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  • Nigeria lags behind African counterparts in refining capacity

    Despite its status as Africa’s top crude oil producer and exporter, Nigeria continues to trail other African countries such as Algeria, Egypt, Libya and South Africa in terms of refining capacity. The World Oil and Gas Review...

    • Posted October 10, 2014
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  • FPSO project won’t delay affect cost – Samsung

    Samsung Heavy Industries Nigeria Limited has said despite the delay of the in-country facility development of the Egina Floating, Production, Storage and Offloading project, there would not be any change in the overall cost of the project....

    • Posted October 10, 2014
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  • NERDC endorses Glo Mobile Tutor software app solution

    The National Education Research and Development Council (NERDC), has commended Globacom for designing Glo Mobile Tutor, which it described as a comprehensive and affordable application software that would revolutionise teaching and learning across primary and secondary schools...

    • Posted October 10, 2014
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  • First Bank expands African footprint, launches FBN Bank Ghana

    Following the agreement reached by First Bank of Nigeria Limited and International Commercial Bank Financial Group Holdings Ag (ICBFGH) for the acquisition of a 100% equity interest in ICB GHANA, FirstBank today announced the launch of FBN...

    • Posted October 9, 2014
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  • Standard Chartered to hire 1,000 in Nigeria, others

    Standard Chartered is planning to hire at least 1,000 more staff in Nigeria and other parts of Africa in the next couple of years, an increase of more than 10 per cent, even as its expansion elsewhere...

    • Posted October 9, 2014
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  • Nigeria has 48 million active Internet users – NITDA

    The country’s active Internet users currently stand at over 48 million, the Director-General, National Information Technology Development Agency, Dr. Peter Jack, has said. A statement issued by NITDA’s Head of Public Affairs, Mrs. Hadiza Umar, in Abuja...

    • Posted October 9, 2014
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  • Equities market mood likely to remain calm — Analysts

    Capital markets analysts have said although gains are expected intermittently in the coming weeks, investors are likely going to remain cautious. Analysts at Meristem Securities Limited in their investment guide for the week said the equities outlook...

    • Posted October 9, 2014
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  • FG grants N25.8bn waivers, exemptions in five months

    The Federal Government of Nigeria has granted a total of N25.81 billion in waivers and exemptions to several organisations between January and May this year.  The beneficiary organisations include agencies, non-profit institutions and private businesses. A report...

    • Posted October 9, 2014
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  • Royal Exchange Group records N806m profit

    Royal Exchange Nigeria Plc has recorded N806.28 million profit from its operations  for the  financial year ended December 31, 2013. Investors’ stake in the company was grown marginally by 8.53 per cent from N8 .32 billion in...

    • Posted October 9, 2014
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  • Offshore investments in Nigeria’s Fixed Income Market hit $13.5bn

    The total value of offshore investors’ stake in Nigeria’s fixed income securities as at July 2014 has been put at $13.5 billion. This is largely made up of treasury bills held by the foreign investors. CSL Stockbrokers...

    • Posted October 9, 2014
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  • Discos can’t increase tariff to repay N213bn – NERC

    Power distribution companies will not be allowed to increase electricity tariff as they work to repay the Central Bank of Nigeria’s N213bn facility earmarked for operators in the power sector. This was disclosed by the Nigerian Electricity...

    • Posted October 9, 2014
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  • Lower oil prices put pressure on Nigerian economy

    With insurgency in parts of the North still taking a toll on agriculture and other economic activities in the region, the fall in the global oil prices, which began in June, is posing further threat to the...

    • Posted October 9, 2014
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  • Abuja International Trade Fair rakes in N1.5bn

    The President, Abuja Chamber of Commerce, Industry, Mines and Agriculture (ABUCCIMA), Mr. Solomon Nyagba, has said the just-concluded Abuja International Trade Fair raked in revenue in excess of N1.5 billion. Nyagba made this known to journalists yesterday...

    • Posted October 8, 2014
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  • Power: NERC issues disbursement terms for N213bn CBN Fund

    The Nigerian Electricity Regulatory Commission (NERC) has set fresh terms and conditions to be adhered to by operators in Nigeria’s electricity market that are eligible to benefit from the lately announced N213 billion loans from the Central...

    • Posted October 8, 2014
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