Nigeria’s Innoson now makes fighter jet parts.
Nigeria’s first car maker takes to the skies in fighter jets
The grinding conflict between the Nigerian state and Boko Haram insurgents has exacted a devastating human and economic toll over the past six years . . .
Continue reading “innoson begins production of Alpha jet parts in Nigeria”
Africa’s richest man and Nigerian-born industrialist and business mogul, Aliko Dangote, (photo: above) has made a Bid for automaker Peugeot Automobile Nigeria Limited (PAN) – based in the city of Kaduna, Kaduna state in Northern Nigeria . . .
Continue reading “Aliko Dangote Bids For Automaker Peugeot Nigeria”
The Nigerian National Petroleum Corporation (NNPC) has announced new appointments, redeployment and secondments into key positions in the oil corporation . . .
Continue reading “Nigeria’s national oil corporation appoints new bosses”
Transactions on the Nigerian Stock Exchange (NSE) closed on Friday on a bullish note with market capitalisation appreciating marginally by N22 billion or 0.25 per cent . . .
Continue reading “Nigerian Stock Exchange Market Capitalisation Rises By N22bn”
The South African telecoms giant, Mobile Telecommunication Network (MTN), has proposed a slash of the $5.2billion fine imposed on it by Nigerian authorities to $1.5 billion . . .
Continue reading “MTN Nigeria Offers To Settle Row With $1.5bn”
NUPENG & PENGASSAN Begin Indefinite Strike
Nigeria’s oil workers on Wednesday started a nationwide industrial action against the federal government’s restructuring of the Nigerian National Petroleum Corporation (NNPC) . . .
Continue reading “Nigerian Oil Workers Embark on Strike over Restructuring of Nation’s Oil Corporation”
Oil Prices Hit 2016 High, Rise Above $40/bl
The price of Brent crude monday rose for the sixth consecutive trading day in a row, hitting a 2016 peak of over $40 a barrel, as buyers were encouraged by talk that the Organisation of Petroleum Exporting Countries (OPEC) was targeting a higher anchor price after a sell-off that has lasted nearly two years . . .
Continue reading “Brent Crude rises to $40/barrel as OPEC targets higher price”
We’ll Start Selling Forex To CBN By 2020 – Dangote
President of Dangote Group, Aliko Dangote, has projected that his conglomerate whould be selling foreign exchange to the Central Bank of Nigeria (CBN) by year 2020 . . .
Continue reading “Dangote Group to sell Forex to CBN by 2020”
German luxury carmaker, Bayerische Motoren Werke AG (BMW) will throw a lavish 100th birthday party on Monday, looking back at its often troubled history and forward as it seeks to adapt to the age of “personal mobility” . . .
Continue reading “BMW celebrates 100th anniversary”
Photo: The Peugeot Automobile Nigeria (PAN) Assembly Plant in Kaduna
Governor Nasir El-Rufai of Kaduna says the state has concluded plans to acquire the majority shares of the comatose Peugeot Automobile of Nigeria (PAN) Kaduna . . .
Continue reading “Kaduna state govt. to acquire Peugeot assembly plant”