Insurers Need $725m to Meet Recap Order Insurance companies will need $725 million (about N261.5 billion) to meet the new capital requirement of the National Insurance...
‘Cost-reflective Tariff Coming’ A Cost-reflective tariff is coming in the power sector as the new metering scheme, introduced by the Federal Government, gets underway, the Nigerian...
We Can Produce Three Million Meters Yearly – Armese An indigenous meter manufacturer, Armese Power Solutions, has said it has the capacity to help meter asset...
Otedola Sells Forte Oil to Abdulwasiu Sowami Femi Otedola, the billionaire businessman, has finalised the sale of his 75 percent stake in Forte Oil to Abdulwasiu...
Bearish Trend continues, Nigerian Stock Closes in Red The Nigerian Stock Exchange market closed in the red on Wednesday amid bearish sentiment. The All-Share Index declined...
Dutch Firm to Acquire 14.1% Stake in Ecobank Arise B.V, a Dutch investment firm, is in the process of acquiring 14.1 percent stake own by the...
Airtel Submits Listing Application to NSE Following the successful listing of MTN Nigeria on the Nigerian Stock Exchange, Airtel Africa Ltd, a subsidiary of India’s Bharti...
Libra Cryptocurrency: Facebook Unveils Global Money Facebook Inc has finally unveiled its much-awaited cryptocurrency on Tuesday. The cryptocurrency called Libra will be managed by Libra Association,...
Nigeria Records Stable Oil Production Level of 2.3mbpd The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru yesterday stated that the...
Terrorism: UK Cautions Citizens against Travelling to 21 States The Foreign and Commonwealth Office (FCO) of the United Kingdom has issued a security travel alert to...