NUPENG condemns move to whittle down NAPIMS’s powers
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has condemned the move to whittle down the regulatory powers of the Nigerian
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Business
Zungeru’s $1.29b power project ready in 2020
The $1.29 billion Zungeru hydroelectric power plant project will be completed in 2020, Mr Xiao Nie, Deputy Project Manager, CNEEC-Sinohydro Consortium, the Chinese
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Globacom sues EFCC over fraud investigation
Globacom Limited has filed summons against the Economic and Financial Crimes Commission ( EFCC ) at the Lagos State High Court, Igbosere, seeking
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FAAC July revenue drops to N387.31b
The revenue shared yesterday to the federal, state and local governments from the Federation Account for July dropped by N183.26 billion from the
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Customs impounds Army camouflage in Lagos
The Kirikiri Lighter Terminal Command of the Nigeria Customs Service has intercepted a 40ft container of plain Army camouflage uniforms along and arrested
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Stock market capitalisation rises by N130 billion in positive trading
The Nigerian Stock Exchange (NSE) market capitalisation on Tuesday improved by N130 billion following gains posted by some highly capitalised equities. The News
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CORRUPTION FIGHTS BACK IN NAHCO PLC
The Economic and Financial Crimes Commission, EFCC is on collision course with the Board and Management of Nigeria Aviation Handling Company Plc over
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CBN, SEC consider universal licence for stockbrokers
Nigeria’s apex financial services regulators have started discussions on a new framework that will expand the scope of operations and allow brokers and
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CIBN to induct 1034 new members
1034 new members would be inducted by the Chartered Institute of Bankers of Nigeria (CIBN) this week, Aug. 26. The institute said the
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Lagos commends Sterling Bank’s STEM initiative
Sterling Bank’s sustainability campaign known as Sterling Environmental Makeover (STEM), has been commended for being in line with the Lagos State government vision
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Vandals hurting the economy, environment – NNPC
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has appealed to oil pipeline vandals to desist from
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Lagos reviews tax policy
The Lagos State Internal Revenue Service has announced a review of its tax policy to identify contentious areas with a view to improving
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Senate recovers N120b, summons firms over revenue scam
The Senate Joint Committee on Customs, Excise and Tariff and Marine Transport, has summoned more companies after it had recovered N120 billion from
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Revenue Loss: Senate gives Dana, others 48hour ultimatum
The Senate Joint Committee on Customs, Excise and Tariff and Marine Transport has directed Dana Group and 12 other companies, allegedly involved in
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NSE market capitalisation increases by N208bn
Transactions sustained positive trend on the Nigerian Stock Exchange (NSE) on Friday with the market capitalisation growing by N208 billion amid gains by
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Total invests $10b in Nigeria’s oil sector
Mr. Nicolas Terraz, the Managing Director and Chief Executive, Total Upstream Companies in Nigeria, said the companies invested over $10 billion in the
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FG not eager to sell refineries – Kachikwu
The Federal Government, Thursday, said that it’s not ready to sell or concession any of its four refineries in whole or in part,
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Afreximbank opens shareholding to investing public
Supranational trade finance bank, African Export-Import Bank (Afreximbank), says it is opening its shareholding to the investing public with a 300 million dollars
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Nigeria loses N11trn to corruption in power sector
Nigeria has lost N11 trillion to corruption in the power sector since 1999, a university lecturer, Dr Yemi Oke, said on Wednesday in
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Breaking News! Respite for 7 banks as FG seeks out-of-court settlement over TSA
The Federal Government has filed a notice of discontinuance of the suit it filed against seven commercial banks seeking the remittance of the
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Ortega now world’s second richest
Founder of Zara, Amancio Ortega, has mysteriously become the second riches person in the world, edging out Jeff Bezos. According to Forbes, Ortega’s
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Foreign investors pump N86b into Dangote Cement
Dangote Industries had a roaring time yesterday on the Nigerian Stock Exchange (NSE), selling 410 million shares of Dangote Cement valued at N86.1
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Africa’s largest rice mill opens
The Federal Government’s diversification programme yesterday received a boost, with Acting President Yemi Osinbajo commissioning Africa’s largest parboiled rice mill in Argungu, Kebbi
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Lamorde cautions on use of credit card for air tickets
THE Police Special Fraud Unit (SFU) yesterday advised air travelers against using credit cards for the purchase of air tickets to avoid being
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‘Govt hopes on Dangote Refinery to end fuel import’
The Federal Government is waiting on the completion of work on Dangote refinery to fulfil its promise to Nigerians to end fuel importation
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Foreign investors jostling to buy over 9Mobile, says Minister
Many foreign investors are jostling to buy over telecomunication firm 9 Mobile (formerly Etisalat) from which Mubadallah recently pulled out, Minister of Comunications
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Royal Dutch Shell Chiefs dump petrol cars for electric
When the boss of Royal Dutch Shell, Ben Van Beurden says his next car will be electric, it says a lot about the
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TSA: Govt saves N4b bank charges monthly
The Treasury Single Account (TSA) policy has enabled the Federal Government to save N4billion monthly from charges that banks collected on its numerous
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Sterling, Fidelity: we’re not involved
Two of the banks – Fidelity and Sterling – last night defended their integrity, saying they were not involved in any TSA deal.
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Diesel price crashes by 42 per cent
The Nigerian National petroleum Corporation (NNPC) said that diesel price nationwide crashed by 42 per cent due to strategic intervention by the Corporation
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