Business

Nigeria Most Expensive For Upstream Projects – Kyari         The Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mele Kyari, has disclosed that Nigeria remains one...

Nigeria Resumes Petrol Import From China       Nigeria, Africa’s biggest oil producer and exporter, has resumed importation of petrol from China, the world’s top crude oil...

Continued Border Closure Counterproductive – MAN President       The Manufacturers Association of Nigeria has said the continued closure of the nation’s land borders is counterproductive to...

Buhari To Go Tough On Discos, Agents Selling Prepaid Meters         President Muhammadu Buhari, has reiterated his resolve to mete stiff measures to any of the...

Aviation: Recovery In Sight As Local Airlines Scale Up Operations         At least three local airlines have shown signs of early recovery from COVID-19 lockdown, with...

TCN Commissions 2 Power Projects, Targets 5 Others         The acting Managing Director of the Transmission Company of Nigeria (TCN), Engr. Sule Ahmed Abdulaziz, has said...

Stock Market Down By N42bn On Profit-taking         The Nigerian equity market returned to negative territory on Wednesday as investors began to take profits to increase...

Exporters, Agents Lament Difficulties In Obtaining CBN Proceeds Number       Nigerian exporters have lamented the difficulties and undue stress in obtaining the Nigerian Export Proceeds Number,...

Disconnect Customers Rejecting Meters, NERC Orders Discos         The Nigerian Electricity Regulatory Commission on Wednesday ordered power distribution companies to start disconnecting electricity consumers who reject...

Naira Bounces Back, Appreciates To N470/$ In Parallel Market       The naira this morning reversed its two weeks loss to the dollar in the parallel market,...

Controversy Rages Over N4bn Airline Bailout         There is a raging controversy over the approved disbursement of the N4 billion bailout for airline operators to reduce...

CBN To Fund CNG Infrastructure With N250bn         The Central Bank of Nigeria (CBN) will make N250 billion available for infrastructure funding in a bid to...

Stock Market Extends Gains By N55bn          Nigerian stock market sustained its positive outlook on Tuesday to begin the month of December on a positive note...

$53m Foreign Airlines’ Funds Trapped In Nigeria - IATA         Foreign airlines trapped funds in Nigeria currently stand at $53 million, according to the International Air...

It’ll Be Cheaper To Run Gas-fired Vehicles – Fed Govt         The Federal Government on Tuesday at the inauguration of the autogas scheme in Abuja said...

World Airlines Rally Governments To Financial, Regulatory Support         World airlines have again hinged the industry’s rebound from the effects of the COVID-19 pandemic on governments’...

Deep Blue Project: Minister Threaten To Withhold Contractor’s Fee         The Minister of Transportation, Mr. Rotimi Amaechi, has threatened to withhold the balance of the contract...

CBN Issues New Directives On Foreign Currency Payment Of Diaspora Remittance         The Central Bank of Nigeria CBN) has issued fresh directives to International Money Transfer...

Nigeria’s Oil Rig Count Drops By 30% In One Month       Nigeria’s active rig count has dropped significantly by 30 per cent to seven in October...

Nigerian Equities Net N2.35trn Gain In November         Investors in Nigerian equities recorded their biggest gain in recent months in November as sustained bargain-hunting saw the...