Category: Business

Abuja Airport’s New Terminal to Begins Operation October

Nigerian government has said the new terminal at the Nnamdi Azikiwe International Airport in Abuja would start operation in October this year. The Managing Director of...

FAAC Meeting Postponed Again

The monthly Federation Account Allocation Committee (FAAC) was postponed for the third since June 27, 2018 and the fifth since the beginning of the year, over...

OPEC Output May Be Stretched Due to Supply Crises

OPEC’s Gulf members may need to pump almost as much crude as they can to cover swelling supply losses from Venezuela to Iran and beyond, the International Energy...

Sterling Bank Elevates 2 Executive Directors

 The management and Board of Director of the Sterling Bank Plc has announced the appointment of Folasade Kilaso and Michael Onochie Ajukwu as Non-Executive Director and...

Seplat Petroleum Set to Hike  Production to 12000 Barrels Daily  

An indegenious oil exploration firm, Seplat Petroleum Development Company (SPDC) has planned to step up production from its current level of 3000 to 12000 barrels per...

Firm Exonerates Self of Alleged Insider Trade

Multiverse Resources Plc, a financial market firm, has claimed ignorance of an insider dealing involving one of its significant shareholders known as Heritage Capital...

AfDB Endorses SMEs Access to Funds

The African Development Bank (AfDB) has approved an additional $10 million equity investment in the African Guarantee Fund for SMEs. This support will enable the fund to...

NNPC, NLNG, Shell, Sign MOU to Increase Gas Production to 30m MT

The Nigerian Liquefied Natural Gas company (NLNG), the Nigerian National Petroleum Corporation (NNPC), Shell, Total and AGIP have signed a contract meant to increase...

Niger Lawmakers Rejects Gov Bello’s Request to Take N21.5bn Sukuk bond 

The Niger State House of Assembly on Tuesday rejected the request by the State Governor, Abubakar Sani Bello, to take N21.5 billion Sukuk bond. The assembly, which cited...

CBN Boosts Forex Market with $210m

Nigeria’s apex bank, the Central Bank of Nigeria (CBN) in a bid to stabilise foreign exchange with the local currency on Wednesday, released $210million into the...