Monday, November 12, 2018

Business

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Minister of Finance Kemi Adeosun yesterday said high level corruption was endemic in Nigeria because it was too easy for people to loot public funds. He said the Federal Government was working to block avenues for looting and make it...
ABERDEEN-based Eland Oil and Gas has seen losses triple after facing security challenges on its licence in Nigeria during what it called a very difficult year. The Aim-listed company lost $31.4million before tax in the year to 31 December compared...
The Acting President, Prof. Yemi Osinbajo, on Thursday, assured investors that the country would come out of the economic recession stronger and bigger with its Economic Recovery and Growth Plan (ERGP) policy. The acting president gave the assurance at the...
Shareholders of Union Bank of Nigeria (UBN) Plc have applauded the bank’s improved performance and corporate governance policy, stressing the need for the bank to create more innovative products that would attract depositors and boost its customer...
Zambia’s president Edgar Lungu has called for an out of court settlement with First Quantum Minerals, which is being sued for $1.4 billion by a state-owned firm, the presidency said on Thursday. First Quantum asked a Zambian court...
As the fate of the Petroleum Industry Bill (PIB) remained uncertain, stakeholders in the country’s oil and gas sector, have described the delay as an embarrassment to the country. They believed that if Ghana, which took clue from...
Eni's Nigerian subsidiary Agip is planning to build a 150,000-barrel per day refinery in the Niger Delta. An agreement was signed by the federal government and Nigerian Agip Oil Company (NAOC) for the project. A meeting between Agip officials and acting President Yemi...
Nigerian workers at U.S. oil major Exxon Mobil Corp have gone on strike in protest over the sacking of workers, oil labour union officials said on Thursday. A spokesman for Exxon Mobil said by mail there were "no impacts" on...