NNPC: No Plan to Import Crude Oil into Nigeria
Regulators of the oil and gas sector have denied alleged plans to import crude oil from neighbouring African countries. Officials of the Department of Petroleum...
Investors shut down Diamond Bank over N398 Million In Minna
No fewer than one thousand investors who deposited over N398 million of their hard earned money in the account of Cashflow with the Diamond Bank...
OPEC Predicts:Crude Oil PriceMay Rise Next Month
The Organisation of Petroleum Exporting Countries, OPEC, yesterday said it was confident that the prices of crude oil would rise by next month as against...
14 Airlines Withdraw Service from Nigeria amid Economic Recession
No fewer than 14 airlines have withdrawn their services from the country due to low patronage on account of the economic recession. The airlines, including...
Dangote Industries to Commence Construction of Concrete Roads in States
Dangote Industries Limited has announced the commencement of the construction of concrete roads in various states across the country, particularly in Lagos, Bauchi, Kogi, Kaduna...
FEC Approves Bigger Seaport for Badagry
The Federal Government has approved the construction of a bigger seaport in Badagry, in Lagos State. Minister for Information, Lai Mohammed, who disclosed this at...
FGN Retakes Ajaokuta Steel Company, possession Crisis Ends
The Federal Government on Monday took a major step in its plan to revitalise the steel sector as it signed a renegotiated concession agreement with...
Economic Growth: Nigeria Rated Among Top 10 Emerging Markets of Future
BMI Research, a Fitch Group company and financial market analysis firm, has recently identified 10 emerging markets from the Asian and African region that are...
MPC Increases Interest Rate To 14%, Warns Banks
The Monetary Policy Committee (MPC) on Tuesday hiked the Monetary Policy Rate by 200 basis points from 12 per cent to 14 per cent to combat inflation...
Ship hits new Panama Canal wall, sparking design concerns
A Chinese container ship hit a wall of the new lane of the Panama Canal, a Canal Authority official and a local ship agent said on Monday,...