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Business

Jul 16, 2018
Economic uncertainties and slowdown of market activities have continued to weaken investors’ appetite for equities on the floor of the Nigerian Stock Exchange (NSE) as the All-Share Index and market…
After 25 years of operations that kicked off in Abuja, the African Export-Import Bank (Afreximbank) said it has mobilised no fewer than $65 billion worth of loan syndications for trade financing and…
Persistent price depreciation in the shares of most highly capitalised firms on the Nigerian Stock Exchange (NSE), yesterday dragged the All-share index further by 0.07 per cent. Specifically, at the…
Jul 13, 2018
Total deal volumes and values of Merger & Acquisition (M&A) transactions in Africa fell sharply in the first half of 2018, declining 44% in deal volume and 57% in aggregate…
Jul 12, 2018
Representatives of Austria, Germany and Switzerland have reiterated commitment to expanding business activities and workforce in Nigeria, following the recent ranking by the World Bank Ease of Doing Business index…
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has said that Nigeria will rely on Nigerian Gas Processing and Transportation Company (NGPTC), a subsidiary of the…
Jul 09, 2018
Facebook CEO Mark Zuckerberg is now the third richest person in the world, surpassing famed investor Warren Buffett.   Zuckerberg's net worth increased to $81.6 billion on Friday, Bloomberg reported,…
Jul 08, 2018
Shareholders of Cadbury Nigeria Plc on Friday approved N301.51 million as total dividend for the financial year ended Dec. 31, 2017. The shareholders gave the approval at the company’s 53rd…
Jul 06, 2018
MT Sahara Gas, the newly built vessel acquired by the West Africa Gas Limited (WAGL), has delivered 7,000 metric tonnes (MT) of Liquefied Petroleum Gas (LPG), in its historic maiden…
Jul 06, 2018
The Group Managing Director of the Nigerian National Petroleum Corporation, (NNPC) Maikanti Baru, has said a Final Investment Decision (FID) on the additional eight Million Tonnes Per Annum Nigeria LNG…
Jul 05, 2018
Enough beer to fill 12,000 bottles an hour flows in a pipeline below the 1,200-year-old city of Bruges, Belgium.    The 3km pipeline connects De Halve Maan brewery in the…
The Nigeria Federal Government is set to launch the Abuja Rail Mass Transit project later this month. The project, which is the first light rail system in West Africa, was…
Jul 04, 2018
Temile Development Company Limited, an indigenous shipping company operating in the Nigerian oil and gas industry, has signed a ship building contract with South Korean shipbuilder, Hyundai Heavy Industries (HHI)…
Jul 04, 2018
Oil extended gains to near $75 a barrel after an industry report showed U.S. inventories shrunk as global output disruptions continued to stoke concerns over supply shortfalls.   Crude in…
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