Category: Business
Hypocrisy of Western countries on MTN $8.1 billion fine
The British and American governments have criticized the $8.1 billion fine imposed on the nation’s leading telecommunication firm, MTN, by the Central Bank of Nigeria...
NAPE bemoans FG’s oil bid round inaction
Highest body of petroleum explorers in Nigeria, Nigeria Association of Petroleum Explorationists (NAPE) on Monday took a swipe at the Federal Government’s inaction on...
Seven years after: GOtv blazing the trail in DTT in Nigeria
About a decade ago, the prospect of Nigerians enjoying world class digital terrestrial television remained an elusive dream as the country trailed behind other...
AMCON’s proposed amendment Bill almost ready – House of Reps
The Chairman of House of Representatives Committee on Banking and Currency, Hon. Sir Jones Chukwudi Onyereri this evening in Abuja said the House of Representatives of...
Shell, ExxonMobil strike crude swap deals with Nigeria
Two oil giants, Shell and ExxonMobil, who had previously exited Nigeria’s downstream sector, could sign crude-for-product deals with Africa’s largest oil producer....
EFCC removes oil magnate Benedict Peters from dreaded ‘wanted’ list
The Nigeria’s anti-graft agency, Economic and Financial Crimes Commission (EFCC), has removed the name of the Executive Vice Chairman of Aiteo Group, Benedict Peters,...
Nigeria suffers 1,858 pipeline vandalism points in one year
Nigeria, Africa’s biggest crude exporter, has suffered a total of 1,858 vandalized points on its over 5, 000 kilometers pipelines network in just one year. The...
44 fuel depot owners jittery as Dangote mulls 65.4m litres daily output
Over 44 importers and owners of fuel depots in Nigeria are jittery as Dangote advanced works on its refinery billed to produce and truck-out 65.45 million litres daily....
Again, NNPC debunks report of looming petroleum products shortages
The Nigerian National Petroleum Corporation (NNPC), has dispelled insinuations of an impending petroleum products scarcity in the country. A release today in Abuja by...
Good news: Natural gas production up by 8 per cent
A total of 230.35Billion Cubic Feet (BCF) of natural gas was produced in the country in July 2018, averaging a daily production of 7,678.17 Million Standard Cubic Feet...
