Business

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Australia on Monday signed a 50 billion dollar (35.5 billion US dollar) contract with France to build a fleet of 12 “regionally superior’’ submarines. Naval Group, a majority French state-owned defence and energy contractor, previously…

Governor Mohammed Bindow of Adamawa State on Wednesday signed into law the Jimeta Modern Market Management Bill passed by the Adamawa State House of Assembly. Governor Bindow assented to the Bill at the premises of the Jimeta Modern Market…

Governor Nasiru El-Rufai of Kaduna State has said that the Organised Private Sector and Business Owners operating in the state must regard prompt payment of taxes as a responsibility. The governor made the remarks in Kaduna State when he…

The Nigerian Bond market rallied by c.20bps on Friday, largely driven by renewed demand from offshore investors and the relative under supply of bonds in the market. Average bond yields consequently broke the 15 per cent support level to…

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The French oil giant, Total has revealed plans to spend around $1.2 billion on exploration in 2019. A statement by its senior Vice President for exploration, Kevin McLachlan said the budget will be around $1.2 billion and $1.1 billion,…

The Niger Delta Exploration and Production (NDEP) will be commissioning the second phase of the Ogbele Modular Refinery in March. Since the commissioning of the first phase of the refinery in 2011, it has produced over 124.5 milliion…

Nigeria recorded an increase of 1,811.3 megawatts (MW) in power generation in January 2019, as the Transmission Company of Nigeria (TCN) transmitted 127,157.7mw as against 125,346.4mw in December 2018. The daily statistics of TCN…

Emeka Okoroanyanwu Military pensioners under the aegis of Ex-Servicemen and Families Welfare Association of Nigeria, Lagos Zone has pleaded with President Muhammadu Buhari to as a matter of urgency intervene in the payment of their…