NIGERIA: $620m spent on sugar importation in 2012
Nigeria spent 620 million dollars on the importation of raw sugar last year, the Executive Secretary of the National Sugar Development Council (NSDC), Dr Latif Busari, said in Abuja on...
NIGERIA: 5,000 tons of bulk cement sent to Ghana by Dangote Cement Plant in Ibese.
NATIONALS of the ECOWAS sub-region at the borders were taken aback at the mere size of the products for exports and gridlock as 50 silo trucks of Dangote Group queued...
International investors eyeing Nigeria and three others – KPMG
The Chairman KPMG global Mr. Andrew Michael has said that Nigeria is one of the four countries that international investor are willing to invest in. Speaking to Journalist in Lagos...
World Energy Outlook and Potential Impact on Nigeria’s Petroleum Industry
Being a text presented by the Chairman/ Managing Director, ExxonMobil Companies in Nigeria, Mr Mark Ward, at the 10th Aret Adams Annual Lecture Series, organized by the Aret Adams Foundation....
NIGERIA: CACOL Endorses House of Reps’ Investigation
The Coalition Against Corrupt Leaders (CACOL) has censured the Nigerian National Petroleum (NNPC) and a subsidiary of the corporation, Pipeline and Products Marketing Company (PPMC) for the move to sell...
NIGERIA: NDIC pays N90.13bn to Wonder Banks’ depositors
Nigerian Depositors Insurance Corporation, NDIC, has paid about N90.13 billion to depositors in 48 Deposit Money Banks, DMBs, in liquidation, as at the end of last year. Managing Director, MD,...
NIGERIA: Dangote begins training of block makers, bricklayers
Dangote Cement PLC has commenced training of people in block industries business including bricklayers across the country so that they can mould quality products and thus stop building collapses. “Sofar...
Nigerian Breweries declares N55.6bn profit for 2012
Nigerian Breweries Plc has declared a profit of N55.6 billion for the 2012 financial year. The unaudited and provisional result released, weekend, showed that the company made a turnover of...
Nigeria loses $2.7bn to oil production decline
Nigeria is estimated to have lost about $2.7 billion or N426 billion from decline in crude oil production in the last quarter of 2012 – October to December, even as...
NIGERIA: Oil spillage, bayelsa pledges support for FG’s EIA project
Bayelsa State Government, yesterday, said it was ready to support the commencement of Environmental Impact Assessment, EIA, project of communities devastated by oil pollution in the Niger Delta region by...