Buhari Approves Renewal of Three Oil Licences for Seplat till 2038 – Official

President Muhammadu Buhari has given consent for the renewal of three Oil Mining Licences (OML) belonging to oil and gas firm, Seplat Petroleum Development Company Plc. A disclosure sent to…

Financial Statements: NSE Fines four Firms N127.2m

The Nigerian Stock Exchange has fined four companies a total of N127.2m for failure to adhere to best corporate governance practices and refusal to submit their accounts and operational reports…

Electronic Fraud Losses Will Hit N6tn by 2021

The Central Bank of Nigeria (CBN) has warned that electronic fraud losses in the banking system would reach N6.1 trillion by 2021. Mr Sunday Salam-Alada, Director, Consumer Protection Department of…

UN, Nigeria Mobilise Firms for North East’s Fund

The first-ever joint humanitarian fund in which the private sector would join donors is to be launched by the UN and Nigerian business leaders to raise fund for rebuilding of…

Nigeria Raises $2.86b Eurobonds to Fund Capital Expenditure

The Federal Government has raised funds from its external debt requirements to finance the 2018 budget at a considerably lower cost than projected. Following the successful pricing, Minister of Finance…

Hope Party Drags INEC, APC to Court over “Tradermoni” Scheme

The Hope Democratic Party (HDP) has dragged the Independent National Electoral Commission (INEC) to court over the short period given to parties to campaign in preparation for the 2019 general…

NNPC, CBN to Explain Withdrawal of $1.2b

The Senate Committee on Gas has said that NNPC and Central Bank of Nigeria (CBN) are to submit documents on the withdrawal of $1.2 billion from the NLNG dividends account…

AfDB Assesses Success of African Investment Forum

The just-concluded Africa Investment Forum successfully convened key stakeholders and provided a platform for effective dialogue to drive investments into the continent. Running on the margins of the Forum, the…

Nigerian Govt to Auction N115 billion Bonds on November 21

The Debt Management Office (DMO) says the federal government will auction by subscription N115 billion worth of bonds on November 21. The DMO said in a circular on its website…

Bad News for Nigeria as Brent Crude Slips to $65

It is certainly not cheering news for oil exporters such as Nigeria as Brent crude oil prices extended a steep slide on Wednesday on the back of worries about weakening…