Business

CBN retains lending rate at 12 per cent, warns against review of 2012 budget fundamentals

Committee says slight adjustment of the benchmark price for the 2012 Appropriation Act could create serious macroeconomic crisis

Reps want fresh N120billion to resuscitate Ajaokuta Steel

Lawmakers say injecting fresh funds into the steel sector would facilitate national development

Econet demands immediate reinstatement of interest in Airtel

Court ruling might restore Econet Wireless in Nigeria

Nigeria LNG shopping for $1billion for shipping subsidiary

The company seeks fresh loan package to boost the export capacity of its transport subsidiary

NEITI defends auditors

Civil society groups say NEITI selection of auditors for the extractive industry contracts was not a transparent process

States to get N350billion reimbursement on federal roads

Refund of expenditure to states on federal roads would facilitate effective maintenance of the country

Former Head of State, Murtala Mohammed

In spite of well-known sharp practices in the oil industry, Risqua sees no evil in the sector

Nigeria, third most active African country on twitter

Nigeria's twitter community is the third largest and most active in Africa, a research predating Occupy Nigeria movement reveals

Insecurity takes toll on economy, as investors shun oil conference

Current spate of bombings in the country drives away foreign investors in the oil and gas sector

PPPRA records are messy, says petroleum minister

Minister says the operations and procedures at PPPRA is messy and worrisome

Chevron gives up on search for two missing in rig fire

The company says the two can't be found

FAAC under pressure to share N548.5billion from excess crude account

State governors continue to deplete the excess crude account with huge withdrawals for sharing

Analysis: Why Alison-Madueke must be investigated alongside NNPC, PPPRA

Mrs Alison-Madueke can't be a judge in her own case

Government to subsidise petrol at N46 per litre

A new regulated petrol pricing template includes N46.12 as total subsidy cost

Fire rages, as two still missing in Chevron Nigeria offshore rig incident

The company says it is yet to put out the fire

Port operators may protest over demurrage

Port operators in a row with shipping companies over demurrage accrued over the strike period

MMIA: Airlines resume operations as unions suspend strike

International travelers hurry to airports as flights resume following the end of the organized labour strike action

Ezekwesili quits World Bank in May

The former minister wants to return home to work as a civil society activist

Labour asks PENGASSAN to stay action on oil facilities closure

The unions say the oil workers should suspend the closure of oil platforms while negotiation continues

P/Harcourt refinery to work at full capacity by November — NNPC

The NNPC says the existing refineries will function at full capacity by end of the year

Oil workers orders oil production shutdown from Sunday

PENGASSAN gives deadline for closure of oil production if government fails to meet labour demand to revert to N65 per litre price

Oil workers threaten to disrupt oil production, exports

Labour says the ongoing crisis might degenerate if nothing is done to placate the people before Saturday

Nigeria loses N250billion to ongoing strike

Lagos Chamber of Commerce and Industry says Nigeria loses about N82billion daily to the strike by organised labour

No claim for audited petrol stocks prior to subsidy removal, says PPPRA

Marketers won't earn subsidy claims for products they are selling above N65 per litre

E-payment banking operations take off nationwide tomorrow

The CBN banks is preaching the gospel of e-payment all over the country