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  • ECOWAS Bank renews president’s tenure

    The Board of Governors of the ECOWAS Bank for Investment and Development (EBID) which comprises Finance Ministers from the 15-Member States of the Economic Community of West African States (ECOWAS), has  renewed the tenure of the President...

    • Posted August 2, 2015
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  • FG may renew charges on illegal aircraft charter operators

    Feelers from the Ministry of Aviation indicate that the charges imposed on illegal private charter operators by outgone Goodluck Jonathan administration may still subsist under the present administration to discourage foreign registered aircraft from operating in the...

    • Posted August 1, 2015
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  • IPMAN wants NNPC to stop sending members’ petrol allocation to Capital Oil

    Based on its accusation of fraudulent practices against Capital Oil and Gas, the Independent Petroleum Marketers Association of Nigeria (IPMAN), has asked the Nigerian National Petroleum Corporation (NNPC) to stop sending members’ allocation of petrol to the...

    • Posted August 1, 2015
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  • Dangote Cement declares N121.8bn half-year profit

    Dangote Cement Plc achieved a profit after tax of N121.808 in the six-month period ended June 30,2015, the company’s condensed consolidated statement of profit or loss and other comprehensive income for the period showed. The figure was...

    • Posted August 1, 2015
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  • Naira rebounds in parallel market as banks reject dollar deposits

    The naira, which had fallen sharply in the parallel market, staged a major recovery thursday, as it appreciated to a band of N225 to N230 to a dollar, compared to N240 to the dollar at which it...

    • Posted August 1, 2015
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  • FCMB Group Plc posts N9.6bn profit before tax in six months

    FCMB Group Plc has recorded a growth of  11 per cent in revenue for the half year ended June 30, 2015 and ended with a profit before tax (PBT) of N9.6 billion. FCMB recorded a revenue of...

    • Posted August 1, 2015
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  • NCAA to publish debtor airlines’ names

    The Nigerian Civil Aviation Authority on Thursday said it would publish thez names and amount being owed by each airline operating in the country if the carriers failed to make the necessary remittances within two weeks. The...

    • Posted August 1, 2015
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  • DPR gets task force on petrol pricing

    Following the continued sale of petrol above the stipulated pump price by some marketers, the Department of Petroleum Resources has said it will engage law enforcement agencies like the police, Pipelines and Product Marketing Company and the...

    • Posted August 1, 2015
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  • US agency to train Dangote Oil Refinery workers

    The United States Trade and Development Agency has signed a $997,447 training grant with Dangote Oil Refining Company to develop critical human capacity resources necessary to successfully operate and maintain Dangote’s Greenfield petroleum refinery situated in Lagos....

    • Posted August 1, 2015
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  • Microsoft unit fires 85% of Nigerian workers

    Microsoft on Thursday sacked 34 (85 per cent) of the 40 employees in the Nigerian office of its phone division. The sacking came 24 hours after the company’s latest Windows 10 was made available in Nigeria and...

    • Posted August 1, 2015
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  • Alleged infractions: BGL to appear before SEC next Tuesday

    As part of efforts to finally resolve the investor complaints  made against BGL Group Plc, the Securities and Exchange Commission (SEC) will listen to the defence of the market operator before taking final decision. SEC, in a...

    • Posted August 1, 2015
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  • BUA gears up for August launch of 3mmt Obu Cement Plant

    At the current rate, it is expected that cement dispatch to various markets will commence in the first week of August. Speaking on the new plant, BUA Group Chairman/CEO, Abdulsamad Rabiu, said the company’s three-year journey in...

    • Posted July 31, 2015
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  • Nigeria LNG to Take Delivery of four carrier ships this year

    The Nigeria Liquefied Natural Gas Company (NLNG)  is expected to take delivery of four LNG carrier ships before year-end and another two next year, its chief executive said, positioning the state-backed gas exporter to expand its share...

    • Posted July 31, 2015
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  • CPC plans new regulation for e-commerce

    The Consumer Protection Council on Wednesday unveiled plans to set up a comprehensive framework that would regulate the conduct of electronic commerce transactions in the country. The Director-General, CPC, Mrs. Dupe Atoki, said this in Abuja at...

    • Posted July 31, 2015
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