The African Development Bank said it has blacklisted Burmeister & Wain Scandinavian Contractor (BWSC) for 21 months for fraudulent and corrupt practices.…
News
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The Conference of Parties (CoP) of the African Risk Capacity (ARC) has elected Mr. Ibrahima Cheikh Diong, of the Republic of Senegalas the…
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The equities market ended today’s trading session in the green as the All-Share Index (ASI) rose 93bps to close at 25,250.20 points following…
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Oil fell about 3 per cent after Saudi Arabia said an extension of output cuts by OPEC+ nations would not include additional…
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Ghana will implement a set of policies to reduce the dominance of MTN in the country’s telecommunications market, the government has said…
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FinanceNewsStock Market
Nigeria financial market last week: Equities Market profit-taking activities drag performance… ASI down 1.0% w/w
Despite three consecutive days of gains during the week, the local bourse halted its bullish streak as profit-taking in BUACEMENT (-4.8%), STANBIC…
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MaritimeNews
Piracy: Nigeria hands over suspected vessels to Ghana, Gulf of Guinea no longer safe haven for pirates
The Nigerian Government has handed over the fishing vessel Marine 707 suspected to be carrying out illegal activities in the Gulf of…
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NewsOil and Gas
OPEC, Russia extend record oil cuts to end of July, Nigeria agrees to cut production
OPEC, Russia and allies agreed on Saturday to extend record oil production cuts until the end of July, prolonging a deal that…
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Chinese foreign trade fell 9.3 per cent in May compared to the same period last year, Chinese customs officials said in Beijing…
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The Nigerian National Petroleum Corporation (NNPC) Chief Operating Officer (COO), Ventures and Business Development, Mr. Roland Ewubare, has said that NNPC is…
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Nigerian Ports Authority (NPA) says on Thursday that 13 ships laden with various products are expected at Delta ports. The Nigerian Ports…
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NewsOil and Gas
NNPC raises alarm over Off-Spec Diesel in market, expresses commitment to biodiversity
The Nigerian National Petroleum Corporation (NNPC) has raised an alarm over prevalent low grade and contaminated AGO, otherwise called, diesel offered at…
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Managing Director/Chief Executive Officer Zenith Bank Plc Mr. Ebenezer Onyeagwu told Bloomberg Media that the bank is prioritising lending to the agricultural…
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Insurers’ recapitalisation deadline which was due on December 30th 2020 has been moved to September 2021. This fact is contained in a…
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Board of Directors of the African Development Bank (AfDB) has approved Nigeria’s Country Strategy Paper (CSP) 2020-2024, which builds on the successes…