SPDC appoints first Nigerian female MD
Shell Nigeria Exploration and Production Company (SNEPCO) has appointed Elohor Aiboni as its first female Managing Director. The development was also confirmed by one of...
Business
MBA forex received N171 billion from 125, 397 investors – CBN
The Central Bank of Nigeria has said 125, 397 investors deposited a total of 171, 128,219,041 into accounts belonging to the MBA Trading and Capital...
Global oil prices surge above $70 after attack on Saudi Arabia’s oil station
Brent crude futures surged above $70 a barrel on Monday for the first time since the COVID-19 pandemic began. This followed reports of attacks on...
Replace obsolete meters-NERC orders DisCos
The Nigerian Electricity Regulatory Commission (NERC) has directted the electricity Distribution Companies (DisCos) to replace faulty and obsolete meters for their customers. The effective date,...
NNPC denies plan to increase pump price
There is no plan to icrease pump price of petroleum products, the Nigerian National Petroleum Corporation (NNPC) said on Tuesday. Group General Manager, Group Public...
DSS, Police begin investigations into MBA forex
Following outcries by investors for the return of their capital running into hundreds of billions in the MBA Forex Trading And Investment Company, Nigerian security...
Aftermath of stampede: Pinkcoin suspend nationwide Christmas palliative market
By: Felix Ikpotor Following the stampede which claimed some lives in one of its markets in Obio Akpor, Rivers State on Tuesday,, Inksnation, owners of...
Transcorp Power Consortium acquires Afam power plant for N105 billion
By: Admin Nigeria’s Federal government has completed the privatization of the Afam power plant with Transcorp Power Consortium purchasing the plant for 105.3 billion naira....
CBN probes 71 companies for suspected forex deals
By: Admin The Central Bank of Nigeria (CBN) has launched a massive investigation into foreign exchange transactions by 71 companies after preliminary reviews raised suspicions...
NNPC extends fuel-crude oil swap contract by six months
Nigerian National Petroleum Corporation, NNPC has extended its contracts with private companies to swap crude oil for fuels for extra six months. The initial one-year...