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Category: Bizness News


Nigeria spends N3.5trn annually on power generators…N17.9bn on importation of generators

Nigerian manufacturers, small scale businesses and families spend an average of N3.5 trillion yearly to power their generating sets with diesel and petrol due to...

Nigeria's Minister of Petroleum Diezani Allison-Madueke speaks at a media briefing on a new gas price regime in the capital of Abuja

Reps Set to Probe $1.5bn NNPC Loan

The Federal House of Representatives on Wednesday directed its joint Committee on Petroleum (Downstream), Petroleum (Upstream), Justice and Loans and Debts to...

Samsung, LG Unveil Super-thin, Curved Televisions

South Korean consumer device makers Samsung Electronics Co and LG Electronics Inc unveiled curved, super-thin televisions on Tuesday, hoping to become early market...


Air fares may crash by 33% as Dana, others return

  Indications have emerged that soaring domestic air fares may soon crash by 33 per cent from the present average of N30,000 per hour flight to N20,000 following...


Nigeria: Cement War – Dangote, WAPCO Hit Back At Ibeto

Nigeria’s cement manufacturers and top economists have chided the Ibeto Cement Company over its resolve to continue to import cement into the country despite the...


Nigeria issues N75b in bonds, yields inch up

Nigeria sold 75 billion naira ($476.10 million) worth of 5-, 7- and 10-year sovereign bonds maturing in 2017, 2019 and 2022 at an auction on Wednesday, with yields...

Oando Plc CEO Tinubu speaks during a Reuters interview in Lagos

How we plan to fund $1.79b ConocoPhillips deal – Oando

Oando Plc (OANDO) plans to fund its $1.79 billion purchase of ConocoPhillips (COP)’ unit in the West African country through the sale of debt and shares.


AMCON yet to vacate Capital Oil’s premises

A week after an Abuja High Court ordered the Assets Management Corporation of Nigeria (AMCON) to vacate the premises of Capital Oil and Gas Industries Limited, the...

NDIC urges African countries to strengthen DIS

The Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Umaru Ibrahim, has called on African countries to strengthen their Deposit Insurance Systems (DIS)...

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