NLNG signs supply agreement with Galp Trading SA
Nigeria Liquefied Natural Gas (NLNG) has signed an agreement with Galp Trading SA to supply one million tonnes of LNG per year.…
Category: Local
Customs seizes bags of contraband rice disguised as beans
Adamawa/Taraba State Customs Command of the Nigeria Customs Service, NCS, has impounded trailer load of 330 kilogrammes of Pangolin scales,…
NSE to complete demutualisation process, April 24
All is now set for the final conversion of the Nigerian Stock Exchange, NSE, to a public liability company as…
FG discovers crude oil in north, says there’s more
About one billion barrels of crude oil has been discovered in the North-Eastern part of Nigeria, the Minister of State…
Harmattan grounds foreign, domestic flights in Nigeria
Harmattan hays have caused flight cancellation and delay in the Nigerian Aviation sector grounding foreign airlines throughout the week. The harmattan has led…
Access Bank N15bn Green Bond sets for cross listing
The Access Bank’s proposed listing of its N15 billion Green Bond on the Luxembourg Stock Exchange (LuxSE) has created some…
BPE to raise N267bn from privatization of 20 coys
The Director-General of the Bureau of Public Enterprises, BPE, Mr Alex Okoh, has advised against re-nationalisation of the nation’s electricity…
Production, employment’s growth slow in January – CBN
Production level, new orders, supplier delivery time, employment level and raw materials inventories grew at a slower rate in January…
NLNG achieves 83 percent of its Nigerianisation target
THE Nigerian Liquefied Natural Gas Company, NLNG has said that it has completed about 83 percent of its Nigerianization process…
Dangote remains Africa’s wealthiest person for 9th consecutive year
For the ninth year in a row, Aliko Dangote of Nigeria has been declared as the wealthiest person in Africa,…
Hike in CRR may impair credit allocation to real sector — Rewane
The recent increase in banks’ Cash Reserve Ratio (CRR) by the Central Bank of Nigeria (CBN) to 27.5 percent may…
‘Infrastructure development in Lagos will boost diaspora investment’
Governor Babajide Sanwo-Olu has said the ongoing infrastructural development programme of the Lagos State Government, is a deliberate effort to…
NNPC, U.S. seal $1.1 million pact for 1,350MW Abuja power plant
A $1.1 million pact, expected to generate 1,350 megawatts (MW) Independent Power Plant was yesterday, in Abuja, signed between the Nigerian National Petroleum…
Shell, NNPC lament over Nigeria’s electricity deficit
Gas producers, Shell and the Nigerian National Petroleum Corporation (NNPC) have lamented over the poor electricity supply in Nigeria despite the abundant…
Quality of local rice improves as food prices drop across major markets
The quality of locally-produced rice in Nigeria has recorded significant improvement in recent weeks, as the latest Nairametrics Household Survey revealed that…
Customs to take delivery of 3 scanners by Q2’20
NIGERIA Customs Service, NCS, is set to take delivery of three scanners by end of the second quarter 2020, Vanguard…
Cargo diversion: Maersk, Safmarine deny dumping Lagos ports
CONTRARY to media reports, the world’s largest container carrier, Maersk and its sister company Safmarine have denied stopping their shipping…
FG fails to meet revenue projection for 2019, as revenue hits decline mode
The Federal Government made N1.1 trillion from Value Added Tax (VAT) in twelve months, with the Federal Inland Revenue Service…
U.S. okays NSIA to manage $318m Abacha loot
THE Nigeria Sovereign Investment Authority (NSIA) will manage the $318 460,329 Abacha loot, the repatriation of which was secured last…
5.4m poor Nigerians now receiving N5,000 monthly – FG
The federal government through the National Social Safety Nets Coordinating Office (NASSCO), says a total of 5,433,394 Nigerians are now…
SON shuts 13 steel factories over infractions
The Standards Organisation of Nigeria (SON) National Steel Task Force has sealed 13 steel factories across the country for standards…
Investors lose N153.6 billion on Monday as ASI dip 1.05%
Stock market investors lost N153.6 billion at the start of the week to a bearish trade session after the market…
BREAKING: CBN restricts forex for milk import to Nestle, Chi, Friesland, 3 others
The Central Bank of Nigeria (CBN) has restricted foreign exchange for milk importation to six companies in Nigeria to boost…
FG says ‘extension’ needed on West Africa currency launch
West African powerhouse Nigeria on Monday called for a delay to the launch of a region-wide currency tentatively scheduled to…
Stock market down N154bn on sale pressure
The equities market closed on Monday on a negative note, declining by 1.05 per cent as investors sold off shares…
Ecobank holds digital skills training for female entrepreneurs
ECOBANK Nigeria has trained over 140 female business owners on digital marketing skills as part of its initiative to continuously…
Mixed earning reports, rebound in T-bills stop rate to pressure equities
AS quoted companies continue to release their 2019 full year earnings reports, investment analysts have indicated the possibility of negative…
Tony Elumelu Foundation disburses first tranche of $5million partnership commitment from African Development Bank
Tony O. Elumelu, CON, has congratulated the African Development Bank (AfDB), and its President, Akinwumi Adesina, on their commitment to…
Flour Mills finance cost drops by 20% to N4.3 bn in Q3
FLOUR Mills Nigeria Plc has recorded 20 percent, year-on-year decline in its finance cost to N4.3 billion, in the third…
Nigeria to receive first tranche of World Bank’s $3 billion loan soon
Nigeria is expected to receive the first tranche of its $3 billion loan request from World Bank as soon as…