Category: Business

PPMC insists $250m from Duke Oil was for products traded

The Petroleum Products Marketing Company (PPMC) has insisted that the $205,203,891.09 it received from Duke Oil was for products traded. The PPMC Managing Director, Mr....

Sokoto Cement explains non-payment of dividend to shareholders

The challenges of infrastructure decay and the burden of retooling have been identified as the major impediment against the declaration of dividend for shareholders by...

Trump impressed by China’s Trade on North Korea

US President Donald Trump, on Thursday, pressed China to do more on the North Korean nuclear issue and said bilateral trade had been unfair to the United States. Trump,...

Farmers beg fed govt not to lift ban on rice importation

Chairman of Rice Farmers in Daura, Katsina State, Alhaji Jamilu Ibrahim, has urged the Federal Government not to lift the ban on the importation of rice. The Federal...

Court dismisses Globacom’s N50 million suit against EFCC

A Lagos Division of the Lagos State High Court has dismissed a N50 million suit brought against the Economic and Financial Crimes Commission by telecommunication giant,...

Preisdency denies awarding contracts worth $25bn

The Presidency on Sunday said no contracts worth 25 billion dollars were awarded by the Nigerian National Petroleum Corporation (NNPC) neither was 25 billion dollars...

Nigerians need to tolerate more debts – Finance Minister, Adeosun

Kemi Adeosun, minister of finance, says Nigerians need to tolerate more debts to allow the Muhammadu Buhari-led administration deliver on its plans for the country. The...

General Electric states condition for investing in DisCos

The management of General Electric (GE), has set a fresh condition for it to invest in the Electricity Distribution Companies (DisCos). The power giant is insisting on a...

Finance Minister, Adeosun says Nigerians would not be burden with un-serviceable debts

The Minister of Finance, Mrs. Kemi Adeosun, has said the thought of saddling future generations with unserviceable debts is not part of the President Muhammadu...

Ahmed Musa of Leicester City’s opens filling station in Kano

Leicester City star Ahmed Musa has continued to expand his business empire after he opened his filling station Myca-7 today in Kano. The Nigeria international has...