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  • Consumers turn to charcoal as kerosene price rises

    Charcoals sellers in FCT are now smiling to banks due to recent increase in the price of Kerosene. The price of kerosene in the area has risen from N50 to N300 per litre. Some charcoal sellers in...

    • Posted August 11, 2016
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  • Shell declares force majeure on gas supply to NLNG

    Shell Petroleum Development Company of Nigeria Ltd has declared force majeure on gas supply to the Nigeria LNG’s export facility on Bonny Island. Force majeure is a legal clause that allows companies to cancel or delay deliveries...

    • Posted August 11, 2016
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  • Lagos pays N16.33bn to retirees in 12 months

    The Lagos State Government said it paid N16.33bn to 3,924 retirees as accrued pension rights through the Lagos State pension Commission from August 2015 to July this year. The Director-General, LASPEC, Mrs. Folashade Onanuga, disclosed this while...

    • Posted August 11, 2016
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  • 10 broking firms facilitate N414bn investment in equities

    Ten top stockbrokers facilitated the trading of 78.189 billion equities worth N414.11billion on the Nigerian bourse between January and July 2016, THISDAY investigation has revealed. The performance represents 58.3 per cent of the total transactions for the...

    • Posted August 11, 2016
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  • Access Bank upgrades its digital solution, PayWithCapture

    Determined to make its digital banking application fast, convenient and hassle-free, Access Bank Plc has refreshed the revolutionary lifestyle solution, PayWithCapture to a more illimitable version. The latest version, PayWithCapture 5.0, according to a statement from the...

    • Posted August 11, 2016
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  • Concerns grow over Nigeria’ rising Misery Index

    Nigeria’s misery index, which has risen to an all-time high of 47.7 per cent, has sparked Nigerians panic about the state of the economy. The Managing Director/Chief Executive Officer, of Financial Derivatives Company Limited (FDC), Mr. Bismarck...

    • Posted August 11, 2016
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  • Ghana beats Nigeria, passes petroleum bill

    As Nigeria continues to dither over the Petroleum Industry Bill, which has suffered setbacks in two consecutive legislative tenures, Ghana has passed its own petroleum bill into law in a bid to lure investments. Ghana’s legislature passed...

    • Posted August 10, 2016
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  • Kerosene supply: 78 marketers may demand refund of payments from NNPC

    Marketers of petroleum products who paid the Nigerian National Petroleum Corporation (NNPC) for supply of kerosene but could not get the product may seek for the refund of the payments, THISDAY has gathered. THISDAY’s investigation revealed that...

    • Posted August 10, 2016
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  • Reps, NNPC, DPR begin verification of oil blocks’ owners

    The House of Representatives and the Department of Petroleum Resources (DPR) have begun verification of authentic holders of oil blocks licenses in Nigeria, chairman of an adhoc committee set up for that purpose, Hon. Gideon Gwani has...

    • Posted August 10, 2016
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  • Revenue shortfall: FG borrows N600bn in six months

    The Federal Government borrowed a total of N600bn between January and June this year to augment the shortfall in revenue caused by various challenges affecting oil and non-oil receipts. The amount, which was borrowed from the domestic...

    • Posted August 10, 2016
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  • Dollar scarcity: Petrol price hike looms – Marketers

    Nigerians should prepare for another increase in the pump prices of petrol, due to the continued scarcity of foreign exchange to finance the importation of the product, oil marketers have said. According to them, the United States...

    • Posted August 10, 2016
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  • FG seeks managers, adviser for $1bn Eurobonds borrowing

    The Federal Government is set to borrow $1bn from the international capital market to fund its expansionary budget and stimulate economic growth as inflation, slow growth and other challenges continue to hit the economy. Consequently, the Debt...

    • Posted August 10, 2016
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  • UBA holds valedictory ceremony for Oduoza, two EDs

    The United Bank for Africa (UBA) Plc has sent forth its former Group Managing Director, Mr. Phillips Oduoza and two retired Executive Directors- Mr. Femi Olayoku and Ms. Obi Ibekwe in a ceremony. The event, which held in...

    • Posted August 10, 2016
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  • CIBN proffers solution to economic crisis

    The Chartered Institute of Bankers of Nigeria, Lagos State Branch, has said there is a need for the nation’s economic managers to apply macroeconomic drivers as a way of getting the country out of its current economic...

    • Posted August 10, 2016
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