All posts tagged "featured"

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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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  Budget: House Committees to submit reports latest Friday

  The standing committees of the House of Representatives have been directed to submit their reports from the budget defence of the ministries, departments and agencies (MDAs) over which they had oversight to the committee on appropriation latest...

  • Posted February 26, 2016
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  FBN shares fall to 13-year low on earnings warning

  Shares of FBN Holdings Plc fell to  its lowest level in almost 13 years on Wednesday after  Nigeria’s largest lender by assets warned that  earnings for the full year  ended December 31, 2015,  would  be lower than...

  • Posted February 26, 2016
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  Maintenance work on LNG train to last till April

  The Nigeria LNG Limited says it is carrying out scheduled maintenance work on one of its six Liquefied Natural Gas trains. The maintenance of the train would last till the first week of April, the company said...

  • Posted February 25, 2016
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  FG set to revoke 1,500 mining licences

  The Federal Government is set to revoke at least 1,500 mining licences and leases on account of dormancy, The PUNCH has learnt. This indication emerged on Tuesday just as the Ministry of Solid Minerals Development said it...

  • Posted February 25, 2016
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