President Muhammadu Buhari on Thursday directed the Ministry of Finance and the Central Bank of Nigeria to act with dispatch in releasing the second tranche of the London-Paris Club refunds to states. A statement by the president’s Senior Special Assistant...

Asset Management Corporation of Nigeria, AMCON, have commenced settlement of salaries arrears of disengaged staff of moribund Delta Steel Company, DSC, Ovwian/Aaladja, Udu council area, Delta State, provoking mixed feelings among beneficiaries. The arrears were accumulated when Global Infrastructure Nigeria...

The Nigerian Communications Commission (NCC), in partnership with the Central Bank of Nigeria (CBN), has successfully staved off the takeover of Etisalat Nigeria telecommunications company by a consortium of banks over a loan of N200 billion. The Executive Vice Chairman...

The House of Representatives has urged the Nigerian National Petroleum Corporation (NNPC) and other relevant agencies to urgently regularise the supply of kerosene nationwide in order to normalise its pump price. The House also mandated its Committee on Petroleum Resources...

Despite the harsh economic climate, which impacted negatively on the hospitality industry, Transcorp Hotels Plc recorded an increase in profit after tax from N3.6bn in 2015 to N3.7bn in the 2016 financial year. The Chairman, Board of Directors, O’tega Emerhor,...

Nigeria, which again lost its Africa’s top oil producer status to Angola in January, has recorded further decline in its crude oil production, a new report from the Organisation of Petroleum Exporting Countries has indicated. OPEC, in its Monthly Oil...