National Union of Petroleum and Natural Gas Workers (NUPENG) has described as a welcome development the planned expansion of the holding capacity of the existing petroleum tanker parking lot at…
As the Federal Government battles to plug revenue leakages, occasioned by drop in oil prices, revelations emerged yesterday that the nation gave out waivers to the tune of N585 billion…
Lagos State Governor Akinwunmi Ambode has directed agencies of the state government occupying rented apartments to vacate them, in a move to block lopeholes and conserve scarce resources. The agencies,…
Board of Ecobank Nigeria has elected John Oche Aboh as its new chairman. Aboh, who was recently appointed to the board as a non-executive director, brings with him a wealth…
At least five people were killed by a bomb in Gamboru market in Maiduguri on Friday morning, a policeman and a rescue worker said. Maiduguri, the capital of Borno state,…
Analysts have advocated for foreign exchange determining mechanism to allow free float of the naira, which would subsequently reduce forex rate viability to achieve monetary stability. The Central Bank of…
The Major Oil Marketers Association of Nigeria (MOMAN) on Friday threatened to stop the importation of petroleum products over yet-to-be-paid N256 billion subsidy claim by the Federal Government. The Executive…
The Central Bank of Nigeria (CBN) has ordered banks to crack down on borrowers with non-performing loans (NPLs), adding that it would bar debtors from FX market. The move is…
Asian giant, Japan, has provided Nigeria with $4.5 million (N886.5 million) grant to purchase disaster reduction equipment, a development which the Minister, National Planning Commission, Dr Abubakar Suleiman, said would…
President Goodluck Jonathan, said on Friday that his meeting with the President-elect, Muhammadu Buhari at the Aso Rock Villa on Friday was to further their conversation on the wellbeing Nigeria.…