Naija Advertiser - Business

Nigeria slams BA, Virgin

Naija Advertiser — Fri, 18 Nov 2011 13:27:19 +0000

Nigerian airport officials have fined British Airways $135-million and Virgin Atlantic $100-million amid a dispute over ticket prices, the country's civil aviation authority said on Thursday.

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Cassava flour for bread

Naija Advertiser — Fri, 18 Nov 2011 13:25:20 +0000

Nigeria to save US$ 2.1 billion, using cassava flour for bread - Nigeria's Agriculture Minister Akinwumi Adeshina, said if bakers adopt 50 per cent cassava flour inclusion in bread bakery, the country, which is the world's largest producer of cassava, would save more than 315 billion naira (about US$ 2.1 billion) annually.

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Nigeria rakes in 65b naira from sovereign bonds’ sale

Naija Advertiser — Fri, 18 Nov 2011 13:24:55 +0000

Nigeria has realised 65 billion naira from its sale of 10-year sovereign bonds, at yields 150 basis points lower than its previous auction in October, according to a statement from Debt Management Office (DMO).

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Yet Another Report Lambasts Shell Nigeria

Naija Advertiser — Wed, 16 Nov 2011 09:47:00 +0000

We help to meet the world's growing energy needs in economically, environmentally and socially responsible ways, claims the oil giant Shell on its website.

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How govts are killing local industries

Naija Advertiser — Wed, 26 Oct 2011 15:22:31 +0000

The Kaduna state government has expended over N200 million for the purchase of 34 Toyota Camry cars for the 34 members of the State House of Assembly representing the 23 local government areas of the state, investigations by the Peoples Daily have revealed.

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FG’s Fertiliser Subsidy Is Fraudulent – Sanusi

Naija Advertiser — Tue, 25 Oct 2011 10:33:24 +0000

THE Central Bank of Nigeria (CBN) governor, Mallam Lamido Sanusi, on Monday, said the subsidy on fertilisers to Nigerian farmers by the Federal Government is a fraud, saying that only about 11 per cent of the subsidised fertilisers get to the farmers.

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Heineken acquires additional brewery capacity in Nigeria

Naija Advertiser — Wed, 12 Jan 2011 09:40:00 +0000

Heineken N.V. today announced that it has strengthened its platform for growth in Nigeria via the acquisition of two holding companies from the Sona Group. The two acquired businesses have controlling interests in each of the Sona, IBBI, Benue, Life and Champion breweries in Nigeria.

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Japan to buy bonds to help Europe through debt crisis

Naija Advertiser — Wed, 12 Jan 2011 09:37:56 +0000

Japanese Finance Minister Yoshihiko Noda said Tuesday that the government would purchase eurozone bonds to help the region as it struggles with a debt crisis among some of its members.

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Gazprom in Nigeria Delay?

Naija Advertiser — Fri, 19 Nov 2010 18:12:29 +0000

Gazprom said it may delay plans to invest billions of dollars in Nigeria until after an oil bill is passed and general elections are held next year.

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South Africa aims to create 5 million jobs over next decade

Naija Advertiser — Tue, 26 Oct 2010 21:35:09 +0000

South Africa's government announced plans Tuesday to create 5 million jobs over the next decade, as new unemployment figures showed the jobless rate continuing to climb above 25 per cent.

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Nigeria to privatize telephone company

Naija Advertiser — Wed, 13 Oct 2010 15:19:44 +0000

Nigeria has ordered the New Generation Telecommunications Consortium to pay a bid security of 750 million U.S. dollars as a precondition for acquiring Nigerian Telecommunications Limited (NITEL) and M-TEL.

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Zain Nigeria launches SME package

Naija Advertiser — Wed, 13 Oct 2010 15:19:11 +0000

Zain Nigeria has announced the launch of a small and medium enterprises' package.

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Poor power supply affecting small businesses in Nigeria

Naija Advertiser — Thu, 23 Sep 2010 12:13:37 +0000

Some youths operating small business outfits in Nigeria's commercial capital of Lagos in the southwest say power supply remains a major challenge to their efforts to sustain their businesses.

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Siemens to build 434MW Geregu II gas-fired power plant in Nigeria

Naija Advertiser — Tue, 07 Sep 2010 21:03:18 +0000

Siemens Energy has received an order worth approximately €230m from Nigerian utility Niger Delta Power to construct the 434MW Geregu II gas-fired power plant in Ajaokuta, Nigeria.

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Three Nigerian refineries planned for building

Naija Advertiser — Sun, 18 Jul 2010 16:25:06 +0000

There has been progress in the construction of one of three new Nigerian oil refineries.

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D8 Commission establishes Preferential Trade Agreement

Naija Advertiser — Tue, 06 Jul 2010 13:51:17 +0000

The D8 Commission on Monday in Abuja established a Preferential Trade Agreement (PTA) to facilitate the improvement of investment and economic cooperation among member states.

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OPEC oil price dips below 70 dollars

Naija Advertiser — Tue, 06 Jul 2010 13:47:59 +0000

The oil price of the Organization of the Petroleum Exporting Countries (OPEC) dropped 0.85 dollars at the end of last week and slid below the 70-dollar mark, the group said Monday.

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Secretary Napolitano to Visit Nigeria

Naija Advertiser — Fri, 09 Apr 2010 18:16:00 +0000

“Department of Homeland Security Secretary Janet Napolitano will travel to Abuja, Nigeria, on April 11 at the invitation of the Nigerian government to meet with her African counterparts and officials from the International Civil Aviation Organization (ICAO) to discuss ways to bolster global aviation security.

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Nigeria cabinet dissolved

Naija Advertiser — Thu, 18 Mar 2010 12:49:00 +0000

Goodluck Jonathan, Nigeria's acting president, has dissolved the country's cabinet, just a month after assuming executive powers.

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Clashes in Nigeria kill hundreds

Naija Advertiser — Mon, 08 Mar 2010 06:07:00 +0000

According to witness and media reports, at least two hundred people in Nigeria have been killed after pastoralists and villagers near the city of Jos, which has been the source of repeated tension between Christians and Muslims.

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