Business and Economy
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Nigeria, MTN and Pseudo-Nationalism By Jideofor Adibe
The recent report that two global banks – HSBC and UBS- have closed shops in the country should…
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NNPC pays N128bn into federation account in August
By Edith Ike-Eboh Abuja Nov. 7, 2018 The Nigerians National Petroleum Corporation (NNPC) says it has transferred the sum of…
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“95 per cent of states can’t pay N30, 000 minimum wage”-Gov. Umahi; Challenges Governors to speak out
Abakaliki, Nov.7, 2018 Gov David Umahi of Ebonyi on Wednesday in Abakaliki, declared that 95 per cent of states in…
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Saraki: Senate to probe NNPC’s claim on diversion of NLNG’s dividend
President of the Senate, Dr. Abubakar Bukola Saraki, has said that the Senate on resumption of plenary will further probe…
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Ministry denies knowledge of alleged NNPC’s $3.5bn subsidy fund
By Harrison Arubu Abuja, Nov. 1, 2018 The Federal Ministry of Finance has denied knowledge of a 3.5 billion-dollar fund…
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DMO begins payment of arrears to oil marketers through promissory notes
By Folasade Folarin Abuja, Oct. 31, 2018 The Debt Management Office (DMO), says it has commenced the accelerated implementation of…
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Dangote Refinery to save Nigeria from dirty fuels with Euro V specification
Dangote Oil Refinery Company (DORC) says the 650,000 barrels per day refinery has been designed to process a variety of…
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Kachikwu to lead NCDMB, Amnesty Coordinator, industry operators to Bonny to parley on Nigerian Content in NLNG Train-7
The Niger Delta Youths Coalition for Peace and Progress (NDYCPP) on Tuesday said the group is collaborating with oil industry…
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Police to partner Innoson Motors for APC production
By Peter Okolie Nnewi (Anambra), Oct. 26, 2018 The Nigeria Police Force has expressed readiness to partner with Innoson Vehicle…
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FG supports increased indigenous participation in maritime business
The Federal Government is determined to promote and increase indigenous participation in the shipping business in Nigeria, the Minister of…
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NIMASA advocates zero tolerance to marine accidents
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has urged players in the…
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Naira loses marginally against dollar at parallel market
By Fabian Ekeruche Lagos, Oct. 22, 2018 The Naira on Monday lost 50 kobo to close at N360.5 to the…
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FG loses $2.5bn to gas flaring – Expert
By Edith Ike-Eboh Abuja, Oct.21, 2018 Mr Chinedu Onyeizu, Chief Executive Officer, AfriPERA, an Energy and Infrastructure Policy research organisation,…
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CBN injects $337m, CNY53m into Inter-Bank Forex Market
By Racheal Ishaya Abuja, Oct. 19, 2018 In another round of intervention, the Central Bank of Nigeria (CBN), on Friday,…
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Dakuku: Maritime, catalyst for Nigeria’s industrialisation Stakeholders commend NIMASA’s leadership role in Africa
For Nigeria to effectively move away from an oil-dependent economy and industrialise, it must develop the blue economy. This was…
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Nestlé Nigeria partners Lagos Business School on Sales Academy
By Peter Ejiofor Lagos, Oct. 15, 2018 Nestlé Nigeria has begun a Sales Academy in collaboration with the Lagos Business…
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Executive Order 6: Too little too late By Aniebo Nwamu
Nobody is rattled by Executive Order 6 or President Buhari’s directive that it be implemented “in full force”. The order,…
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The case for Air Peace as Nigeria’s Flag Carrier By Uzor Maxim Uzoatu
The recent suspension of the proposed national carrier, Nigeria Air, has elicited mixed feelings across the nation. The name…
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Nigeria’s economy is moving in a positive direction
The Minister of Budget and National Planning, Senator Udoma Udo Udoma on Thursday in Indonesia told a global audience that…
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FG releases N460bn from 2018 Budget for capital expenditure – Udoma
By Folasade Folarin and Racheal Ishaya Bali (Indonesia), Oct. 10, 2018 Mr Udoma Udo Udoma, the Minister of Budget and…
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MTN shares up 2% on possibility of reduced repatriation demand
Johannesburg, Oct. 8, 2018 South Africa’s MTN Group shares rose as much as 2.55 per cent after the Nigerian Central…
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On Economic Implications for Governance, Business, Development of Fluctuating Oil Revenues in Nigeria By Prof Chijioke Nwaozuzu
Oil revenue has been and still is the mainstay of the national economy and is likely to remain so…
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Defunct Skye Bank: Finance minister wants CBN, NDIC to prosecute directors
By Lucy Nwachukwu Abuja, Oct. 5, 2018 The Minister of Finance, Mrs Zainab Ahmed, has urged the Central Bank of…
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Educating telecom consumers on their rights our priority – NCC
By Constance Imasuen Abuja, Oct 3, 2018 The Nigerian Communications Commission (NCC) said on Wednesday that educating the telecom consumers…
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NIMASA boss calls for prompt approach to ECOWAS regional maritime security
By Uchenna Eletuo Lagos, Oct. 3, 2018 Dr Dakuku Peterside, the Director-General of the Nigeria Maritime Administration and Safety Agency…
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