Business

Emeka  Okoroanyanwu Nigerians have been warned to prepare for another fuel price increase as the current subsidy on the commodity is not sustainable. Managing Director and Chief Executive Officer, Financial Derivatives Company Limited,…

The Central Bank of Nigeria (CBN), on Wednesday, said the country’s outstanding domestic debt stood at N12.44 billion as at December 2018. This was contained in the bank’s 2018 Annual Activity Report released by the Financial Markets…

Sahara Energy Resources DMCC Dubai and Brooge Petroleum and Gas Investment Company (BPGIC)  have signed a partnership agreement to set up an oil refinery capable of producing bunker fuel with a capacity of up to 250,000 barrel per day (bpd)…

Eko Electricity Distribution Company (EKEDC) says the Nigerian Electricity Regulatory Commission (NERC) has ruled in its favour over encroachment of its franchise area by an embedded power company. EKEDC Spokesman, Godwin Idemudia,…

The consumer price index, which measures inflation, rose to 11.37% in April 2019, according to the monthly inflation report released by the National Bureau of Statistics (NBS). According to the report, year-on-year, inflation increased…

Equities market closed Tuesday on a negative note, as the Nigerian Stock Exchange All-Share Index NSEASI depreciated by 0.22% to close at 28,422.76 points as against 1.26% depreciation recorded previously. Its Year-to-Date (YTD) returns…

 Babajide Okeowo Barring any unforeseen circumstances, Nigeria’s telecom giant, MTN Nigeria, is set to be officially introduced on the Nigerian Stock Exchange come Thursday, May 16th, as all relevant processes have been completed. This…

The Eko Petrochemical Refinery Ltd., to be built at a cost of $250 million (about N90 billion) will create over 5,000 direct and indirect jobs when completed. The Chairman of the company, Capt. Emmanuel Iheanacho, made this known to…

The Accountant General of the Federation (AGF), Idris Ahmed, on Monday, explained that seven years after it was created, the Treasury Single Account (TSA), has yielded more than N30 trillion for the Federal Government. According to the…

Managing Director of Shell Petroleum Development Company of Nigeria Limited (SPDC) and Country Chair, Shell Companies in Nigeria, Osagie Okunbor said the company would produce 600 million standard cubic feet of gas per day, about 2400…