Most Active Articles 2013-05-23T21:58:29.640-04:00 Business Exchange Business_Exchange@businessweek.com urn:com:businessweek:bx:topic:most-active:nigerias-economy Osize Omoluabi oomoluabi171 urn:com:businessweek:bx:article:7832198095241510143-8554eeebc6100e2f976e4fb5c07fd8ba 2013-05-10T15:50:30.817-04:00

MasterCard is teaming up with the Nigerian authorities to launch identity cards that will double up as electronic payment cards. The credit card provider said it was rolling out a pilot scheme that will initially target 13m people. The project ties

MasterCard is teaming up with the Nigerian authorities to launch identity cards that will double up as electronic payment cards. The credit card provider said it was rolling out a pilot scheme that will initially target 13m people. The project ties http://www.ft.com/intl/cms/s/0/ec36e0dc-b8be-11e2-a6ae-00144feabdc0.html#axzz2SuZmMZhA Dennis Ude Atuanya datuanya486 16 16 0 0 urn:com:businessweek:bx:article:15328138029836469241-f6f551cc0647b369ce1ea00f2f7da73b 2013-05-10T16:02:34.199-04:00

Oil Minister Alison Madueke said ... that proposed changes to the oil industry are designed to increase exploration and development activities by creating a more competitive environment.

Oil Minister Alison Madueke said ... that proposed changes to the oil industry are designed to increase exploration and development activities by creating a more competitive environment. http://www.rigzone.com/news/oil_gas/a/126392/Nigeria_Oil_Bill_Could_Deter_109B_if_Investment?utm_source=DailyNewsletter&utm_medium=email&utm_term=2013-05-10&utm_content=&utm_campaign=industry_headlines_3 Dennis Ude Atuanya datuanya486 9 9 0 0 urn:com:businessweek:bx:article:17034224433014860849-63d84c4eed154edbd8383876718e3da6 2013-04-25T15:29:51.153-04:00

Royal Dutch Shell Plc sold its second cargo of North Sea Forties crude in as many days as the differential for the benchmark blend dropped to the lowest level in about two weeks.

Royal Dutch Shell Plc sold its second cargo of North Sea Forties crude in as many days as the differential for the benchmark blend dropped to the lowest level in about two weeks. http://www.bloomberg.com/news/2013-04-25/shell-sells-more-forties-crude-nigeria-june-exports-set-to-drop.html Dennis Ude Atuanya datuanya486 10 10 0 0 urn:com:businessweek:bx:article:17936880306279806205-e995be0bfc8d73e0669d6dcda9bad186 2013-04-17T17:45:16.835-04:00

Transparency International lists almost three dozen states as more corrupt. But are any of those nations as wealthy as Nigeria -- taking in $81 billion annually, just from the sale of oil? No. So Nigeria steals and squanders more money than any other nation

Transparency International lists almost three dozen states as more corrupt. But are any of those nations as wealthy as Nigeria -- taking in $81 billion annually, just from the sale of oil? No. So Nigeria steals and squanders more money than any other nation http://www.ihavenet.com/Africa/Nigeria_Squandered-Opportunity_2013-03-3002.html Constantinos Mikelis dmikelis084 21 21 0 0 urn:com:businessweek:bx:article:14626507346671475983-7e616bc9a72975f511fcae4bd3855e0f 2013-04-20T15:00:28.686-04:00

Higher commodities, increasing investment and a general pick-up in the world economy should all boost the continent's growth to more than 5%.

Higher commodities, increasing investment and a general pick-up in the world economy should all boost the continent's growth to more than 5%. http://www.nigeriainfo.fm/ph923/index.php/business/62-banking/1254-trading-on-the-nigerian-stock-exchange-opens Dennis Ude Atuanya datuanya486 12 12 0 0 urn:com:businessweek:bx:article:234464033346862531-eb03ddf177128e37718dd41286bb3e56 2013-04-18T04:56:39.459-04:00

The Supreme Court Wednesday said a centuries-old statute making international law enforceable in U.S. federal court can't be applied to actions that take place overseas

The Supreme Court Wednesday said a centuries-old statute making international law enforceable in U.S. federal court can't be applied to actions that take place overseas http://www.rigzone.com/news/oil_gas/a/125844/US_Supreme_Court_Throws_Out_Lawsuit_Against_Shell?utm_source=DailyNewsletter&utm_medium=email&utm_term=2013-04-18&utm_content=&utm_campaign=industry_headlines_1 Dennis Ude Atuanya datuanya486 6 6 0 0 urn:com:businessweek:bx:article:16620562582594640653-827cf8ff6e9d69f56405eaa9c84ee02b 2013-04-05T16:48:24.416-04:00

Nigeria’s oil industry is increasingly a tale of two cities. Behind the high walls of their compounds in Port Harcourt, the centre of production, executives from international oil companies fret about oil theft and discuss how best to sell their

Nigeria’s oil industry is increasingly a tale of two cities. Behind the high walls of their compounds in Port Harcourt, the centre of production, executives from international oil companies fret about oil theft and discuss how best to sell their http://www.ft.com/intl/cms/s/0/274a78da-9d14-11e2-88e9-00144feabdc0.html#axzz2Pcigb6Zo Dennis Ude Atuanya datuanya486 15 15 0 0 urn:com:businessweek:bx:article:2887651821297286529-33f74f78efd4ce38ccd84610438fdaa8 2013-04-12T04:55:58.180-04:00

Rising incidences of oil theft in Nigeria's oil producing Niger Delta come at a significant environmental cost, Royal Dutch Shell PLC said Thursday.

Rising incidences of oil theft in Nigeria's oil producing Niger Delta come at a significant environmental cost, Royal Dutch Shell PLC said Thursday. http://www.rigzone.com/news/article.asp?hpf=1&a_id=125696&utm_source=DailyNewsletter&utm_medium=email&utm_term=2013-04-12&utm_content=&utm_campaign=feature_4 Dennis Ude Atuanya datuanya486 10 10 0 0 urn:com:businessweek:bx:article:8408773039260398884-a01305dd5c6325d35577db4f76358810 2013-03-21T11:54:54.828-04:00

THE Nigerian Stock Exchange (NSE), Wednesday, unfo...

THE Nigerian Stock Exchange (NSE), Wednesday, unfo... http://www.ngrguardiannews.com/index.php?option=com_content&view=article&id=116816:nse-targets-1tr-market-capitalisation-by-2016&catid=31:business&Itemid=562 Dennis Ude Atuanya datuanya486 26 26 0 0 urn:com:businessweek:bx:article:3440005296946706660-ccc1d00eab49211c95e58156f6aa83d9 2013-01-31T06:53:00.339-05:00

The size of damages awarded has yet to be decided, but the ruling is an apparent victory for the oil giant. The court concluded that the oil spills weren't caused by poor maintenance by Shell's Nigerian subsidiary, but by sabotage from third parties.

The size of damages awarded has yet to be decided, but the ruling is an apparent victory for the oil giant. The court concluded that the oil spills weren't caused by poor maintenance by Shell's Nigerian subsidiary, but by sabotage from third parties. http://www.rigzone.com/news/article.asp?hpf=1&a_id=123943&utm_source=DailyNewsletter&utm_medium=email&utm_term=2013-01-31&utm_content=&utm_campaign=feature_2 Dennis Ude Atuanya datuanya486 26 26 0 0 urn:com:businessweek:bx:article:10098266830218995460-bb0111e701c2290e04b509503d790782 2013-03-20T14:39:49.790-04:00

Nigerian central bank Governor Lamido Sanusi, who rescued the banking industry from near- collapse four years ago, said he won’t renew his contract when it expires in 2014.

Nigerian central bank Governor Lamido Sanusi, who rescued the banking industry from near- collapse four years ago, said he won’t renew his contract when it expires in 2014. http://www.bloomberg.com/news/2013-03-20/nigeria-s-central-bank-governor-won-t-seek-second-term.html Dennis Ude Atuanya datuanya486 9 9 0 0 urn:com:businessweek:bx:article:2132272537774404066-503b205f564c42256f1af8ea8ef994ef 2013-04-03T09:40:19.275-04:00

The main rebel group in Nigeria’s oil-rich Niger River delta said it’s resuming assaults on Africa’s biggest petroleum industry after its suspected leader, Henry Okah, was imprisoned in South Africa.

The main rebel group in Nigeria’s oil-rich Niger River delta said it’s resuming assaults on Africa’s biggest petroleum industry after its suspected leader, Henry Okah, was imprisoned in South Africa. http://www.bloomberg.com/news/2013-04-03/nigeria-s-mend-rebels-pledge-attacks-on-oil-region.html Dennis Ude Atuanya datuanya486 6 6 0 0 urn:com:businessweek:bx:article:782362952137913902-d165054e4323d214e0c5c66137c01000 2013-01-08T14:49:23.342-05:00

Oil industry officials say Nigeria's bid to increase oil production and reserves is now at risk due to the lack of investment.

Oil industry officials say Nigeria's bid to increase oil production and reserves is now at risk due to the lack of investment. http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8008547?WT.mc_id=&WT.tsrc=Eloqua Dennis Ude Atuanya datuanya486 87 87 0 0 urn:com:businessweek:bx:article:16343464133617901664-70dca6b92224e7e47f19b0ece2724a48 2013-01-22T17:52:28.199-05:00

Nigeria's central bank has urged the government to pass the long-delayed petroleum industry bill aimed at reversing the decline in the country's oil and gas output.

Nigeria's central bank has urged the government to pass the long-delayed petroleum industry bill aimed at reversing the decline in the country's oil and gas output. http://www.argusmedia.com/News/Article?id=831324 Dennis Ude Atuanya datuanya486 40 40 0 0 urn:com:businessweek:bx:article:6791920114697080063-94202f37f4ab0a989cbd519095928c13 2013-03-21T06:55:04.586-04:00

Nigeria’s Zenith Bank is to launch an $850m listing on the London Stock Exchange as part of a plan to internationalise its investor base. The lender, which is Nigeria’s second biggest by assets and market value, is raising no fresh capital but has

Nigeria’s Zenith Bank is to launch an $850m listing on the London Stock Exchange as part of a plan to internationalise its investor base. The lender, which is Nigeria’s second biggest by assets and market value, is raising no fresh capital but has http://www.ft.com/intl/cms/s/0/f64917b2-9185-11e2-b4c9-00144feabdc0.html Dennis Ude Atuanya datuanya486 6 6 0 0 urn:com:businessweek:bx:article:12156318356203733061-d8fbf5a218393d89bd2e65d2584c5069 2012-05-25T06:16:31.981-04:00

Confirms Olokola Liquefied Natural Gas (OKLNG) as a sound project with good fundamentals capable of taking advantage of world LNG market opportunities in year 2018 but only if it proceeds rapidly to implementation stage now.

Confirms Olokola Liquefied Natural Gas (OKLNG) as a sound project with good fundamentals capable of taking advantage of world LNG market opportunities in year 2018 but only if it proceeds rapidly to implementation stage now. http://www.thenationonlineng.net/2011/index.php/business/47788-shell-global-okays-oklng.html Dennis Ude Atuanya datuanya486 4 4 0 0 urn:com:businessweek:bx:article:4360013967627330585-c3b46fbd10af6d9cc70f9073f7f69af2 2013-01-18T15:57:48.591-05:00

Decades of oil production has failed to bring jobs

Decades of oil production has failed to bring jobs http://www.theglobeandmail.com/report-on-business/international-business/african-and-mideast-business/as-oil-bunkering-rises-in-nigeria-thieves-say-they-have-no-choice/article7435665/ Dennis Ude Atuanya datuanya486 20 20 0 0 urn:com:businessweek:bx:article:3870763063704323440-a1d8fd685dc2433bd7de7ac0e8ebd3f4 2012-07-17T04:31:18.626-04:00

The Federal Government has asked Shell Nigeria Exploration and Production Company (SNEPCO) to pay $5 billion for the oil spill that occurred in its Bonga oil field in December last year.

The Federal Government has asked Shell Nigeria Exploration and Production Company (SNEPCO) to pay $5 billion for the oil spill that occurred in its Bonga oil field in December last year. http://www.thenationonlineng.net/2011/index.php/business/54144-fed-govt-fines-shell-5b-for-bonga-oil-spill.html Dennis Ude Atuanya datuanya486 6 6 0 0 urn:com:businessweek:bx:article:6204081932662119920-bb1070ade4b82f9e4eb43d1d0e20572d 2013-01-08T14:01:04.904-05:00

Transocean's Sedneth 701 will be assigned to Allied to drill the Oyo well No. 7 between April and August of 2013.

Transocean's Sedneth 701 will be assigned to Allied to drill the Oyo well No. 7 between April and August of 2013. https://www.rigzone.com/news/oil_gas/a/123253/Allied_Energy_Transocean_Ink_Deal_for_Nigerian_Drilling Dennis Ude Atuanya datuanya486 11 11 0 0 urn:com:businessweek:bx:article:6935391323498133116-8673b2f8c65962dce18f9022832dd0ee 2012-09-13T04:14:23.666-04:00

Nigeria had signed a deal to borrow $600m from China’s Export-Import Bank, most of which would be used to build a railway servicing the capital Abuja and surrounding areas, the finance ministry said on Wednesday. The loan was agreed at 2.5 per cent

Nigeria had signed a deal to borrow $600m from China’s Export-Import Bank, most of which would be used to build a railway servicing the capital Abuja and surrounding areas, the finance ministry said on Wednesday. The loan was agreed at 2.5 per cent http://www.ft.com/intl/cms/s/0/40f9771c-fd06-11e1-a4f2-00144feabdc0.html#axzz26Kqn6n00 Dennis Ude Atuanya datuanya486 98 98 0 0 urn:com:businessweek:bx:article:3350831197667998760-4a0174433259df8fae3c484a675044ab 2012-04-29T06:26:08.383-04:00

To procure equipment

To procure equipment http://tribune.com.ng/index.php/news/40010-fg-approves-400m-to-end-gas-flaring Dennis Ude Atuanya datuanya486 8 8 0 0 urn:com:businessweek:bx:article:17022513231141917622-ca3191b6bce1c89efb9f03d14c8b0968 2012-07-02T08:50:39.147-04:00

The US are facing a glut of sweet light crudes, causing some July cargoes of Nigerian crude to remain unsold.

The US are facing a glut of sweet light crudes, causing some July cargoes of Nigerian crude to remain unsold. http://www.cges.co.uk/resources/articles/2012/07/02/gulf-coast-refiners-scaling-back-imports-of-west-african-crude Dennis Ude Atuanya datuanya486 5 5 0 0 urn:com:businessweek:bx:article:2251135309714600941-5c8b6747bbca3fc29fc68828c2382eff 2012-11-29T08:20:42.754-05:00

Presidency ‘helpless’ as contractors frustrate scheme

Presidency ‘helpless’ as contractors frustrate scheme http://www.ngrguardiannews.com/index.php?option=com_content&view=article&id=106194:fresh-trouble-for-electricity-reforms-&catid=1:national&Itemid=559 Dennis Ude Atuanya datuanya486 21 21 0 0 urn:com:businessweek:bx:article:4012619894984145413-b0e3738b9565512cbee3a893c9ba90a9 2012-03-07T16:16:48.608-05:00

The gross federally-collected revenue rose by 28.8 per cent to N989.74 billion as at November 2011, compared with the N705 billion it was the previous month, a report from the Central Bank of Nigeria (CBN), has shown.

The gross federally-collected revenue rose by 28.8 per cent to N989.74 billion as at November 2011, compared with the N705 billion it was the previous month, a report from the Central Bank of Nigeria (CBN), has shown. http://www.thisdaylive.com/articles/cbn-fg-s-revenue-increases-by-29-/110879/ Dennis Ude Atuanya datuanya486 24 24 0 0 urn:com:businessweek:bx:article:11155767846435019097-750ffe869e1d186740e1b206b775e642 2012-07-01T10:08:35.164-04:00

The Monetary Policy Rate (MPR) stands at 12% YtD, with interest rate corridor of +/- 200 basis points, cash reserve ratio at 8 percent

The Monetary Policy Rate (MPR) stands at 12% YtD, with interest rate corridor of +/- 200 basis points, cash reserve ratio at 8 percent http://www.thisdaylive.com/articles/tight-liquidity-conditions-take-toll-on-fixed-term-deposits/119088/ Dennis Ude Atuanya datuanya486 10 10 0 0