United States’ authorities are investigating China Petroleum & Chemical Corporation over allegations that the state-controlled oil producer paid Nigerian officials about $100…
Business News Report
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Fitch Ratings Agency has affirmed Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B+’ with a Negative Outlook. According to a statement…
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OPEC oil output dropped lower in July, as renewed unrest cut supplies in Libya and other members stepped up compliance with a…
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Managing Director, Nigeria Deposit Insurance Corporation (NDIC) Alhaji Umaru Ibrahim, has urged the Federal Government to pay more attention to issues of…
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American billionaire Warren Buffett’s Berkshire Hathaway group has officially become the top shareholder in Bank of America after exercising its right to…
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Federal Executive Council has approved the construction of Mambilla $5.8 billion hydroelectric power plant by a Chinese firm, China Civil Engineering Construction…
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BusinessFinanceNews
Insurers see more demand from banks for cover against cyber attacks, rogue staff
Banks are increasingly turning to insurance to protect their capital from “operational risks” like cyber attacks and rogue traders, and insurers say…
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At the close of trading at the Nigerian Stock Market, the prices of shares traded in the market lost value for the…
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The Kaduna State Government is working with a telecom company to mount 40 masts across the state to improve telecom services in…
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Access Bank managing Director Herbert Wigwe has said the bank has made a loan loss provision of N4 billion on its loan…
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Germany’s Allianz Insurance plans to acquire majority stake in Ensure Insurance to pave for for it to gain access to the Nigerian…
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Vice President Yemi Osinbajo has flagged off rehabilitated Edo Fertiliser Plant in Auchi, Etsako West Local Government which was built 14 years…
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The Federal Government is said to be owing the Niger Delta Development Commission (NDDC) the sum of N1.8 trillion since its inception…
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The Federal Government said it has signed agreement with Greenville Energy and the Nigerian National Petroleum Corporation/Total Exploration and Production Nigeria, TEPNG, Joint…
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Federal and state governments in the country are partnering to initiate and improve Doing Business reforms in the country. State governments in particular…