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Marketers give terms for selling petrol at N123.50k
• Govt must make them comply, says chamber • ‘Nigeria earns $32.63b from oil, gas in 2018’ The Independent...
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Oil price falls to $24, oversupply fears grow
The international oil price benchmark, Brent crude, slid further on Wednesday, as a bigger-than-expected rise in United States inventories and...
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CBN Offers N95.681bn TBills, Records 59% Oversubscription
The Central Bank of Nigeria (CBN) offered a total of N95.681 billion debt instrument at its Nigerian Treasury Bills Primary...
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NSE to sustain trading operations remotely – Onyema
The Nigerian Stock Exchange (NSE) has said it will continue to work remotely following the 14 days complete lockdown declared...
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SMEDAN Grants Three Months Moratorium to Loan Beneficiaries
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has granted a three-month moratorium to beneficiaries of its One...
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Virus crisis forces UK banks to axe billions in payouts
Britain’s banking sector on Wednesday scrapped billions of pounds (dollars) in shareholder dividends and share buybacks after the Bank of...
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Nigeria records 23 new cases of COVID-19, total now 174
Nigeria has recorded 23 new cases of coronavirus, bringing the total number of infections in the country to 174. The...
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Airlines risk collapse, seek bail-out funds over covid-19 losses
Major carriers are now at risk of collapse over disruption in-flight services and regional restrictions on account of the coronavirus...
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How 15 died in Lagos explosion
Amid horrid reminiscences of the January 27, 2002 bomb explosion in Lagos State, which occurred on a Sunday, panic and...
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Shell lists operational challenges in Nigeria
Global oil giant, Shell, has identified insecurity, legislative issues and poor infrastructure as some of the problems confronting its operations...
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More Countries Tighten Control as Coronavirus Kills 6,000
Christopher Isiguzo in Enugu, Chinedu Eze, Martins Ifijeh in Lagos and Adedayo Akinwale in Abuja More than 164, 000 people...
Read moreShell income drops by $7.5 billion
ROYAL Dutch Shell has recorded a drop of $7.5 billion in its income. The oil giant’s 2019 yearly report showed...
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NNPC to reduce cost of crude oil production from $17
The Nigerian National Petroleum Corporation (NNPC) has expressed its readiness to strategically put in place measures that would alleviate the...
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Blue Seal Energy begins $12.5m chemical plant construction
Blue Seal Energy Group (BESG) has begun the construction of its $12.5 million chemical plant in Ibeju Lekki, Lagos. The...
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Amidst Oil Price Crash, FG Says No Cause to Panic
The federal government wednesday allayed fears of an economic crisis in view of the effects of the crash in global...
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Oando gets ISO 27001 certification
Oando Plc has become the first African oil and gas company to receive the ISO 27001 Certification from Certification Partner...
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Generator importation to attract 10-year jail term — Senate bill
A bill for an act to criminalise the importation, selling and usage of generators in Nigeria scaled the first reading...
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Kano dethrones Emir Sanusi
The Kano State Government led by Abdullahi Ganduje has announced the sacking of the Emir of Kano, Muhammad Sanusi II....
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Oil price crashes to $33, loses $11 in hours
The international oil benchmark, Brent crude, which stood at $45.72 per barrel on Sunday, has slumped to $33 per barrel....
Read moreCoronavirus: Analysts express concern on implications for budget, GDP projections
President Muhammadu Buhari had last October laid a proposed budget (Appropriation Bill) of N10.33trn before a joint session of the...
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Access Bank Records N115bn Profit, Recommends 40k Final Dividend
Access Bank Plc is still savouring the benefits of its decision to merge with former Diamond Bank Plc as the...
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Equities record first weekly gain in three weeks
Bargain-hunting across banking sector propelled the stock market to its first weekly gain in three weeks, as investors jostle for...
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Standard Bank Issues Inaugural Green Bond
Standard Bank of South Africa Limited has issued its first-ever green bond, via private placement with the International Finance Corporation...
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Forex racketeering: Reps probe CBN, FIRS, others over $30bn leakages
The House of Representatives has resolved to investigate the Central Bank of Nigeria and the Federal Inland Revenue Service over...
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FMDQ, AFEX seal pact on N2.5trn loans for farmers
The Financial Market Dealers Exchange and the AFEX Commodities Exchange Ltd have partnered to unlock about N2.5trn financing to over...
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