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NNPC spends N623.16bn on fuel

Despite claims to the contrary, the Nigerian National Petroleum Corporation (NNPC) has reported to the Federation Account Allocation Committee (FAAC) that it sp

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Posted On: 26 Dec 2018

Otedola To Sell Forte Oil Sha

The Chairman of Forte Oil Plc, Mr Femi Otedola, has announced his decision to sell all his shares in the firm’s downstream business.   This is comi

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Posted On: 25 Dec 2018

CBN announces truce with MTN

The Central Bank of Nigeria has announced the resolution of its dispute with MTN Communications Limited, saying the company will now atone only for the illegal

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Posted On: 25 Dec 2018

Illegal charges, frauds vs int

THE financial sector, especially the banking services system, reflects the moral compass of any economy. Where the integrity of this compass is compromised the

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Posted On: 24 Dec 2018

How intrigues, lapses, losses

A persistent breach of governance rules, particularly manifested in avoidable exposure to the oil sector, leading to huge Non-Performing Loans (NPLs), and board

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Posted On: 24 Dec 2018

Akwa Ibom floats airline

Akwa Ibom State Governor, Mr Udom Emmanuel has announced the take off of the Akwa Ibom State owned new airline company.   The governor who disclosed this

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Posted On: 24 Dec 2018

Foreign Portfolio Investments

Foreign Portfolio Investors (FPI) withdrew more than N94.4 billion between July and September 2018 from the Nigerian Stock Exchange (NSE), THISDAY has learnt.

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Posted On: 24 Dec 2018

Access and Diamond Deal is Pos

One of the leading global rating agencies, Moody’s Investors Service, has stated that the recent business combination agreement between Access Bank Plc an

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Posted On: 22 Dec 2018

DIAMOND BANK: BIRTHED BY THE

Mr. Pascal Dozie founded and nurtured Diamond Bank from 1991 to 2005. After growing the bank to an enviable height for 14 years, he relinquished the Chief Execu

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Posted On: 21 Dec 2018

Apple risks iPhone ban in Germ

A German court on Thursday found in favour of US chipmaker Qualcomm in a patent dispute case against Apple, which could lead to a ban on sales of iPhones in Ger

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Posted On: 21 Dec 2018

Shell grows Bonga oil product

Crude oil production from the deepwater asset of the Shell Nigeria Exploration and Production Company (SNEPCo), Bonga field, has reached over 800 million barrel

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Posted On: 18 Dec 2018

Nigeria makes early gains at I

Nigeria has emerged one of the early gainers of the maiden Intra-African Trade Fair (IATF), in Cairo, Egypt, as it had sealed a $2.24 billion deal for regional

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Posted On: 17 Dec 2018

10 most lucrative businesses i

Starting a business in Nigeria may be a bit difficult, especially if you are a bit confused about what business to venture into.   Here is a list of top

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Posted On: 17 Dec 2018

Boeing opens first 737 plant i

Boeing Co (BA.N) opened its first 737 completion plant in China on Saturday, a strategic investment aimed at building a sales lead over arch-rival Airbus (AIR.P

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Posted On: 15 Dec 2018

African airlines to register n

African carriers are expected to report a net loss of $300 million in 2019, the International Air Transport Association (IATA) has said.    This is,

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Posted On: 13 Dec 2018

FIRS generates N5tr, targets N

Excutive Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowaler, has disclosed that the service generated N5 trillion by the second week of De

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Posted On: 13 Dec 2018

Non oil sector boosts output a

The National Bureau of Statistics on Monday released the country’s Gross Domestic Product report for the third quarter of the year with the economy record

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Posted On: 11 Dec 2018

Diamond bank partners Faceboo

Diamond bank Plc in collaboration with Facebook and Affrinolly is set to project Nigeria’s young entrepreneurs to the digital world.   Addressing j

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Posted On: 10 Dec 2018

Oil Soars After OPEC And Partn

Oil prices shot up on Friday after the stubborn holdout Iran agreed to have OPEC reduce oil production by a total of 800,000 bpd, while non-OPEC nations, led by

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Posted On: 08 Dec 2018

Despite tariff, China posts

China’s trade surplus with the United States ballooned to a record $35.6 billion in November, official data showed Saturday.   In contrast, China i

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Posted On: 08 Dec 2018

OPEC waiting for Russia before

OPEC has made a planned cut in oil output effectively conditional on the contribution from non-OPEC producer Russia, delegates said on Thursday as the group gat

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Posted On: 06 Dec 2018

Forget oil marketers’ t

The Nigerian National Petroleum Corporation on Monday said that Nigeria will not encounter a scarcity of Premium Motor Spirit, popularly known as petrol, this s

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Posted On: 04 Dec 2018

AfDB okays fresh $200m loan f

The Federal Government has secured a loan of $200 million to fund its electrification project.   The African Development Bank (AfDB) Group yesterday said

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Posted On: 04 Dec 2018

Nigerian Stock Market lost N58

The nation’s stock market weakened as it recorded a N581bn loss in November.   The market capitalisation of equities listed on the Nigerian Stock E

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Posted On: 03 Dec 2018

We’ll miss 2019 target

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said the plan to get the nation’s ailing refineries to work at almost full capacity wi

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Posted On: 27 Nov 2018

Moremi Elekwachi to Nigerian y

CEO of Euphorique PR, Moremi Elekwachi, 31, speaks with Tofarati Ige on her business and other issues   What is your educational history?   I atte

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Posted On: 25 Nov 2018