archiveJune 8, 2016

Oil prices rose for a third day to hit their highest in about eight months on Wednesday, boosted by industry data showing a larger-than-expected drawdown in U.S. crude inventories, worries about attacks on Nigeria's oil industry and strong Chinese demand for oil. London Brent crude for August delivery was up...

The Senate has hinted on plan to summon the Minister of Labour and Employment, Senator Chris Ngige, over his threat to withdraw the license of any bank that continues with the retrenchment of workers. The Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Rafiu Ibrahim‎ revealed this...

As a proof of their rejection of the government's offer of peace talks, Niger Delta militants said they blew up another Chevron oil well Wednesday. According to Associated Press (AP) report monitored by Business247, the bombing comes a day after the government ordered the military to halt attacks in the...

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has called on Nigerians especially those living in the coastal regions to protect the marine environment as it is critical to human existence. Peterside who said this in commemoration of the World Ocean Day observed...

The Nigerian government set up a panel on Tuesday made up of agriculture sector leaders and politicians as part of its attempt to increase rice and wheat production, the vice president's office said. Nigeria is the world's second largest importer of rice and among the biggest buyers of U.S. wheat....

The N382.5billion ($1.53billion) Lagos-Ibadan double track railway line modernisation project has suffered a setback. The 180kilometres project which was scheduled for completion in 2016 is far from finishing point since 2012, despite the amount released for the project. The contract, which was awarded to Chinese Civil Engineering Construction Company Nigeria...

The Access Bank UNICEF Charity Shield international polo tournament came to a flourishing climax Sunday with the presentation of the N10 million donation by the sole sponsor, Access Bank Plc to UNICEF. The donation was presented at the Fifth Chukker Polo & Country Club in Kaduna by the Head Corporate...

Group Managing Director/CEO of Access Bank, Mr. Herbert Wigwe has said the Bank plans to support more developmental projects as part of its strategic objectives towards Nigeria’s economic development and wealth creation. Wigwe said this during the signing ceremony of the N94.9bn 5-year Medium Term Loan (MTL) for Oando Plc...

  The World Bank cut Nigeria’s economic growth forecast for this year, citing weakness from oil-output disruptions and low prices. The global body in its semi-annual Global Economic Prospects report said Africa’s biggest economy is expected to grow 0.8 percent, down from an estimate of 4.6 percent in January. Growth...

The family of the former captain and coach of the Nigerian Super Eagle, Stephen Keshi, has announced the death of the former tactician. He was reportedly dead at the wee hour of today, Wednesday, June 8th, 2016, aged 54. The statement was signed by his relative and manager, Emmanuel Ado...