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January 2018

Business, Economy

NPA gives Intel’s two weeks to pay outstanding debt

January 31, 2018 6:43 pmFebruary 5, 20180 347

The Nigerian Ports Authority (NPA) has ordered Intels Nigeria Limited (Intels) to pay an outstanding $48 million debt into the …

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Business, Economy

Finance Ministry panel recommends dismissal of suspended SEC boss

January 31, 2018 6:34 pmFebruary 5, 20180 345

An administrative panel of inquiry set up last November to investigate allegations of financial impropriety and abuse of office against …

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Business, Economy

National carrier ready soon – Minister

January 31, 2018 6:18 pmFebruary 5, 20180 403

The Minister of State for Aviation, Hadi Sirika, has said that Nigeria would soon have a full private sector-driven national …

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Business, Economy

Total, NNPC ready to take FID on Ikike oil field

January 31, 2018 6:11 pmFebruary 5, 20180 391

The dearth of new investments in Nigeria’s upstream oil sub-sector may soon be a thing of the past, as Total …

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Business, Economy

FG recovers 500 ‘stranded containers’ belonging to TCN

January 31, 2018 6:02 pmFebruary 5, 20180 344

The Federal Government has recovered 500 “stranded’’ containers belonging to the Transmission Company of Nigeria (TCN). The Minster of Power, Works …

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Business, Economy

Security delays oil exploration in Chad basin – NNPC

January 31, 2018 5:29 pmFebruary 5, 20180 365

The Nigerian National Petroleum Corporation (NNPC) has blamed security challenges for the non-commencement of oil exploration in the Chad Basin. …

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Business, Economy

Illegal deductions: Senate summons CBN governor, banks MDs, Bankers C’ttee, others

January 31, 2018 5:20 pmFebruary 5, 20180 371

Worried by excess bank charges and illegal deductions by commercial banks in the country, the Senate, on Tuesday, summoned the …

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Business, Economy

Explorationists advocate change in regulations for oil, gas operations

January 31, 2018 4:59 pmFebruary 5, 20180 355

Explorationists, under the aegis of the Nigerian Association of Petroleum Explorationists (NAPE), have advocated a new paradigm in oil and …

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Business, Economy

Nigeria accounts for about 57℅ of world shea production – Minister

January 31, 2018 4:37 pmFebruary 5, 20180 1491

The Minister of State for Industry, Trade and Investment, Aisha Abubakar, has revealed that Nigeria accounts for about 57 percent …

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Business, Economy

Petroleum marketers to build $3bn refinery very soon

January 31, 2018 4:29 pmFebruary 5, 20180 368

The Independent Petroleum Marketers Association of Nigeria (IPMAN) is set to commence work on its proposed $3 billion (N1.08 trillion) …

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