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The Debt Management Office raised 93 billion naira ($604.3 million) in three, five- and 10-year sovereign bonds on Wednesday, at its eighth debt auction of the year, the Debt Management Office said yesterday. The debt office said it sold 30 billion nai...
As part of its contributions towards Nigeria’s development, the United Nations Industrial Development Organisation (UNIDO) has promised to assist the country develop its industrial and agriculture sectors in order to achieve its Vision 20-2020. G...
Indigenes of a community in Ikot Abasi, on Tuesday blocked the entrance to UC Rusal-Alscon aluminium smelter plant over its refusal to hire local workers. Members of the local community complained that the company had marginalised indigenes of the stat...
Chinese investments in Nigeria by June of this year hit $8.2 billion, and is expected to reach $10 billion by the end of the year. The Chinese Economic and Commercial Counsellor in Nigeria, Rong Yansong, has disclosed.Yansong who made this known during...
The tough operating environment notwithstanding, the directors of Dangote Flour Mills have recommended a dividend of 20 kobo per share to the shareholders of the company, while posting a turnover of N67.6 billion for the year ended December 31, 2010. T...
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has commended Nigerian entrepreneurs for their continuous effort at growing the nation’s economy and creating employment for millions of Nigerians despite...
The lawmaker representing the central axis of Kogi State at the National Assembly, Senator Nurudeen Abatemi-Usman has called on the federal government to complete Osara Dam,to boost the socio-economic activities in Ebiraland. He made the call at Osara,...
The National Secretary of the Democratic Peoples Party, Alhaji Mohammed Danazumi, yesterday, called on the Federal Government to review the Privatisation Act and its implementation. Danazumi gave the advice in an interview with the News Agency of Niger...
The nation’s annual inflation rate declined to 9.4 per cent in July as the naira strengthened against the dollar, curbing the cost of imported food.Inflation slowed from 10.2 per cent in June, the National Bureau of Statistics said in a statement...
As part of efforts to deepen trade within the Economic Community of West African States (Ecowas) , the Nigerian Export Import Bank (NEXIM) has embarked on a sea-link project that would cost a total of $61.5 million. The project is geared towards settin...
The Minister of Aviation, Stella Oduah–Ogiemwonyi, has commenced the rehabilitation of the domestic wing of the Nnamdi Azikiwe International Airport. This was disclosed by the Assistant General Manager (AGM) Public Affairs, Federal Airports Autho...
The Society of Petroleum Engineers(SPE) have appointed a Nigerian , Mr. Egbert Imomoh as its new honorary president to oversee its activities till 2013. As president, Imomoh, the chairman Afren plc will lead SPE’s international board of directors...
A subsidiary of Chevron, the third-largest oil producer in the country and one of its largest investors, spending more than $3 billion annually has commenced drilling operations in the Agbami field offshore Nigeria using the Pacific Bora drillship. &nb...
The United States government has expressed its willingness to support Nigeria in its quest to end gas flaring. This assurance was given by the US special envoy and Coordinator for International Energy Affairs, Ambassador Carlos Pascual, recently at the...
The Federal Government has been advised to improve in the management of its oil revenue so that the benefits of oil exploration and production could trickle down to the lowest class of people in the country. This counsel was given by the chairman, Parl...