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  • NNPC oil swaps: Taleveras says it was not asked to refund $115m

    Oil and gas trading firm, Taleveras Petroleum Trading BV, has provided clarification on its involvement in the crude for petroleum products exchange agreement, better known as crude oil swaps, with the Nigerian National Petroleum Corporation (NNPC). In...

    • Posted June 9, 2015
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  • FG considers revenue enhancing options with depressed taxes from oil

    With the income accruable to the federal government from petroleum taxes dropping to its lowest level in the past 15 years, THISDAY has learnt that the new administration of President Muhammadu Buhari may be facing tough funding...

    • Posted June 9, 2015
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  • Mutual Benefits, others bag African insurers’ awards

    mutual Benefits Assurance Plc has been named the best innovative insurance company in Africa by the African Insurers Organisation. Two other African insurance companies were nominated for the same award at the 42nd AIO summit, which took...

    • Posted June 9, 2015
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  • Sustainable practices: CBN considers incentives for banks

    The Central Bank of Nigeria is working on a set of incentives for banks in the country to imbibe sustainable banking practices. The Special Adviser to the CBN Governor on Sustainable Banking, Dr. Aisha Mahmood, revealed this...

    • Posted June 9, 2015
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  • Why we bought Mainstreet Bank – Skye Bank GMD

    The Group Managing Director, Skye Bank Plc, Mr. Timothy Oguntayo, said the lender bought Mainstreet Bank Limited to tap opportunities in retail banking across the country. Oguntayo, who stated this at a pre-Annual General Meeting press conference...

    • Posted June 9, 2015
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  • Skye Bank appoints four Executive Directors

    The Board of Directors of Skye Bank Plc last week announced the elevation and appointments of four new executive directors to the board. A statement from the bank described the development as “part of the overall efforts...

    • Posted June 8, 2015
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  • Stanbic IBTC, Rencap Securites, CSL Stockbrokers top brokers performance in 5 months

    The Nigerian Stock Exchange (NSE) has named Stanbic IBTC Stockbrokers Limited, Rencap Securities and CSL Stockbrokers Limited as the three top companies on the brokers performance chart in terms of the value of their various transactions on...

    • Posted June 8, 2015
    • 1
  • External reserves drop by $469m in two weeks

    The nation’s exchange reserves have been depleted by $469m in the past two week, the latest figures from the Central Bank of Nigeria have revealed. After hitting $29.819bn on May 18, 2015, the country’s forex reserves commenced...

    • Posted June 8, 2015
    • 1
  • Oil traders, NNPC officials interrogated, watch-listed in major investigation

    A major investigation is underway in the oil and gas sector as the Economic and Financial Crimes Commission (EFCC) and The Department of State Security (DSS) are investigating the crude oil swap programme and the Offshore Processing...

    • Posted June 8, 2015
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  • Post-PIB shakeup: NNPC drills workforce on regulatory compliance

    In a move that suggests it is already considering its operational status in a competitive oil and gas industry as enunciated in the Petroleum Industry Bill (PIB), the Nigerian National Petroleum Corporation (NNPC) has opted to drill...

    • Posted June 8, 2015
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  • Fuel scarcity: FG, marketers parley, set June 13 to end supply dilemma

    The federal government through its key agencies in Nigeria’s oil and gas industry on Friday met again with oil marketers to appraise ongoing scarcity of petrol across the country, with a view to upgrading joint efforts to...

    • Posted June 7, 2015
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  • CBN tweaks FX rate to N196.95/$1, may loosen currency regime

    The Central Bank of Nigeria (CBN) on Thursday made a tiny adjustment to its exchange rate peg to the dollar on its website, a move an analyst said may indicate that the regulator was beginning to think...

    • Posted June 7, 2015
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  • Group commends passage of equipment leasing bill

    The Equipment Leasing Association of Nigeria (ELAN) has commended members of the outgoing National Assembly for passing the equipment leasing bill. The group noted that the long awaited bill was initiated in response to continued calls by...

    • Posted June 7, 2015
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  • Kaduna Electric extends workers contract by two months

    The Managing Director/CEO of Kaduna Electric (Kaduna Electricity Distribution Company), Mr. Garba Haruna, has announced a two month extension of the contract of its workers. The contract will now terminate on July 31, 2015. In a statement...

    • Posted June 7, 2015
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