The influential Financial Times has published a scathing article criticizing Nigeria’s President Muhammadu Buhari. The article was written by Columnist David Pilling. According to the article,...
The Nigerian National Petroleum Corporation, NNPC, has said that its subsidiary, Kaduna Refining and Petrochemical Company, KRPC, is losing an average of N2.2 billion annually to illegal tapping...
Banks (DMBs) operating in the country are now to contribute 5 per cent of their annual Profit After Tax to an Agriculture Development Fund, that will...
Asset Management Company of Nigeria has taken over the operations of Arik Air to save it from total collapse. Arik Air has been immersed in heavy...
Nigeria plans to auction N110 billion local currency bonds on Feb. 15, its second debt sale this year, the Debt Management Office said. The debt office...
National Assembly has endorsed government’s request to sell a $1 billion Eurobond on the international debt market to help finance federal government budget deficit, the senate...
Italian prosecutors have asked for the CEO of oil and gas group Eni Claudio Descalzi to be sent to trial over alleged corruption in Nigeria, judicial...
Nigeria has said it would set aside $50 billion to fund and stimulate investment in biofuels production in Nigeria. Governor of the Central Bank of Nigeria,...
Investors are shunning Nigeria because of lack of respect for sanctity of contract and property right. According to a foreign investment broker, Mr. Osita Oparaugo, Managing...
NIGERIA Agip Oil company, NAOC has ignored Nigeria legislators, that is the joint committee of the Senate and House of Representatives of the National Assembly. The...
Sahara Energy, Glencore, Gunvpr, Aiteo, MRS, Trafigura and 122 other companies, have expressed their willingness to serve as off-takers for 800,000 barrels per day of Nigerian...
Omni Helicopters International S.A. (“OHI”), parent of Brazil’s leading offshore aviation specialist Omni Taxi Aéreo S.A. (“OTA”), and Omni Blu Aviation Ltd. (“Omni Blu”), the independent...
Moved by the need to enhance affordability of food prices across country, the Buhari administration has constituted a Presidential Task Force to urgently consider measures that...
Central Nank of Nigeria CBN said it has sold $660 million in three- and five- month currency forwards at an auction aimed at clearing a backlog...
Foreign investment inflow into Nigeria fell from $9.6 billion about $4.52 billion, to $5.12 billion, between 2015 and 2016, according to data Obtained from the National...