FG Says 23 Oil Blocks Failed to Produce Crude   No fewer than 23 oil blocks managed by both international and local oil companies, which are under crude oil Production Sharing Contracts with the Nigerian National Petroleum Company Limited (NNPCL) failed...

Former Petroleum Minister, Diezani, Charged to Court over Bribery Allegations   Former Minister of Petroleum Resources, Diezani Alison-Madueke, appeared before a UK Court on Monday. The ex-minister, who was charged with receiving bribes in the form of cash, luxury goods, flights on...

BUA Reduces Cement Price To N3,500 Per Bag   BUA Group has announced a reduction of ex-factory cement price to N3,500 per bag. The current ex-factory price is N4,650, while it is being sold. The current ex-factory price is N4,650, while it...

CBN Generates N532.5bn From Treasury Bills Sales   The Central Bank of Nigeria (CBN) conducted three rounds of Nigerian Treasury Bills (NTBs) auctions worth N532.5 billion in September, analysis of the primary market auction sheets showed. The breakdown showed offer of N203.2...

How Increased Exports Will Strengthen Naira – NEPC Boss   The Executive Director of the Nigerian Export Promotion Council (NEPC) Dr Ezra Yakusak, said increased exports would stop the free fall of the naira against the dollar and also improve the...

11 Banks’ Non-performing Loans Hit N1.67trn   Following write-offs, restructuring of facilities, Global Standing Instruction (GSI) and credit risk management as a result of economic challenges, a total of 11 banks recorded N1.67 trillion non-performing loans (NPL) during the first half...