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JOHANNESBURG (Reuters) – Chinese state-owned Beijing Automobile International Corporation (BAIC) has signed a deal to invest 11 billion rand ($823.30 million) in an industrial zone Read more
For Nigeria to meet the 2016 oil benchmark, a total of 3.1 million barrels of crude oil production per day needs to be achieved, Ibe Read more
By Mark Tay | SINGAPORE Oil prices fell away from 5-week highs on Wednesday as analysts doubted possible producer talks to rein in ballooning oversupply Read more
BENEFITS OF MODULAR REFINING AS AN ALTERNATIVE IN EMERGING ECONOMIES. By Ikenna Ifedobi. In the business of refining crude oil, what is good for the Read more
Crude oil production levels in Nigeria, Africa’s one time largest producer, has fallen to between one million and 1.2 million barrels daily, wrecked by militancy Read more
NAIROBI (Reuters) – Kenya’s Uchumi Supermarkets will use a cash injection of 1.2 billion shillings ($11.83 million) from the government to repay debts owed to Read more
LAGOS (Reuters) – Nigeria’s central bank intervened on the interbank foreign exchange market on Tuesday to help support the naira after it hit an all-time Read more
Nigerians should prepare for another increase in the pump prices of petrol, due to the continued scarcity of foreign exchange to finance the importation of Read more
Akinpelu Dada The Asset Management Corporation of Nigeria has said it will conclude the process for the sale of Keystone Bank in the next two Read more
JOHANNESBURG (Reuters) – Africa’s biggest mobile phone operator MTN Group Ltd reported a $357 million half-year loss on Friday and cut dividend payouts, after a Read more
LAGOS Aug 3 (Reuters) – Nigerian mid-tier bank FCMB plans to raise 10 to 15 billion naira ($47 million) of Tier II capital to boost Read more
IFEANYICHUKWU OKONKWO writes on the personality and rare achievements of the Chairman of Capital Oil and Gas Ltd., Dr. Patrick Ifeanyi Ubah, who is also Read more
[Reuters] Oil prices rose in Asian trade on Monday, following gains last week, as traders shrugged off the impact of Friday’s attempted coup in Turkey, Read more
Doing something on the side is appealing to many. Here’s how to make it work – By B Kate Ashford – On BBC By day, Robin Read more
[PUNCH] The Lagos State Government on Friday said that from July 1, 2016, it would commence a total enforcement against street trading and street Read more
[Channels Television] A former Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mohammed Barkindo, is the new Secretary-General of the Organisation of Petroleum Exporting Read more
[Channels Television] President Muhammadu Buhari has assured oil companies operating in the Nigeria’s Niger Delta that the government is taking all necessary actions to protect Read more
Operatives from the Federal Inland Revenue Service on Thursday sealed the NICON Luxury Hotel and the NICON Insurance Plc. Both companies are said to be Read more
The National Pension Commission on Wednesday said that out of the N1.16tn pension fund assets available for investment in infrastructure, only N1.36bn had so far Read more
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