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All posts by BusinessNews Staff

  • FG Grants Eco-Support 20-year Concession for part of Apapa Port

    Federal Government  gave a 20-year concession for part of Apapa Port in Lagos to Eco Support Nigeria Ltd., which will spend $124 million over the next two years to expand capacity and meet increasing demand to ship oil...

    • Posted November 3, 2011
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  • Roche Group Takes Over Imo Palm Plantation

    IN a bid to reposition the company for economic gains, the Imo State government has finally handed over Adapalm plantation to an Irish Company, Roche Group in Ohaji / Egbema Local Government Area under Public Private Partnership...

    • Posted November 3, 2011
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  • Nigeria to issue diaspora bond in 2012

    Nigeria will issue a diaspora bond next year to raise funds for infrastructure and development projects, the head of its Debt Management Office (DMO) said on Thursday. Africa’s biggest oil producer will also introduce inflation-linked bonds in...

    • Posted November 3, 2011
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  • Roman Abramovich’s Testimony Shows How Crazy Business Was In Russia

    The court case between oligarches Boris Berezovsky and Roman Abramovich is worth watching for a number of reasons. Firstly, at $6.5 billion, the lawsuit is the biggest personal suit in history. Secondly, despite concerning events that took palce over ten years ago...

    • Posted November 3, 2011
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  • NNPC owes Federation Account N862b -NEITTI

    The Nigerian National Petroleum Corporation (NNPC) owed the Federation Account N862billion between 2004 and 2008, the Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), Mrs. Zainab Ahmed, has said. But the NNPC denied this, saying that the figure...

    • Posted November 3, 2011
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  • Airtel Nigeria slashes international call rates

    Airtel Nigeria has introduced an international call rate bundle offer worth N8.33 (about US $0.056) per minute to any of the listed destinations. The International call bundle offer is structured into three categories: N500 (about US $3.14), N200...

    • Posted November 2, 2011
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  • NNPC, PPPRA overdraw subsidy by N1.079tr in nine months – RMFAC

    Drama, accusations and rising temper characterised yesterday’s investigation by the House of Representatives into the non-remittance of N450 billion into the Federation Account. Federal Government top officials openly disagreed and confronted each other over the operations of the Nigerian...

    • Posted November 2, 2011
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  • Corporate Social Responsibility, not for Literature?

    Editor’s note: This guest post is written by Michael O. Irene, he is working on his first piece of fiction, The Judging Seeds. Currently, he is enrolled for a PHD in Creative Writing at Anglia Ruskin University, Cambridge. “Nigerians don’t...

    • Posted November 2, 2011
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  • CBN May Devalue Naira to 155-156 Per Dollar – Sanusi

    Nigeria’s central bank may lower its official target for the naira to 155-156 per dollar and aim to keep it stable around that level over the next year, Governor Lamido Sanusi said. “We think at this point...

    • Posted October 31, 2011
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  • ILO Calls on World Leaders To Create Employment Or Face Social Unrest

    The International Labour Organization has released a new report warning global leaders of the dangerous effects that growing global unemployment coupled with economic crisis may have on their regimes. The report entitled World of Work Report 2011,...

    • Posted October 31, 2011
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