Don't Miss


Latest News

  • Oil industry operators urge FG to deploy modern technology in combating pipeline vandalism

    Some oil and gas experts on Wednesrday urged the federal government to deploy modern technology in combating the activities of crude oil thieves in the Niger Delta area. They told the News Agency of Nigeria (NAN) in...

    • Posted March 27, 2015
    • 0
  • Shell sells $1.7bn Nigerian assets to Aiteo

    The Shell Petroleum Development Company of Nigeria Limited has announced the completion of the sale of its interest in Oil Mining Lease 29, the Nembe Creek Trunk Line and related facilities in the eastern Niger Delta. The...

    • Posted March 27, 2015
    • 0
  • MasterCard launches e-payment for MSMEs

    Global payment technology company, MasterCard, has introduced electronic payment system technology to Micro, Small and Medium Enterprises in the country. The company described the e-payment system as Nigeria’s first MSME-focused acceptance development programme that would extend the...

    • Posted March 27, 2015
    • 0
  • First Bank supports Omatek’s solar power initiative

    First Bank of Nigeria says it is providing strong support and advisory services to Omatek Ventures Plc in its solar power initiative. Omatek has just inaugurated a 50KVA three-phase off-grid solar solution factory in Lagos. The bank...

    • Posted March 27, 2015
    • 0
  • 875,000 bpd deepwater projects await FID

    Seven deepwater oil projects, with a combined capacity of 875,000 barrels per day, are awaiting final investment decision from International Oil Companies operating in the country. But the lingering plunge in global oil prices, coupled with the...

    • Posted March 27, 2015
    • 0
  • Nigerian entrepreneurs to receive mentorship through Microsoft Cloudpreneur

    In collaboration with Fate Foundation and Mara Mentor, Microsoft has launched the ‘Cloudpreneur Project’ in Nigeria, which will provide participants with entrepreneurship, Cloud and ICT training. At the end of the project, the 20 best performing participants...

    • Posted March 27, 2015
    • 0
  • FG’s revenue hits N711billion in January

    Nigeria’s estimated federally collected revenue stood at N710.78 billion as at January 2015, the Central Bank of Nigeria (CBN) has revealed. According to the central bank’s economic report for January 2015 obtained from its website, the amount...

    • Posted March 26, 2015
    • 0
  • Wema Bank’s full year profit rises by 59%

    Wema Bank Plc has declared a 58.8 per cent growth in its profit before tax in its full year audited results for the year ended December 31, 2014. The bank also said its total asset grew by...

    • Posted March 26, 2015
    • 0
  • PPPRA cuts petrol imports by 50%, scarcity worsens

    Four days to the presidential election, long queues of motorists resurfaced in the few filling stations that had petrol to sell in Lagos and Abuja on Tuesday as importers of the product were said to be handicapped...

    • Posted March 26, 2015
    • 0
  • It’s illegal to transact business in dollars in Nigeria – Emefiele

    As the Central Bank of Nigeria (CBN) struggles to meet demand for dollars in the foreign exchange market, its governor, Mr. Godwin Emefiele, has taken the well-worn path of his predecessors by declaring that the currency for...

    • Posted March 26, 2015
    • 0
  • SEC’s new rules to boost mergers and acquisitions in Nigeria

    As the appetite for mergers and acquisitions (M&A) continues to increase in Nigeria, the Securities and Exchange Commission (SEC) is set to fast-track the M&A process and make it more beneficial for all stakeholders. THISDAY had last...

    • Posted March 26, 2015
    • 0
  • FG defends electricity tariff cut

    Despite the criticisms that have greeted the recent slash of electricity tariffs, the Federal Government says the cut is aimed at improving the welfare of Nigerians. According to the government, the reduction in tariffs will not lead...

    • Posted March 26, 2015
    • 0
  • NSE, MSCI sign agreement on market indices

    MSCI Incorporated, a leading provider of investment decision support tools worldwide, and the Nigerian Stock Exchange have signed a “strategic co-operation agreement to develop and market a co-branded family of indexes” for the Nigerian equity market.” Based...

    • Posted March 26, 2015
    • 0
  • Government to punish firms with fake EIAs

    Local and international firms parading Environmental Impact Assessment certificates that are not duly issued by the Federal Government risk severe sanctions. According to the government, it is the duty of the Federal Ministry of Environment to issue...

    • Posted March 26, 2015
    • 0