BUSINESS
Apr. 22 | If the world is indeed a global village then there ought to be awareness for and understanding of the culinary culture of people in all areas of our global neighbourhood!
Take West Africa cuisine. Despite it being one of the very few remaining authentic...
Apr. 5 | Nigerian company Conoil is the front-runner for a stake in one of Shell’s prized oil blocks in Nigeria, but the deal hasn’t been finalized, according to two people familiar with the bidding.
Other bidders have been told Conoil is the winner...
Mar. 28 | Intercontinental Bank Plc rose to an almost two-week high after announcing a planned merger with Access Bank Plc to create the country’s fourth-biggest bank by assets.
The stock added 2 kobo, or 1.4 percent, to 1.5 naira by the 2:30 p.m. close in...
Mar. 24 | Nigeria awarded a $2 billion contract to Eni SpA (ENI)’s Agip and Oando Plc (OANDO) to build a natural gas processing facility at Obiafu in the southern Rivers state.
The plant will process wet gas from fields operated by Chevron Corp. and Royal Dutch...
Mar. 22 | Nigeria’s central bank on Tuesday raised its main interest rate by one point to 7.5 percent in an effort to check inflation ahead of expected heavy spending before next month’s elections.
The bank’s governor, Sanusi Lamido Sanusi,...
Mar. 20 | Nigeria plans to spend $10 billion of foreign investment on 10 new plants in the petrochemical and fertilizer industries, Petroleum Minister Diezani Alison-Madueke told reporters today in Abuja, the capital.
The projects include one petrochemical facility,...
Mar. 9 | A US trade official visiting Nigeria on Wednesday expressed hope that upcoming elections in the West African nation would boost efforts toward reform and reducing corruption.
Suresh Kumar, assistant secretary for trade promotion, said he would stress...
Feb. 25 | By Yemi Ifegbuyi
Citigroup - a global financial services company with headquarters in New York City - has announced its version of the next group of eleven economies with the most promising growth prospects.
The group of eleven economies,...
Feb. 22 | By Nigerians Abroad staff writer
The Nigerian government has initiated a SOS moves to resume savings in the country’s excess crude oil account, after series of withdrawal in the past year that resulted in dramatic decrease in the fund. Nigeria’s finance...
Feb. 18 | Nigeria’s privatisation agency said on Friday it had advised the government to reject a $2.5 billion offer for former state telecoms monopoly Nitel after the bidder missed a deadline for a $750 million deposit.
The New Generation consortium,...
