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  • Roads, power to benefit from N4.9tn pension funds

    The Contributory Pension Scheme operators are considering investing part of the growing pension funds in long-term projects because most of the contributors are young workers who may not need their money very soon, investigation has revealed. The...

    • Posted September 28, 2015
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  • NNPC explores alternative funding to pay $6bn arrears of JV cash calls

    The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Emmanuel Ibe Kachikwu has said the corporation had started to explore alternative funding models to pay the outstanding arrears of its obligations to the joint...

    • Posted September 27, 2015
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  • Shell hosts Global Summit, wants experts in Disapora back home

    At the just concluded summit organised by Shell Nigeria Exploration and Production Company of Nigeria Ltd (SNEPCo) in Aberdeen, a call was made to players in the Oil&Gas sector to return back to the country in order...

    • Posted September 27, 2015
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  • Fitch affirms Nigeria’s ‘BB-‘ Ratings assigns Nigeria negative outlook

    Fitch Ratings has affirmed Nigeria’s long-term foreign and local currency Issuer Default Rating (IDRs) at ‘BB-‘ and ‘BB’ respectively. However, the global ratings agency stated that its outlook on Nigeria’s long-term IDRs are Negative, as against the...

    • Posted September 27, 2015
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  • Nigeria’s oil export hits lowest level in June

    Export of the nation’s crude oil fell by 14.6 per cent in June to 58.62 million barrels, the lowest level so far this year, the latest monthly report from the Nigerian National Petroleum Corporation has shown. In...

    • Posted September 27, 2015
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  • Probe funds allocated to NAEC – Workers urge Buhari

    Researchers and other categories of workers at the Centre for Energy Research and Development, Obafemi Awolowo University, Ile Ife, have called on President Muhammadu Buhari to constitute a panel to probe the activities of the Nigeria Atomic...

    • Posted September 27, 2015
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  • Sahara Power restates commitment to improved electricity supply

    Sahara Power Group, comprising Egbin Power Plc, Ikeja Electric and First Independent Power Limited, has restated its commitment to improved generation and supply of electricity in Nigeria. Managing Director Sahara Power Group, Mr. Kola Adesina said the...

    • Posted September 26, 2015
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  • Nigeria’s annual revenue from Maritime and trade to hit $50billion

    Maritime and trade in the sub-Sahara Africa region has experienced unprecedented growth and could contribute as much as $50 billion annually to the economy in the next few years, a  former Managing Director of Nigerian Ports Authority...

    • Posted September 26, 2015
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  • Nigerian banks experiencing dollar shortage – Fitch

    Nigerian banks are still experiencing shortage of dollar and other foreign currencies despite the Central Bank of Nigeria’s recent attempt to boost liquidity in the banking system, global rating agency, Fitch Ratings, has said. Specifically, Fitch said...

    • Posted September 26, 2015
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  • TSA implementation hampers NIMASA operations

    The implementation of the Treasury Single Account (TSA), as directed by the federal government is impacting negatively on the operations of Nigeria’s apex maritime regulatory authority, the Nigerian Maritime Administration and Safety Agency (NIMASA), THISDAY investigation has...

    • Posted September 26, 2015
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  • Extortion: FAAN moves against corrupt airport security officials

    The Federal Airports Authority of Nigeria (FAAN) appears to be resolute in the clampdown on corrupt officials, who extort money from passengers. THISDAY checks revealed that the agency will on Monday issue a circular to all Aviation...

    • Posted September 26, 2015
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  • DPR silent on idle marginal fields’ licence revocation

    The planned revocation of the licences of undeveloped marginal fields in the country by the Department of Petroleum Resources appears to have been postponed indefinitely. The revocation date, which was earlier fixed by the DPR for March...

    • Posted September 26, 2015
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  • Release funds to stimulate economy – Group tells Buhari

    The Centre for Social Justice on Thursday called on President Muhammadu Buhari to release more funds for investment in capital projects in order to stimulate economic activities and reverse the decline in the growth rate of the...

    • Posted September 26, 2015
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  • IOCs uncomfortable with NNPC’s review of oil contracts

    Coming at a time of sustained decline in global oil prices, the plan by the Nigerian National Petroleum Corporation to review the fiscal terms of existing Production Sharing Contracts may be opposed by International Oil Companies involved...

    • Posted September 26, 2015
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