China offshore oil coy to invest $3bn in Nigeria

The China National Offshore Oil Corporation (CNOOC) is to invest an additional three billion dollars in its existing stakes in offshore oil and gas operations in Nigeria. Offshore drilling of crude in Nigeria Mr Ndu Ughamadu, the Nigeria National Petroleum Corporation (NNPC) spokesman said this in a statement on Sunday in Abuja. Ughamadu said Mr Yuan More...

by Uchenna Ajah | Published 7 days ago
By Uchenna Ajah On Sunday, July 15th, 2018
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Ecobank risk assets deteriorate as Kie bows out

By FELIX OLOYEDE Charles Kie, Ecobank Bank, immediate past MD The exit of Ecobank Nigeria’s erstwhile Managing Director, Charles Kie, has raised a groundswell of speculation in the financial community as sector More...

By Uchenna Ajah On Sunday, July 15th, 2018
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MTN to miss market listing target

By OKEY ONYENWEAKU A weak domestic economy in Nigeria may force telecommunications giant MTN to shift its earlier proposed August 2018 date for a local listing on the Nigerian Stock Exchange (NSE). Analysts believe More...

By Uchenna Ajah On Saturday, July 14th, 2018
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President Muhammadu Buhari said on Wednesday that Nigeria will soon sign up to a $3 trillion African free-trade agreement. Nigeria is one of Africa’s two largest economies, the other being South Africa. Buhari’s More...

By Uchenna Ajah On Friday, July 13th, 2018
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GTBank Launches Social Impact Challenge, Aims to Fund Community Development Projects Nationwide

Following more than two decades of consistent investment in community development, Guaranty Trust Bank plc is taking its Corporate Social Responsibility (CSR) another step further by launching a Social Impact Challenge More...

By Uchenna Ajah On Thursday, July 12th, 2018
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Buhari’s NLNG signature project back on track

President Muhammadu Buhari has congratulated the board, management, staff and shareholders of the Nigerian Liquefied Natural Gas company (NLNG), the NNPC and other Joint Venture partners, Shell, Total and AGIP on More...

By Uchenna Ajah On Thursday, July 12th, 2018
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NCC wades into MTN’s labour issues

The Nigerian Communications Commission (NCC) on Monday said the organisation has opened talks with critical stakeholders on MTN’s labour issues. NCC intervenes in MTN vs Labour crisis Mr Tony Ojobo, NCC’s Director More...

By Felix OLOYEDE On Wednesday, July 11th, 2018
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Weak purchasing power responsible for slowing inflation rate, says Chukwu

FELIX OLOYEDE The continuous decelerating inflation rate in the country was largely due to weak purchasing power amongst Nigerians, said Johnson Chukwu, Managing Director, Cowry Asset Management Ltd. Speaking on More...

By Uchenna Ajah On Monday, July 9th, 2018
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Banks brace up to Renmibi-Naira swap

By FELIX OLOYEDE Commercial lenders in the country are wrapping up preparations for the commencement of Renmibi-Naira currency swap arrangement tidied up by the Central Bank of Nigeria (CBN) in the second quarter More...