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Abuja
Monday, September 16, 2019

NECA Clarifies Retrenchment in Banks

The Nigeria Employers’ Consultative Association has clarified the alleged retrenchment of workers by some Deposit Money Banks in the country. The representative of employers’ in...

PENGASSAN to Withdraw Members From Oil Locations

The Petroleum and Natural Gas Senior Staff Association of Nigeria has ordered its members to leave their duty posts in all oil installations and...

Oando Returns to Profitability, Reports N4.1bn Profit in Q1

Prospects of Oando Plc’s shareholders receiving dividend soon have brightened as the indigenous energy group has bounced back into profitability for the first quarter...

Consumers Groan as Price of Cooking Gas Increases

The price of Liquefied Petroleum Gas (LPG), otherwise called cooking gas has increased in the last few weeks in Lagos, Abuja and many other...
Naira Dollar

Banks in Competitive FX Trading as Demand for School Fees, Others Shrink

Trading on the recently introduced Nigeria Interbank Foreign Exchange (NIFEX) has revealed huge volume of activities by both commercial and merchant banks with competition...

Stop Selling Tickets in Dollars, NCAA Warns Airlines

The Nigerian Civil Aviation Authority on Sunday directed airlines operating in the country, particularly foreign carriers, to immediately stop the sale of air tickets...
Godwin Emefiele CBN Governor

Emulate Dangote’s Spirit, Emefiele Tells Youths

The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has enjoined Nigerian youths to emulate the entrepreneurial spirit of Africa’s richest man...

NCC Enforces Ban on Unsolicited Messages, Calls

Following a directive to telecommunications service providers by the Nigerian Communications Commission, the operators on Friday activated the ‘Do not disturb’ facility, which gives...

Nollywood Plays Significant Role in Nigerian Economy- Adeosun

The Minister of Finance, Mrs Kemi Adeosun has said the Nigerian movie industry otherwise known as Nollywood, played a very important role in the...

Nigeria’s Shea Butter Production Receives EU Support

Nigeria’s shea butter production has received the support of the European Union. A statement from the Standards Organisation of Nigeria indicated that the European Union...

N2.5bn CBN Entrepreneurship Loan Empowers 1500 Youths

The Central Bank of Nigeria (CBN) has flagged off the pilot phase of the Youth Entrepreneurship Development Programme (YEDP) in Abuja aimed at empowering...

NEITI: How DPR Undervalued NNPC’s 8 Oil Blocks

The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Mr. Waziri Adio has explained how the Department of Petroleum Resources (DPR) undervalued...

NERC Gives Discos Four Months to Provide Meters for Maximum Demand Consumers

The Nigerian Electricity Regulatory Commission (NERC) has given the 11 electricity distribution companies (Discos) in Nigeria a four-month deadline to provide meters to all...

Fashola: Accurate National Census Needed to Plan Power Supply

The Minister of Power, Works and Housing, Mr. Babatunde Fashola has said Nigeria needs a full audit of electricity consumers in the country, through...
Refineries

Nigeria Seeks $50bn Oil Investment From China, Others

Nigeria is seeking $40bn to $50bn investment in oil projects with the commencement of a major road show in China, the Minister of State...
Kemi Adeosun Finance Minister

FG Releases N109bn For Capital Projects

Out of the N350bn set aside for capital spending in the first and second quarters of this year, about N109bn has been released by...
barrel

Oil Price Slumps to $46 Amid Brexit Concerns

Global oil benchmark, Brent crude, traded sharply lower on Monday, extending its declines following Britain’s vote to exit the European Union on Thursday. The dip...

Banks Borrow N420b to Ease Liquidity Pressure

...Naira settled-OTC futures begins today ...Market awaits N305b budget disbursement this week The nation’s Deposit money banks at the weekend, raised their cumulative borrowings from the...

NEITI, EFCC Go After Oil Firms Over Unremitted $11 Billion

...2.5b, wants culprits tried ...Senate begins review of report today The Economic and Financial Crimes Commission (EFCC) will soon embark on probe of erring oil firms...

Power Firms Reel Under N44bn Military Debts

  The N44.5bn electricity debt owed by the military is weighing on the activities of power distribution firms across the country. Daily Trust findings show that...