Oil prices rise as OPEC output cuts drain stocks

By Reuters



Oil prices edged higher on Tuesday ahead of weekly U.S. inventory data on evidence the global market is tightening as lower production by OPEC and other exporters drains stocks.

Guinness receives shareholder approval for N40b rights issue

Guinness Nigeria Plc on Tuesday, January 24, 2017, received the approval of its shareholders for a proposed Rights Issue at its Extra-Ordinary General Meeting (EGM).

 The meeting which held in Lagos was attended by local shareholders and representatives of international shareholders.

2017: NIMASA to create wealth, jobs

Sequel to his promise when he took charge of the Nigerian Maritime Administration and Safety Agency (NIMASA), its Director General, Dakuku Peterside, has reiterated commitment to helping investors in the maritime industry  create wealth and job opportunities for the nation’s teeming youths.

Ahead of January 14 relaunch, MMM introduces Bitcoin as new payment

Ahead of its January 14, relaunch, popular MMM Nigeria has said it is introducing Bitcoin, the 2016 world’s best performing currency, as its means of payment.

NNPC awards 2017 crude term contracts to 18 Nigerian firms, others

The Nigerian National Petroleum Corporation (NNPC) has awarded1.31 million barrels per day (bpd) of crude oil to 39 companies as part of its 2017 crude term contracts.

Why oil will continue to rise in 2017

WTI crude oil continues its push higher this week, topping $54 a barrel at one point as traders see OPEC and cooperating non-OPEC countries like Russia making good on production output deals in the new year. But will crude keep pushing higher in 2017?


Seme Customs Command nets N1.2b

 The Nigeria Customs Service, Seme Command,

has disbursed a total of  N1.2 billion to the Federal Government as revenue in November this year (2016).

 It also recorded 99 seizures with Duty Paid Value of N82.9 million despite lull in business.

Business communities groan, blackout hits Minna

By Ummi Ismaeel,


Guinness Nigeria begins local manufacturing of spirits

The leading manufacturer and Nigeria’s only total alcohol beverage company, Guinness Nigeria Plc, has commissioned a new production line that will support the local manufacturing of some of its spirits brands in Nigeria.

Okorocha, CBN governor, others shun maiden entrepreneur fair in Minna

By Ummi Ismaeel