Business and Economy
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NNPC records crude oil, gas sales of $219.75m in May …Posts ₦295.72bn from sale of petroleum products
The Nigerian National Petroleum Corporation (NNPC) says it recorded a total crude oil and gas export sales of $219.75m in…
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President Buhari directs incorporation of NNPC Ltd; Appoints Board; Ararume is Chairman (See others)
President Muhammadu Buhari, in his capacity as Minister of Petroleum Resources, has directed the incorporation of the Nigerian National Petroleum…
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Petroleum marketers suspend strike, resume operations at Enugu NNPC depot
By Emmanuel Acha Enugu, Sept. 18, 2021 The Independent Petroleum Marketers Association of Nigeria (IPMAN) has suspended its strike and…
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CBN retains MPR at 11.5%
By Kadiri Abdulrahman Abuja, Sept. 17, 2021 The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has…
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Shell restates commitment to research, development in Nigeria
Energy giant, Shell, has said its research and development strategy is aligned with Nigeria’s 10-year strategic roadmap for local content…
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Fresh petroleum crisis looms in South-East as IPMAN withdraws services
By Emmanuel Acha Enugu, Sept. 17, 2021 The Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members to…
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Southern Governors back collection of VAT by states (Read full text of Communique here)
By Emmanuel Acha Enugu, Sept. 16, 2021 Governors from the southern states of Nigeria have expressed their support for…
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Debt accumulation: Salami’s outcry confirms APC, Buhari are wrecking Nigeria – PDP …Says borrowed funds being looted by APC leaders
The Peoples Democratic Party (PDP) has alerted that the outcry by the Chairman of President Muhammadu Buhari’s Economic Advisory Council…
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Scarcity: Petrol sells N220 per litre in Nsukka service stations; About N300 at black market
By Hilary Akalugwu Nsukka (Enugu State) Sept. 15, 2021 The Premium Motor Spirit (PMS), otherwise called petrol, now sells for…
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Senate defers presentation of 2022-2024 MTEF/FSP report
The Senate on Wednesday stepped down the presentation and consideration of the report on the 2022-2024 Medium Term Expenditure Framework…
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DLM Capital attributes Best Development Finance Company Award to diligence
By Itohan Abara-Laserian Lagos, Sept. 14, 2021 DLM Capital Group has attributed its award as “Best Development Finance Company Nigeria…
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Coy partners research institutes on production of special wheat fertiliser – Official
By Itohan Abara-Laserian Lagos, Sept. 14, 2021 OCP Nigeria Fertilisers, says it has partnered with Lake Chad Research Institute, Institute…
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Dangote Refinery partners Content Board on Oil Sector Research, Devt
Dangote Oil Refinery has thrown its weight behind the Nigerian Content Development and Monitoring Board (NCDMB) to promote the critical…
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Shell trains 40 Imo youths for Assah North-Ohaji South gas project
LEADING energy company, The Shell Petroleum Development Company of Nigeria Limited (SPDC) has commenced a one-year professional and vocational training…
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Fidelity Bank grows PBT by 72.4% in 6 months
Mrs. Nneka Onyeali-Ikpe, MD/CEO of Fidelity Bank Plc By Itohan Abara-Laserian Lagos, Sept. 12, 2021 Fidelity Bank Plc has posted…
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COVID-19: Respite for air travelers to Nigeria
Respite has come for air travelers to Nigeria who are having difficulty filling their Health and travel history into the…
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VAT: Orbih tells South South Govs to embrace law, use proceeds for grassroots development
By Deborah Coker Benin, Sept. 11, 2021 The Peoples Democratic Party (PDP) National Vice Chairman, South South, Chief Dan Orbih,…
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Onyema joins Board of World Federation of Exchanges
By Itohan Abara-Laserian Lagos, Sept. 10, 2021 The World Federation of Exchanges (WFE) has elected Mr. Oscar Onyema, the Group…
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On the Value Added Tax (VAT) controversy and fiscal federalism in Nigeria By Professor Okechukwu Edward Okeke
The judgement of the Federal High Court in Port Harcourt on this matter was not a policy decision by the…
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Sanwo-Olu signs VAT Bill into law
Lagos State Governor Babajide Sanwo-Olu has signed into law the State VAT Bill as passed by the House of Assembly.…
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Capacity building: NSITF rolls out new plans, strategies for staff
The management of Nigeria Social Insurance Trustfund (NSITF) has revealed plans to review its training structure for more effective and…
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EFCC cautions banks against forex malpractices
The Commander of the Uyo Zonal Command of the Economic and Financial Crimes Commission, EFCC, ACE-1 Nwanneka Nwokike has warned…
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NNPC consolidates on gains, publishes 2020 Audited Financial Statements
Following up on President Muhammadu Buhari’s recent announcement of the declaration of two hundred and eighty seven billion Naira (N287bn)…
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At Cambridge, Bawa advocates global action against financial crimes
The Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa, has advocated collective and collaborative approach by…
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Stanbic IBTC PBT drops 52.85% in 6-month results
By Itohan Abara-Laserian Lagos, Sept. 6, 2021 Stanbic IBTC Holdings Plc on Monday posted a profit before tax (PBT) of…
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