About 254 indigenous and foreign owned entities submitted bids for the sale and purchase of the Federal Government equity crude under the 2018/2019 crude oil…
View More 254 firms struggles to buy Nigerian crudeCategory: Business
Foreign reserves peak at $40bn
The nation’s foreign reserves currently stand at $40.4 billion highest level since October 2014. This represents an increase of about $1 billion between December 2017…
View More Foreign reserves peak at $40bn34 ships with petrol, others expected
Thirty four ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin Can Island Ports in Lagos from…
View More 34 ships with petrol, others expectedFuel scarcity: Buhari government looting economy, says PDP
The Peoples Democratic Party (PDP) has accused the President Muhammadu Buhari-led Ministry of Petroleum Resources of using fuel crisis in the country to loot the…
View More Fuel scarcity: Buhari government looting economy, says PDPSelling of petrol at 145 no longer feasible, may sell above N175, says Kachikwu
The Minister of State for Petroleum, Ibe Kachikwu, said yesterday that the perennial petrol scarcity and price instability would only stop when the Federal Government…
View More Selling of petrol at 145 no longer feasible, may sell above N175, says KachikwuStock market All-share index appreciates by 1.3 per cent
Equity transactions on the Nigerian Stock Exchange (NSE) rebounded yesterday, as virtually all the blue chip companies appreciated in price, causing the All-share index to…
View More Stock market All-share index appreciates by 1.3 per centNew Abuja airport’s terminal to gulp another $400m
Minister of State for Aviation Hadi Sirika yesterday said the new Nnamdi Azikiwe International Airport terminal would cost additional $400million to be completed. Sirika who…
View More New Abuja airport’s terminal to gulp another $400mRevealed: FG, States Share N5.64 Trillion in 2017
The Federal Ministry of Finance,said it distributed about N5.64trillion revenue generated in 2017 to the three tiers of government, namely federal, state and local governments…
View More Revealed: FG, States Share N5.64 Trillion in 201710 modular refineries ready soon – Osinbajo
Vice President Yemi Osinbajo has confirmed that 10 modular refineries were at advanced stages of development in the Niger Delta. According to his Special Assistant…
View More 10 modular refineries ready soon – OsinbajoNigeria’s trade balance increases from deficit in 2016 – Presidency
Presidential Spokesman, Mr Femi Adesina says that Nigeria’s trade balance increased from deficit in 2016. Adesina, the Special Adviser on Media and Publicity, made this…
View More Nigeria’s trade balance increases from deficit in 2016 – PresidencyPower sector loses N540b to gas, water, transmission
Nigeria’s electricity sector lost more than N540 billion to series of constraints that beset its operations in 2017, which made it difficult for the operators…
View More Power sector loses N540b to gas, water, transmissionNSE listed among best five performing stock exchanges
S&P Dow Jones Indices has listed the Nigerian Stock Exchange (NSE) as one of the best five stock exchanges globally. CNNMoney reports that other stock…
View More NSE listed among best five performing stock exchangesAfDB sign $253m donor MoU with France
The Africa Development Bank (AfDB) has signed a concessional donor loan agreement with France to the tune of $ 253 million as support for the…
View More AfDB sign $253m donor MoU with FranceNEPZA licenses three new free trade zones
The Managing Director of Nigeria Export Processing Zone Authority (NEPZA), Hon. Emmanuel Jime, has disclosed that the Authority has licensed three new Free Trade Zones…
View More NEPZA licenses three new free trade zonesPower: Transmission hits 5,222 megawatts
The ministry of power says the Transmission Company of Nigeria (TCN) successfully transmitted 5,222 megawatts of power to the national grid, the highest transmission in…
View More Power: Transmission hits 5,222 megawattsNNPC not FG bears the cost of fuel subsidy- Osibanjo
Vice President Yemi Osinbajo clarified today that the NNPC and not the Federal Government pays for the fuel subsidy that has emerged with the N171…
View More NNPC not FG bears the cost of fuel subsidy- OsibanjoFuel crisis to be resolved soon- Osinbajo
The Buhari administration is doing everything possible to quickly resolve the fuel shortages experienced by Nigerians, Vice President Yemi Osinbajo, SAN, has said. Prof. Osinbajo…
View More Fuel crisis to be resolved soon- OsinbajoFG to pay N40.70 on every litre of petrol to retain N145
The federal government will have to pay N40.70 for every litre of imported petrol to maintain retail price at N145 per litre. Maikanti Baru, group…
View More FG to pay N40.70 on every litre of petrol to retain N145‘We are expecting Petroleum products in 40 vessels’
At least 40 vessels are expected to arrive Lagos ports this week, with petroleum products taking the lead with nine tanker vessels laden with Premium…
View More ‘We are expecting Petroleum products in 40 vessels’Fair participants confirm investment security in Rivers
The success of the just-concluded, 2017 Port Harcourt International Trade Fair, has been described as a strong pointer that Rivers State is safe for business…
View More Fair participants confirm investment security in RiversLCC reverses itself on Lekki/Ikoyi toll hike
Lekki Conservation Company (LCC) has said it will no longer increase the fares on the toll gate at the Victoria Island end of the Lekki-Epe…
View More LCC reverses itself on Lekki/Ikoyi toll hikeOsun’s modulated salary structure: Facts behind the figures
Some days to the beginning of a general strike by workers, Osun State explains that it is not owing the workers as it has been…
View More Osun’s modulated salary structure: Facts behind the figuresFayose orders sale of petrol at N145/L in Ekiti govt house
Governor of Ekiti, Ayodele Fayose, says he has ordered 80 percent of the petrol in the government house dump to be pumped out and sold…
View More Fayose orders sale of petrol at N145/L in Ekiti govt houseN750b cash-backing: MDAs yet to be credited
In the outgoing 2017, about N1.2t may have been paid out (N1.1t to ministries, departments and agencies (MDAs) for implementation of projects captured in the N2.…
View More N750b cash-backing: MDAs yet to be credited