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Godwin Emefiele, CBN Governo

Nigeria’s foreign reserves drop to $30.04bn – CBN

The Central Bank of Nigeria (CBN) said that the nation’s foreign reserves fell to 30.04 billion dollars as at November…

Osinbajo to inaugurate MSMEs summit

The Vice-President, Prof. Yemi Osinbajo, will set the ball rolling at the second annual Micro, Small and Medium Enterprises (MSMEs)…

IPMAN wants petroleum products loading decentralised from Lagos

The Independent Petroleum Marketers Association of Nigeria (IPMAN), on Sunday, urged the Federal Government to decentralise loading of petroleum products…

U.S. Organizes a Global Boycott of Nigerian Crude

David O. Kuranga, Ph.D. Following Nigeria’s refusal to devalue its currency (the naira), in-line with IMF recommendations, crude oil traders…

FG to understudy Australian mining sector— Fayemi

The Federal Government would understudy the Australian mining sector in the bid to reposition the country’s solid mineral sector, Minister…

El-Rufai presents N166b budget for 2016

Femi Adi/Kaduna Kaduna State Governor, Mallam Nasir El-Rufai on Saturday presented the draft of 166 billion naira proposed budget to…

Ambode to attend Global African Investment Summit

Kazeem Ugbodaga In furtherance of his administration’s effort to boost foreign direct investment, Lagos State Governor, Mr. Akinwunmi Ambode will…

Group to FG: Ban importation of shoes

The National Association of Hides and Skin Dealers of Nigeria, has called on the Federal Government to ban importation of…

FG, States, LGs share N473.8bn for Oct

The Minister of Finance, Mrs Kemi Adeosun, on Friday said N473.8 billion was shared among the federal, states and local…

Lagos shuts Shoprite over breach of safety law

Kazeem Ugbodaga The Lagos State Safety Commission has shut the multi-billion multi-national shopping outlet, Shoprite located at the Ikeja Shopping…

Toyota leads global car sales in October, outsells VW in 4th month

Toyota Motor Corp. outsold Volkswagen AG for the fourth straight month in October to remain the world’s top-selling automaker so…

Vandals stole N50bn worth of petrol from single pipeline, says NNPC

Vandals stole nearly $250 million worth of petrol from a single pipeline in Nigeria in the first nine months of…

Gov. Okowa seeks approval for N3bn agric loan

Gov. Ifeanyi Okowa of Delta don Thursday sought permission of the State House of Assembly to obtain N3billion commercial agriculture…

Ambode woos Commonwealth investors to Lagos

Lagos State Governor, Mr. Akinwunmi Ambode, on Wednesday stepped up his government’s campaign for direct foreign investment in Lagos, by…

NIA urges FG to stop taxes on claims in insurance sector

The Nigeria Insurers Association (NIA) has urged the Federal Government to stop taxes on claims in insurance industry. The Director-General…

Union Bank appoints Cyril Odu as new chairman

The Union Bank of Nigeria on Thursday announced the appointment of Mr Cyril Odu as its new chairman following the…

NCAA suspends 5 oil marketers from supplying aviation fuel

The Nigerian Civil Aviation Authority (NCAA), has directed five oil marketing companies to stop supplying aviation fuel, known as Jet…
Petrol price jumps to N520 per liter in Edo, Delta

DPR seals 6 petrol stations in Warri

The Department of Petroleum Resources (DPR), Warri Zonal Office, on Wednesday sealed six petrol stations in Warri and its environs…

AfDB signs N2.4bn loan deal with Nigeria’s LAPO Microfinance Bank

The African Development Bank Group (AfDB) has granted a N2.364 billion ($12 million) credit facility to Nigeria’s LAPO Microfinance Bank…

NNPC engages DSS, EFCC to curb hoarding of petroleum products

The Nigerian National Petroleum Corporation, (NNPC) has engaged the Department of State Services (DSS) and Economic and the Financial Crimes…

Kachikwu warns against sub-standard lubricants in oil sector

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has warned against the use of sub-standard lubricants in the…

DPR seals 39 filling stations in Kano

The Department of Petroleum Resources (DPR) in Kano said it has sealed 39 filling stations within the last two weeks…

Facebook, Jumia inspire Nigerian entrepreneurs with growth ideas

Facebook and Jumia Nigeria partnered to host the first ‘Boost Your Business’ event in Nigeria last Thursday (19 November) at…

Petrol now sold for N180 per litre in P/Harcourt, N300 at black market

Okafor Ofiebor/Port Harcourt Despite the threats by the Department of Petroleum Resources, DPR, to dispense petroleum products of any marketer…

Obadara opens new radio station

Abiodun Onafuye/Abeokuta A non serving Senator of the Federal Republic of Nigeria, Gbenga Obadara, who represented Ogun Central Senatorial District…

In Iran, Kachikwu analyses challenges facing global gas industry

The Minster of State for Petroleum Resources Dr Ibe Kachikwu has identified market volatility, increasing competition and price war as…

2 directors in trouble over dud cheques

Paul Iyoghojie Two directors of Adrog Cargo Handlers Limited in Lagos, western Nigeria, Ajayi Olusola, 44, and Aduroja Olawoyin, 41,…

Fine Looming? NCC says MTN, Globacom, Etisalat violate porting time

The Nigerian Communications Commission (NCC) on Saturday said that MTN Nigeria, Globacom and Etisalat violated the Mobile Number Portability (MNP)…

Petrol sells for N200 per litre in Umuahia

Some independent petroleum marketers in Umuahia are selling petrol for between N170 and N200 per litre even as the seeming…

2nd Nigerian Lubricants Summit starts Tuesday

All is set for the 2015 edition of the Nigerian Lubricants Summit scheduled for Tuesday, 24 November to Thursday, 26…
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