Why naira is appreciating – CBN

The Central Bank of Nigeria (CBN) has said that right policy decision were the reasons for…

FG saves 72% cost in deep offshore rig-rate — NNPC

The Nigerian National Petroleum Corporation, NNPC, has successfully renegotiated the cost of its deep offshore rig-rate…

OPEC, non-OPEC countries cut output to boost prices

The Organisation of the Petroleum Exporting Countries, OPEC, and non-OPEC countries have implemented 86 per cent…

‘Naira speculators to lose billions to new FX policy’

Currency speculators are in for a bad season as they stand to lose billions of Naira…

Landlord families shut down Agip’s oil wells

The ONELGA Oil and Gas landlords Families in ONELGA in Rivers State have shut down 37…

Requirements for PTA, school fees under new CBN policy

The Central Bank of Nigeria (CBN) on Tuesday, 21st February 2017, released new guidelines to access…

Nigerian Internet Exchange goes live at MainOne’s Data Center 

MainData Nigeria (MDXi) and the Internet Exchange Point of Nigeria (IXPN) have announced a partnership aimed…

Air Peace takes delivery of 12th aircraft, opens Lekki office

Nigeria’s domestic carrier, Air Peace, has taken delivery of its 12th aircraft, a 114-capacity Boeing 737-500.…

Traders protest in Sango Otta as Customs men invade markets

Rice sellers in Sango Market, in the Ado Odo/Ota Local Government Area of Ogun State on…

Ecobank seeks to upturn ruling in bankruptcy case against Otudeko

Ecobank Nigeria Limited has applied to the Court of Appeal in Lagos for extension of time…

AMCON takes over OAS Helicopters

Signs that the crisis in the aviation sector had escalated emerged yesterday as the Asset Management…

FG moves to resolve liquidity crisis in power sector

The Federal Government of Nigeria said progress had been reported on steps being taken to address…

India interested in Nigeria’s $100m pigeon pea market

The government of India has confirmed that there is a market for $100 million worth of…

Consumers groan as inflation rate rises to 18.72%

Hopes that the Consumer Price Index which measures inflation would reduce soon following promises by government…

Malabu Oil deal: Court to hear Shell, Agip case Feb 27

The January 26, 2017 court orders granting temporary control of the Oil Prospecting Licence (OPL) 245…

Angola back as Africa’s top oil producer

Despite recording the biggest increase in output among its peers in the Organisation of Petroleum Exporting…

FG denies N5tr assets sale plan

  The Ministry of Budget and National Planning has denied insinuations in a section of the…

FG appoints Usman Gur Mohammed as interim TCN boss

The Federal Government has approved the secondment of Alhaji Usman Gur Mohammed of the African Development…

Four Skye Bank executive directors quit

Skye Bank Plc has notified the Nigerian Stock Exchange (NSE) of the voluntary resignation of four…

Stock market operators embroiled in N10bn scandal

A stock broking firm, Partnership Securities Limited (PSL), and its sister companies – Partnership Investment Company…

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