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GS Caltex has become the first South Korean company to import US crude oil in 41 years, the company said Monday. Korea’s

Godwin Isenyo, Kaduna Gunmen on Sunday in Kaduna, the Kaduna State capital, abducted a former Minister of Foreign Affairs, Ambassador Bagudu Hirse, in front of the residence of a relation of President Muhammadu Buhari. The incident took place in front of Alhaji Mamman Daura’s residence on Inuwa Wada area at ...

Okechukwu Nnodim, Abuja Nigeria is saving about $2bn annually as a result of the local production of cement by different manufacturers, the Dangote Group has stated. It also stated that the upsurge in cement production had helped increase the manufacturing sector’s contribution to Nigeria’s Gross Domestic Product from about four ...

Oyetunji Abioye with agency report The Federal Government has proposed an amendment to the Foreign-Exchange Act to enable the imprisonment of anyone who holds foreign currencies, especially the dollar, for more than 30 days. This is the latest measure the government and the Central Bank of Nigeria are considering to ...

Southwest governors will meet today in Ibadan, the Oyo State capital, on the economic development of the region, it was learnt last night. Expected are Governors Akinwunmi Ambode (Lagos), Abiola Ajimobi (Oyo), Rauf Aregbesola (Osun), Olusegun Mimiko (Ondo), Ayodele Fayose (Ekiti) and Ibikunle Amosun (Ogun). They are to discuss how ...

Institutional and individual major investors are selling their shareholdings  to cushion the effects of the  recession and cash crunch The Nation has learnt. Transactional documents on recent major sales showed that many institutional investors are increasingly turning to the stock market to source for funds through secondary shares sale to ...

Embattled former leader of the Movement for the Emancipation of the Niger Delta Chief Government Ekpemupolo has disavowed threats to attack oil facilities in the Niger Delta. Some groups recently vowed to resume attacks on oil facilities, unless the EFCC drops fraud  charges against Tompolo. But Tompolo not only dissociated ...

…gunmen abduct ex-minister of state, Hirse Former Minister of Foreign Affairs, Ambassador Bagudu Hirse, was yesterday abducted in Kaduna. According to an eyewitness, the incident happened in front of the residence of Alhaji Mamman Daura on Inuwa Wada Road, Unguwar Rimi  GRA, Kaduna. Our correspondent learnt that, President Muhammadu Buhari’s ...

Ancrer les mécanismes de gouvernance locale, élargir l’assiette fiscale et garantir l’autonomie fiscale sont, de l’avis des experts, les principales conditions à assurer pour permettre aux communes de jouer un rôle dans le développement économique. Pour Ahmed Bouguermouh, enseignant et spécialiste du développement local, le lancement  d’un véritable Développement local ...

MADRID, 21 (EUROPA PRESS) FacePhi ha firmado con la Comisión Europea el contrato para el desarrollo y la implantación del proyecto FACCESS por un importe cercado a los 1,7 millones de euros, según ha informado este lunes la compañía al Mercado Alternativo Bursátil (MAB).