News

The federal government through the Ministry of Petroleum Resources has developed a framework on the concession of oil and gas pipeline assets nationwide. Permanent Secretary, Ministry of Petroleum Resources, Gabriel...

The stock market of the Nigerian Exchange Limited (NGX) traded flat yesterday as the All Share Index (ASI) gained 0.001 per cent to close at 44,269.43 basis points. Also, the market capitalisation remained at N24.112 trillion...

Compared to Nigeria’s projected oil production of 468.8 million barrels in the first three quarters of 2022, the country was only able to drill 284.70 million barrels at the end...

In furtherance of their corporate social responsibilities, the Nigerian National Petroleum Company Limited (NNPC), TotalEnergies Upstream Nigeria Limited, operator of the Oil Mining Lease (OML) 130, and partners have inaugurated...

The Federal Inland Revenue Service (FIRS) has appointed MTN and Airtel, as well as commercial banks and deposit money banks in Nigeria, to withhold and remit Value Added Tax (VAT)...

BUA Foods Plc has released its results for the fiscal year ending on 30 September 2022. The result shows that the Group's revenue and profit after tax have increased yearly....

After crossing the symbolic N1000 mark on the parallel market, the Nigerian currency, the naira, has crashed to a historic low against the British Pound. According to a tracker seen...

A total of nine Nigerian banks generated a sum of N203.71 billion from Electronic-business earnings in nine months of 2022 with Access Holdings Plc and United Bank for Africa Plc (UBA) topping the list of highest earners. Also,...

The country’s on-oil export rose to about $2.59 billion in the first half of the year, representing an increase of 62.37 per cent compared to $1.60 billion recorded during the...

The African Development Bank (AfDB) has signed an agreement with First City Monument Bank (FCMB) for a $50 million line of credit to support access to finance for small and...