Category: Local News

44 ViewsShareholders of Conoil Plc are to receive a dividend of N1.04 billion for the year ended December 31, 2020. The dividend, which translates to 150 kobo per share was recommended following the release...

18 ViewsThe crude oil market is picking up as refiners of the commodity are now showing increasing interest in its purchase, the Organisation of Petroleum Exporting Countries announced on Thursday. Nigeria is a long-standing...

17 ViewsThe Federal Government says it has paid N940. 2 billion to oil marketers, exporters, local contractors including arrears owed state governments. The N940.2 billion repayment figure is contained in the latest debt stock released...

20 ViewsThe Nigerian Communications Commission (NCC) has concluded the process for determining the cost-based price of mobile International Termination Rate (ITR) to ensure healthy competition on traffic handling for voice services between local and...

30 ViewsNiger, Togo, Benin and Burkina Faso are collaborating to buy the unutilised power produced in Nigeria, the Chairman of the Executive Board of the West African Power Pool, Sule Abdulaziz, said on Wednesday....

33 ViewsNigeria’s total public debt had a 0.58 per cent marginal increase from N32.916 trillion as of December 31, 2020 to N33.1 trillion ($87.239 billion by March 31, 2021, latest figures from the Debt...

23 ViewsGroup General Manager, National Petroleum Investment Management Services (NAPIMS), Mr Bala Wunti, has disclosed that the Joint Venture partnership between the Nigerian National Petroleum Corporation (NNPC) and TotalEnergies has raked in €1 million (euros)...

28 ViewsThe Amalgamated Union of Food Stuff and Cattle Dealers of Nigeria (AFUCDN) has threatened to cut the supply of foodstuff nationwide if insecurity is not addressed by the Federal Government. A drastic drop...

34 ViewsTelecommunication companies have lost 19.20 million subscribers since the Federal Government began the linking of National Identity Number with SIM cards, according to new industry statistics released by the Nigerian Communications Commission on...

20 ViewsThe Chief Executive Officer, FMDQ Group, Mr. Bola Onadele. Koko, has hailed the Central Bank of Nigeria (CBN) for activating the on-system trading and reporting of foreign exchange (FX) transactions on the FMDQ-advised...

30 ViewsThe Senate on Tuesday passed the Nigerian Postal Service (Repeal and Reenactment) Bill, 2021, which effectively restricted the agency to only postal operations in the country. The Bill also unbundled the agency by...

42 ViewsThere was uneasy calm at the nation’s seaports on Tuesday following an increase in the exchange rate for cargo clearance by  the Central Bank of Nigeria (CBN) from N381 to N404.97 per dollar Daily Sun...

32 ViewsEcobank Transnational Incorporated, the parent company of the Ecobank Group, has said it is seeking to raise $300m from the international debt capital markets. ETI said in a statement on Monday that the...

31 ViewsThe National Pension Commission has ordered Pension Fund Administrators to stop charging any fee on micro pension funds under their management that are below N5m. It disclosed this on Monday in a circular...

23 ViewsWhen fully operational, the African Continental Free Trade Area (AfCFTA) agreement will boost exports in the continent by at least $560 billion, the federal government has said. Senior Special Assistant to the Nigerian...

25 ViewsPrestige Assurance Plc has planned for a new capital raise of N3.374 billion to enable it meet capitalisation requirements of N10 billion set for companies in its category. This this is despite that...