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Tuesday, April 24, 2018
Business

Business

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The price of crude oil has risen to over $72 per barrel in the international market, following political risk in the Middle East, accounting for commercial oil and gas production in the world. Investigations showed that the tension in the...
Konga, Nigeria’s largest online mall, and Yudala, Africa’s pioneer composite e-commerce company, have officially announced a merger of their operations which will see them effectively become the biggest organised retail and e-commerce/marketplace outfit on the African continent. The business merger,...
The Naira, yesterday, appreciated for the first time this week by 57 kobo to N359.81 per dollar in the Investors and Exporters (I&E) window of the foreign exchange market. Data from the Financial Market Dealers Quote (FMDQ) showed that the...
Teleology Holdings Limited (THL), the preferred bidder for 9mobile Limited, has paid the $50 million unrefundable deposit for its acquisition of the firm. It has 90 days to pay the $450 million balance to seal the deal. 9mobile will be handed...
Ghana owes a total of $160m for gas supplied to its largest power producer, Volta River Authority, from Nigeria through the West Africa Gas Pipeline. N-Gas Limited, a company owned by the Nigerian National Petroleum Corporation, Chevron and Shell, buys...
From the promise of mouth-watering delicacies to the allure of savoury wine tastings, the 2018 GTBank Food and Drink Fair is set to deliver, in 3 days, an experience that will certainly remain unmatched for the entire year. On April 29th,...

Oil prices rose more than two per cent on Monday, supported by a rebound in the stock market as trade war between the United States and China eased. Brent crude futures rose to settle at 68.65 dollars a barrel. Brent...
The Lagos State Police Command says it has arrested six men in connection with pipeline vandalism at Fagbile Estate, Isheri-Ijegun, a Lagos suburb. According to the command’s spokesman, SP Chike Oti, the men were arrested by “undercover operatives” attached to...
The Monetary Policy Committee of the Central Bank of Nigeria on Wednesday left the Monetary Policy Rate unchanged at 14 per cent. The CBN Governor, Mr Godwin Emefiele, announced the decision of the committee at the end of a two-day...
Alhaji Aminu Gwadabe, the President of Association of Bureau d’Change Operators of Nigeria (ABCON), has advised the CBN to reduce its monetary policy rates. He said that lowering the Monetary Policy Ratio (MPR) and other rates by the CBN Monetary...
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