News Reports

An oil vessel used to illustrate the story An oil vessel used to illustrate the story

Oil falls as U.S.-China trade deal prospects dim

U.S. President Donald Trump said on Wednesday that the two countries were close to finalising a trade deal, but he fell short of providing a date or venue for the signing ceremony, disappointing investors.

Crude oil extraction [Photo credit: Bloomberg]

Growth in global oil demand to slow from 2025 – IEA

Oil use in passenger cars is, however, seen peaking in the late 2020s as drivers switch to electric vehicles.

Finance minister, Zainab Ahmed. [PHOTO CREDIT: Daily Trust]

Why Finance Bill 2019 is crucial to Nigeria’s economic growth – Finance Minister

The bill, which President Muhammadu Buhari presented to the National Assembly on October 14, has already passed the second reading at the Senate.

NNPC Headquarters, Abuja

OPL 212: Supreme Court orders NNPC to pay N8.14bn in damages to BCE

The federal high court had, on March 7, 2002, directed NNPC to pay BCE 22. 6 million dollars in damages for the illegal cancellation of an agreement.

Nigerian pensioners used to illustrate the story

Only seven out of 37 Nigerian states fully implement contributory pension — PENCOM

Most states default either with regular and up-to-date remittance of pension contributions, the establishment of a pension bureau or enactment of pension law.

Mobile phone, smart phone, phone, network, MTN, Glo, Airtel

NCC to sanction telecom firms who ignore customers complaints

The commission and the operators met to appraise the level of implementation of the policies.

Oil rig used to illustrate the story.

Again, oil slips over uncertainty on U.S.-China trade deal

The trade war between the world’s two biggest economies has slowed economic growth around the world.

Federal Inland Revenue Service ((FIRS) chairman, Babatunde Fowler.

Nigerian govt pays states N157 bn tax arrears

Mr Fowler says the liabilities covered the period between 2002 and 2016.

Oloibiri Oil Field

Total planning to sell $750 million stake in major Nigerian oil block

The sale process is part of Total’s plan to sell $5 billion of assets around the world by 2020.


Six directors of Dangote Flour resign

The company said new appointments have been made with effect from October 31 this year.

Dangote Sugar Refinery [Photo Credit: Guardian Newspaper]

Dangote Sugar in merger talks with Savannah Sugar

In February 2013, Dangote Sugar Refinery, DSR, announced the acquisition of 95 per cent equity stake in Savannah Sugar Company limited, SSC.

Oil rig used to illustrate the story.

Oil prices fall as crude build-up offsets hopes for U.S.-China trade talks

Hopes remain for a breakthrough in talks between the United States and China, the world’s two biggest oil consumers.

Access Bank building

Access Bank announces resignation of Board director

Mr Ndukwe’s resignation from the Board of the bank was announced on Tuesday.


Oil demand to fall in Western Countries, but not in India, China – OPEC

Global oil demand will reach 105.6 million barrels per day (bpd) by 2025.


Minister clarifies transfer of N14bn from NEPZA 2017 budget

The senate committee on Appropriation said the transfer of the money to Nigeria Special Economic Zones Company was in breach of 2017 Appropriation Act.

Buhari signing the amended Bill into law [PHOTO CREDIT: @MBuhari]

UPDATED: Buhari signs law that will significantly increase Nigeria’s oil earnings

President Buhari signs the Deep Offshore, Inland Basin PSC Amendment into law

Managing Director/CEO, MATRIX Group,, Adisa Aliu

INTERVIEW: Why unmonitored borders, fuel subsidy are harmful to Nigerian economy — Matrix Group CEO

“…Subsidy is not good for us. Subsidy is harmful to our economy. Subsidy creates arbitrage. If it is possible, government should avoid fuel subsidy…”

Akinwunmi Adesina

Buhari commends Adesina’s leadership of AfDB

“President Buhari joined shareholders of the Bank and African Heads of State and governments in celebrating the feat.”

The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria November 9, 2016. REUTERS/Afolabi Sotunde

NSE market indices record 0.17 per cent on last trading day of October

The market capitalisation inched N22 billion to close at N12.829 trillion in contrast with N12.807 posted on Wednesday.


How MTN Nigeria paid billions on professional fees, bad debts, others – Report

The MTN Nigeria’s financial statement was for the nine months’ period ended September 30, 2019.


Amended petroleum law will bring significant improvement in revenue – NEITI

The agency also commends the Presidency and the National Assembly for the speedy manner, the amendment process was handled.

Stanbic IBTC, Unity Bank announce huge profits in nine months

The margins are as recorded by September 30.


Lafarge Africa reports 173% growth in nine months

The company said its operating profit rose from N2.79 billion in the third quarter of 2018 to over N7.64 billion in the corresponding year.

Convert Arik to National Carrier, AMCON MD tells Nigerian government

Mr Kuru said his agency has retrieved Arik from the brink of collapse and restructured and positioned it on the path of growth and profitability.

The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria November 9, 2016. REUTERS/Afolabi Sotunde

NSE: Transactions reverse negative posture, close northward

The market capitalisation rose by N17 billion to close higher at N12.843 trillion against N12.826 trillion achieved on Friday.