term purchase agreement with Sterling Oil Trading and Sterling Oil Exploration for their new Nigerian Okwuibome crude oil production, the company said on Monday. The deal includes a pre-payment...

  • Posted November 7, 2011
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  Afren To Complete Acquisition Of OML 26 Stake By End 2011

  Afren’s acquisition of a stake in a Nigeria’s OML 26, announced last year, is on track to complete by the end of 2011, the company’s chief executive said. Last year, Afren announced that First Hydrocarbon Nigeria, the...

  • Posted November 7, 2011
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  Globacom will officially launch its operation in Ghana on 17 November

  Globacom, a Nigeria-based telco with operations in Gambia, Senegal, Nigeria, Benin and Cote d’Ivoire, has announced it will officially launch its operation in the country on 17 November 2011, three years after first receiving a licence to...

  • Posted November 7, 2011
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  FG reduces British Airways’ weekly flight from seven to three

  There appears to be no reprieve for British Airways yet as the Federal Government has taken steps to restrict all British Airways flights to Lagos from next week. Although the Federal Airports Authority of Nigeria, FAAN, cited...

  • Posted November 4, 2011
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  Vibrant Rail System Needed to Boost Nigeria’s Economy – Aregbesola

  Osun State Governor Rauf Aregbesola has said a vibrant rail system is needed to boost Nigeria’s economy. Aregbesola spoke yesterday in Osogbo, the Osun State capital, while signing a Memorandum of Understanding (MoU) with the Nigeria Railway...

  • Posted November 4, 2011
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