Browsing Category
Business
Twitter ban may run us bankrupt — Entrepreneurs
Entrepreneurs across the country have decried the Federal Government’s suspension of the microblogging site, Twitter, in Nigeria, saying that their businesses are already on the line and they may go bankrupt soon.…
Banks Suspend Twitter Support For Products
Following Federal Government’s suspension of Twitter operation in Nigeria, some banks have followed suit by suspending the micro blogging platform’s support for their online…
Usual suspects and unknowns among winners of NNPC swap deals
The Nigerian state-owned company has published the list of firms who will get crude oil in exchange for petroleum products. As usual, established companies rub…
Finally, Dangote Fertiliser commences production of Urea
… Hits Market Monday To the admiration of key financial sector operators present, the Dangote Fertilizer Limited announced yesterday the formal commencement of production of Urea in…
World Environment Day – FCMB Restates Commitment to Environmental Sustainability; Expands…
First City Monument Bank (FCMB), has re-assured that it will continue to champion, execute and support initiatives that would enhance the ecosystem, as well as tackle some of the adverse effects of climate change and…
Local, foreign banks invested $10b in Dangote Refinery – Emefiele
Nigerian banks and their foreign counterparts invested between $9 billion and $10 billion in the Dangote Refinery, Fertilizer Plant and Petrochemical…
Mobile Networks, Not Banks Are Responsible for N6.98 Compulsory Payment For USSD Services
More light has been shed on the new payment suddenly enforced on the usage of USSD services by Nigerian banks customers. Several users were shocked some days ago when they received…
Why NNPC is considering equity in Dangote refinery, others
The Nigerian National Petroleum Corporation (NNPC) is considering equity participation in some private refineries in line with a Federal Government’s policy directive which…
FG hopeful of N3tr from marginal oil fields development
• Cost of production, investment, hurdles cast shadow to 40b reserves• Stakeholders pick holes, say $500m signature bonuses an…
Dangote partners German govt on youth training to address skills deficit
…Sanwo Olu woos ADF, VDMA to set up same in Lagos The Aliko Dangote Foundation in partnership with Germany's VDMA (the German Association for Mechanical and Plant Engineering) and its Foundation for Young Talent in Mechanical…
Lagos set to build biggest tech hub in Yaba
Lagos State Government is set to embark on the construction of the biggest technology cluster in West Africa to expand the tech space to…
Oil Price Hits 30-month High on OPEC’s Demand Rally Forecast
Crude oil prices yesterday climbed to the highest point in more than two-and-a-half years, after the Organisation of Petroleum Exporting Countries (OPEC) and its allies known as OPEC+ forecast a…
ExxonMobil pulls out of Ghana, abandons oil fields
US oil and gas company, ExxonMobil has pulled out of Ghana, abandoning its exploration activities in the Deepwater Cape Three Point Block in the Western Region. The company in a letter to the Minister of Energy, Matthew…
NNPC plans to acquire stakes in six private refineries
The Nigerian National Petroleum Corporation on Monday said it is currently considering equity participation in some private refineries across the country. It said this was in line with a Federal Government’s policy…
663.6kWp Solar Power Plant: Ministry of Environment Commends Nigerian Breweries Plc
The Federal Government through the Ministry of Environment has commended Nigerian Breweries Plc following the successful launch of a world class…
BACKWARD Integration policy in Sugar sector to fetch Nigeria $700million annually – Dangote
…..Dangote Sugar records production increase in 2020 Dangote Sugar Refinery Plc has urged government to faithfully follow through the Backward…
Forensic Audit: MTN, Airtel top complaint list for data depletion
MTN and Airtel topped the list of mobile network operators (MNOs) with the highest number of subscriber complaints over suspicious data depletion incidences, preliminary report of the forensic audit…
Dangote Cement increases capacity, promises more supply
The Dangote Cement Plc has announced that it has deeply invested in enlightening consumers on the different applications and the best optimal use of the product in furtherance to the measures put in place for more supply of…
Stock market rebounds N111bn — after nine-day losing streak
Activities on the Nigerian Exchange Limited (NGX), the nation’s equities market, rebounded on Friday — first time after nine days of persistent downward trend. The market capitalisation lost a total of…
Naira devaluation: BDCs get dollars at N393, sells for N494
Bureau De Change operators got the United States dollar from the Central Bank of Nigeria at N393 but sold it for N494 on Friday, an investigation by our correspondent has revealed. Sources from some commercial banks told…
Outgrower Programmes and Fortunes of Smallholder Farmers in Nigeria – The Role of Financial…
In February 2017, famine was declared in South Sudan and Nigeria was mentioned alongside Ethiopia, Kenya, Somalia,and Yemen as also …
Nigeria officially moves towards overdue single exchange rate
The Central Bank of Nigeria (CBN) took a major step towards full exchange rate unification Tuesday after uploading the more market-reflective NAFEX rate of N410.25 per US dollar on its website. A…
NNPC signs OML 118 agreement to unlock $10 billion investment with contractor parties
The Nigerian National Petroleum Corporation (NNPC) has signed the execution of Oil Mining Lease (OML) 118 (Bonga) with contractor parties. The parties include: Shell Nigeria, Exxon Mobil, Total Nigeria, among others. By these…
Nigerian fintech company, Mono, raises $2m
A Nigerian fintech startup, Mono, has raised $2m in seed investment. This was announced by Techcrunch on Monday. This investment comes nine months after the company raised $500,000 in pre-seed, and two months after…