As four of the nation’s crude oil grades remain under force majeure and the schedule for two other grades face delay, the country is losing at least N10.7bn in revenue daily. Following the declaration of force majeures on the grades, more than 700,000 barrels per...

Power distribution companies have said they are currently losing over N1bn every month as a result of limited electricity evacuation capacity of the Transmission Company of Nigeria. According to the Discos, the poor transmission infrastructure in Nigeria is a major contributory factor to the liquidity...

The Central Bank of Nigeria on Tuesday wielded the big stick as it barred nine Deposit Money Banks from the nation’s foreign exchange market for failing to remit the sum of $2.334bn belonging to the Nigerian National Petroleum Corporation to the Treasury Single Account. President...

...Ijaw Youths Council hails cessation of hostilities The ceasefire announced by the militant group, the Niger Delta Avengers, on Saturday night has offered new hope for the resolution of the crisis in the oil-rich region as several stakeholders welcomed the development on Sunday. Leading the pack...

The Nigerian Bulk Electricity Trading Plc (NBET) and Central Bank of Nigeria (CBN) are currently negotiating new financial stimulus worth N180 billion to support electricity operators in Nigeria’s power sector, THISDAY has learnt. The paper gathered from an exclusive interview with the acting Managing Director...

The Federal Government has started compiling the list of legislators in both chambers of the National Assembly over constituency projects earmarked for them in the 2014 and 2015 budgets, which were not executed. The sum of N100bn was earmarked for constituency projects in each of...