Shell faces more charges over bribery, emission, explosion
Shell will be prosecuted for criminal charges relating to a $1.3 billion settlement for an oil exploration licence in Nigeria, and has also been summoned by prosecutors to face charges…
Nigeria’s Trade Surplus Hits N1.44tr in Q4, 2018- NBS
Nigeria recorded a favourable trade balance of N1.44 trillion in the fourth quarter of 2018, being 125.5 per cent higher than the record of the third quarter…
PSC Non- Review: Nigeria loses $16bn in Ten Years – NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) said that Nigeria lost at least $16 billion in ten years due to non-review of the 1993 Production Sharing Contracts, (PSC), with oil…
Bank fraud in Nigeria climbs to N25bn in 5 years, says Institute
Dr Victoria Enape, Pro-tem President, Chartered Institute of Forensic and Investigative Auditors of Nigeria (CIFIAN), has said that fraud volume in Nigerian banks increased dramatically to about N25 billion in…
Sanwo-Olu meets Ndigbo in Lagos, pledges better deal for Computer Village
Mr Babajide Sanwo-Olu, the All Progressives Congress (APC) Governorship Candidate in Lagos State, on Thursday held an interactive session with traders and Igbo community in the Computer Village, Ikeja, Lagos….
Market capitalisation slumps further by N196bn on election outcome
Trading on the Nigerian Stock Exchange (NSE) on Thursday continued to react negatively to the outcome of the presidential election with the market capitalisation losing N196 billion to close below…
Buhari’s second chance and a long to-do-list
Muhammadu Buhari may have won re-election as Nigeria’s president but he faces a daunting list of present and long-term challenges over the next four years. “The hard work to build…
Nigeria bonds rise after Buhari win but Lagos markets stay dull
Nigeria’s dollar-denominated government bonds rose to 5-7 month highs on Wednesday after President Muhammadu Buhari, won a second term at the helm of Africa’s largest economy and top oil producer….
Predictions on Naira Devaluation Speculative, Act of Western Sabotage – ABCON
Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON), on Monday in Lagos described prediction that the naira would fall to N415 to the dollar by…
Nigeria: Stocks, assets fall on election delay as uncertainty rules
A delay in Nigeria’s presidential elections set off the biggest decline in the country’s stock market in six months on Monday and also put pressure on its bonds and currency….