Power Sector Privatisation Faulty, Says Saraki President of the Senate, Bukola Saraki, has described the privatisation process in the power sector as faulty and hindering the...
Cooking Gas Price Hits N5,000 The inability of a vessel carrying Liquefied Petroleum Gas, popularly known as cooking gas, to berth and discharge in Lagos has...
Firms Risk Suspension of Licences Over N345m Unpaid Fines Some electricity firms are at the verge of losing their licences three years after privatisation for failing...
Chinese Steel Firm Pledges Commitment to Nigeria A Lagos-based Chinese steel manufacturing company, HongXing Steel Company, has expressed confidence in the ability of the Nigerian economy...
NNPC Targets 80 Percent Refining Capacity by 2018 The Nigerian National Petroleum Corporation (NNPC) said it plans to increase the capacity utilisation of its refineries to...
Forex Scarcity Threatens Leather Factory Scarcity and lack of access to foreign exchange (forex) is threatening the survival of the multi-billion naira leather factory project in...
Customs Generated N898bn as Revenue in 2016 The Nigeria Customs Service has generated N898bn as revenue in 2016, including VAT. The NCS spokesman, Mr. Joseph Attah,...
Naira Gains on Low Market Activity The Naira appreciated against the U.S. dollar on Monday, after about two weeks of losses. The local currency gained N3...
We Owe Banks $1bn, Oil Marketers Lament Oil marketers under the aegis of the Independent Petroleum Products Importers have said they owe some Nigerian banks over...
Index Appreciates by 1.25% as 20 Stocks Gain The Nigerian equities market closed on a positive note on Monday as 20 stocks gained, boosting the Nigerian...