Nigeria owes up to $3 billion to supermajors and trading giants for the fuel-for-crude swaps via which Africa’s biggest oil producer has been importing fuel to meet domestic demand, Oilprice.com reports, quoting Reuters on Friday which cited executives and...
The Chairman of Skyway Aviation Handling Company PLC (SAHCO), Dr Taiwo Afolabi, has promised better dividends for the shareholders of the company for the current financial year ending Dec. 31, 2023.
Afolabi gave the promise at the 13th Annual...
Cadbury Nigeria Plc, a subsidiary of Mondelez International, received three awards and a special recognition at the International Finance Corporation (IFC)and the Nigerian Stock Exchange (NGX) Nigeria2Equal Programme Awards, which took place in Lagos State, recently.
The awards are Company...
The Nigerian Naira closed at N770.17/$ at the official window on Friday against N763.17 the previous day, marking a value-shedding of N7 or 10 percent. The parallel market closed at N770/US, consolidating on the exchange rates convergence that was...
The Securities and Exchange Commission has said that its financial statements have been duly audited over the years restating its commitment to high corporate governance standards.
According to a statement signed by the Management of the Commission, "the attention of...
The Nigerian leadership seems to be uninformed or unaware of the disservice it has been doing to the country by the apparent procrastination and indecision on the much-awaited automotive policy for Nigeria.
This is despite all the self-professed love for...
The Calabar Division of the Court of Appeal, on Friday, June 23, 2023 upheld the conviction of Senator Bassey Albert Akpan on money laundering charges by a Federal High Court, Uyo, Akwa Ibom State and ordered his arrest.
Justice Agatha...
Former Commissioner for Inter-Governmental Affairs in the immediate past administration of former Governor Ben Ayade, Alhaji Adamu Musa Uba, has canvassed for the support of the muslim community in the state for the new administration of...
The total amount of transactions on Nigerian Exchange Limited (NGX) grew to N322.92 billion in the month of May as against N191.21 billion in the previous trading month, thus representing a 68.88 per cent increase.
This is according to the...
The new Chief of Defence Intelligence (CDI), Maj.-Gen. Emmanuel Undiandeye, has warned criminals and those with intentions to plot evil against the country to shelve the idea forthwith.
Undiandeye gave the warning on Friday in Abuja when he formally took...
Describing the allegations as entirely false, Adedeji said they were the handiwork of individuals determined to discredit him and weaken public confidence in the Tinubu administration.
