P’HARCOURT, WARRI REFINERIES BACK ON STREAM – NNPC

Begin Crude Production - The Nigerian National Petroleum Corporation has announced the successful re-streaming of the Port Harcourt and Warri refineries after nine months of...

OIL FALLS BELOW $54, THREATENS NIGERIA’S SAVINGS

The global benchmark Brent crude hit a four-month low of $53.33 per barrel on Monday, thereby threatening the expected accretion to Nigeria’s Excess Crude...

N300BN SPECIAL INTERVENTION FUND: STATES TO BEGIN DRAWDOWN SOON –PRESIDENCY

The Presidency has said states are to start drawing from the special intervention fund of between N250 billion and N300 billion in a matter of weeks. This,...

DIASPORA BANKS’ CUSTOMERS TO PAY £30 FOR BVN REGISTRATION

Following the extension of the deadline for the registration for Bank Verification Number (BVN), customers of Nigerian banks living outside the country that are...

NIGERIA’S OIL WORKERS RISK JOB LOSS OVER IRAN’S RETURN TO CRUDE MARKET

Anxiety and fear have en­veloped stakeholders in the­nation’s oil and gas industry over the recent re-entry of Iran into the global crude market. Already, there is...

UNITY BANK REPOSITIONS AS MD RESIGNS

The board of directors of Unity Bank is making fresh moves to reposition the bank as a major institution  that will contribute to the...

FG TO REDUCE FUEL IMPORTS AS WARRI, KADUNA REFINERIES BEGIN PRODUCTION

  The Federal Government said it would soon reduce its import of refined petroleum products as two of its key refineries in Warri and Kaduna...

UNILEVER Q2 PROFIT DIPS BY 94%

Things are not looking good for consumer goods group, Unilever Nigeria, as figures coming from its financial statements have been nose-diving in recent time. The...

CBN TWEAKS FOREX PEG AGAIN AS NAIRA FALLS IN BLACK MARKET

The Central Bank of Nigeria (CBN) has adjusted its exchange rate peg to N197 against the dollar from the N196.95 it set last week,...

UNION BANK RECORDS N10BN PROFIT IN SIX MONTHS

Union Bank of Nigeria Plc has announced a pre-tax profit of N10,2billion in its unaudited financials for the first six months of the year. According to...
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Court Orders Police To Pay Charly Boy N50m Damages

The Federal High Court in Abuja on Monday ordered the Nigeria Police Force to pay to the popular entertainer, Mr Charles Oputa, also known...

Fayose Pleads Not Guilty, Remanded In EFCC Custody

The immediate past governor of Ekiti State, Ayo Fayose, yesterday appeared before a Federal High Court in Lagos and pleaded not guilty to the...

Nigerian Elites Frustrating Fight Against Corrupt Individuals, Says Osinbajo

Vice-President, Prof Yemi Osinbajo, has said that whenever he wants to sack a public official who has been found to be corrupt, he gets...
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