It’s Premature for OPEC to Cap Libya, Nigeria Oil Output The market is on a recovery track due to rising global demand, Kuwait’s Organisation of the...
Egypt to Receive $1.25 Billion Loan from IMF The International Monetary Fund, IMF, had perfect plan to grant Egypt a second instalment loan of $1.25 billion,...
Bank-to-bank Forex Deals Resume Banks can now directly sell foreign exchange (forex) to one another, without prior Central Bank of Nigeria (CBN) approval. The policy shift...
EFCC to Seize Diezani’s, Aluko’s Dubai Mansions Barely 48 hours after the US Department of Justice released details of how part of the $1.5billion oil production...
Presidency Insists no Senate Confirmation for Magu The row over the Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, assumed a...
Stock Market Rebounds, Gains 2.5% on Renewed Optimism The stock market shrugged losses of the previous week and closed 2.47 per cent higher last week as...
FG Lost $6bn to DPR’s Poor Administration of Divested Oil Blocks The federal government lost an estimated $6 billion as a result of the Department of...
Heritage Bank, Firm Seal N232m Deal on Oil Palm Production Heritage Bank Plc has signed a N232million agreement for the pilot phase of its out-growers agreement...
FG Supports 327,000-tonne Iron, Steel Plant The Federal Government has announced its support for the establishment of a 327,000-tonne iron and steel plant as part of...
Refineries Now Supplying 60% kerosene Demand – NNPC The Nigerian National Petroleum Corporation on Sunday said that its refineries in Port Harcourt, Warri and Kaduna were...