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  • Members expectant as OPEC discusses production quota tomorrow

    As countries such as Nigeria and Venezuela continue to take a hard knock from the decision of the Organisation of Petroleum Exporting Countries not to cut production at its meeting in November last year, industry experts said...

    • Posted June 5, 2015
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  • We won’t extend recapitalisation deadline again – SEC

    The Securities and Exchange Commission has informed capital market operators that it will stick to the September 30, 2015 deadline, which it set for them to recapitalise their operations in line with new capital requirements approved by...

    • Posted June 5, 2015
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  • Report puts investment opportunities in Africa at $350bn

    A study has put a monetary value to sustainable innovations as well as new opportunities in Africa, stating that the continent can deliver $350 billion per year in extra revenue and cost savings. Global management consulting company,...

    • Posted June 5, 2015
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  • Seplat targets natural gas to boost revenue, profitability

    The Chief Executive Officer, Seplat Petroleum Development Company Plc, Mr. Augustine  Avuru on Tuesday said the company  would explore its natural gas production potential to hedge against the   falling oil prices. Seplat is the only petroleum exploration...

    • Posted June 4, 2015
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  • Kwara strengthens tax collection strategy

    Kwara State Governor, Dr Abdulfatah Ahmed, has emphasised that a major priority of his administration toward meeting the challenge of dwindling federal allocation is to make the process of tax collection and administration efficient and effective. Ahmed,...

    • Posted June 4, 2015
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  • Multinationals cheat Nigeria, others of N2tn – Oxfam

    Multinationals have been accused of cheating Nigeria and other African countries of more than N2tn. According to a new report entitled, ‘Africa: Rising for the few,’ by Oxfam, an international organisation working to provide solutions to poverty...

    • Posted June 4, 2015
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  • Fuel scarcity: Abuja Chamber puts revenue Loss at N500m weekly

    The Abuja Chamber of Commerce and industry Limited, has said that businesses in the Federal capital Territory (FCT) lost about N500 million revenue weekly due to the current fuel scarcity The President of the Chamber, Mr. Tony...

    • Posted June 4, 2015
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  • Ijewere expresses confidence in Adesina’s ability to pilot AfDB

    The Chairman and Coordinator of Nigeria Agriculture Business Group (NABG), Messrs Sani Dangote and Emmanuel Ijewere respectively, Wednesday expressed confidence in the ability of the newly elected President of African Development Bank (AfDB), and former Minister of...

    • Posted June 4, 2015
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  • PENGASSAN advocates review of NNPC board

    To ensure the effective management of the Nigerian National Petroleum Corporation, the Petroleum and Natural Gas Senior Staff Association of Nigeria has called on the Federal Government to review the composition of the Board of Directors of...

    • Posted June 4, 2015
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  • AMCON’s stake in banks, others worth N100bn – Chike-Obi

    The Asset Management Corporation of Nigeria, the bad debt manager created to acquire non-performing loans of banks in the aftermath of the 2009 banking sector crisis, still has shares worth over N100bn in Deposit Money Banks and...

    • Posted June 4, 2015
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  • NERC to set estimated electricity billing limit

    The Nigerian Electricity Regulatory Commission on Tuesday revealed its plan to put a ceiling on the quantum of consumption that unmetered customers in a particular class could be billed by estimation in any particular month. While NERC...

    • Posted June 4, 2015
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  • Access Bank, Hyundai unveil auto finance scheme

    Hyundai Motors Nigeria Limited, in collaboration with the Access Bank Group, has introduced a new vehicle finance scheme aimed at enabling prospective customers to buy brand new Hyundai vehicles and commence payment after 90 days. The initiative,...

    • Posted June 4, 2015
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  • Fidelity Bank promises better deal for shareholders

    Investors stake funds on stocks and expect  returns on their investments. The returns can be in form of cash dividends, bonus shares or capital appreciation.  Retail shareholders in Nigerian market prefer cash dividend. This is why they...

    • Posted June 4, 2015
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  • Nigeria-China trade volume rises to $23.5bn

    Nigeria’s bilateral trade with the Peoples’ Republic of China has risen to about $23.5 billion from a mere $3.4 billion that it was back in 2009, the Nigeria-China Business Council (NCBC) said on Monday in Abuja. The...

    • Posted June 3, 2015
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