archiveJanuary 2017

Bayelsa State government has dragged Nigerian Agip Oil Company (NAOC) Limited to a Federal High Court in Port Harcourt over an oil spillage from the company’s SBM Sirius, (offshore Brass) in Brass local government area of the state. The government in an originating summons, filed by the Bayelsa State Attorney-General...

  The Nigeria Extractive Industries Transparency Initiative (NEITI) has released two documents meant to enhance transparency and accountability in the extractive industries. This was disclosed in a statement signed by its Communication Director, Dr. Orji Ogbonnaya Orji,  who said  that the document seeks to outline Nigeria’s strategy towards the implementation...

Takes MSMES Clinic to Aba Determined to ensure that Federal Government’s business oriented regulatory agencies become facilitators for Micro, Small, & Medium Scale Enterprises (MSMES), the Buhari presidency would do all within its ability to support them and ensure they become thriving businesses. This assurance was given on Thursday by...

Fitch Ratigs, an international rating agency, has downgraded the outlook on Nigeria’s long-term debt as the country experiences the most challenging economic situation in its history. Fitch said in a statement that it had revised the outlook on Nigeria’s long-term ratings “to negative from stable.” According to the organisation, “Tight...

The Nigeria Economic Summit Group (NESG) a leading economic and business policy advocacy group in the country has projected a 0.6% GDP growth for the nation; signalling a likely recovery from the current economic downturn. This position was made at the official launch of the NESG macro-economic outlook for Nigeria’s...

The Federal Government of Nigerian said on Wednesday that President Muhammadu Buhari is in good health, urging people to disregard what it said were false and subversive messages on social media after he travelled to Britain last week for medical checks. News of the president's medical leave sparked a flurry...

For the second consecutive trading session, the equities market closed positive following the gains in two banks stocks that comprises of Guaranty Trust bank Plc and Zenith Bank Plc Consequently, the Nigerian Stock Exchange All-Share Index (NSE ASI) closed up 0.19 per cent to end Thursday’s session at 26,289.95 basis...

…… Bank leads in three performance categories Skye Bank’s website www.skyebankng.com has been recognised as one of the most improved bank websites as announced by foremost web ranking agency, Web Jurist, powered by Philips Consulting in its just-released rating. Skye Bank rose from its previous 18th position in ranking to...

Guinness Nigeria, manufacturers of Guinness Foreign Extra Stout and the nation’s leading total beverage company, has announced its results for the half year  ended  December 31, 2016. The result which was released via a statement to the Nigerian Stock Exchange (NSE) on Thursday shows that the company grew its revenue...

Bayelsa State Governor, Henry Seriake Dickson, on Wednesday declared a receipt of N9.7 billion from the Federation Accounts Allocation Committee (FAAC) for December 2016. The decision was line with his administration’s policy of transparency, prudence and accountability. Speaking with journalists on the finances which got to the state from the...