Remaining 3 petroleum bills pass second reading, now in committee stage
Barley one month after the effective passage of the Petroleum Industry Governance Bill (PIGB), the Senate on Thursday, has kept to her promise by speeding up the legislative work on other three segments of the oil industry bills. The upper…
EFCC recovers N328bn from 9 oil marketers’, expects more from diversions
The Economic and Financial Crimes Commission (EFCC), working on a petition from petition against the leadership of the Nigerian National Petroleum Corporation (NNPC) and its subsidiary, the Pipelines and Product Marketing Company (PPMC), has recovered N328bn from Forte Oil, Oando,…
Failing US inventories stabilizing oil price above $50 throughout this week
Due to failing US inventories, oil prices seem be stabilizing at a near eight-week highs since Wednesday. The scenario bolstered expectations that the long-oversupplied market was moving toward balance. Brent crude futures rose 40 cents to $50.60 a barrel by…
Rating expert reveals key consumer lending challenges of Nigerian banks
Managing Director and chief executive officer of CRC Credit Bureau, a Central Bank of Nigeria-licensed credit score reporting company, Mr. Tunde Popoola, has given insights on the core issues frustrating Nigerian banks in giving credits to small businesses. In an…
Disquiet at Lagos Customs commands over ban on Customs checkpoints by CG
Barely 24 hours after the announcement by the Nigerian Customs Service (NCS) Comptroller-General, Hameed Ali on Tuesday ordering the immediate dismantling of checkpoints, checks in commands around Lagos show sad moods and fears of meeting revenue targets. Most of the…
Customs rakes all time high revenue, hits N486b in first half of 2017
The Nigerian Customs Service (NCS) has said it reached an all-time high record in revenue generation, for the first half of the year 2017, raking in a record N486 billion. According to the Public Relations Officer of the Service, Mr….
NCC hosts 9Mobile exco, opens up on why it intervened with CBN
At last, the Nigerian Communications Commission (NCC) has revealed why it was attracted to resolving the Etisalat debt issue, saying it had targeted a hanging $2bn Foreign Direct Investment (FDI) expected from Mubadala of United Arab Emirates, core investors in…
Current board at 9mobile has only 90 to 180 days to sell it– CBN
The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has given more insights on the real time frame and duties of the new management of 9Mobile led by Dr. Joseph Nnanna, former deputy governor of the apex bank….
Zinox, Google relive ICT in Nigeria, open TD outlet in Computer Village
Pioneer investor in Information and Communications technology (ICT) and chairman of Zinox Technologies, Leo Stan Ekeh has opened up on his rise to stardom in the industry, saying “Technically, I pioneered IT in the country about 30 years ago”. Giving…
FG set to concession Onitsha port, postpones delivery of others to election year
Indications emerged in Lagos during the recent 2017 National Inland Waterways Authority (NIWA) International Conference and Exhibition that all the pleas made by South East top business operators and importers during the visit of the Acting president on the need…
