Seplat Posts N191bn Full Year Revenue, To Pay Final Dividend
Seplat Petroleum Development Company Plc, a Nigerian independent energy company listed on both the Nigerian Stock Exchange(NSE) and the London…
Category: Local
Nigeria Records Highest Power Transmission Of 5,615.40MW
The Transmission Company of Nigeria (TCN) says the power sector has recorded an all-time national peak of 5,615.40MW. A statement…
Covid Vaccines Lands In Nigeria
The much awaited COVID-19 vaccine has landed in Nigeria. The vaccine was brought into the country via Emirates flight B…
$11m Debt: We’re Under No Winding-Up Order, Says StarTimes
A Chinese electronics and media company, StarTimes, says it is not subject to any winding-up court order, following a petition…
Stock Market Begins March With N70Bn Gain
The nation’s stock market started the month on a positive note on the back of price appreciation recorded by UAC…
Local Currency Gains N1.05 As Turnover Drops At I&E
The Naira opened the month of March stronger, recording a N1.05 or 0.26 per cent gain against the Dollar at…
Central Bank Of Nigeria To Increase Agric Loans By 6%
The Central Bank of Nigeria (CBN) said it will increase banking sector credit to the agriculture sector to 10 per…
Few Safe Havens As Equities Lose N1.36tr In February
Nigerian equities sunk into the red in February with sustained losses in four consecutive weeks eroding early gains and building…
Food Blockade Of South By North Not In Nigeria’s Best Interest
No region in Nigeria is a self-sufficient archipelago. None is more fortunate in human and material assets than the other.…
Nigeria: FMDQ Exchange Admits Parthian Partners N20 Billion CP
The FMDQ Securities Exchange Limited has announced the registration of the Parthian Partners Limited ₦20.00 billion Commercial Paper (CP) Programme…
Dangote Grooms Nigerian Engineers To Manage Refinery Complex On Completion
The Management of Dangote Oil Refinery is preparing young Nigerian graduates to take over the management of its 650,000 barrels…
Golfers Wore Red And Black In Honor Of Tiger Woods During Sunday’s Play
Golfers wore red shirts and black pants during the WGC-Workday Championship on Sunday in honor of golf legend Tiger Woods,…
Startimes Faces Winding Up Order Over $11 Million Debt
StarTimes, the Chinese-owned Pay-TV operator with tentacles across Africa, is at “serious risk” of receiving a court-mandated “winding-up” order over…
President Buhari Orders Federal Inland Revenue Service To Remit Levy To NASENI
The Federal Government has taken a bold step to boost science and engineering infrastructure development.It has invoked the section of…
Nigerian Central Bank Governor Suggests Naira Has Been Devalued
Nigeria’s central bank governor suggested the nation’s currency has been devalued. Addressing bankers at a summit on the economy in Lagos…
OPEC+ Faces Calls To Cool Oil Market Frenzy With Extra Barrels
From trading houses in Geneva to Wall Street banks, much of the oil world agrees that global markets could use…
2021 Is Our Year Of Active Recovery – Emefiele, CBN Governor
Central Bank of Nigeria (CBN) Governor, Godwin Emefield, CON, says 2021 is expected t be a yer of active recovery…
Federal Goverenment To Sell Crude In Naira To Dangote Refinery To Strengthen Naira
The Federal Government has concluded plans to sell crude oil to Dangote Refinery in Naira. This is part of measures…
Recession Exit: Test Of Resilience Of Nigeria’s Economy
Nigeria is a country with prodigious capacity for spinning surprises, even where all hopes seem to have been lost. Though…
Emefiele: Inflation Pushed Dangote Refinery Project Cost To $15bn
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele yesterday disclosed that inflation had pushed the cost…
How Banking Consolidation Made ‘Rich, Mighty Nigerians’ – Soludo
The former governor of the Central Bank of Nigeria, CBN, Professor Charles Soludo, has said that but for the banking…
Weekly Diaspora Remittances To Nigeria Jump By Over 100% After CBN’s Policy Directive
Remittances flow into Nigeria has improved from a weekly average of about $5 million before policy directives by the Central…
Nigeria Will Benefit Less From African Trade Deal – NESG
Nigeria and other resource-based countries will benefit less from the African Continental Free Trade Area than economies that are more…
Electricity Consumers Get 611,231 Meters Under MAP Scheme
A total of 611,231 meters have been deployed as at January 31, 2021 under the Meter Asset Provider initiative since…
My $1.9 Billion In Minnesota Bank – Femi Adesina
Let’s have a comic diversion today from weightier matters of our national life. Because what I want to discuss can…
Telecom Workers Threaten Services Disruption Over Anti-Labour Practices
Private Telecommunications and Communications Senior Staff Association of Nigeria has threatened to disrupt the activities of Huawei Technologies Nigeria if…
Federal Government Seeks Asset Manager For N15tn Infraco Fraud
The federal government plans to hire an asset manager for its new Infrastructure Development Company (Infraco), designed to raise as…
Nigeria’s Economy Moving In Right Direction But Slow – Amina Mohammed
Nigeria is moving in the right direction economically but its movement is not fast, the United Nations stated on Thursday.…
N10.7Tn Spent On Fuel Subsidy In 10 Years – Major Oil Marketers Association Of Nigeria
Nigeria spent a total of N10.7tn on fuel subsidy in the last 10 years, the Chairman, Major Oil Marketers Association…
Nigerian Port Authority Accuses Govt Agencies Of Sabotaging 24-Hour Port Operation
The Managing Director of the Nigerian Ports Authority, (NPA), Ms. Hadiza Bala-Usman, has accused some federal government agencies operating at…