Business

Shell snubs NOSDRA’s forum on mitigating pipeline vandalism

​The Bonga Spill discharged some 45,000 barrels of crude into the Atlantic in 2011 and polluted the coastline and coastal communities in Delta, Bayelsa, Edo, River and Akwa Ibom.

Fowler takes over as FIRS boss

Mr. Fowler pledges strong partnership to shore-up tax revenue.

Nigeria losing huge revenue to corruption, privatisation — Osinbajo

“Indeed the truth is stranger than fiction in this matter of corruption in the public service”.

Naira gains some strength amid CBN intervention

The official interbank exchange rate remains at N197 to the Dollar.

A transformer used to illustrate the story

Regulator threatens electricity firms for exploiting unmetered customers

The commission says DISCOs charge customers for meters they did not request for. 

Group hails NNPC resolve to publish accounts

CSOs urged the National Assembly to pass the Petroleum Industry Bill.

Concessionaire of Falomo Shopping Complex refutes claim by Lagos govt that it paid N50 million for 50-year lease

The company says the N50 million it paid was not for the concession of the property but “for an expression of interest in the redevelopment project”.

Customs boss directs area commands to increase weekly revenue from N13bn to N35bn

The acting Comptroller-General wants to block leakages.

NNPC’s new boss seeks removal of fuel subsidy, deregulation of oil sector

Mr. Kachikwu says removal of price control mechanisms is imperative to ensure full growth of the sub-sector.

China Tops U.S. As Nigeria’s Biggest Trade Partner

Nigeria’s exports of mineral products accounted for ₦2.51 trillion.

CBN

BVN: CBN issues modalities for enrollment of banks’ customers in diaspora

First phase of enrollment centres have been established in 12 locations.

Google

Google launches “Android One” in Nigeria, others

The software works on Infinix HOT 2-X510 and will be available on Jumia for N7,500.

President Muhammadu Buhari talking

Buhari orders review of economic policies before 2016 budget

Buhari: “We will gladly have policy somersaults, if it will mean more jobs, particularly for youths.”

Electricity commission defies Senate, says N750 charge won’t be abolished

The electricity regulator agrees that there should no bulk metering of customers.

Oliseh rings closing bell at Nigeria Stock Exchange

The NFF wants improved partnership between football and corporate Nigeria.

atm-machine-nigeria1

Criticism trails CBN policy on ATM withdrawal limit

Business owners says the policy will cripple transactions during the weekend.

NNPC Towers

NEITI embraces NNPC restructuring, offers to help recover  $11.6bn NLNG dividend

The group pledges to work with Itsay Sagay Committee to recover over $7 billion debt by oil companies

Nigerian navy ship

Why oil theft persists in Nigeria – Navy Commander

The commander also warned the perpetrators of the consequences of their action warning that whoever is caught would face the full weight of the law.

NNPC Towers

NNPC denies ethnic agenda in recent retirements, appointments

Kachikwu wants NNPC staff to be change agents.

CBN

PWC, KPMG to audit all Nigeria’s revenue agencies

“If you have tax generating agencies that are not remitting taxes, government cannot run like that.”

We sacked management team to save cost – NNPC

The directorates in NNPC were reduced from 8 to 4.

SEC retires 43 senior staff, closes down 4 zonal offices

“The commission has been operating at an unsustainably top-heavy structure”.

Cars queuing to buy petrol

Bayelsa, oil producing state, pays the most for fuel — NBS report

Petrol sold above N87 per litre nationwide.

ALSCON sale: Reps orders probe of BPE, NCP’s refusal to enforce Supreme Court ruling

After almost ten years of legal battle, the Supreme Court had ruled on July 6, 2012, to restore BFIGroup as the rightful owners of the plant.

Court awards N400million against Dantata

The Court also granted a post-judgement interest at 10 per cent per annum on the judgement debt until it is liquidated