Business

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 post.ng

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

The airline is accuses of illegal operations.

VFS Global visa centre

SPECIAL REPORT: How visa processing firm, VFS Global, ‘extorts’, ‘mistreats’ Nigerians

Complaints, allegations of exorbitant service charges trailing visa processing company.

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.

Aliko-Dangote-1062x598

Forbe names Dangote 66th world’s most powerful person

The Nigerian businessman was ranked among 75 most powerful persons in the world.

Vice President, Yemi Osinbajo at the 20th Annual Tax Conference in Abuja

Nigeria to propose five tax amendment bills – Osinbajo

“Our tax system requires review, to among others, ensure removal of obsolete and contradictory clauses.”

NNPC TOWERS

NNPC among most transparent companies in Nigeria – Baru

“We are now probably one of the most transparent companies in this country.”

Reps urges Nigerian govt to halt sale of NLNG shares

The House says halting the sale is in the interest of the nation.

Vice President, Yemi Osinbajo

19 million Nigerians now pay tax – Osinbajo

The figure was 14 million last year.

Nigerian Senate

Senate committee to deliberate on Buhari’s request for promissory note programme

The president had in March written to the Senate seeking the establishment of a promissory note programme

MTN

U.S. withdrawal from Iran deal likely to hit MTN, company says

The South African operator says about 200 million euros of its money remains in Iran.

Central bank of Nigeria (CBN)

CBN boosts foreign exchange market with $210 million

The bank gave $100 million to authorised dealers in the wholesale segment of the market

Nigeria Stock Exchange

NSE: All-Share Index drops further by 0.04%

The market capitalisation closed lower, dropping by N7 billion or 0.05 per cent to close at N14.907 trillion

University of Lagos (UNILAG). [Photo credit: Students Nigeria]

Unilag plans to establish modular refinery

The refinery will serve as laboratory for students of the Faculty of Engineering