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NEITI denies loss of $8bn in crude oil swap

The Nigerian Extractive Industry Transparency International (NEITI) on Wednesday denied a report credited to it over the nation’s alleged loss…

Missing Malaysian Plane: The riddle continues

What could have happened to the missing Malaysian Boeing 777 plane? Nearly five days since it disappeared while en route…

Ecobank replaces Tanoh with Essien as CEO

Ecobank Transnational Incorporated on Tuesday announced the appointment of Mr Albert Essien as its new Chief Executive Officer. A statement…

NLC pickets petrol stations

Abiodun Onafuye/Abeokuta The Nigerian Labour Congress (NLC) Ogun state chapter today picketed some filling stations in the state over hoarding…

Court adjourns $3.8bn suit against Total Upstream

A Federal High Court in Lagos on Tuesday fixed April 16 to hear a suit filed by the Lagos Deep…

North Korean ship laden with stolen Libyan crude escapes

A tanker laden with oil from a rebel-held terminal in eastern Libya broke through a naval blockade and escaped to…

Fuel scarcity continues, APC warns against price hike

Petrol scarcity continues in some parts of the country with filling stations in Jos and its environs shut down on…

Bomb scare at NNPC headquarters

Ayorinde Oluokun/Abuja Heightened security measures around the four towers of Nigeria National Petroleum Corporation headquarters located in the Central Business…

30 Petrol Stations Shut Over Illegal Hike In Fuel Price

The Department of Petroleum Resources (DRP) has shut 30 filling stations in Anambra, Ebonyi and Enugu states for selling petroleum…

Fashola Okays Jail Term For Hazardous Product Sellers

Kazeem Ugbodaga Manufacturers and sellers of fake products to consumers in Lagos State will now face a three-month jail term…

Why did Amstel make Mikel Obi drink straight from the can?

FUNSHO AROGUNDADE Amstel Malta may have triggered a controversy in the subliminal message it passed across with its new ambassadors,…

Petrol tanker burns power transmission line

The Transmission Company of Nigeria (TCN) said it had lost one of its 330KV transmission lines from Sapele to Ughelli,…

Boeing joins probe of missing Malaysian plane

Boeing said Monday it has joined an official US team investigating the still-mysterious disappearance of a Malaysia Airlines 777 aircraft,…

World Bank offers $3billion aid to Ukraine

The World Bank said Monday it is prepared to offer $3 billion in aid to Ukraine this year to support…

Sanusi tells New York Times oil money shared by cabal

Even in a country where untold oil wealth disappears into the pockets of the elite, the oil corruption scheme he…

Libyan navy vows to bomb Korean ship loaded with stolen oil

The Libyan navy moved Monday to stop a North Korean ship from leaving a rebel-held port loaded with oil, as…

Diezani blames fuel scarcity on diversion of supplies

The Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, on Sunday blamed the current scarcity of petrol nationwide to the diversion…

Foreign airlines cancel flights to Freetown

International airlines have cancelled flights to and from Sierra Leone after a U.N. aviation regulator discovered that the only functioning…

Unilever buys majority stake in China water firm

Dutch food and cosmetics giant Unilever said on Sunday it has bought a majority stake in Chinese water purification company…

US refiners buy more Nigerian crude oil

Nigerian crude values have been picking up steadily this week on strong US demand for Nigerian and West African crudes,…

Fire guts power transformer, leads to load shedding

A 150MVA transformer at the Oshogbo centre of the Transmission Company of Nigeria (TCN), was gutted by fire on Friday,…

Actress Rita Dominic Bags Keystone Bank Deal

Kayode Aponmade Nollywood actress, Rita Dominic has signed an endorsement deal with Keystone Bank. The actress is now the new…

NLC vows to resist hike in petrol price

Ayorinde Oluokun/Abuja Nigeria Labour Congress has warned the government against contemplating any increase in the price of petroleum products. In…

Constitution bars forensic audit of NNPC, says A-G

The Auditor-General of the Nigerian Federation, Mr Samuel Ukura said today that the Constitution did not empower his office to…

Dana Air appoints Bouteiller as director of flight

Simon Ateba/Aviation correspondent Dana Air has appointed Francois Bouteiller as its Director of Flight Operations, the airline said in a…

Ex-Aviation Minister, Fani-Kayode Re-Arraigned

Akin Kuponiyi There is no respite yet for former Aviation Minister, Chief Femi Fani-Kayode as he was Thursday re-arraigned before…

Customs agents oppose tariff for used cars, paralyse Tin Can port

Business activities at the Tin-Can Island Port in Lagos were on Thursday paralysed as clearing agents staged a protest over…

NNPC pumps 209 mn litres of fuel to reduce shortages

The Nigerian National Petroleum Corporation (NNPC), said about 209 million litres of Premium Motor Spirit (PMS) or petrol had been…

MTN boosts revenue from Nigeria’s earnings

South African mobile giant MTN on Wednesday said revenues grew 12 percent last year, driven by increasing subscribers and helped…

APC urges FG to say truth about fuel scarcity

The All Progressives Congress (APC) has urged the federal government to level up with Nigerians on the reasons for the…
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