US trade agency assures Eko Petrochemical Company of funding, partnership

The United States Trade and Development Agency has commended the management of Eko Petrochemical and Refining Company Limited for...

ITF graduates 11,000 Nigerian trainees nationwide

The Industrial Training Fund (ITF) has concluded arrangements for the graduation of 11,000 trainees cross the country under its...

NEXIM to invest N1bn in Nigerian MSMEs

The Nigerian Export-Import Bank (NEXIM) has restated its determination to promote Micro, Small and Medium Enterprises (MSMEs) in Nigeria to...

Shell, UBA sign USD200m project financing deal

Royal Dutch Shell Plc’s Nigerian unit agreed a $200 million deal with United Bank for Africa Plc to help...

Experts focus on digital reality in Africa economy at Conference of Ministers

Former Nigerian Minister for Communications Technology, Dr. Omobola Johnson, delivered the UN Economic Commission for Africa’s (ECA) annual Adebayo Adedeji...

Theresa May faces tougher option against Brexit as MPs vote for reversal

Brexit chaos could plunge Britain into a general election in weeks, ministers said yesterday after rebel MPs voted to seize control...

Policy, trade and the private sector in the digital era to dominate 2019 conference...

The annual Economic Commission for Africa Conference of African Ministers of Finance, Planning and Economic Development - COM2019 - kicked...

General Motors invests $300m in US, adds 400 jobs

General Motors is making a $300 million investment at its Orion Assembly Plant in Michigan and adding 400 jobs to...

Tim Cook, Apple’s CEO lauds China’s opening-up

Apple CEO Tim Cook Saturday applauded China's opening-up and encouraged the country to open up further, saying it is...

Italy joins China’s Belt and Road Initiative as first among G7

Premier Giuseppe Conte pledged Tuesday to make Italy the first Group of Seven nation to join China's ambitious Belt...

Huawei unfolds plans to deepen investment in Nigeria

Leading global provider of ICT infrastructure, Huawei said it is committed to helping enterprise organisations expand the boundaries of their...

NCDMB, NLNG to sign $1bn train 7 Nigerian content plan

The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigeria LNG Limited (NLNG) will tomorrow, Friday in Abuja sign...

NNPC Begins rehabilitation of Port Harcourt refinery

The Nigerian National Petroleum Corporation on Thursday announced the formal commencement of the first phase of the rehabilitation of the...

Ogbuoji replies Onu on campaign fund claims, says APC doesn’t know him

The Ebonyi State APC gubernatorial candidate in the March 9 election, Senator Sonni Ogbuoji has challenged a certain Ogbonnia Onu...

Social media popularity craze hits China as people pay to be showered praises, compliments

Sick of all the hatred being spread online, Chinese internet users are flocking to groups on social media where...

BPE receives 5 acquisition bids for Yola, Afam Electricity companies

The Bureau of Public Enterprises (BPE) said that it received a total number of five bids for the submission...

Nigeria central bank plans single-digit interest loan for oil palm producers

The Central Bank of Nigeria on Monday unveiled fresh plans to revive the palm oil value chain to enable...

Zenith Bank shareholders get N2.50k dividend for 2018 financial year

Nigeria’s lender, Zenith International Bank PLC, yesterday announced it recorded about N193billion in profit after tax in its Group Accounts...

Deutsche Bank loaned over $2b to Trump over two decades, says NYT

Deutsche Bank loaned more than $2 billion to Donald Trump before he became U.S. president — despite multiple red flags surrounding...

Nigeria’s crude oil export threatened as 30 cargoes remain available

There are indications that crude oil imports from Nigeria could be further threatened with the country’s highest oil buyer,...

NNPC records 34% increase in pipeline vandalism

The destruction of oil installations in Nigeria doesn’t seem to be abating as vandals still sustain their terror on...

332,000bpd crude production grows NNPC’s profit by N12.13bn

The Nigerian National Petroleum Corporation has recorded a trading surplus of N12.13bn, the monthly financial and operations report of the...

FirstBank commits to effective service, value creation

Adesola Adeduntan, Chief Executive Officer, First Bank of Nigeria Limited has said the bank remained committed to value creation and...

Africa yet to tap over 41bn barrels of crude, 319trn scf of gas, says...

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has revealed that more than 41...

CBN, SEC give green light for Access, Diamond merger

The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have approved the merger of Access...

AMCON mulls disengaging non-performing management partners

Asset Management Corporation of Nigeria, AMCON, has hinted that it would disengage Asset Management Partners (AMPs), that are unable...

Urban population pressure breeds water shortage crises in African cities

As water supplies in Ghana’s capital grew increasingly erratic, Beatrice Kabuki stopped customers from using her grocery store’s bathrooms...

Mozambique cyclone death toll may exceed 1,000

A tropical cyclone that tore across Mozambique at the weekend may have killed more than 1,000 people, President Filipe...

Europe raises concerns over China’s growing clout as Xi visits

Chinese President Xi Jinping will visit Italy and France next week amid a European Union firestorm over the dangers...

NNPC works out regional liaison to solve West Africa energy challenges

The Nigerian National Petroleum Corporation (NNPC) has called for more integration among countries within the West African sub-region towards providing...

Deutsche Bank, Commerzbank soon to announce merger talks

D Deutsche Bank AG and Commerzbank AG are poised to formally announce the start of exploratory merger talks after the German...

China vows to further improve business environment

Chinese Premier Li Keqiang said Friday the country will further improve its business environment to unleash market vitality and...

Good outcomes hoped for China-U.S. trade consultations

Good outcomes are hoped to be delivered out of the economic and trade consultations between China and the United...

At annual legislative summit, China vows total rejuvenation and reforms

 By Wang Jinye, Li Zhihui, Xu Lingui and Xu Yang, XINHUA At the "two sessions"...

Guterres, UN CEO shocked, saddened by Lagos fatal building collapse

UN Secretary-General Antonio Guterres was "shocked and saddened" by the fatal collapse of a building in Nigeria, his spokesperson said...

AfDB to provide USD25b to fight climate change in 5 years

The African Development Bank (AfDB) announced on Thursday it would provide 2.5 trillion shillings (25 billion U.S. dollars) over the...

East meets West as traditional Chinese medicine gains popularity in Nigeria

Tucked inside a vast residential area in the Jabi district of Abuja, the capital city of Nigeria, the first officially...

Ethiopian Airline black box review begins in France

Investigators in France on Friday examined the black boxes of a Boeing 737 MAX that crashed in Ethiopia as...

New Zealand mosque shootings casualty list now 49

A gunman shot dead 49 people and wounded more than 40 at two New Zealand mosques, some as they...

No forex for textile importers, Nigeria central bank declares

The Central Bank of Nigeria (CBN) recently stopped the sale of foreign exchange through the official window to importers...

Nigeria, Sao Tome and Principe, Total sign oil production sharing deal

Nigeria, Sao Tome and Principe and Total SA signed an oil production sharing contract on Thursday, according to a...

Buhari orders NNPC to take over OML 11 oil block from Shell

President Muhammadu Buhari has issued a directive to the Nigerian National Petroleum Corporation (NNPC) to take over Oil Mining...

Beloxxi launches new firm in conglomerate as factory 3rd phase nears completion

The companies in the Beloxxi Group expanded by one last week as it added a new firm to the...

Experts say EU action plan shows China is stimulus for global economy growth

The EU's newly proposed action plan, which seeks more balanced relations with China, reflects its ambivalent attitude toward China's rising...

China, US trade talks move to key issues as deal is expected

Chinese Vice Premier Liu He spoke with US Trade Representative Robert Lighthizer and US Secretary of Treasury Steven Mnuchin on...

Why MTN stock exchange listing delays

MTN Nigeria’s planned listing on the Stock Exchange would be actualised when its alleged outstanding $2billion tax issue is resolved.

Chevron Nigeria signs gas aggregation agreement deal with Dangote

Chevron Reinforces its Commitment to Socio-Economic Development of Nigeria Lagos, March 12, 2019: The Nigerian National Petroleum...

Nigeria, 45 other countries, airlines suspend Boeing 737 use

With the announcement on Wednesday by Hadi Sirika, Nigeria’s Minister of State for Aviation that all airlines operating in...

JTF destroys 70 gun trucks as many Boko Haram terrorists surrender

As an aftermath of  sustained air and land operations of the ongoing Operation YANCIN TAFKI, information from captured and defected...

Ogbuoji rejects results of Ebonyi guber election, calls for cancellation

Senator Sonni Ogbuoji, the Ebonyi State APC gubernatorial candidate for the last Saturday elections in the state has described...