Business News

The Nigerian National Petroleum Corporation (NNPC) says its appointments always adhere to the principle of transparency and accountability. NNPC spokesman, Kennie Obateru, said this in a statement, on Sunday. The corporation had, in…

The Lagos State Government, in her continuous effort to provide the much needed relief to taxpayers and mitigate the economic impact of COVID-19 pandemic has, through the Lagos State Internal Revenue Service (LIRS) further extended the…

Anthony Iwuoma  A United Kingdom court in Friday declined jurisdiction in the $1 billion suit Nigeria brought against oil giants, Shell and Eni. The London High Court Judge, Christopher Butcher, ruled that it lacked…

Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has warned firms and individuals against patronising the parallel market, popularly called the black market. He warned them to stop using black markets for foreign…

Pascal Oparada It is the battle of Titans as tech giants, Facebook and Amazon head for a showdown in the global e-Commerce market. The social media giant, Facebook, would be deploying its global dominance in social media to take on…

Nigeria may have recorded a significant shift in energy consumption pattern with National Bureau of Statistics (NBS), data showing massive drop in kerosene imports while a significant increase has been recorded in diesel import. With…

Oil prices rose on Wednesday amid signs of improving demand and a drawdown in the U.S. crude inventories but worries over the economic fallout from the Coronavirus pandemic capped gains. Brent crude futures for July delivery were up 23…

Private oil marketers have now joined the Nigerian National Petroleum Corporation (NNPC) in the importation of petrol. It was gathered from the Petroleum Products Pricing Regulatory Agency (PPPRA), on Tuesday, in Abuja, that permits to…

Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has said that the apex bank would not support the importation of items that could be produced in Nigeria with Forex. As Nigeria continues in the process of full…

Stanbic IBTC Holdings Plc on Tuesday notified its shareholders that its eighth Annual General Meeting (AGM) slated for June 17 would be by proxy due to COVID-19 pandemic. Mr Chidi Okezie, Stanbic IBTC Holding’s Company Secretary, stated…