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Shell grows Bonga oil product

Crude oil production from the deepwater asset of the Shell Nigeria Exploration and Production Company (SNEPCo), Bonga field, has reached over 800 million barrel

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Posted On: 18 Dec 2018

Nigeria makes early gains at I

Nigeria has emerged one of the early gainers of the maiden Intra-African Trade Fair (IATF), in Cairo, Egypt, as it had sealed a $2.24 billion deal for regional

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Posted On: 17 Dec 2018

10 most lucrative businesses i

Starting a business in Nigeria may be a bit difficult, especially if you are a bit confused about what business to venture into.   Here is a list of top

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Posted On: 17 Dec 2018

Boeing opens first 737 plant i

Boeing Co (BA.N) opened its first 737 completion plant in China on Saturday, a strategic investment aimed at building a sales lead over arch-rival Airbus (AIR.P

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Posted On: 15 Dec 2018

African airlines to register n

African carriers are expected to report a net loss of $300 million in 2019, the International Air Transport Association (IATA) has said.    This is,

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Posted On: 13 Dec 2018

FIRS generates N5tr, targets N

Excutive Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowaler, has disclosed that the service generated N5 trillion by the second week of De

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Posted On: 13 Dec 2018

Non oil sector boosts output a

The National Bureau of Statistics on Monday released the country’s Gross Domestic Product report for the third quarter of the year with the economy record

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Posted On: 11 Dec 2018

Diamond bank partners Faceboo

Diamond bank Plc in collaboration with Facebook and Affrinolly is set to project Nigeria’s young entrepreneurs to the digital world.   Addressing j

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Posted On: 10 Dec 2018

Oil Soars After OPEC And Partn

Oil prices shot up on Friday after the stubborn holdout Iran agreed to have OPEC reduce oil production by a total of 800,000 bpd, while non-OPEC nations, led by

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Posted On: 08 Dec 2018

Despite tariff, China posts

China’s trade surplus with the United States ballooned to a record $35.6 billion in November, official data showed Saturday.   In contrast, China i

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Posted On: 08 Dec 2018

OPEC waiting for Russia before

OPEC has made a planned cut in oil output effectively conditional on the contribution from non-OPEC producer Russia, delegates said on Thursday as the group gat

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Posted On: 06 Dec 2018

Forget oil marketers’ threat

The Nigerian National Petroleum Corporation on Monday said that Nigeria will not encounter a scarcity of Premium Motor Spirit, popularly known as petrol, this s

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Posted On: 04 Dec 2018

AfDB okays fresh $200m loan f

The Federal Government has secured a loan of $200 million to fund its electrification project.   The African Development Bank (AfDB) Group yesterday said

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Posted On: 04 Dec 2018

Nigerian Stock Market lost N58

The nation’s stock market weakened as it recorded a N581bn loss in November.   The market capitalisation of equities listed on the Nigerian Stock E

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Posted On: 03 Dec 2018

We’ll miss 2019 target for r

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said the plan to get the nation’s ailing refineries to work at almost full capacity wi

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Posted On: 27 Nov 2018

Moremi Elekwachi to Nigerian y

CEO of Euphorique PR, Moremi Elekwachi, 31, speaks with Tofarati Ige on her business and other issues   What is your educational history?   I atte

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Posted On: 25 Nov 2018

Oil Limps to Worst Week in Alm

Oil notched its biggest weekly loss since the depths of the last price crash, as record Saudi output, pressure from U.S. President Donald Trump and a global sto

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Posted On: 24 Nov 2018

Weak Regulations Aid Repatriat

Weak regulations, which do not compel foreign airlines to partner local airlines, have encouraged the international airlines operating in Nigeria to repatriate

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Posted On: 19 Nov 2018

Falana Faults US, UK’s Posit

A Senior Advocate of Nigeria (SAN) and President, People’s Alternative Front, Mr. Femi Falana has faulted the position of the United Kingdom and United St

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Posted On: 19 Nov 2018

Reps raise alarm over $300m sh

The House of Representatives on Thursday raised alarm over how indigenous shipping companies are shortchanging the Federal government of revenue to the tune of

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Posted On: 16 Nov 2018

Upset With Tim Cook , Zuckerbe

Apple CEO Tim Cook would probably be more cautious when he says anything against Facebook. Following the CEO's remark on Facebook and its handling of user priva

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Posted On: 15 Nov 2018

Nigeria Seen as Biggest Rice B

Nigeria’s rice imports will jump 13 percent next year to 3.4 million metric tons, making Africa’s most populous country the world’s biggest ri

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Posted On: 15 Nov 2018

FG, foreign agencies to sign $

The Federal Government and multilateral donor agencies are set to sign off three key transmission projects worth $956m in November.   It was gathered in

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Posted On: 13 Nov 2018

Oil prices rise after Saudi

Oil prices rose by about one per cent on Monday after top exporter, Saudi Arabia, announced a cut in supply for December.   International benchmark Brent

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Posted On: 12 Nov 2018

USA now world’s biggest cru

The United States is now the world’s biggest crude oil producer, pushing Russia and Saudi Arabia to the back seat.   In the week ending November, t

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Posted On: 09 Nov 2018

Oil rises as China reports rec

Oil prices rose on Thursday after record Chinese crude imports eased concerns that a slowdown in the world’s No.2 economy could stoke an emerging fuel glu

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Posted On: 08 Nov 2018