Nigerians should prepare for another increase in the pump prices of petrol, due to the continued scarcity of foreign exchange to finance the importation of the product, oil marketers have said. According to them, the United States dollar hit an all-time high last week, as...

There is a crack in the ranks of the Niger Delta Avengers (NDA). This came to the fore as a splinter group renounced its membership of the dreaded and destructive Niger Delta Avengers and embraced dialogue, promising to expose other members of the group and...

In order to optimally manage and plan their foreign exchange (FX) requirements and transactions more easily, manufacturers in country have started taking advantage of the over-the-counter (OTC) FX Futures market. This is just as the Managing Director/CEO of FMDQ, Mr. Bola “Koko” Onadele, said that...

The Nigeria National Petroleum Corporation (NNPC) has reported a loss of N26.51bn in its June 2016 operations, a month after it declared N274 million first profit in 15 years. The corporation’s latest monthly financial and operations report showed that out of N₦118.39bn revenue it earned...

The National Security Adviser (NSA) Babagana Monguno has said government would withdraw the operating licenses of fertilizer plants in Nigeria over alleged exports that have caused scarcity. He spoke in Abuja during a meeting with representatives of Notore Petrochemical and Indorama Eleme Petrochemical, the only...

The United States government, in its latest travel advisory to its citizens living in Nigeria, has listed 20 of Nigeria’s 36 states as unsafe and advised them to stay away from them. Among the 20, it cited Borno, Adamawa and Yobe as complete no-go areas...