OTHER BUSINESSES

Nigeria is very unlikely to join OPEC’s cuts in oil production before March, its oil minister said on Wednesday. Emmanuel Ibe Kachikwu also told reporters that an extension to the cartel’s cuts, which are an attempt to stabilise oil prices, was possible since volumes of oil stocks were still a...

The Nigerian National Petroleum Corporation (NNPC) has inaugurated eight committees charged with the responsibility of returning the nation’s three refineries to their capacities by 2019. According to a statement by NNPC spokesperson, Mr. Ndu Ughamadu, the move was in line with the presidential mandate of rehabilitating the nation’s three refineries....

Nigerian energy company Shoreline has signed a $300 million agreement with the local unit of Shell (RDSa.L) to develop gas infrastructure around the commercial capital, Lagos, both companies said on Monday. Shell said in June that it would place more emphasis on gas rather than oil in the West African...

Vice President, Yemi Osinbajo, announced on Monday, that the federal executive council has agreed to the concession of the Murtala Muhammed Airport, Lagos and Nnamdi Azikiwe Airport, Abuja. Prof. Osinbajo on his tweeter handle @NGRPresident, said this while speaking at the fifth edition of the presidential Quarterly Business Forum held...

Goldberg lager beer recently empowered some entrepreneurs who emerged as the first set of beneficiaries of Isedowo, its youth empowerment initiative in the Southwest region of Nigeria. The initiative, which is aimed at supporting young Yoruba men and women to grow their businesses, was launched at the palace of the...

Aliko Dangote, Africa’s richest man, is among those considering counter-offers for PPC Group Limited that could signal a bidding contest for South Africa’s largest cement maker, according to reports. Dangote Cement Plc sees a bid for the Johannesburg-based company as a way to accelerate expansion outside its home market of...

The President/Chief Executive of the Africa Finance Corporation (AFC), Mr. Andrew Alli and other leading experts in the financial sector are expected to proffer solution to the challenges of infrastructure financing in the country, at the 2017 annual conference of the Finance Correspondents Association of Nigeria (FICAN). Others expected at...

Oil-markets on Friday saw Brent crude supported by Saudi Arabia hoping to cut October supplies, while United States crude was curbed by refinery-outages due to Hurricane-Harvey damages, which dented demand. Focus was shifting to three other hurricanes that are currently tearing through the Caribbean and Gulf of Mexico. Brent crude...

The Federal Government is set to launch a N2.5 billion loan scheme for small scale miners in the country. The Minister of Mines and Steel, Dr Fayemi made this known during an interview on Channels Television’s Question Time while outlining some of the steps which the government has taken so...

The semi-final tickets of the on-going 2017 Cowbellpedia Secondary Schools Mathematics TV Quiz Show, sponsored by Cowbell, the flagship brand of Promasidor Nigeria Limited, literarily became a rivers confluence as representatives of Niger and Benue States picked two slots last weekend. In the fifth preliminary stage contest, Godwin Terzulum of...