The Nigerian Maritime Administration and Safety Agency says it is embarking on a debt recovery measure aimed at collecting about $5bn from its debtors. A statement by NIMASA recalled that debts owed the agency by various operators in the maritime...

...Seek dollars to stockpile petrol ahead of Christmas, decry multiple taxation  ...NNPC: Egina to add 200,000bpd to Nigeria’s oil output by 2018 Despite the preferential foreign exchange rate given to oil marketing firms by the international oil companies (IOCs), aimed at...

The daily losses being recorded by operators in the power sector have reduced as electricity generation picks up gradually across the country. An analysis of the power industry statistics obtained by our correspondent in Abuja showed that the average daily...

The value of banking (financial services) industry stocks crashed by N5.2bn last week. At the end of last trading of the week on the floor of the Nigerian Stock Exchange on Friday, the financial services industry (measured by volume) had...

The Nigerian National Petroleum Corporation, NNPC, has restated its commitment to the development of Nigerian content in the oil and gas industry. Group Managing Director of the Corporation, Dr. Maikanti Baru, made the remarks in a keynote address at the...

Naira has slipped to 485 to a dollar today, Friday, 30 September at the parallel market following the scarcity of the foreign exchange in the country. Some traders in Lagos and Abuja said the naira nears 490 a dollar in...