Investors Stake N99bn In Equities   Heavy transactions in the shares of United Bank for Africa (UBA) FCMB Group Plc and Japaul Oil lifted the volume of shares traded last week as 4.2 billion shares worth N99 billion were recorded in 41,446 deals by investors on...

Dollar Exchanges For N876/$ As Forex Shortage Worsens   The naira maintained its downward trend against the dollar as it traded for 876/$ at the parallel market on Sunday. Some Bureau de Change operators said the local currency had earlier exchanged to the dollar at 820 a...

Lawmakers Reject DisCos' Planned Electricity Tariff Hike The House of Representatives, yesterday, rejected plans by the Distribution Companies (DISCOs) to increase electricity tariff in the country. It also resolved to set up an adhoc committee to determine the legality of the Excess Crude Account and also...

NNPCL, UTM Partner to Build First Floating Gas Plant In Nigeria  The Nigerian National Petroleum Company Limited and UTM Offshore Limited, on Thursday, signed a Heads of Terms agreement for the construction of Nigeria’s first indigenous 1.5 million tonnes per annum Floating Liquefied Natural Gas...

Fuel Contamination: Reps to Investigate, Probe Aviation Operators The House of Representatives has announced its intention to launch an investigation into the recurring problem of aviation fuel contamination in the country. The resolution was reached after the House adopted a motion of urgent public importance moved...

NCAA Investigates Fuel Contamination in Aircraft Operations The Nigeria Civil Aviation Authority has commenced an extensive probe into the recent incident involving water contamination in the fuel tanks of certain aircraft. The NCAA said the move was to prevent future occurrences of such safety breaches. Speaking at...