Business News

Chevron finally hands over producing assets to Seplat

January 29. 2016/TheCable Chevron Nigeria Limited has formally handed over the producing assets in OMLs 53 and 55 to Seplat Petroleum Development Company Plc following a supreme court judgement. Officials of Seplat and Belemaoil Producing Limited (Belemaoil) attended the handover ceremony which took place at the Lagos headquarters of Chevron […]

Economy Downturn: MAN Criticises FG’s Fiscal Policies

By Our Correspondent The umbrella body of manufacturers in the country, the Manufacturers Association of Nigeria, MAN says the planned increase in Value added Tax, VAT and introduction of Stamp Duty on Bank transactions from N1000 and above would further erode the purchasing power of Nigerians and increase the plight […]

Shell shareholders approve $50 billion BG takeover

January 26. 2016/Reuters THE HAGUE/ By Karolin Schaps Royal Dutch Shell (RDSa.L) shareholders approved its $50 billion takeover of BG Group (BG.L) on Wednesday, clearing the last main hurdle to creating the biggest liquefied natural gas (LNG) trader in the world. BG shareholders are also expected to approve one of […]