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

The Araromi Oke-Odo market in Lagos

Nigeria’s inflation drops to 12.48% in April – NBS

The bureau says ‘rural inflation’ rate dropped to 12.13 per cent in April.

Lagos Business School [Photo:]

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 rig

Oil price nears $80

It is unclear just how hard U.S. sanctions will hit Iran’s oil industry.

Nigerian Customs Officials

Why foreign clearing agents flood Nigerian ports – Customs

The command now conducts joint cargo examination with other relevant government agencies.

First Nation Photo credit: daily

Aviation union backs NCAA’s suspension of FirstNation Airways’ licence

The airline is accuses of illegal operations.

Senator Udoma Udo Udoma

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.

Minister of Finance, Kemi Adeosun

Budget 2017: Nigeria’s capital spending exceeds N1.5 trillion – Adeosun

Ministry of Power, Works and Housing received the highest capital expenditure.

NNPC Headquarters, Abuja

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.

First Nation Plane

NCAA suspends FirstNation airline’s operations

The airline’s troubles continue.

Mallam Mele Kyari GGM COMD, NNPC-1

Kyari appointed Nigeria’s OPEC representative

The appointment was made by Nigeria’s Head of Delegation to the OPEC Conference, Ibe Kachikwu.

Central bank of Nigeria (CBN)

Central Bank MPC members express worry over Nigerian banks’ stability

Some of the members also complained about rising non-performing loans.

Nigeria Stock Exchange (NSE)

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

Minister of Finance, Kemi Adeosun

Tax: We’ve built social partnership with Nigerians – Adeosun

Nigeria’s tax base has risen to 19 million, she says.

Union Bank

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.

Yewande Sadiku

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 Nigeria office

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.