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  • NLNG’s investment in gas infrastructure hits N1.8tr

    Gross investment from the Nigerian Liquefied Natural Gas (NLNG) Limited to aid production of gas in the country has been estimated to have hit about $12 billion (about N1.92 trillion). The Managing Director,NLNG, Babs Omotowa, who disclosed...

    • Posted December 1, 2013
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  • NDIC emerges most outstanding public institution for 2012/2013

    The Nigeria Deposit Insurance Corporation (NDIC) has emerged the most outstanding public institution in terms of service delivery for 2012/2013. The award is in the finance, trade and investment category of the 2012/2013 Service Delivery Awards for...

    • Posted December 1, 2013
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  • Konga makes history with Black Friday and Cyber Monday deals

    Since starting its Black Friday and Cyber Monday deals on the 29th of November, online retailer, Konga, says its website has recorded the highest number of online visitors. In a statement made available to Telegraph, the company...

    • Posted December 1, 2013
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  • LCCI rates Nigeria’s economy after two-year in service

    As the Lagos Chamber of Commerce in Industry expects a new leader, the outgoing president, Mr. Goddie Ibru has given an assessment of Nigeria’s economy over the two years he led chamber. He said, though there are...

    • Posted December 1, 2013
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  • Investors trade 559.50 million shares on Friday

    Transactions on the last trading day of the week at the Nigerian stock market ended with investors trading 559.50 million shares valued at N8.31 billion in 4,788 deals. This was in contrast to the 252.65 million shares...

    • Posted November 30, 2013
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  • Nigeria Breweries builds can line at Aba Plant

    Nigeria Breweries Plc is set to commission an ultra-modern can line at its Aba Brewery Plant. The can line is one of the projects being executed in the ongoing expansion of the plant, which is expected to scale up...

    • Posted November 30, 2013
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  • NCC assures that InfraCos will survive business challenges

    The Nigerian Communications Commission (NCC), on Thursday, assured members of the public that the seven Infrastructure Companies (InfraCos) to be given licenses would survive the nation’s business terrain. Eugene Juwah, the Executive Vice Chairman of NCC, gave the assurance in Lagos...

    • Posted November 30, 2013
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  • NAICOM set to register five micro-insurance firms

    At least five companies have indicated interest in operating micro-insurance business in the country. This is coming a week after the inauguration of the micro-insurance guidelines in Lagos. An investigation by our correspondent on Thursday showed that...

    • Posted November 30, 2013
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  • New car tariff: Reps divided, defer debate

    Members of the House of Representatives were divided on Thursday over a motion seeking to suspend the Federal Government’s new tariff regime on imported used and new vehicles. According to the government, the new regime is to...

    • Posted November 30, 2013
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  • Foreigners invest N864bn in Nigerian bonds

    About $5.4bn (N864bn) has so far been invested in the Nigerian bond market by foreign investors, the Director-General, Securities and Exchange Commission, Ms Arunma Oteh, has said. She said the huge foreign investments in the Nigerian bond...

    • Posted November 30, 2013
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  • Oil theft: British parliamentarians task Nigeria on surveillance

    Members of the British House of Commons have suggested the use of surveillance aircraft as a better means of tackling incessant cases of oil theft and bunkering in Nigeria. The members said this on Thursday in London...

    • Posted November 30, 2013
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  • Sanusi predicts 4% inflation rate in 2015

    The Governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, has said that the nation could achieve four per cent inflation rate in 2015. Sanusi made the projection at the Chartered Institute of Bankers of...

    • Posted November 29, 2013
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  • FG pledges transparency in marginal oil fields licensing

    The Federal Government on Thursday pledged to ensure transparency in the second oil marginal fields licensing for the upstream sector of the oil and gas industry. The Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, made the pledge...

    • Posted November 29, 2013
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  • Pension scam: Ex-manager of defunct Oceanic Bank siphoned N1.9bn – Witness

    An EFCC operative, Mustapha Sani, on Thursday told a Federal High Court in Abuja that Udusegbe Eric, an ex-manager of the defunct Oceanic Bank, used five “fictitious’’ companies to illegally siphon N1.9 billion from the Federal Pension...

    • Posted November 29, 2013
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