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  • NIMASA raises hope of ship owners, to revive national shipping line

    The long time cry of indigenous ship owners in the country for revival of the national shipping line may soon be heeded going by the soothing words of Acting Director -General of Nigerian Maritime Administration and Safety...

    • Posted February 28, 2016
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  • External reserves recover marginally as crude oil prices rise, CBN targets N200/$ parallel market rate

    Nigeria’s external reserves which had been on a steady decline, rose marginally week-on-week to $27.808 billion as at Wednesday, compared with the $27.790 billion it attained the previous Wednesday, according to the latest figures from the Central...

    • Posted February 28, 2016
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  • FG sets up committee to resolve oil and gas sector labour crisis

    In an effort to ensure sustainable employment relationship devoid of strife and rancor, the federal government yesterday set up a committee to resolve all the lingering labour related crisis in the oil and gas industry. Minister of...

    • Posted February 28, 2016
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  • Oil slump: World Bank, FG set to assist states

    The Federal Government and World Bank have formed a partnership aimed at assisting state governments to grapple with the effects of the financial challenges occasioned by the slump in global crude oil prices. Speaking at the end...

    • Posted February 27, 2016
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  • NAHCO promises steady returns for shareholders

    The Chairman of Nigerian Aviation Handling Company, Alhaji Suleiman Yahyah, has assured the company’s shareholders and other stakeholders that it will continue to provide steady returns in forms of dividends and bonuses. Speaking at the closing gong...

    • Posted February 27, 2016
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  • SEC, judiciary collaborate on investor protection

    The Securities and Exchange Commission and the judiciary have pledged to collaborate in a bid to boost investor confidence in the dispute resolution mechanisms available in the Nigerian capital market. The Director-General, SEC, Mounir Gwarzo, disclosed this...

    • Posted February 27, 2016
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  • FG tasks Stallion Group on 17% local content in car manufacturing

    The federal government Thursday tasked the management of Stallion Group, manufacturers and assemblers of different brands of vehicles on the 17 per cent local content capacity in its assembly plants. The Minister of Science and Technology, Dr....

    • Posted February 27, 2016
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  • Fuel scarcity looms as FG seeks to swap more oil

    Nigeria is on the verge of another round of petrol shortages as the precipitous decline in oil prices leaves Africa’s largest crude producer with fewer options for importing fuel. According to Reuters, traders and local sources have...

    • Posted February 27, 2016
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  • Buhari to convene National Economic Conference in March

    As the Nigerian economy continues to reel from low oil prices and its attendant consequences, presidency sources confirmed yesterday that President Muhammadu Buhari is set to convene a major national economic conference next month. One official in...

    • Posted February 27, 2016
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  • Kachikwu, others to X-ray Nigeria’s oil industry

    The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu and other industry stakeholders will converge on Abuja next month to provide insights into the way forward for the Nigerian oil and gas industry amid the low...

    • Posted February 26, 2016
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  • IMF disagrees with Buhari, insists on naira devaluation

    The Central Bank of Nigeria needs to devalue the naira by adjusting the official exchange rate of N199/dollar to a more market-determined exchange rate, the International Monetary Fund has said. This position sharply differs from that of...

    • Posted February 26, 2016
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  • FG plans increased revenue from deepwater oil production

    There are strong indications that the Federal Government is looking to review the commercial terms of deep-water Production Sharing Contracts in order to increase its share of revenue from the PSC production. The Minister of State for...

    • Posted February 26, 2016
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  • SEC pays N30m to investors of failed market operators

    The Director General, Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo  on Wednesday disclosed that over N30 million had been paid to about 530 investors of failed companies in the capital market under the National Investor Protection...

    • Posted February 26, 2016
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  • Nigeria, Qatar push for oil output cuts to raise prices

    Following Tuesday’s meeting between President Muhammadu Buhari and the ruler of Saudi Arabia, King Salman Bin Abdulaziz Al Saud, during which they both committed to work towards a stable oil market and a “rebound of oil prices”,...

    • Posted February 26, 2016
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