April 2018

OPAC Refinery to Start Operation in Third Quarter

A modular refinery, currently under construction in Kwale, Delta State, is expected to come on stream in the third quarter of this year. The refinery, which is being promoted by Pillar Oil Limited, Omsa Limited and Astek Limited, will process...

FBN Holdings Grows Full Year Profit After Tax by 179%

FBN Holdings Plc wednesday announced its results for the full year ended December 31, 2017, showing a growth of 179 per cent in profit after tax (PAT) to N47.8 billion, up from N17.1 billion in 2016. In the audited results,...

Dangote Cement Posts $199M Q1 ’18 PAT

Dangote Cement Plc has posted 29.09 percent increase in profit after tax for the first quarter ended March 31, 2018. The company’s financials released on the floor of the Nigerian Stock Exchange (NSE) indicated that the group posted profit after...

Ease of Doing Business: Government’s Action Plan Achieves 68% Success Rate

The National Action Plan 3.0 (NAP 3.0) by the federal government aimed at improving the business climate in the country through its ease of doing business initiative has achieved a 68 percent success rate. NAP 3.0, the third in the...

Modular Refineries: Government Grants 38 Entrepreneurs Operating Licences

The Federal Government of Nigeria today stated that it has granted Operating licences for the establishment of modular refineries ranging from between 50,000 to 250,000 barrels in the Niger Delta to thirty eight entrepreneurs in the Country. The Senior Technical...

Nigeria, Jamaica to Firm Up Bilateral Relations

Both Jamaica and Nigeria are seeking to strengthen their relationship, through trade, air services and culture. Newly appointed Nigerian High Commissioner to Jamaica, Janet Omoleegho Olisa, told JIS News that the two countries are finalizing a bilateral agreement. “What we...

Lagos State Governor at US Business Parley, Woos Investors to Lagos

Governor Akinwunmi Ambode of Lagos State has invited international companies to invest in the state, predicting that the state will become the investment destination of choice in West Africa. In his keynote message to members of Business Council for International...