Rising oil price to $55 on hurricanes impacts may be blessing for Nigeria
Weekend, global oil-markets saw Brent crude supported by Saudi Arabia hoping to cut October supplies, while United States crude was curbed by refinery-outages due to Hurricane-Harvey damages, which dented demand. However, just as real focus was shifting to three other…
Buhari’ll watch World Cup in Daura on DSO powered STB next year—NBC DG
The Director General of National Broadcasting Commission (NBC), Mallam Is’haq Modibbo Kawu, has assured that President Muhammadu Buhari who watched Nigeria Vs. Cameroon World Cup qualifier on a foreign Pay TV in his home town, Daura, katsina State, will be…
Card payment fastest growing transaction system since 2010—CBN
The Director, Banking and Payments System Department of the Central Bank of Nigeria (CBN), Mr. Dipo Fatokun has opened up, revealing that transactions and payments conducted on cards have become the fastest growing payments instrument since 2010. Speaking at forum…
MTN Ghana injects $144.5m to expand network, operations
Ghanaian arm of the leading continental telecoms conglomerate, MTN Ghana, has hinted that it is investing a total of US$144.5 million to expand its operations in the country, to improve the quality of its services. This was made public by…
Aulic, Lagos Trade Fair concessionaire faults VP, NCP over ‘announced’ revocation
Twist has emerged on the purported announcement of the revocation of the 2007 Lagos Trade Fair concession as the concessionaire, Aulic Nigeria Limited (ANL), has distanced itself from the news report, saying such a miscarriage of judicial process cannot stand….
More excitements as Nigeria narrowly gets off the hook of recession, but…
It was joyous moment amongst federal lawmakers and other financial experts as the nation’s economy was declared out of recession on Tuesday by the data rolled out by the National Bureau of Statistics (NBS). With the report, Gross Domestic Product…
Only Dangote, Ibeno refineries making progress out of 50 licencees—DPR
Contrary to news making the rounds that Nigeria may soon become net exporter of refined petroleum products due to growing number of private refineries springing up here and there, only two out of 50 licencess can be said to be…
Over half of nation’s daily oil production lost to militancy—Minister
Contrary to speculations that attacks on oil installations have waned, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has traced loss of more than 54 per cent of crude oil to attacks and pipeline vandalism in oil communities….
3 Nigerian SMEs seek vote to win Shell Global innovation prize
Three Nigerian Small and Medium Enterprises (SMEs) including Nigeria De-rahbs Energy Services, Nigeria Emobella Engineering Nigeria Ltd and Nigeria Fendwall Paint and Chemical Products have been shortlisted for the Shell LiveWIRE ‘Top Ten Innovators’ contest. The global competition, which highlights…
States’ One-Stop-Shop for MSMEs to stimulate economy—FG
The federal Government has explained the rationale behind the move to launch One-Stop-Shop for MSMEs across the state beginning with seven states, saying the idea is to deepen the growth of the sub sector which is key to economy stability….
