Business and Economy
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N250bn Sovereign Sukuk offer attracts N865bn subscription – DMO
Patience Oniha, Director-General of DMO By Kadiri Abdulrahman Abuja, Dec. 25, 2021 The Debt Management Office (DMO) has said that…
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NNPC says Lagos pipeline explosion will not disrupt supply of petroleum products
Mr. Isiyaku Abdullahi, Managing Director, Pipelines and Products Marketing Company (PPMC) Ltd., at the scene of the pipeline explosion on…
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Nembe Spill: Aiteo tampered with evidence – Experts; Disagree with regulators on procedure adopted for probe
Some stakeholders on the environment on Friday criticised the procedures adopted in the investigations to unravel the cause of the…
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Union Bank core investors to sell majority stake to Titan Trust Bank
LAGOS, NIGERIA The Board of Union Bank of Nigeria Plc (Union Bank) Thursday notified the NGX and Securities Exchange Commission…
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NCAA shuts Glo station over N4.7bn debt
By Gabriel Agbeja Abuja, Dec. 23, 2021 The Nigeria Civil Aviation Authority has shut down the main switch centre …
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NNPC rakes in N203bn from petroleum products sale in July 2021
…As gas production goes up 4% A total sum of N203.73billion was made on the sale of white products in…
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5 ways Africa will reshape the global landscape By Toyin Umesiri
While the world is laser focused on the U.S. – China trade war, something equally significant that will reshape the…
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Some 16,200 barrels of crude recovered from Aiteo’s Spill site in Nembe – Environment Minister
At least 16,200 barrels of Bonny light crude stream have been recovered from Aiteo’s oil leak site says Minister of…
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3 federal ministries to benefit from 2021 Sukuk funds, says DMO
By Kadiri Abdulrahman Abuja, Dec. 21, 2021 The Debt Management Office (DMO) says its latest offer of N250 billion sovereign…
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Beware: NNPC not conducting survey, not recruiting
The Nigerian National Petroleum Company Limited (NNPC), has raised the alarm concerning a fake competition trending online which claims to…
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Ekeh, Zinox boss, donates N50m to NCS Innovation & Development Fund
Serial digital entrepreneur and Chairman, Zinox Group, Leo Stan Ekeh has donated the sum of N50m to an Innovation and…
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FBN Holdings gives notice of Babalola’s resignation; Abdullahi is new Chairman
By Chinyere Joel-Nwokeoma Lagos, Dec. 19, 2021 FBN Holdings Plc has officially notified the Nigerian Exchange Ltd and the investing…
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Nembe spill: Investigation stalled as Aiteo bars Bayelsa Spill Committee from JIV
By Nathan Nwakamma Yenagoa, Dec 18, 2021 Joint Investigative Visit (JIV) into the cause and volume of spill from the…
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FG, states, local councils share N675.946 billion for November
By Folasade Akpan Abuja, Dec. 18, 2021 Federal, states and local councils shared N675.946 billion from the federation account for…
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DMO offers N250bn Sukuk for subscription as debt rises to $92.6bn
By Kadiri Abdulrahman Abuja, Dec. 16, 2021 The Debt Management Office (DMO) has offered for subscription N250 billion road Sukuk…
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DMO harps on increased revenue drive to reduce borrowings
By Chinyere Joel-Nwokeoma Lagos, Dec. 14, 2021 The Debt Management Office (DMO) has stressed the need for the Federal Government…
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NLNG awards 11 overseas Postgraduate Scholarships
Port-Harcourt Nigeria LNG Limited (NLNG) Tuesday, in Port Harcourt, awarded postgraduate scholarships to eleven (11) Nigerians to pursue Masters’ degrees…
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Wike flays FG policy on stimulation of nation’s economy
*Says consultation for next governor of Rivers State has began *Fintiri of Adamawa State inaugurates Ezimgbu Road in Port Harcourt…
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NNPC records ₦141.96bn trading surplus
The Nigerian National Petroleum Company (NNPC) Limited has announced a huge leap in trading surplus of ₦141.96billion recorded in June…
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Imota Rice Mill to start production first quarter next year – Sanwo-Olu
Governor tours project site, shows excitement at progress Barring any exigency, the 32-metric tons per hour Rice Mill being…
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Appeal Court strikes out Jimoh Ibrahim, NICON Investment appeals against AMCON
At long last, the Court of Appeal Lagos Division has dismissed an appeal by the Chairman of Global Fleet Group,…
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Nigeria needs gas for accelerated industrial development – NGA President
Managing Director, Shell Nigeria Gas & President Nigerian Gas Association, Ed Ubong has called for urgent strategy to grow Nigeria’s…
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BPE names 5-member interim management team for AEDC
The Bureau of Public Enterprises (BPE) has named members of the interim management team for the Abuja Electricity Distribution Company…
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Reopen Four Point By Sheraton Hotel, Ikot Ekpene to honour your predecessor, Group tells Udom
Governor Udom Emmanuel of Akwa Ibom State has been advised on the need to reopen the Four Point By Sheraton…
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Sanwo-Olu unveils new power policy to meet Lagos’ electricity needs
Framework to be implemented with private energy investors An electricity sustainability framework that will provide reliable power to residential and…
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