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All posts by BusinessNews Staff

  • World: News You Don’t Want to Miss [11-Oct-2011]

    Asian markets were mostly up in overnight trading with the Hang Seng up 2.4%, as a unit of China’s sovereign wealth fund boosted holdings of four huge Chinese lenders. As markets await Solvakia’s vote on the EFSF, Europe is lower...

    • Posted October 11, 2011
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  • Oil-pipeline
    Pipeline explosion leads to Shell force majeure

    An explosion at a pipeline in Nigeria has led Shell to declare force majeure on some crude oil exports from the country for almost three months. The Anglo-Dutch supermajor was informed of a leak on the Trans...

    • Posted October 11, 2011
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  • Sirius Petroleum eyes first marginal oil field project in Nigeria

    Sirius Petroleum  has signed an agreement that could lead to it taking a 40% stake in what would be its first marginal field project in Nigeria. It has signed a Financial and Technical Services Agreement with local...

    • Posted October 11, 2011
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  • World: News You Don’t Want to Miss [10-Oct-2011]

    More talk of recapitalization of European banks has caused markets to rally. Asian markets were mixed in overnight trading with the Bombay Stock Exchange rising 2%. Europe is moderately higher and U.S. futures are sharply higher ahead...

    • Posted October 10, 2011
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  • Airtel Nigeria Reopens After Labour Union Shutdown

    Airtel Nigeria has thanked its customers across the country particularly those in the Federal Capital Territory and environs as it opened its offices across the country following an end to the face off over outsourcing between labour...

    • Posted October 10, 2011
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  • Ngozi Okonjo-Iweala
    FG plans N100b power subsidy for low income earners

    The Federal Government is to inject N100 billion in the 2012 budget as subsidy to cushion the effect of electricity tariff on low income earners, The Nation has learnt A source at the Bureau of Public Enterprises (BPE)...

    • Posted October 10, 2011
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  • AP sacks 100 staff

    African Petroleum (AP) Plc, one of the country’s leading downstream companies, has begun downsizing its workforce as part of its restructuring to reposition the company for competition. The exercise, according to reliable sources in the company, will affect about...

    • Posted October 10, 2011
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  • Fraud named fuel subsidy [Opinion]

    If I were some people that manage Nigeria, there would be times I should admit I have lost ideas of what to do. One of such times is a quagmire where the power and resources managers for...

    • Posted October 8, 2011
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  • Arik Air Orders Two Boeing 747-8 Intercontinental’s

    Arik Air Ltd. finalized Thursday an order to purchase two 747-8 Intercontinental airplanes from aerospace and defense giant Boeing Co.  for about $635 million at list prices. Boeing noted that the order was previously attributed to an...

    • Posted October 8, 2011
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  • MultiChoice Nigeria Appoints John Ugbe as Managing Director

    MultiChoice Nigeria has announced the appointment of Mr John Ugbe as Managing Director of MultiChoice Nigeria effective from November this year. This appointment, according to a statement, marks the first Nigerian executive to be appointed to this...

    • Posted October 7, 2011
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