IOC Says Nigeria Lost N2.3trn Revenue To Oil Theft In 12 Months   Nigeria has lost an opportunity to produce and sell about 65,700,000 barrels of oil in the last one year due to issues bothering on pipeline vandalism and the resultant oil theft. This translates to...

70% Of NNPC’s AKK Gas Pipeline Delivered, Project Not Abandoned – Kyari   The Nigerian National Petroleum Company Limited (NNPC) has spent $1.1 billion (about N506.6 billion) on the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project, delivering 70 per cent of the trunk welding. The Group Chief Executive Officer...

CBN Defends Forex Ban On Stockfish Importation   The Central Bank of Nigeria, has said that the foreign exchange restriction imposed on importation of stockfish was to resuscitate the domestic fishery industries, conserve foreign exchange (forex), and improve employment generation. This follows revelations by the Norwegian Seafood...

Stock Investors Lose N304bn In One Week   The All-Share Index and market capitalisation depreciated by 1.08 per cent to close the week at 51,355.74 as the market capitalisation shed N304bn to close the week at N27.963 tn. The year-to-date returns for investors have now settled...

Transaction Errors: 4.6million Customers Groan, Demand N137bn From Banks   Six Deposit Banks in Nigeria received 4,595,628 million complaints from their customers within a period of one year with the total amount of refund being claimed hitting N137.62bn. This was disclosed in the banks’ audited financial reports...

Osinbajo Calls for Energy Growth, Says Rapid Industrialisation Needed for Transition  Vice President Yemi Osinbajo has stated that the country needed to accelerate industrialisation to lift Nigerians out of energy poverty. He said this at the just concluded the Nigerian International Energy Summit in Abuja. “Nigeria needs...