Business

March 13, 2016

China has said it seeks more crude oil exports from Nigeria in spite of the recent changes in oil prices....

FG will be ruthless against pipeline vandals, says Lai Mohammed

March 13, 2016

The Federal Government has warned that it would deal ruthlessly with those engaged in pipeline vandalism and the sabotage of...

Senate mandates committee to investigate issues on foreign vessels

NNPC, CBN to help oil marketers on importation of petroleum products

The Nigeria National Petroleum Corporation (NNPC) says it is working in collaboration with the Central Bank of Nigeria (CBN) to...

Buhari orders distribution of 150 trucks of seized rice to Nigerians

Agriculture

FG to stabilise price of rice by April

The Federal Government said on Saturday that it would stabilise the price of rice from April to make it affordable...

Jude Idada wins $100,000 NLNG Literature Prize

NLNG denies airborne disorder allegation in Bonny

by Robby Akeju

Nigeria LNG’s (NLNG) attention has been drawn to a recent news story on a Nigerian social media platforms alleging that...

Dakuku Peterside: Rivers PDP a Nest of Liars

Indigenous ship owners will support Dakuku Peterside, says Iheanacho

Former Minister of Interior, Capt. Emmanuel Iheanacho, on Saturday, said that indigenous ship owners would support Dr Dakuku Peterside, the...

Amaechi: Abuja-Kaduna rail project coaches to begin test-run March 31

Coaches for the Abuja-Kaduna Rail Modernisation Project have arrived in Lagos and will begin test-run by March 31, Mr Rotimi...

N20bn required to purchase new equipment for ports operations, says CG Customs

by Roland Edwards

The Comptroller-General of Customs, Col. Hameed Ali (rtd), has said that the service would require N20 billion to purchase new...

Oil prices rise to $40.65

by Freedom Reporter

Brent crude was on track for its third weekly gain on Friday, supported by an optimistic report from the International...

NSE market capitalisation rises by N22bn

Transactions on the Nigerian Stock Exchange (NSE) closed on Friday on a bullish note with market capitalisation appreciating marginally by...

NUPENG: Fuel scarcity may linger till end of March

by Femi Adewale

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Friday said that the ongoing fuel scarcity in the...

FG apologises to Nigerians over power failure, cites sabotage, vandalism

The Federal Government on Friday apologised to Nigerians for the hardship they are experiencing due to the prevailing power failure...

Fidelity Bank, Koinonia hold workshop on exports

In line with its commitment to support the diversification of Nigeria’s monolithic economy, Fidelity Bank Plc, one of the country’s...

MTN to NCC: Please let’s pay $1.5 billion, $3.9bn too high

South Africa's MTN Group has proposed a $1.51 billion (N300bn) payments to settle a $3.9 billion fine in Nigeria, a...

Fidelity Bank emerges ‘most stock’ as NSE moves 310.65m shares worth N2.06bn

The volume of shares traded on the Nigerian Stock Exchange improved by 44.80 per cent on Thursday as 310.65 million...

NNPC restructuring: Kachikwu did not contravene the law, says Senate; minister to inaugurate committee on oil workers’ demands

Senate Committee on Petroleum said on Thursday that the Minister of State for Petroleum, Dr Ibe Kachikwu, did not contravene...

Which account did MTN pay N50bn into? asks Senate

The Senate has demanded to know the account MTN paid the N50 billion fine into and which government agency received...

Dakuku Peterside is NIMASA DG/CEO

President Muhammadu Buhari has appointed Dr. Warisenibo Dakuku Adolphus Peterside as the Director General/CEO of the Nigerian Maritime Administration and...

Ikeja Electric: Our workers not on strike, apologises for outage caused by Labour leaders

March 9, 2016

Head of Corporate Communications, Ikeja Electric, Felix Ofulue, has declared that workers of the firm “are not on strike”. Rather,...

RMAFC recovers N474m unremitted excise duty from Guinness