NNPC says story of pending N36bn royalty to Alesa-Eleme community is fake news
The Nigerian National Petroleum Corporation (NNPC) has dismissed insinuation of an approved N36 billion compensation, said to be due to Alesa-Eleme community in Rivers as royalty for playing host to…
Another fuel scarcity looms as NUPENG serves strike notice
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Sunday gave a 21-day ultimatum to employers in the Nigerian oil and gas to address workers welfare to ameliorate…
Stakeholders want National Assembly to Pass Petroleum Industry Bills
The National Assembly has been tasked by stakeholders in the oil industry to pass other components of the Petroleum Industry Bill just as it has done with the Petroleum Industry…
NSE: market capitalisation drops to N13 trillion region on Nestle loss
May 30, 2018 The market capitalisation of the Nigerian Stock Exchange (NSE) on Wednesday dropped to N13 trillion mark following loss recorded by Nestle and other highly capitalised stocks. The…
Nestle to sack 500 in profit-boosting restructuring
Swiss food giant Nestlé plans to cut as many as 500 computer-service jobs in Switzerland as part of a restructuring plan to increase profitability, the company announced on Tuesday. Nestlé…
3 years of Buhari: OPS demands better infrastructure, access to finance
The Organised Private Sector (OPS) has urged the Federal Government to improve infrastructure, access to funds and disposable income of Nigerians toward achieving a robust economy. The operators expressed their…
Democracy Day: The best time to Konga Me
As Nigeria marks 19 years of unbroken democracy today after the return to civilian rule, opinion is divided on how well the country has harnessed the dividends of democratic governance….
Emefiele visits First Bank, UBA, Zenith, inspects dollar sales
May 28, 2018 Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN), on Monday paid an unannounced visit to First Bank, UBA and Zenith banks offices in Abuja to…
NITDA, CPN set to resolve overlapping functions
Nigeria Information and Technology Development Agency (NITDA), in collaboration with Computer Professionals Registration Council of Nigeria, has inaugurated a committee, to resolve overlapping of licensing, registration and regulation of information…
NSE market capitalisation loses N416 billion in 5 days
May 26, 2018 The market capitalisation of the Nigerian Stock Exchange (NSE) lost N416 billion in five trading days due to exit of foreign investors following delay in 2018 budget…