Economy
Recapitalisation: NAICOM Reads Riot Act to Operators over Outstanding Claims
The National Insurance Commission (NAICOM) has said it will not endorse the recapitalisation plan of any firm that doesn’t clear...
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Unstable laws affecting flow of foreign investments into oil sector, says NNPC
The oil and gas sector might not attract the needed foreign direct investments (FDIs) except the country reviews its regulatory...
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CBN Disburses N374bn to Smallholder Farmers
The Central Bank of Nigeria (CBN) yesterday said it has funded smallholder farmers (SHFs) under the Anchor Borrowers Programme (ABP)...
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Kyari: Market Cabal Enriched Themselves with Subsidy Payments
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has said that the benefits of...
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FG Urges Vigilance, Says Another Lockdown Possible
As some states recalled students of primary and secondary schools back to classes, the federal government on Monday called for...
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Minimum wage: Labour lists offending states, plans street protests, talks
Ekiti, Kogi, Imo, Zamfara, four others yet to begin wage implementation Petrol/electricity tariff hikes: Talks resume Friday, palliatives plan on...
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Rivers, Shell inaugurate CDB for Assa North Gas project
The Rivers State Government and Shell Petroleum Development Company of Nigeria Limited (SPDC), in Port Harcourt, inaugurated the Egi/Igburu Cluster...
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CBN decries speculation as naira plunges, exchanges for 465/$
Declining export receipts from oil and speculative activities of the Bureau De Change operators among other challenges of the COVID-19...
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Ericsson, Qualcomm Pioneer 5G Capabilities
Ericsson and Qualcomm Technologies have completed pioneering interoperability tests for 5G standalone (SA) carrier aggregation across both FDD/TDD and TDD/TDD...
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FG slashes spending on JV oil assets by 62%
Amid the coronavirus-induced sharp drop in its revenues, the Federal Government reduced its spending on oil and gas assets being...
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GTBank, MTN Propel Marginal Stock Market Appreciation
Gains recorded by Guaranty Trust Bank Plc and MTN Nigeria Communications Plc led to a marginal appreciation in the Nigerian...
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DPR: $1.5 billion World Bank loan may be needless
THE Department of Petroleum Resources (DPR) at the weekend said with the remittance of at least $1.03billion to the Federation...
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Leaked documents reveal money laundering scam worth $2tn
Several leaked documents have revealed how the world’s biggest banks enable criminals to launder money around the world. The...
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Foreign reserves rise by $140.9m, now $35.81bn
The country’s foreign reserves rose by $140.9m from $35.67bn as of September 1 to $35.81bn as of September 17, the...
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Prestige Assurance Extends N6.8bn Rights Issue
Prestige Assurance Plc has extended the offer period for the its rights issue of 13,635,796,006 ordinary shares of 50 kobo...
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78 firms bid to rehabilitate pipelines, depots –NNPC
The Nigerian National Petroleum Corporation on Sunday announced that 78 companies submitted virtual bids to rehabilitate its downstream pipelines, associated...
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Equities market sustains sliding profile amid unstable economic outlook
Negative macroeconomic indices and unstable economic outlook depressed transactions on the equities sector of the Nigerian Stock Exchange (NSE), as...
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Be Magnanimous, Buhari Urges Obaseki as PDP Routs APC in Edo
•My victory, triumph against godfatherism, says Edo gov •APC rejects election results, to decide on next step •Atiku, Saraki Tambuwal,...
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Consumers to pay full electricity rates from July 2021
Power distributors have received approval to collect an average of 87.9 per cent of the recently increased electricity tariff from...
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Whither Nigeria’s Debt?
Nigeria seems to be headed for a debt trap as all key debt performance measuring indices have fallen below minimum...
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Lagos okays full reopening of churches, mosques
Churches and mosques in Lagos State are now free to resume full worship following approval by Governor Babajide Sanwo-Olu on Saturday...
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Petrol supply fell by 23.88% in July, says NNPC
The volume of petrol supplied in the country declined by 23.88 per cent in July to 1.02 billion litres, according...
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Why Africa is recording low COVID-19 deaths
Many medical experts are curious to know why death rates from the novel Coronavirus disease (COVID-19) are low in Africa,...
Read moreDeregulation: More investors eyeing modular refineries, says DPR
The Department of Petroleum Resources has said more investors are showing interest in establishing modular refineries in the country following...
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WTO: Okonjo-Iweala Jumps 1st Hurdle as 3 Candidates Drop Out
The dream of Nigeria’s Dr. Ngozi Okonjo-Iweala becoming the next Director General of the World Trade Organisation (WTO) got a...
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