Business & Finance

In the next one year, barring unforeseen circumstances, the ongoing $11 billion (about N4 trillion) petrochemical and fertiliser projects that Aliko Dangote, Africa’s richest man, embarked upon some 18 months ago would be expected to start…
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The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Simbi Wabote, has called for better collaboration among players in the Nigerian oil and gas industry. He also canvassed similar measures among…
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The Central Bank of Nigeria, CBN is supporting private enterprises in the country. It has got programmes that have given fillips to this administration’s special interventions. They are critical investments with some of them venture…
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President Muhammadu Buhari, being Nigeria’s substantive minister of petroleum resources, has approved the renewal of 22 expired and expiring oil blocks, from which the Department of Petroleum Resources (DPR) realised about $1 billion for…
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The three tiers of the Nigerian government, consisting of Federal, States and Local Councils, on Friday shared about N649.198 billion as statutory allocations from Federation Account for December 2018. The allocation includes…
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The federal government has given International Oil Companies (IOCs) operating in Nigeria’s deep offshore and inland basin a 14-day ultimatum to pay all outstanding revenues on Production Sharing Contracts (PSCs). The government said the…
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The Nigerian crude market remained strong on yesterday, with sellers feeling confident enough to offer Bonny Light and Qua Iboe around their highest in over four years, while Angola continued to trade at a brisk clip. Shortages of…
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The Nigerian National Petroleum Corporation (NNPC) has said that the ongoing attempts by politicians to drag its name into partisan politics was a potent danger to the corporation’s business interests, contract deals and MoUs which…
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...DPR generated N1.3trn in 2018 The federal government has revealed that it has so far disbursed a total of N 2.231 trillion to 35 state governments from 2016 to date as palliatives measures to support States to pay salaries and…
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MT Africa Gas and MT Sahara Gas has delivered 437,170 metric tons of liquefied petroleum gas (LPG), known as cooking gas to the domestic market thus boosting penetration of the product in the country. The vessels were unveiled in Ulsan,…
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