SHELL Petroleum Development Company of Nigeria, SPDC, Thursday, lifted force majeure on Bonny Light exports, thus signalling the official export of the crude oil grade from Nigeria. The force majeure was placed to protect the company against any liability from importers in different parts of the world after the destruction of its Nembe Creek Trunk pipeline.

Africa must double its spending on infrastructure over the coming years, the Infrastructure Consortium for Africa (ICA) said on Thursday, warning that overall investment in transport, energy, water and IT/communications fell back last year.

THERE is strong indication that after cement, Nigeria’s steel industry is the next sector to watch as African Industries Group, the largest steel manufacturer in the country, has started exporting the product to Morocco, Egypt and Ghana.

THE Central Bank of Nigeria, CBN, has disclosed that the availability of credit to the corporate and households sectors increased during the third quarter (Q3) of 2017, while projecting further increase in the last quarter of the year (Q4).

Over regulation of tobacco industry will deprive manufacturers of their social responsibilities to society, such as funding cancer research in health institutions, smoking cessation programmes and others.