FG sues Shell and Eni for £868m over 2011 oil deal
The Federal Government has filed a billion-dollar claim in a British court against oil giants Royal Dutch Shell and Eni over alleged fraud and corruption...
Business
Another fuel crisis looms as marketers give govt 7-day ultimatum
Another fuel scarcity looms as oil marketers on Sunday in Lagos gave the federal government seven-day ultimatum to settle outstanding debts totalling N800 billion, failing...
FG’s gross revenue falls by N300bn
The Federal Government’s earnings for the month of August 2018 took a N200 billion dive from its July receipts, according to a report published by...
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...
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...