Category: Business

Exclusive: Oil firms, lenders unsettled over 28 expired oil blocks

The fast approaching general elections in Nigeria are setting serious jitters down the spines of owners and financiers of 28 oil block with expired licenses as they have...

U.S moves to sue Nigeria, others as oil pushes for $100 per barrel

The United States (U.S.) is fretting over possible $100 per barrel prices for crude oil, Nigeria’s biggest revenues earner, and on Tuesday, renewed moves to secure...

Why NNPC declared N18.12bn trade surplus in one month

The Nigerian National Petroleum Corporation (NNPC) has given details of the N181.12 billion trade surplus, which it declared for just one month. The N960 million...

NNPC

Nigeria raked in $416m from oil, gas exports sale in June

The Nigerian National Petroleum Corporation (NNPC) has announced a total crude oil and gas export sales of $416.07 million in June, 2018 which is 35.78 per cent higher...

Just in: CBN injects $210m into forex market

The Central bank of Nigeria (CBN) has injected $210 million into the interbank foreign exchange market. This came as the apex bank seeks to boost liquidity and alleviate...

Osinbajo attends Micro, Small & Medium Enterprises (MSME) clinics in Enugu

Vice President Yemi Osinbajo, SAN visits Enugu State, where he attends the 19th edition of the Nationwide Micro, Small & Medium Enterprises (MSME) clinics. He...

Access Bank, Microsoft partner to improve banking security in Africa

Access Bank Nigeria has partnered with global technology giant, Microsoft to improve security and banking experience for customers in Nigeria and Africa, as both...

52 NNPC’s hospitals, largest health facilities’ network put up for commercial use

The Federal Government has put up 52 Hospitals – largest network of healthcare facilities in the country, belonging to the Nigerian National Petroleum Corporation...

NNPC

Labour strike: Fuel scarcity fear heightens, NNPC cautions against panic buying

The Nigerian National Petroleum Corporation (NNPC) on Wednesday cautioned consumers of petroleum products against panic buying as the planned nationwide strike by the...

Good news for Nigeria as oil price soar to four year high

Oil prices have hit a four-year high of over $81 a barrel after Saudi Arabia and Russia rejected calls by American President Donald Trump to increase production, BBC...