The Nigerian National Petroleum Corporation, NNPC, has said that its subsidiary, Kaduna Refining and Petrochemical Company, KRPC, is losing an average of N2.2 billion…
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Banks (DMBs) operating in the country are now to contribute 5 per cent of their annual Profit After Tax to an Agriculture…
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Asset Management Company of Nigeria has taken over the operations of Arik Air to save it from total collapse. Arik Air has…
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Nigeria plans to auction N110 billion local currency bonds on Feb. 15, its second debt sale this year, the Debt Management Office…
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National Assembly has endorsed government’s request to sell a $1 billion Eurobond on the international debt market to help finance federal government…
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Italian prosecutors have asked for the CEO of oil and gas group Eni Claudio Descalzi to be sent to trial over alleged…
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Nigeria has said it would set aside $50 billion to fund and stimulate investment in biofuels production in Nigeria. Governor of the…
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Investors are shunning Nigeria because of lack of respect for sanctity of contract and property right. According to a foreign investment broker,…
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NIGERIA Agip Oil company, NAOC has ignored Nigeria legislators, that is the joint committee of the Senate and House of Representatives of…
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BusinessEconomyNewsOil and Gas
Mrs, Aiteo and 122 others show interest in offshore sale of Nigeria crude
Sahara Energy, Glencore, Gunvpr, Aiteo, MRS, Trafigura and 122 other companies, have expressed their willingness to serve as off-takers for 800,000 barrels…
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Omni Helicopters International S.A. (“OHI”), parent of Brazil’s leading offshore aviation specialist Omni Taxi Aéreo S.A. (“OTA”), and Omni Blu Aviation Ltd.…
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Moved by the need to enhance affordability of food prices across country, the Buhari administration has constituted a Presidential Task Force to…
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Central Nank of Nigeria CBN said it has sold $660 million in three- and five- month currency forwards at an auction aimed…
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Foreign investment inflow into Nigeria fell from $9.6 billion about $4.52 billion, to $5.12 billion, between 2015 and 2016, according to data…
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Nigeria is set to commence the full implementation of the open contracting processes, aimed at entrenching transparency in public procurement. This was…