Naira firms up as CBN resumes intervention with $418m. First sovereign Islamic Bond to debut June 28.Guardian Online The exchange rate at the parallel market remained stable at N367 to the dollar yesterday, as the Central Bank [...]
NCAA to comply with executive order at airports. Tribune Online The Nigerian Civil Aviation Authority (NCAA) has put in place adequate measures to ensure full and sustained compliance with the Federal Government’s Executive Order (EO) at our [...]
Nigeria Boosts Oil Exports as Shell Lifts Force Majeure on Forcados Crude. Crude Oil Prices Drop by over 3% on Rising United States Inventories. Thisday Online Royal Dutch Shell has announced the lifting of force majeure on [...]
Update companies or loose registration licences, SEC warns capital market experts. Thisday Online The Securities and Exchange Commission (SEC) said it would revoke the registration of about 400 Capital Market Experts who fail to provide updated information [...]
NUPENG threatens strike over Port Harcourt refinery sale. Punch Online The Nigeria Union of Petroleum and Natural Gas Workers has vowed to shut down the oil sector if the Federal Government fails to rescind its decision on [...]
OPEC Will Resist Sabotage by Shale Oil Producers, Says Kachikwu. Thisday Online The Minister of State for Petroleum, Dr. Ibe Kachikwu, has stated that the Organisation of Petroleum Exporting Countries (OPEC) will resist any deliberate action by [...]
CBN’s regular intervention in FX market inevitable, says Ajibola. Punch Online The continued intervention of the Central Bank of Nigeria in the foreign exchange market to strengthen the naira is inevitable due to the volatile nature of [...]
Ex-AGF, Olujimi Accuses FG of Frustrating Dasuki’s Trial. DSS again refuses to produce former NSA in court.Thisday Online Former Attorney General of the Federation and Minister of Justice, Chief Akin Olujimi (SAN), has accused the federal [...]
FG budgets N10 b for Abuja Airport second runway. Vanguard Online In a bid to prevent further costly shutdown of operations, the Federal Government has begun moves to construct a second runway at the Nnamdi Azikiwe International [...]
Government receives N11tr from SPDC JVs in four years. Gets N427bn in royalties, taxes in 2016. Guardian Online The Federal Government has so far received about $29 billion (N11.7 trillion) from the Shell Petroleum Development Company of [...]
NNPC to resume oil search in Chad Basin. Punch Online The Nigerian National Petroleum Corporation on Monday said it would resume oil exploration activities in the Chad Basin in the next six weeks. It said the projection [...]
Naira Gains as CBN Floods Market with $457.3m. Thisday Online The naira appreciated to N386 to the dollar on the parallel market Monday, stronger than the N390 to the dollar it maintained throughout last week, as [...]
Nigerian oil sales slow as uncertainty surrounds DSDP. Punch Online Trade of Nigerian crude oil has slowed with offers not meeting buying interest and uncertainty remains over the nation’s direct sale of crude oil and direct purchase [...]
Senate C’ttee Lays PIB Report ahead of Consideration. Thisday Online The Senate Joint Committees on Petroleum Upstream, Petroleum Downstream and Gas, Thursday laid its report for the Petroleum Industry Governance Bill (PIGB) before the Senate ahead of [...]
Court Sentences Two, Orders Forfeiture of Property over N8bn Currency Scam. Thisday Online Weeks after entering into plea bargain with the Economic and Financial Crimes Commission (EFCC), a senior clerk with the Central Bank of Nigeria (CBN), [...]
CBN Signals Retention of Tight Monetary Policy, Targets Rate Convergence. Banking industry fines drop by 79%.Thisday Online As the Monetary Policy Committee commences its two-day meeting today, a Deputy Governor of the Central Bank of Nigeria [...]
FG Unfolds Power Recovery Plan, Okays N80bn for Road Rehabilitation. Approves link roads to Second Niger Bridge, infrastructural programme for FCT. Thisday Online The federal government Wednesday unfolded what it described as power sector recovery programme with [...]
Dollar Drops Below N400/$ for First Time in Seven Months. Sarah Alade bows out, recalls when CBN had ‘four governors’. Thisday Online For the first time in seven months, the dollar fell below the psychological N400 barrier, [...]
The National Chairman of the Peoples Democratic Party, Ali Modu Sheriff, has commenced moves to stop any appeal to the Supreme Court seeking to challenge the judgment of the Court of Appeal, Port Harcourt Division, which [...]
EFCC hands over Amosu’s $2.15m hospital to Air Force. Punch Online A hospital with medical equipment worth about $2.15m which was seized from a former Chief of Air Staff, Air Marshal Adesola Amosu (retd.), has been handed [...]
