BUSINESS

Nigeria Business News

Foreigners handle 97% of Africa’s Satellite Technology

The Director General, National Space Research and Development Agency (NASRDA), Prof. Seidu Onailo Mohammed, has said it is disturbing that…

DPR seals 14 petrol stations in Lagos for manipulating dispensing pumps

The Department of Petroleum Resources on Friday stormed several filling stations at Ikorodu, Ibeju-Lekki and Ketu, in Lagos, shutting down…

Shoprite to open 14 new outlets in Nigeria

South Africa’s Shoprite Holdings, Africa’s biggest retailer by sales, will open nearly twice as many stores on the rest of…

Kaduna: Police arrest villagers for exhuming contraband frozen chicken

The police high command in Kaduna has apprehended no fewer than 34 persons comprising 20 men, 12 women and two…

Ban on Foreign Cash Deposits Creates Four Forex Market Segments

Managing Director, Financial Derivatives Company Limited (FDC), Mr. Bismarck Rewane We can meet all legitimate forex requests, CBN insists GTBank…

Bank clients bribe their way off debtors’ list

As Nigerian deposit money banks begin to “name and shame” chronic debtors, some heavily indebted customers have begun bribing their…

Panic over oil spill in Bayelsa community

There was panic in Nembe, Nembe Local Government Area of Bayelsa State yesterday over the massive crude oil spill into…

IPMAN to NNPC, Stop Storing Our Products In Capital Oil Tank Farm

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Nigerian National Petroleum Corporation (NNPC) to immediately stop…

Obasanjo revealed how Umaru Yar’Adua disapproves sale of refineries, refunded Dangote’s $750m

Former President Olusegun Obasanjo has explained that the sale of two of the nation’s oil oil refineries had been concluded…

NEITI: $25.3bn Oil Fund Stolen In 8 Years

The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday declared that about $25.3billion of the nation’s oil monies was missing. The…

Nigerians only experience 36% in electricity improvement

A recent poll results on the level of public electricity services to Nigerians have revealed that only about 36.4 per…

As refineries begins operation, Forex demand to drop

The pressure on the Central Bank of Nigeria (CBN) to devalue the naira due to dwindling foreign exchange reserves, is…
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