NNPC rakes in $416m from Oil, Gas export sales in June
The Nigerian National Petroleum Corporation (NNPC) says a total of crude oil and gas export sales of 416.07 million dollars was realised in June, which is 35.78 per cent higher… Read more »
Category: Business
Nigerians react to Skye Bank licence revocation
Financial experts and shareholders on Saturday expressed mixed reactions over the decision of the Central Bank of Nigeria (CBN) to revoke the licence of Skye Bank. The stakeholders expressed their… Read more »
BMW to build 1 billion euro car factory in Hungary
BMW said it is investing 1 billion euros ($1.17 bln) in a new car factory in eastern Hungary, a project that could contribute to the country’s growth and strengthen its position… Read more »
Facebook to face tougher rules in UK
Two days after its Chief Executive Officer (CEO) lost over $16 billion, a UK parliamentary committee has recommended an increased government oversight of Facebook and other social media campaign platforms… Read more »
New tariff will destroy businesses – Patrick Anegbe
The Distillers and Blenders Association of Nigeria (DIBAN) says it rejects the new ”astronomical increase” in excise duty being imposed on domestic wines and spirits. The Chairman of DIBAN, Chief… Read more »
United Nations Technology Bank will build capacity
The United Nations (UN) has opened Technology Bank in Turkey, thereby welcoming a new member into the fold, which will help poor nations leapfrog development challenges. The Bank aims to… Read more »