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All posts tagged "featured"

  • Epic Petrochemicals to establish $10 billion refinery in Bayelsa

    Epic Petrochemicals, a Nigerian firm is set to establish a $10 billion 100,000 barrels per day refinery at Oporoma in Bayelsa State. The company is teaming up with Sino Asia Energy Company Limited as technical partners and HSBC Global...

    • Posted September 20, 2012
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  • FirstBank Launches Mobile Money Service (FirstMonie)

    Determined to ensure that the vast majority of the unbanked and the underbanked Nigerians enjoy superior financial services, Nigeria’s Number One bank brand*, First Bank of Nigeria Plc (FirstBank), today launched its mobile money service, FirstMonie,in a move...

    • Posted September 19, 2012
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  • First Bank commits N500bn to petroleum projects’ financing

    The Local Content Act of the Federal Government received yet another boost from the financial sector, as First Bank of Nigerian Plc said it has committed well over N500 billion to finance oil and gas projects in...

    • Posted September 19, 2012
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  • World’s leading oil conference reveals African future

    19th Africa Oil Week held from October 29th until November 2nd in Cape Town With over 900 delegates from 75 countries and 85 presentations from leading speakers – representing super-majors, independents, national oil companies, governments, licensing agencies...

    • Posted September 19, 2012
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  • Jonathan in Denial on January Fuel Subsidy Protests

    In a remarkable show of aloofness, President Jonathan has refused to accept the widely known fact that the January fuel subsidy protests were an independent and genuine reflection of the people’s anger towards his government for unilaterally...

    • Posted September 19, 2012
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  • N5000 Note is illegal – Lawmakers Tell Sanusi

    The members of the National Assembly, upon resumption yesterday, called the Central  Bank governor to order over plans to review the National currency without their input. Citing Section 4(1 and 2) of the 1999 Constitution and Section 8(2)...

    • Posted September 19, 2012
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  • Naira Gains as Central Bank Maintains Rates at Record High

    The naira strengthened after the central bank kept its benchmark interest rates at a record high to support the currency and control inflation. The currency of Africa’s biggest oil producer gained as much as 0.4 percent, before trading 0.1 percent...

    • Posted September 18, 2012
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  • Why Nigerian banks must rethink their business strategies?

    “The financial system is more than just institutions that facilitate payments and extend credit. It encompasses all functions that direct real resources to ultimate users… It is the central nervous system of a market economy.” — Sanusi...

    • Posted September 18, 2012
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  • Fidelity, Access, Citi, StanChart sign MoU with Shell on Local Content

    Three indigenous banks, Fidelity, Access and First Bank, as well as two foreign institutions, Citi Bank and Standard Chartered at the weekend gave a boost to the Nigerian Local Content initiative of the Federal Government of Nigeria....

    • Posted September 18, 2012
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  • NLNG Train 7 to attract N1.89tn FDI

    Nigeria will attract fresh Foreign Direct Investment worth $12bn (N1.89tn) within the next four years through the proposed Train 7 of the Nigeria Liquefied Natural Gas project. The project is also expected to generate additional $3bn revenue...

    • Posted September 18, 2012
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