News Reports
Malabu Scandal: Trial of Shell, Eni, officials adjourned in Italy
The Milan court said it would assess requests from third parties, including a series of international non-profit organisations, to join the case at the next hearing.
Lafarge announces N34 billion loss in 2017
The company still approved for its shareholders the payment of N13 billion dividend at N1.50 per share.
Abuja records highest average fares for bus, air travels in April — NBS
FCT, Abuja had the highest bus journey fares within the city at N325.
Trans-Forcados oil pipeline shut down — Report
Trans-Forcados is the second largest pipeline network in the Niger Delta after the Bonny Oil Pipeline System.
50 firms win contracts to lift Nigeria’s crude in 2018/2019 (FULL LIST)
The firms would lift over 700,000 barrels per day of crude oil.
Naira appreciates against dollar at parallel Market
The Nigerian currency traded at N360, stronger than N362.3 posted on Monday
NSE: Market indicators drop further by 0.15%
The All-Share Index lost 62.42 points or 0.15 per cent to close at 40,615.42 compared with 40,677.61 posted on Monday
Nigeria’s inflation drops to 12.48% in April – NBS
The bureau says ‘rural inflation’ rate dropped to 12.13 per cent in April.
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Lagos Business School tops Financial Times ranking for 12th year
LBS is the only African institution outside South Africa to make it to FT’s list
Oando shareholders lament lingering crisis
Continued negative exposure of company affecting Oando shares, fortunes, say aggrieved shareholders.
Oil price nears $80
It is unclear just how hard U.S. sanctions will hit Iran’s oil industry.
Why foreign clearing agents flood Nigerian ports – Customs
The command now conducts joint cargo examination with other relevant government agencies.
Aviation union backs NCAA’s suspension of FirstNation Airways’ licence
The airline is accuses of illegal operations.
Six core sectors emerge as Nigeria’s ERGP focus labs close
Focus Labs are designed as workshop-style investment fora between private sector and government officials.
Budget 2017: Nigeria’s capital spending exceeds N1.5 trillion – Adeosun
Ministry of Power, Works and Housing received the highest capital expenditure.
NNPC boosts gas supply to power sector by 88.89%
In the month under review, 1,463.66million litres of PMS and 33.79million litres of DPK were supplied into the country.
Kyari appointed Nigeria’s OPEC representative
The appointment was made by Nigeria’s Head of Delegation to the OPEC Conference, Ibe Kachikwu.
Central Bank MPC members express worry over Nigerian banks’ stability
Some of the members also complained about rising non-performing loans.
NSE: Market indices rebound by 0.26% after four days decline
Seplat led the gainers’ table, growing by N25 to close at N760 per share
Tax: We’ve built social partnership with Nigerians – Adeosun
Nigeria’s tax base has risen to 19 million, she says.
Union Bank records N5.3 billion profit
The figure shows an improvement on the previous year despite non-declaration of dividend
Union Bank of Nigeria (UBN) Plc on Thursday released its first quarter result ended March 31, 2018 and the long-awaited 2017 audited result ended December 31, 2017.
Nigeria records $24.1 billion foreign investment in 2 years
The $6.3 billion capital inflow in the first quarter of 2018 is more than all inflows that came in 2016 and in third quarter in 2017.
MTN to raise N400 billion in Nigeria bond
The wireless carrier expects to list its Nigerian unit on the Nigerian bourse by the end of 2018.
Forbe names Dangote 66th world’s most powerful person
The Nigerian businessman was ranked among 75 most powerful persons in the world.