Business

Nigeria LNG Limited (NLNG), on Saturday, commissioned the Bonny Consulate Building, a 19th-century historic landmark in Bonny Kingdom that was reconstructed as part of plans to boost tourism in the kingdom. The consulate…

Seplat Energy says it has not cancelled its Exxonmobil deal. The company made the clarification in a press release on Monday. “Seplat Energy wishes to clarify that the Sale and Purchase Agreement (SPA), earlier…

Russia has warned Western governments contemplating a boycott of its oil, that prices may more than double to $300 a barrel. In addition, it said the boycott may prompt the closure of the main gas pipeline to Germany.…

The Nigeria Customs Service has announced the suspension of the implementation of the Vehicle Identification Number (VIN) valuation policy. This is contained in a circular dated March 7th, 2022, and titled, ‘Approval Of…

Nigerians who resort to loans from online lenders following stringent conditions of banks are being subjected to psychological trauma by the lenders, VICTOR AYENI writes Dele Awosanya (not his real name), an…

Global stock markets fell on Monday as technology stocks tumbled, reeling from Russia’s blockage of access to social media platforms and news sites in the country. Amid its war with Ukraine, Russia completely…

MTN Nigeria Plc, says the employee whom was accused of harassment has been disengaged from the company. MTN said it acted on allegations made…

For exiting the Russian market over Ukraine’s invasion, Apple may lose about $3 million daily or a total of $1.4 billion by the end of the year. The loss is…

Google says it will charge 7.5 percent as value-added tax (VAT) from all taxable services provided to Nigerian customers beginning from April 1, 2022. The company made this known in a statement over the weekend.…

The Nigerian National Petroleum Company Limited (NNPCL), formerly Nigerian National Corporation (NNPC), has expressed interest to participate in…

KPMG, one of the world’s Big Four accounting companies, has announced that it would no longer have a member business in Russia as a result of the country’s invasion of Ukraine. The auditing and consulting company…

Stakeholders in the agricultural sector, especially farmers, have expressed fears over imminent food crisis owing to the continued rise…

Guaranty Trust Holding Company Plc (“GTCO Plc” or “the Group”) has released its Audited Consolidated and Separate Financial…

Netflix Inc has suspended its service in Russia, joining the train of western companies that have hit the exit door, since a raft of sanctions were slammed on the country by western powers. Earlier this week, Netflix…

Energy and infrastructure conglomerate, Sahara Group, has announced several directorate appointments to support the continuing strategic expansion of its businesses across Africa, Asia, Europe, and the Middle East.…

Oil prices soared to $139 and shares sank in frantic trading on Monday amid talks of a U.S. and European ban on Russian product Further fuelling the rise is the delay in Iranian talks. The euro extended its slide, hitting parity against…

For the full year ended December 31, 2021, the Management of Dangote Sugar has revealed that the group’s production volume…

The African National Congress (ANC) says the removal of Russia Today (RT) from the list of Multichoice channels available for viewership is an…

The Cinema Exhibitors Association of Nigeria (CEAN) has said they realised N4.8 billion revenue through ticket sales in 2021. CEAN Chairperson, Patrick Lee, disclosed this in an interview with newsmen on Saturday in…

Shell Oil, Europe’s largest oil company, has said it will donate the profits from a recent purchase of Russian crude oil to a fund designed to help Ukrainian refugees. The decision was taken following criticism from…

Several Russian banks said on Sunday they would soon start issuing cards using the Chinese UnionPay card operator’s system. The new issues will be coupled with Russia’s own Mir network. The move comes after Visa and…

As many countries shift away from buying Russian oil, new export opportunities have opened up for Nigerian crude which is regarded as one of the best in the…

In Kano State, wheat harvesting period has been targeted towards the middle of March 2022, but recent investigations revealed that the price of wheat in the market has been going up by the day and the grain is also…

The Nigerian National Petroleum Company Ltd has opted to exercise its right of first refusal as contained in the Joint Operating Agreement (JOA)…