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Business

4th South African Firm Pulls Out Of Nigeria Over ‘Hostile Economic Environment’

Abby Bassey | News Editor -
Sun International, a South African-owned firm with 49 percent stake in Federal Palace Hotel, says it is leaving Nigeria, owing to “challenging economic conditions...
Business

Niger Delta: Demonstrations Against Chevron Nigeria Escalate

Agency Reports -
Protesters blocked the gate to offices of American oil giant, Chevron in Nigeria’s Niger Delta on Monday, August 15, 2016 widening a week-long demonstration...
Business

Niger Delta Avengers: NNPC To Import Crude From Chad, Niger

ThisDay -
As part of the efforts to address frequent disruptions to the supply of crude oil to the Kaduna Refinery and Petrochemical Company, KRPC, as...
Business

Shell Declares Force Majeure On Nigeria Gas Supply Due To Avengers Attacks

Bloomberg Business -
Royal Dutch Shell Plc said its local unit has declared force majeure on supplies to a liquefied natural gas plant in Nigeria because of...
Business

NNPC Records N65.83 Billion Loss In 5 Months

Abby Bassey | News Editor -
State-owned oil company, the Nigerian National Petroleum Corporation, NNPC, recorded a total loss of N65.83bn between January and May this year, its latest group financial...
Business

Indorama Refutes Allegation of Sabotaging National Economy and Security

Kenneth Ebelemi | Sub Editor -
The management of Indorama Eleme Fertilizer & Chemicals, IEFCL, has refuted allegation published in various media platforms that the company and another fertilizer firm...
Business

Central Bank Orders Banks To Accept Cheques In Saving Accounts

Felix Ojong | Sports Reporter -
The Central Bank of Nigeria, CBN, has directed banks and other financial institutions to allow their customers that are savings account holders to lodge...
Business

BREAKING: Ntel Announces TY Danjuma As New Chairman

Felix Ojong | Sports Reporter -
NatCom Development & Investment Limited “NatCom”, trading as ntel,  has announced a key addition to its board and the emergence of elder statesman, accomplished...
Business

Baker Hughes And Their Gross Disrespect For Nigerians And Nigerian Laws [MUST READ]

Gift Jackson | Freelance -
This is the first of what might turn out a revealing series, about a company, masquerading as a respectable and responsible player in the...
Business

‘Next Time, It’s Your People’ – Niger Delta Avengers Warns ExxonMobil Against Repairs

Abby Bassey | News Editor -
The leading militant group operating in the oil-rich region of southern Nigeria, the Niger Delta Avengers, has warned oil giant ExxonMobil against repairs on its Qua...
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