Quantcast
Channel: The Punch - Nigeria's Most Widely Read Newspaper »» Business
Browsing all 13057 articles
Browse latest View live

Oil production drops by 150,000 barrels …as Shell shuts Trans Niger Pipeline

Nigeria faces a serious credit crunch in the months ahead as crude oil production has dropped further by 150,000 barrels per day due to continuing theft and vandalism of crude pipelines. The Shell...

View Article


FG grounds Kenyan aircraft at Lagos airport

The Federal Government on Thursday confirmed that it grounded a Kenyan aircraft that brought in three Nigerian deportees to the Murtala Muhammed International Airport, Lagos for non-adherence to...

View Article


Broadband: FG targets 60,000 base stations by 2018

The Federal Government has said it will encourage service providers to increase the number of telecommunications base stations in the country from the present 27,000 to 60,000 to meet the national...

View Article

Jonathan approves new heads for DPR, Shippers Council

President Goodluck Jonathan on Thursday approved the appointment of Mr. George Osahon as the new Director of the Department of Petroleum Resources. Jonathan  also  approved the appointment of Mr....

View Article

‘Presidency has no excuse for not implementing budget’

The Chairman, House of Representatives Committee on Appropriation, Mr. John Owan-Enoh, has said the delay in amending certain clauses in the 2013 Appropriation Act as demanded by the Presidency is not...

View Article


FG to strengthen microfinance banks

Nigerian Deposit Insurance Company on Thursday said that the Federal Government had concluded plans to address the challenges facing the microfinance banks. Managing Director and Chief Executive...

View Article

Custodian and Allied Insurance restructures

Following regulatory and legal approvals of the business combination between Custodian and Allied Insurance Plc and Crusader Nigeria Plc, the merged entity known as Custodian and Allied Plc, has...

View Article

LASACO deploys ICT for online services

LASACO Assurance Plc has said it is making the insuring public to have easy access to insurance policies through the effective deployment of world-class Information and Communications Technology...

View Article


Policemen with accounting background redeployed to pay offices

The Inspector-General of Police,  Mr. Mohammed Abubakar, has ordered the posting of police personnel with financial and accounting background to man police pay offices nationwide. Abubakar gave the...

View Article


Fashola, Lemo, others to appraise cash-less policy

Governor of Lagos State, Mr. Babatunde Fashola and the Deputy Governor, Operations of the Central Bank of Nigeria, Mr. Tunde Lemo have been selected among the stakeholders in the payment system to...

View Article

Russia’s VTB seeks co-investor for Tele2

Russian state-controlled bank VTB said on Thursday it wanted to sell part of its stake in Tele2 Russia to help develop the country’s fourth-largest mobile phone company, but would not consider...

View Article

SPDC to invest $3.9bn in TNPL, Gbaran-Ubie

The Shell Petroleum Development Company of Nigeria Ltd has concluded plans to invest $3.9bn on  the Trans Niger Pipeline loop-line and the Gbaran-Ubie Phase Two projects. The operator of the Nigerian...

View Article

Tribunal orders Mobil to pay $83.4m education tax to FIRS

The Tax Appeal Tribunal, Lagos Zone, on Friday ordered Mobil Producing Nigeria Unlimited to pay $83.4m (N13bn) education tax to the Federal Inland Revenue Service. The News Agency of Nigeria reports...

View Article


FCTA to build 14 rail stations

Preparatory to the inauguration of the Abuja Rail Project, the FCT Administration will soon perform the ground breaking for 14 rail stations across the Federal Capital Territory and some satellite...

View Article

We’ll ensure judicious use of housing loan – OGSG

When released, the N2bn housing loan which the Ogun State Government intends to access from the Federal Mortgage Bank will be used to build affordable housing units of various sizes across the three...

View Article


Union Bank adopts initiatives to drive growth

Union Bank of Nigeria Plc has said that it will adopt sustainable strategies aimed at driving the growth of the business in the coming years. A statement by the bank on Friday, said that the bank was...

View Article

Britain’s FTSE hits five-month low

Britain’s top shares slid to five-month lows on Thursday after the United States Federal Reserve said it planned to slow its stimulus programme later this year. Reuters reports that the FTSE 100 index...

View Article


Share prices in see-saw back to losses

United States and European share markets have returned to losses, but at a shallower rate than those seen on Thursday. Shares in the UK, France and Germany slumped in late trading after Wall Street...

View Article

NSE fines Julius Berger, Costain, others for defaulting

The Nigerian Stock Exchange has imposed a fine of N14.8m on Julius Berger Nigeria Plc, Costain (West Africa) Plc and six other quoted companies for various infractions. The information obtained by our...

View Article

How technology is making us lose the human touch

As I sat in front of my laptop, trying so hard to knit this article together, it just occurred to me how much my life has been virtually wired around the Internet, the World Wide Web, Information...

View Article
Browsing all 13057 articles
Browse latest View live