Business News

Count me out of Malabu oil deal, says Jonathan

By Olaolu Oladipo, Lagos The immediate past President of the country, Dr. Goodluck Jonathan has asked to be excused from the controversies regarded the kickbacks collected by some government officials in the $1.3bn OPL 245 oil block deal involving oil giants ENI and Royal Dutch Shell.

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S’West Fulani petition Ajimobi over attacks on cattle, poisoned water

By Ismaila Akanji, Ibadan A Fulani socio-cultural group in the South-West, the Jamu Nati Fulbe Association of Nigeria, has sent a petition to Oyo State Governor, Sen Abiola Ajimobi urging him to come to the aid of its members in Ibarapa area of the state.

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AfDB moves to fund agro-industrial park in Sokoto

By Musa Gada, Sokoto The African Development Bank (AFDB) will partner with the Sokoto State Government in its plans to establish an agro-industrial park in the state.

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Naira rebounds against dollar, sells for N490

By Abimbola Fashakin, Lagos The nation’s currency, the Naira on Monday appreciated at the parallel market after about two weeks of posting losses.

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Fashola meets power sector players in Lagos

L-R: Permanent Secretary, Power in the Ministry of Power, Works and Housing, Mr Louis Edozien; Minister of Power, Works & Housing, Mr Babatunde Fashola; Ag. CEO, Nigerian Electricity Regulatory Commission, Dr Anthony Akah and MD/CEO, Ikeja Electric, Dr Anthony Youdeowei (right), during the Eleventh Monthly Meeting with Sectoral Participants in the Power Sector hosted by Ikeja DisCo and Egbin Power ...

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FG assures on Kaduna Airport’s readiness for overseas flight operations

By Kabir Kajuru, Kaduna Minister of State, Aviation, Senator Hadi Sirika, has assured that the Kaduna International Airport will be fully ready for operations during the six weeks closure of Nnamdi Azikiwe International Airport, Abuja. Sirika stated this while briefing newsmen during an inspection tour of the Airport on Friday in Kaduna, adding that the existing 500 passenger capacity Hajj ...

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FG earns $2 billion from sales of oil blocks signature bonus

By Abimbola Fashakin, Lagos The Federal Government earned the sum of $2.187 billion as signature bonus from the sale of 152 oil blocks awarded between 1990 and 2006.

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Promasidor Wins NIPR ‘Best Company in Education’ Award

Victoria Hanson   The efforts of Promasidor Nigeria Limited in elevating the standard of education through its Cowbellpedia Mathematics Television Quiz Show initiative has earned it the ‘Best Company in Education’ in the 2016 Lagos PR Industry Gala and Awards (LaPRIGA) organised by the Nigerian Institute of Public Relations (NIPR), Lagos Chapter recently.

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NSE: Forte Oil listed as worst performing stock in 2016

By Abimbola Fashakin, Lagos Shares of Forte Oil Plc. has emerged the worst performing stock in 2016 in percentage terms having dropped by 74.42 per cent.

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Oil price hits 18 month high, now $58.37 per barrel

By Abimbola Fashakin, Lagos with agency reports Oil prices across the major trading points hit 18-month highs on Tuesday, selling at $58.37 in the first day of the year.

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