Don't Miss


Latest News

  • Nigeria risks losing oil buyers to Iran, Saudi Arabia

    Nigeria, which recently lost its Africa’s top oil producer status to Angola on the back of huge decline in its output, stands a chance of losing some of its traditional buyers to rival producers such as Iran...

    • Posted June 1, 2016
    • 0
  • Power sector loses N2bn daily, more turbines pack up

    The power sector has been losing an average of N2bn daily since the resurgence of pipeline bombings by militants in the Niger Delta, latest electricity supply statistics have shown. This is coming as the number of functional...

    • Posted June 1, 2016
    • 0
  • Nigeria to refine 1.3mbpd of oil for consumption by 2023

    The International Institute for Petroleum Energy Law and Policy (IIPELP) has said Nigeria would refine up to 1.3 million barrels of crude oil daily (mbpd) by 2023 to meet the fuel demand of her growing population. IIPELP,...

    • Posted June 1, 2016
    • 0
  • FG constitutes committee to recover AMCON loans

    A Presidential Inter-Agency Committee on recovery of loans granted to commercial banks and corporate organisations by Asset Management Corporation of Nigeria (AMCON) has been set up by the federal government. This was revealed in a statement made...

    • Posted June 1, 2016
    • 0
  • FirstBank gets $13.745m Forex allocation from CBN

    The latest returns on forex utilisation for FirstBank Nigeria Limited have shown that the bank was allocated $13,745,768.19 by the Central Bank of Nigeria (CBN) last week. The returns published in THISDAY monday showed that FirstBank sold...

    • Posted June 1, 2016
    • 0
  • Marketers defy FG, sell petrol above official ex-depot price

    Despite federal government’s recent increase of the price of petrol to reflect the high cost of foreign exchange used in the importation of the product, some marketers and depot owners have defied government’s directive by selling above...

    • Posted June 1, 2016
    • 0
  • Nigerians traumatised by adverse economy – Ambode

    Lagos State Governor, Mr. Akniwunmi Ambode, has said that Nigerians are being traumatised by the adverse economic situation in the country. Ambode made this observation in an address at the 2016 edition of the African Product Forum...

    • Posted May 31, 2016
    • 0
  • NCC wins Africa Regulator of the Year Award

    The Nigerian Communications Commission (NCC) has won the African Regulator Award for 2015. The Africa Information Technology and Telecoms Award (AITTA), which took place recently at the Kempinski Hotel, Gold Coast City, Accra, Ghana was the climax...

    • Posted May 31, 2016
    • 0
  • Plummeting oil prices: LNG price slumps by over 50%

    The plummeting prices of crude oil have taken a toll on the price of Liquefied Natural Gas (LNG) in the international market as the latter also slumped by over 50 per cent due to the correlation between...

    • Posted May 31, 2016
    • 0
  • FG’s diversification initiatives will strengthen economy – DMO

    The Director-General Debt Management Office (DMO), Dr. Abraham Nwankwo has said that efforts by the federal government to revitalising the agriculture, solid minerals and manufacturing sectors as well as widen the tax base would have massive impact...

    • Posted May 31, 2016
    • 0
  • NSE president seeks collaboration between government, market stakeholders

    The President of the Nigerian Stock Exchange (NSE), Mr.  Aigboje Aig-Imoukhuede has called on the federal government to incorporate the capital market into its policy making process in order to create an enabling environment for investment, entrepreurship that...

    • Posted May 31, 2016
    • 0
  • Economy suffered severe decline under Buhari’s one year – LCCI

    The Lagos Chamber of Commerce and Industry (LCCI) has declared that the Nigerian economy suffered severe decline in the past one year of the administration of President Muhammadu Buhari. The LCCI in a report titled: “The Economy...

    • Posted May 29, 2016
    • 0
  • British Airways may exit Nigerian routes

    British Airways is evaluating its routes to Nigeria, adding to aviation industry pressure on the Federal Government as sister carrier, Iberia, and United States competitor, United Airlines, halt flights to the country as traffic stutters and currency...

    • Posted May 29, 2016
    • 0
  • Economic downturn: FG to sell Eurobond, issue sukuk

    The Federal Government is working out details for issuing a debut sovereign sukuk this year and may also sell a Eurobond, the Director-General, Debt Management Office, Abraham Nwankwo, has said. He said the DMO had yet to...

    • Posted May 29, 2016
    • 0