Business


Promasidor

Promasidor Plans Over N8b Expansion

Promasidor Plans Over N8bn Expansion Promasidor Nigeria Limited, has concluded arrangements with the International Finance Corporation (IFC), to inject about $25 million (over N8billion) into…



AFDB

AfDB to Lend Nigeria $4.1bn

The African Development Bank is working on giving Nigeria loan facilities of $4.1bn between now and next year for critical sectors of the economy. The…



Pumping units, also known as "nodding donkey's" or pumping jacks, stand silhouetted against the sun at an oil plant operated by Moravske Naftove Doly (MND) AS in Damborice, Czech Republic, on Friday, Jan. 8, 2016. Photographer: Martin Divisek/Bloomberg

Oil Prices Tumble on OPEC Skepticism

Oil futures fell sharply Friday, posting their biggest daily loss in two months on skepticism that the world’s largest exporters can cooperate and ease a…




NNPC

NNPC Pledges to Promote Gas Development

The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, has said the corporation will ensure the maximisation of the nation’s vast…