The Group Managing Director of Nigeria National Petroleum Corporation, Dr Maikanti Baru, says only refiners, big traders and companies with substantial investment in the oil and gas sector, will scale through the bid for the 2016 to 2017 term contracts for Nigeria crude oil sale. A total of 224 companies are bidding for the 12 […]
The Naira on Wednesday appreciated against the dollar at the inter-bank market, the News Agency of Nigeria (NAN) reports. The Nigerian currency gained 50k to close at N304.50 compared to N305 it traded on Tuesday. At the Bureau De Change (BDC) window, the Naira was sold at N400 CBN controlled rate, while the Pound Sterling […]
The Minister of Finance, Mrs. Kemi Adeosun on Tuesday emphasised the important critical infrastructure projects, especially in the areas of Rail and Power to the country’s economic development. She spoke during the visit of the Chinese Ambassador to Nigeria, Mr. Zhou Pingjian, to her office in Abuja. Adeosun described the commitment of the current administration […]
By Mayowa Okekale, Abuja The Senate has expressed surprise at a recommendation by the Nigerian Law Reform Commission for a review of the Nigerian Foreign Exchange Act in order to empower the Central Bank of Nigeria (CBN) to jail people for up to two years or fine them for 20 percent of the amount of […]
The Benue state government says it is contributing 1.5 million metric tons of rice, to reduce the national rice consumption deficit of 4.3 million metric tons. This is an indication that the partnership with the International Fund for Agriculture Development is yielding great value. Governor Samuel Ortom disclosed this to journalists in Guma local council, […]
MultiChoice has been awarded the ‘Most Improved Company’ at the just concluded Sustainability, Enterprise and Responsibility Awards (SERAs) for Corporate Social Responsibility (CSR) in Lagos. This is in recognition of the company’s unwavering support and commitment to the growth of entrepreneurial enterprise, experiential quality education, entrenching quality standards in the film and media industries as […]
African business leader and philanthropist, Mr. Tony O. Elumelu, stated that the time for leadership amongst Nigerian and African youth is now. Elumelu, who addressed the students of the Lagos State University, faculty members and officials of the Lagos State Government, whilst delivering the institution’s 1st Distinguished Lecture Series in Ojo, Lagos, spoke on the […]
The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Thursday said it would ensure steady supply of petroleum products to Nigerians during the yuletide. Its National President, Mr Chinedu Okoronkwo, gave the assurance while speaking with newsmen on the sideline of the executive meeting of the association in Aba. “We have chosen the path of […]
The Nigeria Customs Service (NCS) has warned members of the public against falling to the antics of fraudsters who post fake auction advertisements purportedly by the service in the social media. Mr Godwin Andishu, Public Relations Officer, Tin Can Island Port 2 Customs Command, Ijora, gave the warning in an interview with the News Agency […]
Samsung Electronics has agreed to buy auto tech company, Harman International Industries in an $8 billion deal, marking a major push into the auto electronics market and the biggest overseas acquisition ever by a South Korean company. The transaction according to a Reuters report highlights Samsung’s efforts to break into the high-barrier automotive industry where […]