Business

Tankers at a NNPC depot

Fuel ​Scarcity: NNPC to import over 1bn litres of petrol

The NNPC began detailed monitoring of fuel stations in Abuja.

Shell spills oil in Ogboinbiri River in Bayelsa, refuses to visit site

The spill has continued unabated for months leaving the communities to suffer.

Nigerians can now pay their taxes online

The new system serves as a means of reducing time and cost of compliance for taxpayers as well as ease interface between taxpayers and authorities.

Cars queuing to buy petrol

Fuel Scarcity: Oil workers urge Okonjo-Iweala to intervene

NUPENG says there is little or nothing it can do.

Why Nigerian govt won’t fiddle with fuel subsidy removal

Fuel marketers and importers want the deregulation of the downstream sector of the petroleum industry.

N25.7bn Fraud: Court to rule on ex-Bank PHB boss’ move to dismiss case

The former bank chief says the court lacks the jurisdiction to hear the case.

fuel queue

Fuel crisis worsens in Abuja as queues remain at petrol stations

Several petrol stations exhausted their stocks weekend.

Micro grids, new model for electricity capacity expansion, By Sam Amadi

Embedded Generation regulation also allows distribution companies to procure small power and dedicate it to ring-fenced customers who could pay slightly higher price for reliable and adequate electricity supply.

Naira devaluation brings back fuel queues at filling stations nationwide

NNPC says it has injected additional 688 million litres of petrol into the market

Nigerian government’s e-revenue collection scheme takes off

All existing revenue accounts by MDAs in banks expected to close today.

nigerian-senate Mace

Groups wants NASS, Presidency to help Nigeria eliminate waste by cutting own budgets

The Presidency has an allocation of over N26.66 billion, while the National Assembly keeps its usual N150 billion.

Nigerian lawmakers give govt one week to submit full report of audit on missing $20billion

The committee frowned at the role of the Ministry of Finance in the commissioning and appointment of auditors.

Nigeria cashew growers sign N1 billion export deal

Nigeria will export 6,700 containers of cashew nuts to Vietnam, India and other Asian countries this year.

Nigeria not broke – Finance Minister

The Minister of State for Finance says those who say Nigeria is broke are mischievous.

Nigeria politicians cause high dollar exchange rate – BDCs

A dollar goes for about N220.

Jonathan sits on NNPC audit report but approves sharing of recovered $1.48 billion

Nigeria’s Petroleum Minister had said the audit report had not been published because a rabid opposition would take advantage of the details.

Nigeria Senate approves $52 crude oil benchmark for 2015 Budget

The federal government proposed $65 per barrel.

Crude Price: Nigeria loses N49 billion in two months

A Minister asked the Federal Government to release the PWC audit report.

CBN warns exporters against non-repatriation of foreign exchange proceeds

Erring parties would be fined.

Naira hits N215 to dollar at Bureau De Change

The Naira against the pound at the BDCs exchanged for N332 from the N307.

FAAN threatens to publish names of debtors

The publication of the names would be a prelude to other measures designed to help the authority to recover all its outstanding debts.

Mixed reactions trail CBN’s closure of retail, wholesale FOREX auction windows

The CBN had invested about $2.3 billion in defending the Naira against incessant attacks from unrestrained foreign exchange speculative trading and the slump in oil prices.

CBN closes retail, wholesale FOREX auction windows to save Naira

Bureau De Changes now to channel all FOREX demands to the interbank market.

Securities Commission worry over companies’ non-migration to global financial reporting standards

The standards uphold the global tenets of corporate transparency and accountability in the accounting processes of companies.

Rice Farmers Photo Credit: Agro Nigeria

20 Nigerian women win International award on agriculture

The winners will benefit from a two-year career-development program.