Dangote Building Largest Oil Refinery In Lagos
Africa's richest man is building one of the world's largest oil refineries.
Nigeria has a problem: The country is one of the world's top oil...
Nigeria Earns N1.05trn From Oil, Gas Export In 3 Months
Nigeria earned N1.052 trillion from the export of crude oil, gas and other petroleum products in three months, between January and March 2016, according...
N’Delta Militants Strike Chevron Again As Nigeria Risks Losing Oil Market To Iran
Following the incessant production outages and force majeure declared on exports of some grades of Nigerian crude oil, which have created supply uncertainty to...
Amaechi: Why FG Wants IMO To Audit Maritime Sector
The Minister of Transportation, Mr. Rotimi Amaechi on Monday said the International Maritime Organisation (IMO), a specialised agency of United Nations,, agency is being...
Nigeria Targets $100bn From Non-oil Exports – NEPC
As Nigeria moves towards diversifying the economy, the Nigerian Export Promotion Council (NEPC) has set a long-term target of achieving $100billion earnings from non-oil...
Diesel, Kerosene Prices Skyrocket Nationwide
The prices of Automated Gasoline Oil (AGO) or diesel and household Kerosene have skyrocketed across the country.
Diesel dealers told our correspondents that scarcity of...
FG to issue $1bn Eurobond in Q3 2016
To secure $3bn WB, AfDB loan
Naira depreciates to N375/$
As depreciation impairs terminal operators’ earnings by 238% —Report
The Federal Government has said...
NNPC Lost N19.43bn In April – Report
The Nigerian National Petroleum Corporation lost N19.43bn in the month of April, as the country’s crude oil production dropped from 59.27 million barrels recorded...
Dangote Sugar, CAP Lead N130bn Market Loss
Dangote Sugar Refinery Plc, CAP Plc, Airline Services and Logistics Plc, Portland Paints and Products Nigeria Plc and Nigerian Breweries emerged the top five...
Emefiele To Meet Bank CEOs Over Sacking, Forex Policy
Barring any last-minute change in plans, the Governor of Central Bank of Nigeria, Mr. Godwin Emefiele, will today meet with Managing Directors and Chief...
Due Process Stalls Release Of N350bn To Economy –FG
The Federal Executive Council (FEC) has given Ministries, Departments and Agencies (MDAs) ultimatum to fast track the processes for the capital budgets to be...
OPS Blasts FG Over Threat Of Banking Licence Revocation
… As Senate summons Ngige over Threat
Nigerians have been reacting to the recent Federal Government threat to revoke the operating licenses of banks and telecommunication...
Telecom Sector Adds N1.41bn to GDP In Q1 Of 2016 – NBS
The National Bureau of Statistics (NBS) said that the telecommunications sector contributed N1.41billion to the country’s Gross Domestic Product (GDP) in the first quarter...
Shell To Remain In Nigeria Despite Attacks Exit 10 Countries
Royal Dutch Shell plans to end its operations in 10 countries and sell 10 percent of its production as part of a $30 billion...
Contec Global Secures NERC Approval To Build 10mw Gas Plant
CONTEC Global Energy Limited (CONTEC Global) has acquired the requisite approval from the National Electricity Regulatory Commission (NERC) to establish a 10 megawatts gas-based...
Current Lending Rate Not Making Mining Operations Profitable
THE current bank lending rate of 20-27 per cent will not make mining operations profitable in Nigeria.
The Zonal Chairman, Nigerian Society of Mining Engineers,...
Network Failure Looms Over FX scarcity – Telcos
Lack of access to foreign exchange is killing telecommunications business in Nigeria and may soon put the sector in serious jeopardy if the Federal...
Kia Motors Sells 261,269 Vehicles In May
Kia Motors Corporation said it recorded a sales growth of 3.4 per cent globally last month compared to its performance in the same period...
Naira Falls To 361 As Dollar Demand Increases
The naira, which has come under pressure in recent days, fell to 361 against the United States dollar at the parallel market on Tuesday,...
Mass Sack: FG Threatens To Revoke Bank Licenses
The federal government has threatened to withdraw the operating license of any bank and telecommunication company that failed to yield to its earlier directive to...
