NNPC Pledges Crude Supply To 20,000bpd Lagos Refinery   The Nigerian National Petroleum Corporation has committed to supply crude oil to a refinery project on Tomaro Island in Lagos, with a capacity of 20,000 barrels per day. Integrated Oil & Gas Limited, the promoters of the Eko...

FG, Shell In Talks Over Sale Of Nigerian Oil Assets       The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said the Federal Government is in talks with Shell over the planned sale of the company’s stakes in Nigeria’s onshore oil assets. The Nigerian oil...

CBN Freezes Eleven Bank Accounts     The Central Bank of Nigeria on Wednesday said it got an order from the Federal High Court, Abuja division, to freeze 11 bank accounts to enable it conduct investigations into suspicious activities. It disclosed this in two documents posted on its...

Banks’ Loan Defaulters Almost Wrecked Nigerian Economy – AMCON         The Asset Management Corporation of Nigeria has said that loan defaulters of Deposit Money Banks who are on its books almost crashed the Nigerian economy if not for its intervention. AMCON, an agency of the Federal Government,...

Jimoh lbrahim, NICON Investment Tackle AMCON       NICON Investment and billionaire businessman Jimoh lbrahim are set to approach the court for an order quashing the interim injunction obtained by AMCON against them. AMCON had in a statement last week said it had taken over Ibrahim’s assets over...

AMCON Seizes Jimoh Ibrahim’s Assets Over N69.4bn Debt         The Asset Management Corporation of Nigeria announced on Wednesday that it had taken possession of 12 assets belonging to Mr Jimoh Ibrahim, the chief promoter of Global Fleet Oil & Gas Limited and NICON Investment Limited, in...