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  • Dangote commences cement production in Cameroon

    The management of Dangote Cement Plc has said that its planned consolidation of the African expansion drive remains on course with the commencement of production of its $150m Cameroon plant in Douala. The company said in a...

    • Posted April 9, 2015
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  • LCCI urges Buhari to focus on agriculture

    The Agric Group of the Lagos Chamber of Commerce and Industry has highlighted the need for the incoming government to focus on the review and implementation of existing agricultural policies in order to boost local food production...

    • Posted April 9, 2015
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  • Kaduna Disco now Kaduna Electric

    The MANAGEMENT of the Kaduna Electricity Distribution Company has adopted a new corporate name and logo for the company. The company will henceforth be known as Kaduna Electric and has adopted an improved redesigned lower case letter...

    • Posted April 9, 2015
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  • Manufacturers suggest continuation of polices, consumer rights as panacea to industrial growth

    Stakeholders in the manufacturing sector suggested on Wednesday that the continuation of good polices of the outgoing administration, enforcement of consumer rights and local content rules would revive the manufacturing sector. They told the News Agency of...

    • Posted April 8, 2015
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  • NLNG boss seeks adoption of Qatari Gas expansion model

    The Managing Director of the Nigeria Liquefied Natural Gas (NLNG) Limited, Mr. Babs Omotowa, has called for the deployment of an accelerated development model in producing and utilising Nigeria’s vast gas deposit. In his presentation at the...

    • Posted April 8, 2015
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  • Eko Atlantic unveils first phase development plan

    The developer and city planner of Eko Atlantic City, South Energyx Nigeria Limited, has unveiled the city’s first-phase development plan, which entails a 26-storey building, named the Azuri Peninsula containing 120 luxury apartments. The firm also disclosed...

    • Posted April 8, 2015
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  • Hackers hit bank ATMs in Lagos

    A large number of Automated Teller Machines located in some posh areas of Lagos like Victoria Island, Lekki Peninsula Phase I and II, and Ikoyi have been attacked by hackers and electronic fraudsters, it has been learnt....

    • Posted April 8, 2015
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  • OPEC’s net oil revenues fell 11% in 2014 – EIA

    The United States Energy Information Administration (EIA) has estimated that the members of the Organisation of the Petroleum Exporting Countries (OPEC), excluding Iran, earned about $730 billion in net oil export revenues (unadjusted for inflation) in 2014....

    • Posted April 8, 2015
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  • IPMAN tasks Buhari on products availability

    The Independent Petroleum Marketers Association of Nigeria (lPMAN) has congratulated the President-elect, General Muhammed Buhari over election success, and lauded President Goodluck Jonathan for demonstrating maturity and statesmanship. National President of IPMAN, Mr. Chinedu Okoronkwo, who gave...

    • Posted April 8, 2015
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  • Increased foreign investment will drive economic recovery – Analysts

    The smooth conduct of the presidential and National Assembly elections will lead to the recovery of Nigeria’s economy, analysts at Meristem Securities Limited have said. The analysts noted in the latest Meristem investment guide that the success...

    • Posted April 8, 2015
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  • BoI disbursed N800bn to SMEs in seven years

    The Managing Director and Chief Executive Officer, Bank of Industry, Mr. Rasheed Olaoluwa, says the bank has disbursed a total of N800bn to the Small and Medium Enterprises in the country in the last seven years. He...

    • Posted April 8, 2015
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  • ICA gives Buhari tips on economy

    The Institute of Credit Administration has said the availability of credit in monetary and trade terms to fuel export of made-in-Nigeria goods must become the major driver of the economic reform agenda. According to a statement signed...

    • Posted April 8, 2015
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  • 168,000 fishermen affected by 2011 Bonga spill – Monarch

    No fewer than 168,000 fishermen in 350 communities of Bayelsa and Delta states were affected by the 2011 Bonga oil spills, The PUNCH has learnt. In 2011, an oil spill from Bonga offshore, operated by Shell Nigeria...

    • Posted April 8, 2015
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  • Afren gets new deadline for payment of $50m

    United Kingdom-listed Afren has stated that it has obtained from the lenders of the $300 million Ebok debt facility a further deferral of the $50 million amortisation payment originally due on January 31, 2015 until April 30,...

    • Posted April 8, 2015
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