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  • Onshore oil taxation too high – Alakija

    Nigeria’s 85 per cent tax on onshore crude oil production is dissuading local investors from taking over assets from international oil companies, said Folorunso Alakija, an energy tycoon and the nation’s richest woman. Famfa Oil Limited, founded...

    • Posted September 19, 2015
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  • Ikpeazu moves to produce skilled youths to feed Aba factories

    Abia State Governor, Dr. Okezie Ikpeazu, Wednesday took a bold step to revive the technical vocational education in the state in order to produce school leavers that would possess the requisite skills to fit into the manpower...

    • Posted September 18, 2015
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  • Nigeria’s Taylor resumes as Secretary General of CTO

    Following the appointment of Mr. Shola Taylor, a Nigerian, as the next Secretary General/Chief Executive of the 54-member nation Commonwealth Telecommunications Organisation (CTO), some months ago, the Nigerian-born technocrat resumed work this Thursday. Taylor’s appointment was announced...

    • Posted September 18, 2015
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  • FGN Bonds remain safe, liquid – DMO

    The Federal Government of Nigeria Bonds remains safe and liquid despite the planned phasing out of the debt instrument by JPMorgan, the Debt Management Office has said. At a press conference in Abuja on Wednesday, the Director-General,...

    • Posted September 18, 2015
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  • Bond Market remains attractive despite JPMorgan delisting

    The Director General of the Debt Management Office (DMO), Dr. Abraham Nwankwo, on Wednesday reassured Nigerians that the recent announcement by JPMorgan Chase & Co. to phase out Federal Government of Nigeria (FGN) Bonds from its Government...

    • Posted September 18, 2015
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  • ExxonMobil begins crude oil production in Erha North Phase 2

    United States oil giant, ExxonMobil Corporation, Wednesday announced that its subsidiary, Esso Exploration and Production Nigeria Limited (EEPNL), has started oil production five months ahead of schedule at the Erha North Phase two project offshore Nigeria. The...

    • Posted September 18, 2015
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  • Budget constraints affect power investment – FG

    The Permanent Secretary, Ministry of Power, Dr. Godknows Igali, has said that prior to privatisation, the growth of the country’s power sector was constrained by the budget, which did not make adequate provisions for power-related projects. He...

    • Posted September 18, 2015
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  • Chevron, contractors’ row deepens as NUPENG protests

    The row between Chevron Nigeria Limited and some employees of companies contracted by the oil major deepened on Wednesday as members of the Nigerian Union of Petroleum and Natural Gas Workers stormed its offices in Lagos, Port...

    • Posted September 18, 2015
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  • Banks profit set to fall over TSA

    The cash shortage occasioned by the commencement of the Treasury Single Account policy will make banks’ profits to decline, it has been learnt. Top bank executives told our correspondents on condition of anonymity on Wednesday that the...

    • Posted September 18, 2015
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  • How Nigeria can attract investment, boost growth – Peterside

    The Chairman, Stanbic IBTC Bank Plc, Mr. Atedo Peterside, has highlighted ways in which Nigeria can reverse its dwindling economic fortunes, stressing that decisive policy steps were vital. According to Peterside, decisive policies are needed because it...

    • Posted September 18, 2015
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  • FMDQ OTC admits N8.15bn Wema Commercial Paper

    FMDQ OTC Plc on Wednesday admitted the Wema Bank Plc N8.15 billion Series 1 Commercial Paper (CP) for trading having successfully  met the quotation requirements of  the securities exchange. The N8.15 billion CP is under the N10...

    • Posted September 18, 2015
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  • Food Company to invest $450m in Nigeria, others

    Kellogg Company, an American multinational food manufacturing company headquartered in Battle Creek, Michigan, United States,  is setting up a joint venture with the African arm of Singapore’s Tolaram Group to bolster its breakfast and snack food offerings...

    • Posted September 17, 2015
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  • Shareholders approve Flour Mills’ subsidiaries merger with HoldCo

    Shareholders of Flour Mills of Nigeria Plc (FMN) have endorsed the company’s bid to merge five of its subsidiaries with its holding company. The company had obtained the approval-in-principle of the Securities and Exchange Commission (SEC) to...

    • Posted September 17, 2015
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  • Oil theft bigger threat than price slump – Experts

    Stakeholders in the upstream segment of the nation’s petroleum industry under the aegis of the Nigerian Association of Petroleum Explorationists have raised the alarm over the spate of oil theft and illegal crude refining in the country,...

    • Posted September 17, 2015
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