Business articles

Battle to recover $15b gas sales dividends begins

Detectives are probing the whereabouts of $15.8billion Nigeria Liquefied Natural Gas (NLNG) Limited dividends, The Nation learnt at the weekend. Under investigation by the Economic and Financial Crimes Commission (EFCC) are former Petroleum Resources Minister Diezani Alison-Madueke and some former officials of the Nigerian National Petroleum Corporation (NNPC) and the Nigerian Petroleum Development Company (NPDC),

Over 100 Small Businesses to Participate in 2017 GTBank Food and Drink Fair

More than 100 small businesses in Nigeria’s Food Industry will be provided with free storefronts at the GTBank Food and Drink which holds during the Worker’s Day holiday, on Sunday the 30th of April and Monday the 1st of May, 2017. Organised by foremost African Financial Institution, Guaranty Trust Bank Plc, the 2-day event offers

“EFCC Propaganda may trigger April Spring in Nigeria!”—Uranta, NNSG Scribe

The Nigerian National Summit Group (NNSG) has decried the growing pattern of self-serving myopic propaganda tactics being deployed by government officials and bodies, whilst warning that it could trigger massive violent social unrest nationwide. In a Public Statement released in Lagos today, Sunday, April 23, 2017, by NNSG Executive Secretary, Mr. Tony I. Uranta, the

Two Air Peace planes collide on departure ramp

At the Murtala Muhammed Airport in Lagos on Thursday, two Air Peace aircrafts were reportedly seen collided on the departure ramp. It was reported that one of the aircrafts with the registration mark 5N-BQR, was being towed for departure, before it made contact with the stabiliser of another Air Peace with the registration mark 5N-BQP. According to

EXCLUSIVE: Jonathan, Emefiele, Magu, others to be questioned by presidential panel probing N13 billion Ikoyi money

A former president, Goodluck Jonathan, Governor of the Central Bank of Nigeria, Godwin Emefiele; and anti-corruption chief, Ibrahim Magu are amongst some high-profile personalities that are expected to be questioned by a presidential panel investigating the mysteries surrounding the over N13 billion recovered from an apartment in Lagos last Wednesday, PREMIUM TIMES has learnt. The

World Bank cautions Nigeria, others on ‘excessive-borrowing’

The World Bank has cautioned Nigeria and other African countries against excessive borrowings. To check this development, the World Bank is advocating “a balance between massive spending for development on the one hand and moderation in borrowing on the other. World Bank’s Chief Economist for African Region, Albert Zeufack, spoke on the latest update on

Nigeria to grow by 0.8% in 2017 – IMF

The International Monetary Fund on Tuesday forecast 2.6 percent growth in sub-Saharan Africa this year, aided by a modest recovery in large economies South Africa, Nigeria and Angola. “Growth is projected to rise to 2.6 percent in 2017 and 3.5 percent in 2018, largely driven by specific factors in the largest economies, which faced challenging

Fuel Theft: Senate Asks NNPC To Go Beyond Sacking Officials

The Senate has commended the Nigerian National Petroleum Corporation (NNPC) for responding to the motion moved during a plenary session by the Chairman, Committee on Petroleum Downstream Sector, Senator Kabiru Marafa, on the theft of petroleum products kept in the farm tanks of two oil companies and urged the corporation to take more radical measures

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