Wike announces RVSG acquisition of Shell’s OML 11
Businessam Staff
September 30, 2019
Nyesom Wike, the governor of Rivers State, has announced State Government’s acquisition of Shell Petroleum Development Company (SPDC)
Development of 40 acre creative industry park to begin with National Theatre takeover
Businessam StaffSeptember 30, 2019
The Central Bank of Nigeria (CBN) and the Bankers Committee will on Wednesday commence the implementation of the N22 billion Creative
Nigeria moves to recover 35,000bpd lost to Shell JV, Belema oil dispute
Mele Kyari, NNPC, shellSeptember 30, 2019
The Nigerian government says it is determined to continue to extract over 35,000 barrels per day of crude oil output lost to a
Nigeria’s oil revenue threatened as India shifts to alternative market
Businessam StaffSeptember 30, 2019
Nigeria is about losing one of its major oil customers, India, as the world’s third-largest oil importer has found a new market in
Cashless policy: No processing fees, tax, for cash agents says CBN
Businessam StaffSeptember 30, 2019
The Central Bank of Nigeria (CBN) has said to encourage cashless policy, agent locations would be omitted from paying processing fees
BUA vows to defend rights over decommissioning of its ports by NPA
Businessam StaffSeptember 29, 2019
By Samson Echenim Leading foods and infrastructure giant, BUA Group and owners of BUA Ports and Terminal, Port Harcourt, has said it
Africa’s power distribution problems require modern, decentralized grid
Businessam StaffSeptember 29, 2019
By Anastasia Walsh Electrification is an on-going and foundational investment, and a necessary one to realize all modern-day
Oil, shares fall on potential limit on China investments
Businessam StaffSeptember 27, 2019
Crude oil prices and a gauge of global equity markets fell on Friday after a report said the administration of U.S. president Donald
CBN announces commitment to strengthen indigenous money transfer operators
Businessam StaffSeptember 27, 2019
…as remittances to Nigeria make up 6% of GDP The Central Bank of Nigeria has said it is committed to also strengthening money
Kenya central bank approves merger of lenders NIC, CBA Group
Businessam StaffSeptember 27, 2019
Kenya’s central bank said on Friday that it had approved the merger of Commercial Bank of Africa and NIC Group, making it the second