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Men of the Nigeria Police, on Monday, sealed off the head office of Oando Plc. Although no reason has been advanced by the police for its action, this is coming on the heels of the sacking of the management and...
FIVE oil marketers were on Tuesday arraigned before an Ikeja High Court for allegedly stealing N1billion petroleum products from the United Bank for Africa (UBA). Thompson Omoietan, Adeleke Lasun, Funmilola Oyerinde Adegoke Shadrack and James Amore were arraigned before the...
Trading on the Nigerian equities market opened for the week on Monday with a loss of 2.22 per cent, following declining investors’ appetite on MTN Nigeria Communications shares. The News Agency of Nigeria (NAN) reports that the market capitalisation dipped...
Multinational oil giant, Shell Petroleum Development Company Limited (SPDC), has declared that despite pressure from some quarters, it has no intention to resume oil and gas exploration activities in Ogoniland of Rivers State. This is as the company said Nigeria...
The Federal Government, Tuesday, said it is coming up with a policy that would remove the ownership of Liquefied Petroleum Gas, LPG, cylinders from consumers. Speaking at a stakeholders’ forum on LPG penetration in Abuja, Minister of State for...
Nigerians living far from petroleum depots or in mountainous and riverine communities may be burdened with high price of petroleum products, especially Premium Motor Spirit (PMS) otherwise called petrol if President Muhammadu Buhari signs into law the current version...
The Naira on Monday traded at N360.72 to the dollar at the investors’ window with market turnover standing at 212.58 million dollars. At the Bureau De Change (BDC) window, the naira was sold at N360 to the  US dollar, while...
The Nigerian Communications Commission (NCC) said that telecommunications operators carried out 21,440 Mobile Number Portability activities in March 2019. The regulatory body made this known in its ”Incoming and Outgoing Porting Activities of Mobile Network Operators Report” on its website. The...
Stakeholders in the capital market have faulted the listing of MTN Nigeria Communications Plc. on the nation’s bourse in spite of unavailability of the mandatory 20 per cent free float. They said on Monday in Lagos that the price of MTN Nigeria...
Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele says CBN  in the next five years, will aggressively pursue policies that will further diversify the Nigerian economy. Emefiele said this in an interview with newsmen on Friday in Nsukka, Enugu State, ...
The nation’s consumer inflation rose in April for the first time in three months, a new report released on Tuesday by the National Bureau of Statistics showed. The inflation rate, which rose to 11.44 per cent in December from 11.28...
The National Bureau of Statistics (NBS), said the Consumer Price Index (CPI), which measures inflation increased by 11.37 per cent (year-on-year) in April 2019. The NBS said this in its “CPI o and Inflation Report for April’’ released on Wednesday in Abuja. According...
Nigerian equities market consolidated seven consecutive days downward movement on Tuesday with the crucial market indices dropping further by 0.22 per cent. The News Agency of Nigeria (NAN) reports that the development was as a result of broad sell-offs pressure...
The Securities and Exchange Commission (SEC) on Wednesday said it had approved MTN Nigeria’s application to list on the Nigerian Stock Exchange (NSE) by way of introduction. Mrs Efe Ebelo, SEC Head, Corporate Communications, confirmed this to the News Agency...
The Central Bank of Nigeria (CBN) and 14 other banks out of the 17 ordered by an FCT High Court to show cause why plea for garnishee of alleged accounts operated by Imo Government should not be made absolute,...
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