Reduction of Nigeria’s oil JVs equity my priority — Sylva
Currently, the NNPC holds about 60 per cent equity in all the joint venture operating agreements in the oil and gas industry.
Why CBN approved new bank charges, proposed VAT increase – Emefiele
Mr Emefiele says there was nothing new in the bank charges announced on Tuesday.
Lack of cost-reflective tariffs discouraging investment in Nigeria’s electricity sector
“Investors must cover their costs to make further investments,” said Mr Okeke of Azura Power
MTN plans to raise N100 billion from commercial paper
An MTN official suggested the firm would issue the commercial paper through the Nigerian Stock Exchange.
CBN imposes additional charges on transactions on individual bank accounts
Nationwide implementation of cashless policy effective March 31, 2020, CBN says.
Dana Air takes delivery of first Boeing 737 aircraft
The arrival of the new aircraft is confirmation of the airline’s commitment to increase its capacity and meet the demands of its guest.
Andela lays off over 250 engineers in Nigeria, other African countries
The form says it Wants to focus on experienced talents.
Saudi, Gulf stocks fall after attacks on Aramco oil plants
Aramco has agreed to buy a 70 per cent stake in SABIC from the Saudi state Public Investment Fund.
BPP: Purchasing military hardware from other nations could compromise Nigeria’s security
“Military hardware purchased from other nations puts the country at a disadvantaged position…”
UPDATED: NLNG shareholders agree to construct multi-billion-dollars Train 7
The Managing Director of NLNG, Tony Attah, said the signing of the Letter of Intent will pave the way for the commencement scheduled for the end of October this year.
Digital technologies are transforming African businesses, but obstacles remain
Digital technologies are playing a role in Nigeria’s agricultural sector too.
CBN releases regulation for electronic payments, collections
The regulation is a revision of the Guidelines on Electronic Payment of Salaries, Pensions, Suppliers and Taxes in Nigeria (2014).
Oil rises as Saudi signals OPEC cuts to continue under new minister
A Saudi official said on Sunday there would be no shift in Saudi and OPEC policy.
How NNPC secured positive judgement against ESSO, Shell in U.S. – Official
ESSO referred its claims to arbitration in Nigeria and obtained an Arbitral Award of $1.799 billion on October 24, 2011.
IMF removes age limit for position of managing director
The position of IMF chief has always been held by Europeans.
Are Facebook, Google truly spying on you? Here’s a new clue
The conspiracy theory suggests that Facebook ”listens to users through their cell phones in order to collect information with which to serve them ads”.
Oando announces ‘significant gas discovery’ in Niger Delta
NNPC owns 60 per cent stake in the project, while Oando and NAOC, the operator controls 20 per cent each.
Ex-PenCom DG gets African Development Bank appointment
The appointee will oversee the bank’s annual forum which is holding this year in South Africa.
Julius Berger Nigeria Plc joins consortium to bid for projects in Philippines
The company is bidding for the project as a partner in a consortium with Frey-Fil Corporation in the Philippines
Daar Communications reports N2.2 billion loss despite increased revenue
Mr Dokpesi said the about N925 million increase in revenue during the year did not translate into profitability.
Nigeria loses 22 millions barrel of crude oil in six months — Gov Obaseki
The governor said the figure could double by the end of the year.