Asian refining margins tumble

Asian refining margins have tumbled more than 50% since mid-July on anticipation of plummeting demand for high sulfur fuel oil (HSFO)....

Electricity tariff increase done – NERC

The Nigerian Electricity Regulatory Commission (NERC) said the planned increase in tariff was done through consultation with Electricity Distribution Companies...

Nigeria to recover N614bn outstanding debt from states

The Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed says the Federal Government has resolved to recover N614 billion loan...

Nigeria’s economic showing significant growth

The National Economic Council (NEC) says Nigeria’s macro-economic environment has shown significant growth stability since it came out...

CIN warns banks against transactions with Korea, Iran

The Compliance Institute, Nigeria (CIN) has advised banks in the country against doing business with countries like North Korea and Iran that....

Ship owners move to create jobs, boost economy

President of Shipowners Association of Nigeria (SOAN), Dr Mkgeorge Onyung, says the Shipping Expo exhibition will create more....

NIPC, SMEDAN link MSMEs with larger coys

The Nigerian Investment Promotion Commission (NIPC), has said that its Micro, Small and Medium Enterprises (MSMEs) “Market Linkage” initiative was designed to..

German firms call for dialogue to end stand-off in Hong Kong

The head of a group of leading German companies doing business in Asia has called for peaceful dialogue

Traders decry multiple taxation

raders in Ogbette Main Market, Enugu in South East Nigeria, have expressed disaffection with the...

Minister pledges commitment to power sector

he Minister of Power, Mr Sale Mamman has expressed his commitment toward addressing the challenges in the power sector in Nigeria...

Coworking firm raises $80 million

Industrious, one of the largest U.S. coworking rivals of “We Company’s WeWork”, said on Thursday it raised $80 million...

Kloeckner’s shares soars

Shares in Kloeckner & Co (KCOGn.DE) soared in early trade on Friday after a newspaper said Thyssenkrupp (TKAG.DE) was in talks to buy the metals...

DHL stops delivery of food for Amazon in Germany

Deutsche Post DHL (DPWGn.DE) will no longer deliver fresh food in Germany for Amazon (AMZN.O) as the market for food e-commerce...

Bank moves to assist Nigerians abroad to own homes

The Federal Mortgage Bank of Nigeria (FMBN) is developing a Diaspora mortgage housing scheme to assist Nigerians living abroad to own homes in Nigeria...

Nigeria moves to attract foreign investment

The Minister of Industry, Trade and Investment, Mr Adeniyi Adebayo says the ministry will attract Foreign Direct Investments (FDIs) into Nigeria by...

Zimbabwe breaks record in tobacco production

Zimbabwe’s 2019 tobacco output has surpassed 2018 record-breaking output of 252 million kilograms, according to statistics from the Tobacco Industry and Marketing Board (TIMB).

Market operators urge ministers to hit ground running

Some capital market operators on Thursday said there was the need for the new ministers to commence work without delay to revive the nation’s economy to avoid another round of recession.

Nigeria issues N59b bonds

Nigeria’s Debt Management Office (DMO) has issued N59.53 billion Federal Government bonds for the three tenors it offered to various investors who subscribed at the auction.

Mozambique keys into Afreximbank

The Mozambican government has authorized Minister of Economy and Finance, Adriano Maleiane, to sign the country’s accession to the African Import and Export Bank (Afreximbank).

Board provides fund for modular refineries

The Nigerian Content Development and Monitoring Board (NCDMB) is providing equity investment for the establishment of two modular refineries in Imo and Bayelsa states.


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Asian refining margins tumble

Asian refining margins have tumbled more than 50% since mid-July on anticipation of plummeting demand for high sulfur fuel oil (HSFO)....


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