Business & Economy

…NIigeria may lose N1trn on litigation fees As the Federal Government re-awards the 20-year contract it had with Messrs Adani Mega Systems Limited/ Webb Fontaine for the automation of Nigeria Customs Service to a Chinese IT firm, Hawai…

Maureen Ogbuokiri There are indications that the Federal Government may have commenced fresh moves sell its four refineries to private operators. Group Managing Director of NNPC Mele Kyari disclosed that there are ongoing talks for the…

...Seeks new maritime security strategy Chidi OgbuokiriThe Nigerian Maritime Administration and Safety Agency (NIMASA) has revived efforts to change the Terms of Trade for the affreightment of Nigerian crude oil from Free on Board (FOB)…

Chidi Ogbuokiri Electricity distribution compaines, otherwise known as DisCos have implemented a new tariff regime that will have most consumers in Africa’s most populous country paying 50 per cent more for electricity. The new rates…

Chidi Ogbuokiri Nigeria and South Korea have agreed to intensify their collaboration in trade and shipping development. This was disclosed in Lagos during a meeting between the Director-General of the Nigerian Maritime Administration…

The Federal Government said it aims to have 50 mines in operation by 2023 and can make up for time lost because of the impact of Covid-19 on development of the nascent sector, Minister of Solid Minerals, Olamilekan Adegbite has said. …

Nigerian conglomerate BUA Group has selected France’s Axens for a multibillion-dollar 200,000 barrel per day (bpd) refinery and petrochemicals plant in Nigeria, the French company said in a statement on Tuesday. Axens, which makes…

Despite the challenge of not being at the main operational entry points (Ports) in the country, the Standards Organisation of Nigeria (SON) has been vibrant and alive to its statuary function of ridding the country of sub-standard…

THE Central Bank of Nigeria (CBN) said it will grant more licences for payment service banks but set a minimum capital base of N5 billion ($13 million) which could deter telecoms firms and some other potential new entrants to the digital…

Chidi Ogbuokiri In keeping with the times as occasioned by the Covid-19 pandemic, PZ Wilmar through its premium brand; Mamador, successfully hosted the first ever virtual August Women Meeting. The Mamador August Women Meeting which was…