Naira strengthens to N281.23/$ at interbank market
The floating naira exchange rate ended at N281.23 to a dollar on Wednesday, slightly stronger than the N282.3 to the…
Nigeria records increase in gas reserves
The Federal Government has announced that the country’s reserves have increased from 186 trillion standard cubic feet (scuf) to 190…
Capacity building: NIMASA to partner training institutions
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside, has restated the agency’s determination…
Flexible FX: Port operators predict high cost of doing business
Following the introduction of a Flexible Forex regime by the Central Bank of Nigeria (CBN), private investors running the nation’s…
Customs intercepts trucks, bus laden with contraband goods
The Headquarters compliance team ‘C’ Ogun/Oyo axis of the Nigeria Customs Service (NCS) has revealed that it has been involved…
Israeli envoy assures Nigeria on BASA pact
The Acting Israeli Ambassador to Nigeria, Mr Nadav Goren has assured Nigeria that its Bilateral Air Services Agreement (BASA) with…
First African solo flight kicks off today from USA
Organisers of the First African Solo Flight around the world have announced that the solo effort piloted by a Nigerian,…
IOCs to divest small refineries as crude prices rebound
International Oil Companies (IOCs) are set to further trim lower-margin assets in the face of headwinds from rising crude oil…
Finance ministry staff give Adeosun 7-day ultimatum to pay N1.7bn allowance
Staff of the Federal Ministry of Finance along with their counterparts in the Office of the Accountant General of the…
BEDC signs load shedding pact with Ondo military cantonment
Against the backdrop of the dwindling low power generation to the national grid and the debts owned electricity distribution companies,…
Capacity building, staff welfare top Ajibola’s agenda as new CIBN president
The new President/Chairman of Council, Chartered Institute of Bankers of Nigeria (CIBN), Segun Ajibola, has said in building on his…
BoI, EFCC have no disagreement over N13.2bn CITN funds —Acting MD
The Bank of Industry (BoI) on Wednesday said allegations over the misapplication of the cement funds which had prompted investigations…
The politics of electricity tariffs
It would seem from the deliberate efforts of the Nigerian trade unions to lump the issue of new electricity tariffs…
Nigerdock commissions OFON phase 2 Platforms
A leading indigenous fabrication company, Nigerdock Nigeia Plc FZE, has commissioned and sailed-away a 25,000 barrels per day (bpd) OFON…
Shell committed to Nigerian oil and gas sector despite challenges —Okunbor
In 1936, the Royal Dutch/Shell Group founded Shell D’Arcy, the first Shell company in Nigeria, and in November 1938, Shell…
Mass sack: NUBIFIE vows to continue clampdown on erring banks
The National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE), has vowed to continue to clampdown on banks that…
CTIN fund has grown to N13.2bn —BoI
The Bank of Industry (BoI), on Monday, said that the explained that funds belonging to the Cement Technology Institute of…
NDPHC employees pledge support for mgt
Employees of the Niger Delta Power Holding Company (NDPHC) are set to resist Management changes in the Organization, the workforce…
Stock market sheds N164bn on first day of new forex regime
The equities market on Nigerian Stock Exchange (NSE) closed a negative trend on Monday as against the uplift recorded last…
DMO to develop new debt products
The Debt Management Office (DMO) is to develop other debt products within the next four years. Director General of DMO,…
