Latest Nigeria Business News
August 6, 2019 | OKPELLA, Edo State, Nigeria–As part of its corporate sustainability and social development initiatives, BUA Obu Cement Company, a Cement manufacturing subsidiary of one of Africa’s largest manufacturing conglomerates, BUA Group, has commissioned and donated 6 solar-powered water projects to various communities in Okpella, Etsako East Local Government area of Edo State. […]
Johannesburg – MTN Group today announced an encouraging set of results for the six months ended 30 June 2019 in the context of difficult trading conditions across its major markets. Commenting on the results, Rob Shuter, MTN Group President and CEO, said: “We had a good first half, reporting solid financial results, good commercial momentum and encouraging […]
Zenith Bank Plc has introduced the Zenith Timeless Account, which allows Nigerians aged 55years and above to enjoy free financial services. The Zenith Timeless Account is a product offering targeted at senior citizens (aged 55 years and above), pensioners, potential and existing retirees, that allows them bank for free and conduct banking transactions with […]
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has urged the Management of the Nigerian Liquefied Natural Gas (NLNG) to set their gaze beyond the execution of the much awaited Final Investment Decision on Train-7 billed for October, 2019. Welcoming the top-level NLNG Management team, led by its Managing […]
The commitment to transparency and accountability by the new NNPC management, led by Mallam Mele Kyari has continued to attract commendation and support for the Corporation as the Nigeria Extractive Industries and Transparency Initiative, NEITI has expressed absolute faith in the ability of the new Group Managing Director to turn around the fortunes of the […]
European shares rose for a second day on Thursday, as investors took heart from a stronger-than-expected rebound in Chinese exports and steadying of the yuan currency after a week of turmoil centred on a renewed escalation of U.S.-China trade tensions. Down as much as five per cent in a three-day rout that began late last […]
Oil jumped more than $1 a barrel on Thursday due to expectations that falling prices may lead to production cuts, coupled with a steadying of the yuan currency after a week of turmoil spurred by an escalation of U.S.-China trade tensions. Brent crude had rebounded to $57.57, up to $1.34 or 2.4 per cent, by […]
The Federal Ministry of Mines and Steel Development has said that the country generated N5.2bn from limestone licensing and processing fees. A director in the ministry, Mr Ime Ekripo, said this while presenting a paper titled, ‘Giving Effect to Executive Order 005; the Case for Solid Minerals, during the Annual General Meeting of the Non-Metallic […]
State-run oil firm, the Nigerian National Petroleum Corporation (NNPC), on Wednesday said it plans to partner with the 650,000 barrels per day (bpd) Dangote Refinery to turn the country into a fuel supplier hub for the sub-region. It also said the Nigeria-Morocco Gas Pipeline (NMGP) Project will open new windows of opportunities for the gas […]
The Energy Information Administration (EIA) reported a 2.4-million-barrel build in crude oil inventories for the week to August 2, shattering expectations of another sizeable draw. Brent crude traded at $57.39 a barrel and West Texas Intermediate changed hands for $52.00 a barrel, yesterday. Both benchmarks were down from Tuesday’s close by over two per cent. […]