Shell shuts 150, 000 barrels per day trans Niger pipeline after fire
Shell said the fire was caused by sabotage.
Nigerian government, states, councils share N620bn in May
Mr. Ngama addressed reporters after the council meeting.
G-8 pledges strong support for Africa Development Bank programmes
The G8 is interested in assisting the AfDB in the extractive sector.
FIRS to make Taxpayer Identification Number mandatory for bank customers
FIRS says it is committed to operating a transparent and efficient tax system that optimises tax revenue collection and voluntary compliance. The Federal Inland Revenue Service, FIRS, said on Wednesday that discussions are ongoing with commercial banks in the country to make the Taxpayer Identification Number, TIN, mandatory for all individuals and corporate customers intending […]
Bidders for Niger Delta power plants to emerge in August, says BPE
The BPE boss stated this on Wednesday in Abuja. Shortlisted bidders for 10 National Integrated Power Project (NIPP) power plants would be announced on August the 8, this year, the Bureau of Public Enterprises, BPE, has said. The Director General of BPE, Benjamin Dikki, said this on Wednesday in Abuja. The sale is being coordinated […]
Customer indicts Coscharis Motors for poor customer service
Coscharis motors deals at least one of its customers a heavy blow. In October 2012, when Coscharis Motors, one of the leading automobile companies in Nigeria officially opened its new, pace-setting, state-of-the-art office located in Lekki, Lagos State, for business, customers would have thought that their services would also be improved upon to suit the […]
NLNG seeks court’s intervention in NIMASA debt crisis
NLNG seeks to be exempted from levies.
CBN extends Know-Your-Customer requirement deadline
This is the second extension of the deadline.
Chevron set to divest interest in three more Nigerian oil blocs
The transaction would be handled by a French bank.
FG, governors agree on way out of FAAC crisis, amid dwindling revenue
Finance Minster promises a resolution.
Emulate European nations, Canada on extractive industry transparency, group tells Nigeria
Publish What You Pay says Nigeria should pass a law to compel extractive companies report on revenue payments.
Sterling Bank seeks N12.5bn from shareholders for business expansion
Three new ordinary shares would be issued for every eight ordinary shares held as at May 20.
Nigeria’s inflation rate slightly down to 9% in May
The National Bureau of Statistics released the data.
Bank to procure 400 tractors for mechanised farming in Nigeria
The Bank of Agriculture has signed an agreement with the Agriculture Ministry. The Bank of Agriculture is collaborating with six tractor companies in Nigeria to procure 400 tractors and other farming implements for mechanised farming. The Managing Director of the bank, Mohammed Santuraki, stated this on Friday in Kaduna when he visited one of the […]
Naira depreciates against major currencies
The Naira was sold at N160. The Naira depreciated against some major international currencies at the official and black markets on Friday, the News Agency of Nigeria reports. At the official market, the naira exchanged for N241.19 to the pound against N241.18 that obtained on Monday. It lost N1.50k against the pound at the Bureau […]
Afren Oil says it achieved significant exploration success with discoveries in Nigeria, Iraq
The Company said despite security challenges in the region, it has been successful in its operations.
Fastjet signs MoU with Red 1 Airways to operate in Nigeria.
Fastjet promises to bring low cost airfares to Nigeria.
Why we are selling some of our Nigerian oil blocs- Chevron
The oil giant says it is disposing of some of its oil blocs to allow for the growth of smaller operators.
N87.5bn fraud: Ex-Afribank chief denies allegation of irregular transactions
The former bank chief is being tried for alleged fraudulent activities.
CBN asks Nigerian banks to submit regular reports on Boko Haram, Ansaru deals
Even if the banks have no transactions involving the groups, a report is still to be expected.
Airtel Appoints Segun Macaulay as Regional Operations Director, West Region
Leading Telecommunications Services Provider, Airtel Nigeria has announced the appointment of Segun Macaulay as Regional Operations Director for West Region. He will report to the Chief Sales and Distribution Officer and will lead Airtel in driving growth opportunities as well as ensuring excellent 3.75G network coverage and exceptional service experience for telecommunications consumers in the […]
‘Cashless project is gaining acceptance’- Central Bank of Nigeria
Nigeria began its Cash-less Project last year, with Lagos State as the pioneering the project.
World Bank indicts Jonathan’s government, says massive poverty, unemployment killing Nigerians
The number of Nigerians living in poverty is increasing significantly, the World Bank says.