Oil thieves set Agip pipeline on fire in N/Delta Unscrupulous people, described as crude oil thieves have set fire on an oil pipeline, belonging to Italian oil giant Agip at Ubeta community in the Ahoada West Local Government Area of...

E-Payment Transactions up by N231tn The total value of transactions through various electronic payment (e-payment) channels in the country has risen sharply by 103 per cent to a total of N231.247 trillion as at June 2019, compared with the N138.672...

Nigeria targets Shares Reduction in Oil JV Firms to 40%- Sylva The Federal Government plans to gradually reduce its stakes in Oil Joint venture firms to 40 percent, Minister of State for Petroleum Resources, Chief Timipre Sylva has said. The Minister...

FAAC Shares N740.88bn for August 2019 The Federal Government, States and Local Government Areas (LGAs)  shared N740.88 billion as federal allocation for the month of August, 2019. This was contained in a communique issued at the end of the Federation Accounts...

DMO Gets N197.03bn Oversubscription On Treasury Bills The Debt Management Office(DMO) has recorded an oversubscription of N197.03bn on its Treasury bills auction of September 18, 2019. The DMO offered N3bn, N8.39bn and N168.36bn across the 91-day, 182-day and 364-day tenors. The 91-day...

$1.3bn Crude Oil Lost In 6 Months, Governors Say Nigeria lost $1.3bn worth of crude oil to theft and pipeline vandalism in the first six months of 2019, according to state governors, who looked into the criminal cases in the...