OTHER BUSINESSES

Nigeria expects OPEC will extend production cuts for another six months, the country's minister for petroleum resources, Emmanuel Ibe Kachikwu, said on Tuesday. Still, he said, more needs to be done to bring the market into balance. Because production from shale in the United States can ramp up or be...

..... says Bayelsa will lead the way to invest in refineries ..... to establish three modular refineries in each senatorial zones Governor Henry Seriake Dickson of Bayelsa State has commended the Federal Government for its decision to set up modular refineries, describing it as a brilliant idea that will not...

Nigeria's foreign exchange reserves rose to $30.80 billion by April 26, their highest level since Sept. 2015, Central Bank of Nigeria (CBN) data showed on Friday. The increase in the foreign exchange reserves of Africa's top crude exporter could be attributed to a recent rise in global crude oil price...

The Nigerian arm of Abu Dhabi telecom group Etisalat is meeting lenders in London on Friday for talks on restructuring a $1.2 billion debt, Access Bank CEO Herbert Wigwe said. Etisalat Nigeria is the biggest foreign-owned victim of the dollar shortages plaguing Nigeria's financial system. It signed the $1.2 billion...

FIFA president Gianni Infantino confirmed Wednesday that video assistant referees will be used at next year's World Cup in Russia for the first time. According to Yahoo Sport, Infantino said: "We will use video refereeing at the 2018 World Cup because we've had nothing but positive results so far," he...

Nigeria detained a vessel with crew members from countries including Pakistan, Indonesia and Ukraine for alleged theft of crude from a facility owned by Royal Dutch Shell Plc, the Navy said. The tanker, MT TECNE, was apprehended before dawn on April 25 while loading crude from the Afremo platform operated...

President Muhammadu Buhari has asked lawmakers to approve a plan for the government to borrow $7 billion through 2018 from abroad to develop railroads and support an economic recovery. The Export-Import Bank of China approved $6 billion of loans for railroad projects, including $3.5 billion to build a line connecting...

Ghana is like second home to Nigerians, just like Nigeria is same to Ghanaians. Both countries and its citizens share some common affinities. If you’re planning to travel from Nigeria to Ghana or you haven’t decided which African country to visit, you should try shooting your best shot at Ghana....

…to compete with rice consumption In a major strategic move to grow its market equity in Africa, Dangote Flour has unveiled new improved pasta products called ‘Ecccellente’. The re-vamped Pasta is expected to reduce the dependency on rice consumption by Nigerians. Speaking at the grand customer launch in Kano on...

• Disburses N2bn in three months to entrepreneurs, artisans, others Lagos State government has paid a total of N16.9 billion pension arrears to pensioners in the state between April 2016 and March 2017, while N2billion was said to have been disbursed to young entrepreneurs and artisans under the N25 billion...