Nipco gets approval from SEC, NSE to rename Mobil Oil 11Plc
Nipco, an indigenous Nigerian downstream oil and gas company has given indication that it will change the name of MON to 11Plc while retaining the Mobil brand. This stemmed from the completion of the acquisition of ExxonMobil’s 60 per cent…
Name search at CAC still takes more days after unveiling of 24-hour registration process
Contrary to claims by the Registrar-General of Corporate Affairs Commission (CAC), Mr Mahmud Bello, that the commission has started operating 24 hours company registration process to make startup of business easier in Nigeria, findings at the Abuja head office by…
Again, FG, Rice farmers assure bag of rice’ll sell at N10, 000 come June 2017
Barely less than one month after the Minister of Agriculture and Rural Development, Chief Audu Ogbeh has disclosed while in a Town Hall meeting in Umuahia, the Abia State capital that Nigeria will before the end of the year become…
Joint venture of FMBN, REDAN, Shelter Afrique targets supply of 10,000 houses yearly
The Federal Mortgage bank of Nigeria (FMBN) has sealed a deal with the Real Estate Developers Association of Nigeria (REDAN) and pan-African finance institution Shelter Afrique to establish a $2bn affordable housing facility. The fund which will come in tranches…
How NIMASA’s inactivity in facilitating indigenous ship ownership killed sector in 10 years
An expose of what the federal government had in mind before setting up the Nigerian Maritime Administration and Safety Agency (NIMASA) several years ago has been revealed. Explaining more at the Day two of the ongoing three-day training programme for…
Airline operators reject planned automation of revenue remittance by NCAA
Considering what they refer to as official ambiguity, the Airline Operators of Nigeria (AON) has called for the suspension of automation of revenue remittance by airlines to the Nigerian Civil Aviation Authority (NCAA). According to them, they need full explanation…
Turkish Airlines nearing record 300 destinations, adds Voronezh, Russian to hit 298th route
Turkish Airlines has increased its destinations to 298 in 120 countries across the globe, making it getting close to 300 mark. The airline, which is the Europe best airline that flies to the more countries and international destinations than any…
CBN set to inject additional $240 million forex to BDCs, others this week
The Central Bank of Nigeria (CBN) will from today, Tuesday, continue its ongoing foreign exchange market intervention. The bank is expected to disburse $240 million to commercial banks and operators of Bureau D Change (BDC). Details of the disbursement show…
NNPC’s intervention yields results as PTD calls off strike, gets N7.20 BCA
Following the intervention of the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, an understanding to raise the Bridging Cost Allowance (BCA) of Petroleum Tanker Drivers (PTD) from N6.20 to N7.20 has encouraged the striking…
