BUSINESS

Ease of doing business: Osinbajo signs 3 pro-business orders, 48 hour visa

Foreigners seeking Visa to Nigeria can now get it within 48 hours, according to one of the three executive orders signed Thursday  by Acting President Yemi Osinbajo, SAN, The signing was the climax of the Presidential Enabling Business Environment Council ...

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Oando seeks approval to refurbish refineries

Mr. Wale Tinubu, the Managing Director, Oando Plc on Thursday said that the company would seek approval from the Federal Government for the refurbishment of one or two refineries. The Company’s facts behind the figures at the Nigerian Stock Exchange ...

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15 ships discharging food, petrol, others items — NPA

Fifteen ships are discharging petroleum products and other commodities at the Lagos ports, the Nigerian Ports Authority (NPA) said on Wednesday. NPA said that the ships were also discharging general cargoes, buck wheat, frozen fish, diesel, container, base oil and bulk gas. ...

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Senate approves harmonized Agricultural Credit and Guarantee Scheme Bill

The Senate on Wednesday approved the harmonised version of the Agricultural Credit and Guarantee Scheme (Amendment) Bill, 2017. This followed the consideration of report of the Conference Committee on the bill, which was passed by the Senate and the House ...

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Agip to build 150,000 barrel per day refinery in Nigeria

The Nigerian Agip Oil Company (NAOC) has accepted to build a 150,000 barrels per day refinery in either Port Harcourt or Brass worth 15 billion US dollars, the Minister of State, Petroleum, Dr Ibe Kachikwu said on Tuesday. Kachikwu briefed ...

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Ajaokuta steel reaches 98% completion, to provide 500,000 jobs

The first phase of Ajaokuta Steel Company will provide 500,000 upstream and downstream employment when it becomes operational. Mr Isah Onobere, the Sole Administrator of the company, told journalists on Friday that the first phase of the plant would also ...

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“NNPC is not recruiting at the moment” – Official

The Nigeria National Petroleum Corporation, NNPC, has reiterated its appeal to the public to disregard any announcement of recruitment or invitation to its interview. The Group General Manager, Group Public Affairs Division, Ndu Ughamadu, made the disclaimer in a statement ...

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36 ships with petrol, food expected in Lagos ports

Thirty-six ships laden with petroleum products, food items and other goods are expected to arrive in Apapa and Tin-Can Island Ports in Lagos from May 4 to May 29, according to the Nigerian Ports Authority (NPA). NPA said they are bringing into ...

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FG to revoke licences of some private oil refineries

The minister of state for petroleum, Ibeh Kachikwu, says the licences of private oil refineries that are yet to be utilised will be withdrawn. Kachikwu said this at a media briefing on the sidelines of the ongoing annual Offshore Technology ...

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Nigeria’s federal and states foreign debt stands at $11bn – NBS

The National Bureau of Statistics (NBS) said Nigeria’s foreign debt stood at 11.41 billion dollars while its domestic debts was N14.02 trillion respectively in 2016. The NBS stated in “Nigerian Domestic and Foreign Debt – 2016’’ data, posted on its ...

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