$9bn Court ruling against Nigeria: CBN rallies to defend reserves
Nigeria’s central bank will strive to protect the country’s currency reserves after a British court ruling granted a small natural gas firm the right to try to seize $9 billion…
Fraud alarm at FIRS: Buhari queries Fowler over variances
All is not well in the house of the taxman as the Presidency has issued a stern query to the Chairman of the Federal Inland Revenue Service (FIRS), Mr Babatunde…
Exclusive: Jumia in trouble over fraud in affiliate scheme, J-Force
Weeks after e-commerce company Jumia was tangled in a web of scam over its listing at the New York Stock Exchange, it is currently enmeshed in yet another case of…
List of all 15 companies that won Nigeria’s crude oil contract
The Nigerian National Petroleum Corporation (NNPC) says 15 companies have emerged winners of the Direct Sales and Direct Purchase (DSDP) of Crude oil contract for 2019/2020. The corporation disclosed this…
OPEC sees bearish oil market outlook for rest of 2019Â
OPEC delivered a downbeat oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020 as rivals pump more, building a case…
Nigerian held in India prison over fake job racket, extortion
Police in the Indian city of Thiruvananthapuram are still holding on to a Nigerian arrested for running a fake job racket and swindling money from a Thiruvananthapuram native. Officers from…
Mexico’s largest banks report failures in processing card payments
Several of Mexico’s largest banks reported on Saturday that they were experiencing problems processing debit and credit card payments while some shops in the capital informed customers that they would…
Digitisation: NACCIMA seeks collaboration with NCCÂ
Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has solicited the collaboration of the Nigerian Communications Commission (NCC) on using Information and Communication Technology (ICT) to enhance…
Nigeria crude oil sales slump as US floods market with light, sweet grade
Nigerian oil has suffered its slowest sales of the year in August, traders said, as U.S. exports of competing light, sweet grades flood traditional markets in Europe and Asia, reports…
Dangote oil refinery: Steel importation, other equipment delay completion until end of 2020
Africa’s largest oil refinery will not be finished until the end of 2020 due to problems of importing steel and other equipment, executives at Dangote, which is building the facility…