Business

OPEC Seeks Oil Recovery, Continues Production Cut Talks       The Organisation of the Petroleum Exporting Countries will, on Tuesday, continue its discussion on the extension oil...

Interventions Drive Daily I&E Window Sales To $150m - Emefiele         The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said interventions introduced by...

Airlines Hike Airfares By 100% As Operating Costs Rise       The cost of air tickets along several routes have doubled due to the high demand for...

In Nine Months, 12 Banks Earn N133.92bn From E-payments         Increased investment in technology and the introduction of new online payment channels have earned Nigerian banks...

NARTO Loses Over N2bn Cash, 100 Trucks To #EndSARS         The Nigerian Association of Road Transport Owner (NARTO) at the weekend counted the losses it incurred...

Fed Govt Plans One Million Gas-fired Vehicles By 2021       The Federal Government on Sunday announced that President Muhammadu Buhari, will roll out the National Gas...

Despite COVID-19 Harsh Conditions, Banks’ Profits Rise To N677bn       Despite the economic meltdown caused by the COVID-19 pandemic, the nine months 2020 financial results of...

Insurers Losing Oil, Gas Premiums To Foreigners – NAICOM       The Commissioner for Insurance, Mr Sunday Thomas, has said the essence of the local content law...

Stock Market Extends Weekly Gains By N390bn         Transactions on the Nigerian stock market last week sustained positive sentiment as the All-Share Index and market capitalisation...

Parallel Market Responds To Devaluation, As Dollar Trades At N500       The parallel market has responded to the fresh devaluation of the naira amidst growing foreign...

OPEC Ministers Meet On Oil Cuts       Top energy decision makers from across the Organisation of Petroleum Exporting Country (OPEC) are scheduled to meet today in...

NNPC Begs Labour For One Week Grace To Consult On Reversal Of Fuel Price         The Nigeria National Petroleum Corporation, NNPC, on Thursday night, requested that...

Oil Drops To $47 As Fate Of OPEC+ Deal Uncertain         The international oil benchmark, Brent crude, pared some of its recent gains on Thursday as...

Export Proceeds, Remittances Diverted To Parallel Markets Weakening Naira         The continued diversion of export proceeds by exporters and diaspora remittances inflows to the parallel market...

Reps Demand Details Of NNPC Expenditure, JV Cash Calls, Others         The House of Representatives’ Committees on Petroleum Upstream, Downstream and Gas Resources, yesterday asked the...

PAN Urges Fed Govt To Save N10trn Poultry Industry       Livestock farmers under the aegis of the Poultry Association of Nigerian (PAN) have appealed to the...

'Twenty States, Firms To Implement Methanol Fuel Technology'         Over 20 states and private companies are set to partner the Federal Government to implement the methanol...

Businesses In Abuja Lost N900m In Recent Protests - ACCI         President of the Abuja Chamber for Commerce and Industry (ACCI), Prince Adetokunbo Kayode, has said...

Fed Govt Hands Over N105.3bn Power Plant To Transcorp       The Federal Government on Thursday handed over the N105.3bn Afam Power Plant to Transcorp Power Consortium...

Domestic Refining’ll Annually Save Nigeria $5bn – Waltersmith       Waltersmith Group, an indigenous oil and gas firm, has said Nigeria can save up to $5bn annually...