HOW DPR IS FUELING PETROL SCARCITY

With Nigeria’s scarcity issues yet to abate, the Department of Petroleum (DPR) has embarked on what observers refer to as a crackdown on several...

NIGERIA BANKS REJECT DOLLAR DEPOSITS TO CURB SPECULATION

Nigeria’s commercial lenders have stopped accepting cash deposits in dollars, in a move to discourage speculation on the naira currency, two banks said on...

MICROSOFT UNIT LAY OFF 85% OF NIGERIAN WORKERS

Microsoft on Thursday sacked 34 (85 per cent) of the 40 employees in the Nigerian office of its phone division. The sacking came 24 hours...

SHELL TO SACK 6,500 STAFF, CUT INVESTMENTS TO $30BN

Royal Dutch Shell is to sack 6,500 staff this year and cut investments for the second time in the year to $30 billion. The company,...

REPORT: AIRTEL TO CUT AFRICAN WORKFORCE BY 20%

Bharti Airtel is reportedly set to reduce its headcount in Africa by between 15 per cent and 20 per cent this year, including the...

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...
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INEC Insists No Certificates For Okorocha, Others Declared Under Duress

The Independent National Electoral Commission on Thursday insisted that it would not reward bad conduct by presenting certificates of return to candidates who its...

Nigeria More Divided, In Danger, Says Obasanjo

Former President Olusegun Obasanjo has raised the alarm that Nigeria was more  divided and in danger over the current state of disunity in the...

US: We Are Disappointed By The Quality Of 2019 Elections

The United States has said it was disappointed by the quality of the 2019 elections, citing the low voter turnout, and reports of voter...