International Oil and Gas

Bank atm-001

GTBank unveils new service, to partner with supermarkets, schools, others

Guaranty Trust Bank, GTBank, has unfolded a new agent banking service, GTExpress, as part of…

Power transmitter

Transmission Company plans to boost operations with N1.3 trillion

The money is aimed at is aimed at achieving over 20,000 megawatts, MW, of electricity…


Civic group tasks Nigeria Central Bank on policy incentives

“Very good macroeconomic indicators fundamental for economic growth and wealth creation do not put food…

arik air

Ebola Virus: Arik suspends flights to Liberia, Sierra Leone

Over 670 people have been killed by the virus in West African countries. Arik Air on Sunday said it would suspend flight operations to Monrovia in Liberia and Freetown in Sierra-Leone on Monday following the first Ebola virus death officially confirmed in Lagos. This is disclosed in a statement issued…


Asaba power sub-station to be inaugurated Aug. 28

The launching was earlier billed for Monday. (more…)


Aviation workers issue fresh ultimatum to Nigerian Government

Air transport workers say the ultimatum was given, following the expiration of a previous one. (more…)


Nigeria loses over N200 billion annually to difficult business environment, says financial analyst

The losses are mainly associated with bottlenecks faced by entrepreneurs in starting businesses. (more…)


Nigerian Government sets aside N220 billion for SMEs

States can access up to about N2billion from the fund. (more…)

Firms, individuals owe Lagos Government N18 billion in taxes

State IGR grew from N18 billion in 1999 to N237 billion in 2013. (more…)


Explore Nigeria’s opportunities as Africa’s biggest economy, Sambo tells Islamic Bank

The Vice President decries the high interest rates charged by local banks. (more…)


Benin Republic Arrest Nigerian Oil-bunkering Vessel, 4 Suspects

It was not immediately clear where the ship and its crew were heading when the incident occurred. Four persons, in an oil bunkering ship, were Tuesday arrested by Benin Republic authorities after a failed attempt to illegally export about 35,000 metric tons of crude oil believed smuggled from Nigeria. Luck…


POS transactions grow to N24billion monthly, says CBN

Mobile money transaction value also grew to N819 million. (more…)


30 vehicle manufacturing plants set to open in Nigeria, says auto council

The country had 14 existing plants at different locations in the country. (more…)

Cement bags

Nigerian considers new consumer protection policy against unfair business practices

The implementation of the policy would provide a level playing ground for businesses. The Federal government is considering a new Competition and Consumer Protection policy to help tackle unfair business practices and provide a fair and competitive environment for industry, trade and investment in the country. The Minister of Industry,…


Renewable energy: EU supports Nigeria with N3.4 billion

EU is committed to getting electricity to a greater number of Nigerians. The European Union, EU, on Thursday said it had given more than N3.4 billion grant to boost renewable energy in Nigeria under the Nigeria Energy Support Programme, NESP. The Acting Head of EU Delegation to Nigeria and the…

Godwin Emefiele, CBN governor

Single currency for West Africa postponed to 2020

Emefiele was unanimously elected WAMZ Chairman of Committee of Governors. (more…)


Cashless policy: Bank customers task CBN on internet fraud

CBN introduced the cashless policy to reduce the amount of physical cash circulated in the economy. (more…)


Nigeria’s GDP grows by 6.21 per cent – NBS

The performance was 4.55 per cent higher than the figure recorded in the corresponding quarter of 2013. The National Bureau of Statistics, NBS, on Tuesday reported a growth rate of real gross domestic product, GDP, of 6.21 per cent in the first quarter of 2014. The bureau, in its 2014…

petrol station fuel

Nigeria’s 36 states insist on removal of fuel subsidy

Federal, states, local governments share N756 billion for June. The 36 states of the federation on Tuesday declared that there was no going back on their demand for the Federal Government to put a stop to the removal of subsidy on petroleum products in the country. The Chairman, Finance Commissioners…