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  • Power generation falls to 2,030MW

    The total generated electricity on Wednesday fell to 2,030.5 megawatts from the over 5,000MW peak recorded earlier this year. Data obtained from the power System Operator in Abuja on Wednesday showed that as of 8.37am, electricity generation...

    • Posted April 1, 2016
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  • Oando, Seplat count losses as oil slump bites

    The steep fall in global crude oil prices has left two of the country’s indigenous independent oil and gas firms, Oando Energy Resources Inc and Seplat Petroleum Development Corporation Plc, with a rising debt profile following a...

    • Posted April 1, 2016
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  • Relief as PPPRA slashes NNPC’s allocation for Q2 fuel imports

    The Petroleum Products Pricing Regulatory Agency (PPPRA) has released the second quarter petrol import allocations to the Nigerian National Petroleum Corporation (NNPC) and the private oil marketing companies, a development that will potentially ease the current product...

    • Posted April 1, 2016
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  • Petrol scarcity: Kachikwu, IPMAN agree on major intervention measures

    The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu and members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have reached an agreement which would see IPMAN play a major role in the distribution of...

    • Posted April 1, 2016
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  • FirstBank unveils enhanced features on mobile banking app, FirstMobile

    As part of its effort to boost convenience and ease of banking as well as enhance customers’ digital banking experience in line with its commitment to offer value-added products and services that suit the lifestyles of its...

    • Posted March 31, 2016
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  • Dangote Group promises to end fuel crises with new refinery

    The Dangote Group, which is currently building what it calls the world’s largest refinery, has given an assurance that when the plant comes on stream, it will put an end to the recurring fuel crises in the...

    • Posted March 31, 2016
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  • Oil falls below $40

    Global oil benchmark, Brent crude, fell on Tuesday, reflecting growing concerns that a two-month rally might be fading, as supply looked set to keep rising and there appeared to be little immediate prospect of demand keeping pace....

    • Posted March 31, 2016
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  • We’ve been selling forex to airlines – CBN

    The Central Bank of Nigeria has described claims by some airlines that they are unable to access foreign exchange to repatriate the proceeds of their operations as untrue. A number of airlines operating on international routes from...

    • Posted March 31, 2016
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  • Shareholders of five banks to share N149bn in dividends

    Shareholders of five banks will receive a sum of N149 billion in dividends for the 2015 financial despite the poor state of capital market in 2015. The Nigerian Stock Exchange (NSE) All-Share Index, which measures the aggregate performance...

    • Posted March 31, 2016
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  • Fidelity Bank partners NEPC, LBS to build capacity for exporters

    As part of efforts to promote activities in the non-oil sector and also empower exporters in the country, Fidelity Bank Plc has gone into a partnership with the Nigerian Export Promotion Council (NEPC) and the Lagos Business...

    • Posted March 31, 2016
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  • Nigeria’s Business Confidence Index down to 12-month low

    Nigeria’s inflationary pressures intensified in the month of March, pushing all five parameters of the Sales Managers Index to a 12-month low. A new set of data released on Monday by the London-based World Economics shows Nigeria’s...

    • Posted March 31, 2016
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  • Oil price slump reduces sector’s output by N3.6tn

    The massive drop in global oil prices impacted negatively on the performance of the Nigerian oil and gas sector, which recorded a decline of N3.6tn in output in the 2015 fiscal period. A report showing the performance...

    • Posted March 30, 2016
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  • MSMEs have lost N30bn to fuel scarcity – ACCI

    About N30bn has been lost by Micro, Small and Medium-scale Enterprises in the last 30 days owing to the persistent fuel scarcity being experienced across the country. The President, Abuja Chamber of Commerce and Industry, Mr. Tony...

    • Posted March 30, 2016
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  • Most NSE stock prices not fair value – Shareholders

    The prices of most stocks quoted on the floor of the Nigerian Stock Exchange have been described as ‘not fair’ considering the positions of the firms in question and the level of investment in them by shareholders....

    • Posted March 30, 2016
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