36 states, FCT owe N3.5trn in H1’18-DMO
The Debt Management Office (DMO), has said that the domestic debt stock of the country’s 36 states and the Federal Capital Territory (FCT) stood at...
Business
Single currency: Nigeria, Ghana, others fail to meet criteria
The failure of some countries within the West African Monetary Zone to meet up with the macroeconomic convergence criteria is currently threatening the take-off of...
Nigeria Breweries empower artisans, small businesses with N30m
Life Continental Lager Beer, a beverage brand in the stables of Nigeria Breweries (NB), has earmarked N30 million for empowerment of 100 artisans and small...
NNPC to establish two condensate refineries
Nigerian National Petroleum Corporation (NNPC) says it will establish two condensate refineries with a total refining capacity of 200,000 barrels per day. The corporation disclosed...
Excess crude revenue rises to $58m per day as price hits $76 per barrel
Nigeria’s excess oil revenue has reportedly risen from $48.3 millio n to $58 million per day as international oil price leaps to $76 per barrel...
Don’t sell 9mobile over $43m debt-Shareholders
Some shareholders of Etisalat (now 9Mobile) have cautioned against the sale of the firm in view of a pending case before the Federal High Court...
Fed Govt to shut land border over rice smuggling
The Federal Government says it will shut down the borders with a neighbouiring country through which rice is smuggled on a large scale into the...
$1.3bn Oil Deal: Trial Of 9 Ex-Chief Executives of Eni, Shell to begin June 20
The trial of nine current and former executives or contractors from Italy’s Eni and British-Dutch giant Royal Dutch Shell, including ENI Chief Executive Claudio D20escalzi,...
Governors threaten takeover of fuel subsidy payment
National Economic Council (NEC), comprising the 36 State Governors in the country, has threatened to take control of subsidy payments on petroleum products in their...
Senate orders NNPC to return 216 billion naira illegally paid for subsidies
Michael Ita Bassey The Nigerian Senate has ordered the Nigeria National Petroleum Corporation, NNPC, to immediately refund two hundred and sixteen billion naira, illegally used...