Business

Oil prices were lower on Friday but on course for weekly gains, the third in a row in the case of Brent as the clean-up after hurricane in the United States gathers pace and the outlook for demand rise.
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Minister of Information and Culture, Alhaji Lai Mohammed, has reaffirmed Nigeria’s commitment to host African Tourism Ministers under the aegis of the UN World Tourism Organization (UNWTO) Commission on Africa (CAF) next year.
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Arik Air Limited has filled a N20 billion suit against the Federal Government and Ethiopian Airlines over recent claims in the media that they were negotiating the takeover of the airline. The suit was instituted by the airline at the…
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The ongoing restructuring of the Nigerian National Petroleum Corporation, NNPC received fresh impetus on Tuesday with the appointments and deployments of top executives across the value chain of its operations. Group Managing Director…
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The Central Bank of Nigeria (CBN) on Monday offered $195m in three segments of the Foreign Exchange Market to boost liquidity in the operation. The CBN’s Acting Director, Corporate Communications Department, Mr Isaac Okorafor, in a…
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The commission in a letter jointly signed by its Commissioner for Stakeholder Management Sunday Dare, and its Director, Consumer Affairs, Abdullahi Maikano, on behalf of the Umar Danbatta, the Executive Vice Chairman, on Tuesday, explained…
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Dangote Industries Limited, and its strategic global partner –The Black Rhino Group, have officially signed a Memorandum of Understanding (MoU) for the commencement of the construction of a 100 megawatt of Solar Power Plant in the northern…
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The NAIDP plan of 2013 was meant to grow the volume of locally assembled vehicles by raising tariffs on imported cars but this has so far failed to happen. Instead, the number of vehicles smuggled through the land borders has continued to…
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The plan, which will go to the National Assembly for approval, targets to relieve pressure on the country’s debt service, which is currently consuming about 40 percent of government revenues. Officials say the plan is to borrow more in…
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Crude oil is holding its gains in late trading Thursday following official data showing US crude inventories fell more than expected, trimming the supply glut in the market.
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