Sunday, August 25, 2019
Business

Business

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A tanker, with 33,000 litres of diesel has exploded in Lagos after the tanker collided with a BMW car along Oshodi-Apapa expressway. The incident occurred at Toyota junction, Oshodi-Apapa Expressway, inwards Oshodi. Fire fighters and emergency agencies are currently battling to put...
Stanbic IBTC Bank PLC and its holding company, Stanbic IBTC Holdings PLC, have retained their AAA national ratings by Fitch Ratings, the global leader in credit ratings, reaffirming their strong fundamentals and stability, especially the ability to meet their financial commitments as they fall due. In the...
Ethiopian Airlines is in talks to take over management of Nigeria’s troubled Arik Air. Nigeria’s government took over Arik Air early this year after it declared heavy losses. Ethiopian Airlines’ head for international services, Esayas Woldemariam, told the Associated Press news...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members nationwide to reduce petroleum pump price from N145 per litre to N140.Chinedu Okworonkwo, national president of the association, made this known in a statement released...
The persistent fuel scarcity, insecurity and foreign exchange restriction may have forced the prices of tomatoes, fresh pepper and chili pepper and other food items up by about 30 percent. Prices of the items had soared by 30 per cent...
The Managing Director of Capital Oil and Gas Limited, Dr. Ifeanyi Ubah, has been released by the Department of State Services. Ubah had been with the DSS for several weeks. Sources said the oil mogul was released on Monday night unconditionally...
The management of Ecobank Plc last week Friday laid off over 1,500 staff on its pay roll, our source can authoritatively report. According to one of the affected staff who confided in our source,...
The Senate on Wednesday approved the payment of 348 billion outstanding subsidy claims to 74 petroleum marketers in the country. This helped Oando’s share price spike to the top of the gainer’s table on Thursday. The approval followed the adoption of the interim...
The Senate on Tuesday directed the immediate reversal of the recent hike in electricity tariff announced by the Nigerian Electricity Regulatory Commission. The upper chamber, gave the directive while adopting a two-prayer motion moved by  the All Progressives Congress member...
Determined to bring joy to shippers across Nigeria as they shop for the holiday season, Red Star Express Plc., the foremost logistics services solution provider in Nigeria is set to roll out its own special holiday offer for Nigerians...
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