Business

By: Amina Ado The condition of the Nigerian economy has preoccupied many Nigerians in the last several months. Hardly was anyone surprised when the National Bureau of Statistics (NBS) released its second quarter 2016 Gross Domestic...

For whia? These Voodoo economists are like opposite adversaries in the judicial system. You can get an economist to support whatever position you want. By the time they calculate their Gross Domestic Product GDP, Net Domestic...

CAMAC Energy Inc announced today the preliminary results of a successful Oyo field development well offshore Nigeria in OML 120. The Oyo-8 well commenced drilling operations on June 15, 2014 and has both a vertical and...

Africa’s richest man Aliko Dangote yesterday signed a $1 billion Rice Investment Memorandum of Understanding (MoU) with the Nigerian government. In an event at the State House in Abuja, the Minister of Agriculture, Adewunmi Adesina, signed...

The Lagos State Internal Revenue Service (LIRS) on Thursday said it generated more than N120 billion from taxation between January and June this year. The Executive Chairman of the service, Mr Tunde Fowler, told the News...

By Vera Samuel Anyagafu and Njoku Jerry The venue was the Landmark Hotel Convention Center, Chaoyang, in Beijing, China and the event was a grand award-giving ceremony in honor of one of Nigeria’s best China-based entrepreneurs...

There was a fire outbreak at the Exxon Mobil Corp. Qua Iboe terminal in Nigeria on Friday 27th June. This resulted in an oil spill at the facility located in Akwa Ibom state, Southern Nigeria. The...

President Goodluck Jonathan today performed the ground-breaking and unveiling of the Abuja Centenary City Project. The project, which is located along the Airport road, will cost N2.976tr ($18.6 billion). The city which will be sited on...

Royal Dutch Shell has offered to pay £30 million as compensation for two oil spills in Nigeria in 2008. About 15,000 residents of Bodo, in Nigeria’s Niger Delta had sued the oil giant for £300 million...

The World Bank’s Board of Executive Directors today approved a US$495.3 million International Development Association (IDA*) credit to improve farmers’ access to irrigation and drainage services, strengthen institutional arrangements for integrated water resources management and improve...