Category Archives: Business News

Illegal Crude Oil Export: Court orders Chevron, Total to defend allegations

A Federal High Court in Lagos has ordered multinational oil companies, Total E&P Nigeria Plc and Chevron Nigeria Limited, to defend the allegation by the Federal Government that they under-declared the volume of crude oil they shipped out of the

Abia, Turkish Governments Partner To Train 50,000 Shoe, Dress Makers

ABUJA-More than 50,000 local shoe and garment makers from Abia are to be trained by the Turkish business community in a new business partnership deal between the State government and Turkish embassy in Nigeria. This was even as the foreign

Google Battles Whatsapp With The New Allo Messaging Application

Google on Wednesday introduced a new instant messaging (WhatsApp-like) platform called Allo that features Google Assistant which can simplify little tasks for users and offer convenience while chatting or sharing files with a contact. Allo’s introduction comes close at heels

Deutsche Bank to Fight $14b Demand from U.S. Authorities

Deutsche Bank (DBKGn.DE) said it would fight a $14 billion demand from the U.S. Department of Justice to settle claims it missold mortgage-backed securities, a shock bill that raises questions about the future of Germany’s largest lender. The claim against

GE Wins $1.9b Order from UK’s Hinkley Point Nuclear Plant

General Electric Co (GE.N) says it will receive $1.9 billion for a contract to supply steam turbines, generators and other equipment to the Hinkley Point C project, the United Kingdom’s (U.K.’s) first new nuclear power plant in decades. By approving

Bank of Industry NIRSAL Sign Agro-lending Pact

The Bank of Industry (BoI) has signed a Memorandum of Understanding (MoU) with the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) on risk-free agro-lending. The partnership will enable both institutions achieve more sustainable lending that would boost the

Honeywell Oil Nigeria Changes Name To HOGL Energy

An indigenous oil and gas marketing company in Nigeria, Honeywell Oil and Gas Limited has officially changed its business name to HOGL Energy Limited. In line with this change, a new logo has also been unveiled for the company’s corporate

Video: What I did to Grow Nigeria’s Economy – Former Minister, Okonjo-Iweala

She’s been called one of the most powerful women in the world, a description that carries as much controversy as cache. What would you like to ask Ngozi Okonjo-Iweala? Nigeria’s former Finance Minister Ngozi Okonjo-Iweala, was a guest on Al

Nigeria to raise $1 billion in Eurobond market

Nigeria plans to raise $1 billion on the Eurobond market this year in a move designed to plug a budget deficit, said the country’s finance minister Friday. Speaking at a press conference in the nation’s capital of Abuja, finance minister

How Nigeria Can Generate Over N20 Trillion Revenue From Cassava

Pastor Segun Adewumi, the National President, Nigeria Cassava Growers Association says cassava can generate over N20 trillion for the country, annually if adequately utilised. Adewumi stated this in an interview with newsmen in Abuja on Monday.

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