Tags: cover

65% of Chinese firms in Nigeria not documented –Report

A global consulting firm, Mckinsey, says out of the 930 Chinese companies operating in Nigeria, only 317 are documented by the Chinese Ministry of Commerce. According to a new research report titled, ‘Lions on the move II: Realising the potential of Africa’s economies’, there are over 10,000 operational Chinese firms spread across the manufacturing, construction,…

Investors to build two refineries in P’Harcourt, Warri –NNPC

The Nigerian National Petroleum Corporation on Thursday said two private Nigerian companies had been selected to build two refineries in Port Harcourt and Warri under the co-location initiative of the Federal Government. The co-location initiative, introduced by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, seeks to ensure that new refineries are set…

The Nigeria Deposit Insurance Corporation (NDIC) has said the banking industry recorded a decline in the rate of successful fraud incidences and in the extent of losses in 2016 compared to 2015. Umaru Ibrahim, the NDIC’s Managing Director/Chief Executive, said this in a statement by the Head of Communication and Public Affairs of the Corporation,…