Italy’s shutting of its ports to humanitarian rescue ships will trap more migrants in Libyan detention centres and in the hands of smugglers, where they face beatings and abuse, aid group Doctors without Borders (MSF) said. Cristophe Biteau, an Doctors without Borders (MSF) mission leader in Libya, said everyone intercepted by the Libyan coastguard – […]
An oil refinery being built by Aliko Dangote will account for half of his conglomerate’s assets when it is finished next year, a senior executive told Reuters, underscoring the scale of the bet being made by Africa’s richest man on Nigerian oil and gas. Dangote has built his fortune on cement, although his sprawling business […]
The Nigerian Communications Commission (NCC) says active mobile telephone lines in Nigeria have increased to 162 million. This figure is close to the nation’s population figure which is now put at 195 million. It said in its monthly Subscribers Operator Data posted on its website on Friday that the mobile lines figure was as at […]
Hajiya Aisha Abubakar, the Minister of State for Industry, Trade and Investment, said that the Federal Gozzzvernment was implementing financial education strategy to help the Micro Small and Medium Enterprises (MSMEs) manage their business finances. Abubakar said this in Abuja on Thursday at the Fate Foundation, a Non-Governmental Organisation (NGO’s) forth policy dialogue series on […]
Royal Dutch Shell’s boss said it would be “foolhardy” for the oil and gas producer to set hard targets to reduce carbon emissions as it risked exposing the energy giant to legal challenges. The energy industry has struggled in recent years to find a clear path to secure its role as the world shifts from […]
Cement Company of Northern Nigeria (CCNN) has dominated other companies to emerge as best performing stock in percentage terms on the Nigerian Stock Exchange (NSE) for the half year ended June 30, 2018, according to data from the exchange. The data showed that CCNN’s stock during the period increased by 152.63 per cent to close […]
President Buhari signs the executive order on preservation of assets seized in connection with corruption. President Muhammadu Buhari Thursday in Abuja declared national emergency on corruption, warning that institutions, agencies and individuals must own the fight to reverse the negative culture of pilfering public funds, or risk plunging the country into turmoil. “Like I have […]
Nigeria will offer a 12.7 billion naira ($41.6 million) mining contract to eight companies in exploration and consultancy, its junior mining minister said on Wednesday, adding both foreign and local firms were encouraged to participate. Nigeria’s economy, one of Africa’s largest, has been built largely on its rich crude oil reserves, leaving other sectors to […]
The Secretary General, Organisation of Petroleum Exporting Countries (OPEC), Dr. Mohammed Barkindo, says Nigeria has assumed a strong, proactive role in the oil industry globally. Barkindo said this while delivering a keynote address at the 17th edition of the annual Nigeria Oil and Gas Strategic Conference and International Exhibition in Abuja on Tuesday. “We can […]
Nigeria’s central bank is wooing local businesses importing goods from China to use the yuan instead of the U.S. dollar in its effort to support its naira currency and boost reserves. Central bank officials on Wednesday held a town hall meeting with businesses in Lagos to introduce the yuan for imports from China ahead of […]