Business

Oil prices fell more than one per cent on Thursday after rebounding eight per cent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices. Brent crude oil was down 70…

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Babajide Okeow Africa’s richest man, Mr. Aliko Dangote wealth took a huge hit in 2018 as he loses almost $2 billion of his wealth. This is according to the latest ranking released by Bloomberg Billionaire Index. Dangote dropped about…

The board of Diamond Bank Plc, on Monday, finally announced its merger with Access Bank Plc expected to be completed in first half of 2019. The News Agency of Nigeria (NAN) reports that both banks recently denied media reports of any…

Russia is planning to sign a partnership agreement with the Organisation of the Petroleum Exporting Countries (OPEC), Energy Minister Alexander Novak said on Monday. Novak said the deal would be discussed at  the OPEC Dec. 6 meeting.…

Nigeria’s leading multinational energy company, Total Nigeria Plc, has commissioned the 30th solar service station on its network. The commissioning thus ensures its current installed solar capacity to generate enough energy to power the…

The Nigerian National Petroleum Corporation (NNPC)  has commended the Nigerian Petroleum Development Company (NPDC), for achieving 100 per cent local content input in  the development of Oredo Integrated Gas Handling Facility (IGHF).…

By Emeka Okoroanyanwu In a surprise move that took stakeholders aback recently, the Federal Government ordered the suspension of action on the planned national carrier, Nigeria Air, which was previously scheduled to commence operations in…

By Emeka Okoroanyanwu This certainly is not the best of times for Nigeria’s Money Deposit Banks (MDB). There is palpable fear that all is not well with the banking industry given the depressing harsh macro and micro-economic environment…

The Nigerian National Petroleum Corporation, NNPC, yesterday, announced a trading surplus of N17.16 billion in its April 2018 financials. The NNPC, in a statement by its Group General Manager, Group Public Affairs Division, Mr. Ndu…