All posts tagged "featured"

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  OPEC figures show oil output cuts exceed pledge in March

  OPEC states cut oil output in March by more than they pledged under supply curbs, according to figures the exporter group uses to monitor its supply, extending a record of higher-than-expected adherence to its first production cut...

  • Posted April 14, 2017
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  Reps replace shippers’ council with transport commission

  maritime safety, education and administration and that on aviation. Addressing the House before the adoption of the report, the chairman of land transport committee, Rep Aminu Sani Isa (APC, Sokoto) said the main objective of the bill...

  • Posted April 14, 2017
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  FG begins $5.1bn debt payment to IOCs

  The Federal Government will by the end of this month begin payment of a $5.1 billion debt it owes five international oil companies (IOCs), Minister of State for Petroleum Resources, Ibe Kachikwu, has said. The government had...

  • Posted April 14, 2017
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  Buhari appoints CBN non-executive directors

  President Muhammadu Buhari on Wednesday forwarded the list of his nominees to the Senate for confirmation as Non-Executive Directors of the Board of the Central Bank of Nigeria (CBN) in accordance with Sections 6 (1) (d) and...

  • Posted April 13, 2017
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  NNPC to begin to make money from its IT networks

  The Nigerian National Petroleum Corporation (NNPC) says it wants to commercialise some of its critical Information Communications and Technology (ICT) infrastructure in line with its bid to re-focus the Corporation as a commercially viable entity. The Group...

  • Posted April 13, 2017
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  Arik Air owes local, foreign creditors N387bn – AMCON

  Assets Management Corporation of Nigeria (AMCON) which took over the indebted Arik, says the airline owed almost N387bn. This amount comprises N375bn local debt; €31million being owed Lufthansa Technik Group which manages Arik Air planes and $6.5m...

  • Posted April 13, 2017
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  Lagos Airport for certification April ending – NCAA DG

  Barring any unforeseen circumstance, the Murtala Mohammed International Airport (MMIA) would be certified at the end of the month, Director General of the Nigeria Civil Aviation Authority (NCAA), Capt. Mukhtar Usman has assured. Once the certification of...

  • Posted April 12, 2017
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  Dangote to list refinery, petrochemical coys on NSE

  Alhaji Aliko Dangote, past President of the Nigerian Stock Exchange (NSE) on Monday promised the listing of companies under the Dangote Group of companies on the nation’s bourse. The companies include Refinery and Petrochemical. Dangote stated this...

  • Posted April 12, 2017
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  Naira slides to 410/$ at BDCs, traders pledge support to CBN

  Naira yesterday slipped further to 410 against the United States Dollar due to apprehension in the market over the supply constraints. The local currency has weakened on both the official and black markets. This is coming as...

  • Posted April 12, 2017
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  No more rice through Free Trade Zones – Customs

  The Comptroller General of Customs (CGC), Col. Hameed Ali (rtd), has directed a restriction on the exit of rice from the Free Trade Zones (FTZ) into the country’s market as Customs tackled smuggling through the land borders....

  • Posted April 11, 2017
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