Business



Osibanjo tasks Africa, others, on global trade opportunities

Vice President Yemi Osinbajo has asked developing countries, especially those in Africa, to take advantage of the $50 trillion export opportunity available in global trade by fully implementing the Trade Facilitation Agreement of the World Trade Organisation.

Osinbajo gave the advice in [...]

Fri, 03 November 2017


NCC moves to stop menace of unregistered, pre-registered SIM cards

 

The Nigerian Communications Commission, NCC, said it is set to clampdown on owners and users of unregistered and pre-registered Subscriber Identification Module, SIM, cards in the country, saying the country cannot afford the risk such practices pose to its citizens.

Execu [...]

Fri, 03 November 2017


‎Our strategies will ease debt service risk – Adeosun

The federal government has expressed confidence that the various revenue and debt management strategy employed by the current administration would mitigate the country’s debt service risk and fast-track her development.

According to the Minister of Finance, Mrs. Kemi Adeosun, a ke [...]

Fri, 03 November 2017


AfDB denies calling off loan to Nigeria, considers $400m loan request

 

The African Development Bank, AfDB, has denied media reports alleging that the bank has called off a proposed $600m loan to Nigeria rather, it could consider Nigeria for an additional $400m loan if such a request was approved by its Board.

The Director, Communication and E [...]

Fri, 03 November 2017


9 firms battle to monitor Discos and Gencos

 

Atleast nine consulting firms are battling for the right to monitor the Nigerian power sector, with the aim of managing post-privatisation challenges in the sector.

The bid signals the recommencement of a process that was stalled two years after the procurement process for [...]

Fri, 03 November 2017


NNPC to establish biofuel plant in Ondo state

 

The Nigerian National Petroleum Corporation, NNPC, has signed a Memorandum of Understanding, MoU, with the Ondo State Government to establish a biofuel plant in Okeluse, Ondo State.

A statement by the corporations spokesperson, Mr. Ndu Ughamadu, said the plant, which is es [...]

Thu, 02 November 2017


NNPC commences oil exploration in the Benue trough

The Nigerian National Petroleum Corporation, NNPC, has officially commenced oil exploration in the Benue trough with the mobilization of its data services department to acquire seismic data.

Speaking during a visit to Governor Samuel Ortom un Makurdi, last week, Group Managing Director [...]

Thu, 02 November 2017


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