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Business

Government favours local firms in oil contract deals

23 April 2014, 18:21

The federal government has awarded most of its long-term oil contracts worth an estimated $40 billion to Nigerian oil companies.

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Government, states, private sector meet on job creation

23 April 2014, 17:20

The federal and the 36 state governments as well as the organised private sector will meet to fashion out effective strategies for fostering job creation in the country.

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15 telecoms firms on the brink of collapse

23 April 2014, 16:12

15 licenced telecoms companies are in the process of closing down due to heavy losses and their inability to access sufficient funds.

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New agro exhibition set for Lagos

23 April 2014, 15:09

A new exhibition that will bring Nigerian policymakers, farming and food businesses together with the best of the international agribusiness technology and investment community has been announced.

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Uganda, Nigeria to trade in dairy products, fish

23 April 2014, 14:00

Plans are under way between Nigeria and Uganda to trade in dairy products and fish.

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All-Share Index rises by 0.24 per cent at NSE

23 April 2014, 15:00

Transactions on the Nigerian Stock Exchange ended on a positive trend as the All-Share Index rose by 0.24 percent.

Okonjo-Iweala summoned to Confab

23 April 2014, 13:56

Minister of Finance and the Acting Governor of Central Bank of Nigeria have been invited to appear before the Public Finance and Revenue Committee of the National Conference.

Stock: Major shareholders to be barred from voting at EGM

23 April 2014, 12:54

The Securities and Exchange Commission and the Nigerian Stock Exchange plan to introduce new rules forbidding major shareholders of companies from voting in meetings where they stand to gain.

Senate chides Discos for poor power supply

23 April 2014, 11:50

The Senate has expressed dismay over the epileptic power supply in the country despite the completion of the privatisation of the power sector in 2013.

Oil, gas committee inaugurated

23 April 2014, 10:44

Government has inaugurated the organising committee for this year's Oil and Gas Trade and Investment Forum taking place in Port Harcourt, Rivers State in October.

Oil up ahead of US stockpiles report

23 April 2014, 07:57

Oil prices have inched higher in Asian trade on hopes that a key US stockpiles report would beat bearish forecasts, easing concerns about tepid demand.

Lagos traders appeal to CBN over scarcity of lower denomination naira notes

22 April 2014, 20:07

Traders in Lagos have appealed to the Central Bank to ease their transactions with customers by injecting adequate lower denomination naira notes into the system.

Electricity generation to hit 12 000 MW by 2016

22 April 2014, 19:04

Electricity generation in the country would hit 12 000 megawatts before the end of 2016.

Jonathan to receive 2014 budget

22 April 2014, 18:07

President Goodluck Jonathan is expected to receive the 2014 Budget from the National Assembly for his assent.

Power firms generate N30b from fixed charges

22 April 2014, 17:02

Electricity distribution companies have made over N30 billion from consumers in the country as fixed charges from June 2013 till date.

TCN begins construction of destroyed Kotangora transmission line

22 April 2014, 16:12

The Transmission Company of Nigeria has commenced the construction of a transmission bye-pass to temporarily replace the destroyed 132kV transmission line in Niger State.

Flights resume at Kaduna Airport

22 April 2014, 15:08

The Nigeria CivilAviation Authority has declared that the Kaduna International Airport is now safe for flight operation after a fire outbreak that razed the flight control tower.

N53.6b debt threatens fuel importation

22 April 2014, 15:05

The outstanding subsidy claims that the federal government is owing major oil marketers stood at N53.6 billion as at April 1.

Cash sprayers risk prosecution

22 April 2014, 14:17

The Central Bank of Nigeria has warned that it would soon take punitive action against individuals who spray cash at social functions.

Telcos concern at substandard servicing

22 April 2014, 12:57

The Association of Telecommunications Companies of Nigeria has expressed concern over the quality of equipment used by infrastructure servicing companies in the country.

Government approves 1.85m tonnes of fuel import allocation for 2 quarters

22 April 2014, 12:34

The federal government has approved 1.85 million tonnes of petrol import allocation for two quarters covering January to June.

World Bank approves $250 million credit for water projects in Nigeria

22 April 2014, 10:35

The World Bank says it has approved a credit of 250 million US dollars to help the Nigerian Government continue its efforts to increase access to water supply services.

Oil prices ease in Asian trade

22 April 2014, 08:02

Oil prices have dipped in Asian trade but the losses were limited by lingering concerns about the crisis in Ukraine, analysts said.

Insufficient gas supply, others affect power distribution

20 April 2014, 17:49

JEDC says destruction of electrical facilities and insufficient gas supply, among others, are responsible for inadequate power supply.

U.S. envoy lauds NSE’s performance

17 April 2014, 19:56

The U.S. Ambassador to Nigeria has lauded the management of the Nigerian Stock Exchange on its accountability and transparency standards.

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