Crude rallies to $80 first time in 4 years
Crude rallied to $80 a barrel in London for the first time since late 2014 amid signals that stockpiles of excess oil will continue shrinking around the world. Futures contracts…
2018 Budget: LCCI commends NASS over crude oil benchmark increase
May 17, 2018 The Lagos Chamber of Commerce and Industry (LCCI) on Thursday commended the National Assembly (NASS) for increasing the crude oil benchmark to $51 per barrel from the…
Shell Nigeria boosts domestic gas distribution capacity by 150%
May 16, 2018 Shell Nigeria Gas (SNG) Limited on Wednesday said the company had increased its domestic gas distribution capacity by 150 per cent over the last six months. SNG…
Metropolitan Networks Promises Cutting- Edge IT Solutions in Nigeria
United Kingdom-based Information and Technology firm, Metropolitan Networks, is entering Nigeria with a promise to offer cutting edge solutions. Founded in 2003 in London, to provide quality customer-centred network support,…
FBN Holdings shareholders approve N8.97 billon dividend for 2017
May 15, 2018 Shareholders of FBN Holdings Plc on Tuesday approved the total dividend of N8.97 billion recommended by the board for the financial year ended Dec. 31, 2017. The…
Malabu oil case: Nigerian lawyer steps down
There was a little twist in the tale when the trial of top executives from oil majors Eni (ENI.MI) and Shell (RDSa.L) over alleged corruption in Nigeria kicked off on…
The Naira depreciates against dollar at parallel market
May 14, 2018 The Naira on Monday depreciated against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports. The Nigerian currency lost 1.1 points…
Nestle, Dangote Cement drags market capitalisation by N125billion
May 14, 2018 Activities on the Nigerian Stock Exchange (NSE) resumed on Monday still on negative trend with the market capitalisation losing N125 billion due to loses by some blue…
Nigeria’s Zinox attains Intel Platinum Status
Zinox Technologies Ltd., Africa’s foremost ICT Solutions company, has scored another first having become the region’s first local Original Equipment Manufacturer (OEM) to achieve the status of Platinum Technology Partner by…
Two FUTA students win Microsoft Imagine Cup Nigeria
Two engineeing students of the Federal University of Technology, Akure, Taofeek Afeez and Alayande Abiola have emerged winners of the 2018 Microsoft Imagine Cup National Finals. The Imagine Cup which…