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News
NNPC to explore the Gulf of Guinea for Crude
The Nigerian National Petroleum Corporation(NNPC) on Thursday announced its preparedness to explore for crude oil in the Gulf of Guinea…
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Oil rises to $48 ahead of OPEC meeting
Global oil benchmark, Brent crude, rose on Monday to its highest level in a month on rising speculation that major…
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Shell executes subsea projects in Nigeria, saves $30m
Shell Nigeria Exploration and Production Company, the deep-water subsidiary of Shell Companies in Nigeria, on Sunday said it had achieved…
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Dangote commences construction of concrete roads in states
Dangote Industries Limited has announced the commencement of the construction of concrete roads in various states across the country,…
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NEPC targets non-rejection of Nigeria’s exports
The Nigerian Export Promotion Council is targeting ‘zero rejection’ of Nigeria’s exports in the international market and in line with…
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Spain buys €4.6bn oil, gas from Nigeria – Envoy
The Spanish Ambassador to Nigeria, Mr. Alfonso Barnuevo, on Thursday said that his country was currently spending about €4.6bn (N1.6tn)…
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Dangote Sugar Refinery posts N11.1bn Q2 profit
Nigeria’s sugar producer, Dangote Sugar Refinery, has announced a profit before tax of N11.1bn for the six months ended June…
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FCMB, Diamond Banks plan fresh capital raising
Diamond Bank Plc and First City Monument Bank Limited (FCMB) have disclosed plans to raise fresh capital. Diamond Bank said…
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Dangote Cement reaps benefits of African expansion
The diversification of Dangote Cement Plc into other part of Africa has started yielding positive results, the Chief Executive Officer…
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Multiple taxes crippling telecoms industry – NCC
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta has raised the alarm that multiple taxes…
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