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Timipre Sylva

Nigeria pegs oil output at 1.412m barrels a day: Sylva

Nigeria is set to peg its daily oil output at 1.412 Million barrels per day from the average 1.87mbd, petroleum…

Nigeria reduces oil production after OPEC+ deal: Sylva

The Minister of State for Petroleum Resources, Timipre Sylva, has indicated Nigeria would be reducing oil production by more than…

Kia Motors set to shut Korean plants over virus

Kia Motors told its labour union in South Korea that it wants to suspend operations at three of its factories…

Oil producers agree record 9.7m barrels output cut

Top oil-producers agreed Sunday on "historic" output cuts in a bid to boost plummeting oil prices due to the new…

IMF appoints Okonjo-Iweala into advisory group

Nigeria's former finance minister, Dr Ngozi Okonjo-Iweala was named by the IMF on Friday as a member of its External…
Aiko Dangote

Buhari, others hail Aliko Dangote as he marks another year

Nigerians and Africans in the social media have celebrated Aliko Dangote, Africa’s richest businessman and philanthropist. The cement mogul, who…

Two Easy Ways To Get A Loan For An Investment Property

Securing capital for a real estate business is usually a tough task. There are quite a few platforms you can…
Energy theft

EEDC promises steady power supply for Easter

The Enugu Electricity Distribution Company (EEDC) has assured people in the southeast zone of improved, steady power supply during Easter.
IMF Managing Director, Kristalina Georgieva, expresses concerns over new U.S. tariffs, calling them a major risk to the global economy

IMF chief: World faces worst economic crisis since Great Depression

The coronavirus pandemic has inflicted an economic crisis unlike any other in the past century and will require a massive…

Nigeria, Angola, South Africa going into recession: World Bank

The World Bank Group said on Thursday that Coronavirus will drive many African countries, such as Nigeria, South Africa and…

Wike’s order: Caverton Helicopters’ office shut in Rivers

In a swift compliance to the directive of Governor Nyesom Wike that Caverton Helicopters' offices be closed, one of the…
NDIC says the second dividend payable at 5.2 kobo per N1 will bring the cumulative liquidation dividend paid so far to 14.4 kobo per N1

NDIC donates N1bn to COVID-19 relief fund

The Board of the Nigeria Deposit Insurance Corporation (NDIC) has approved the immediate release of N1 billion Naira to the…

Stanbic IBTC Retains AAA, F1+ Fitch National Ratings

According to ac recent report by Fitch Ratings, a globally-renowned credit rating agency, Stanbic IBTC Holdings PLC and its banking…

Lagos gives 11,000 MSMEs moratorium on loans

Lagos State has given 11,000 Micro, Small and Medium Enterprises (MSMEs) and technology start-ups, a two-month moratorium on their loans.

Nigeria plans to handover refineries to private firms

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, said the corporation will no longer be…
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