Category: Business

Presidency dismisses allegation of vote-buying in Bayelsa ahead of governorship election

The Presidency has dismissed speculation that the recent distribution of N10, 000 each to traders in the various open markets in Bayelsa State, was intended to...

Sudan needs billions of dollars in foreign aid to rebuild economy

Sudan’s new Prime Minister, Abdalla Hamdok, says his country needs $8 billion in foreign aid over the next two years to cover its import bill, and an additional $2...

British Airways makes U-turn, as cancelled flights are reinstated

British Airways has admitted it made a mistake when it suggested that passengers whose flights were cancelled to book new ones. The advice came after Pilots of the...

British Airways could cancel flights for five days

Pilots of British Airways, under the umbrella body: British Airline Pilots Association (Balpa), have announce planned industrial action for three days next month. The...

Nigerian To Head US Firm

The country general manager of IBM West Africa, Dipo Faulkner, has been elected to head the American Business Council (ABC) and be the chairman of the board in Nigeria....

$50 million yacht linked to Diezani’s ally sold

Galactica Star, a super yacht having a place with oil tycoon, Kola Aluko, fingered in multi-billion dollar oil import and unrefined fare arrangements has been sold. The...

Police arrest two brothers for allegedly defrauding rice seller

As if trending news about Nigerians being arrested for fraudulent activities was not bad enough, two brother could care less about how the criminal act further dents...

Nigeria’s electricity tariff has not been increased yet

The Nigerian Electricity Regulatory Commission (NERC), has confirmed that no increment in electricity tariff has been approved by the commission yet. In a statement...

Federal Government to enrol Newspaper vendors into N-Power Programme

The Federal Government has promised to enroll members of the Newspaper Vendors Association of Nigeria into the N-Power programme, to enable them acquire some skills....

Nigeria Customs denies closure of Seme border, explains increased security presence

The Nigeria Customs Service (NCS) has denied closure of the Seme-Krake border with the Republic of Benin, explaining that the heavy security presence in the area was to...

Market indices at Nigeria Stock Exchange rises by 0.62%

Trading on the Nigerian Stock Exchange (NSE), for the third consecutive days, maintained a bullish trend as market indices rose by a further 0.62% to close the week...

Emile Heskey wants to invest in Zimbabwe’s energy sector?

Former England striker, Emile Heskey, appears to pursue an investment in Zimbabwe’s energy sector. Heskey, who is a senior vice-president of Genoil, a Canadian company...

Trump vows to retaliate as China deepens trade war

President Trump has promised to hit back at China, after the asian country announced plans to impose a 10% tariff on $75bn worth of goods imported from the US. The new...

Federal Government share N769.52 billion with State and Local Governments for July

The Federal Government, States and Local Government Areas (LGAs) shared N769.52 billion as federal allocation for the month of July. The Funds Director at the Office of...

Ngige threatens to sanction banks that sack workers indiscriminately

The Minister of Labour and Employment, Sen. Chris Ngige, has threatened to sanction banks, who sack workers indiscriminately, saying they ought to declare redundancy...

Federal Government to recover N614bn from 35 State Governments

The Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed has revealed moves by the Federal Government to recover N614 billion loan facility from 35...

NSE market capitalisation increases further by N135bn

Trading on the Nigerian Stock Exchange (NSE) sustained positive trend by 1.01 per cent yesterday as investors continued to react to the swearing in of new ministers. The...

Niger Delta community demands payment of outstanding N6.9bn from Shell

The indigenes of Opolo community of Bayelsa are demanding the payment of outstanding N6.9bn from Shell Petroleum Development Company (SPDC) being amount of unpaid...

Nigeria owes NNPC N797 billion —NEITI

 A report by the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that the (Nigerian National Petroleum Corporation) NNPC, is claiming that...

Chinese investments in Nigerian oil hit $16b

Chinese investments in the oil and gas industry of Nigeria have reached US$16 billion, according to a senior NNPC official, but the industry needs even more to advance...