A German court has ruled that cities can ban some diesel cars Volkswagen has said it will buy back new or nearly new diesel cars affected by diesel bans in German cities. A German court recently ruled that cities should be allowed to ban some diesel cars to reduce pollution.The scheme will only apply in […]
Forty-two years of galvanizing the economy of states in the western region, the O’dua Investment Group formally admitted Lagos as one of the investing states.The six Governors of south west region under the auspices of the Western Nigerian Governors Forum on Wednesday formally admitted Lagos State into the Group.Lagos acquired a total of 115 million […]
Unity Bank Plc, a Nigerian lender, denied entering a binding agreement with private-equity firm Milost Global Inc. over a potential $1 billion investment, saying talks were only preliminary and didn’t come with any commitments. New York-based Milost this week said it terminated talks to provide debt and equity funding to Unity, saying it received threats […]
Every year, new cars across global markets are judged on their merits by the world Car of the Year (WCOTY) judging panel, which consists of journalists and experts from some of the most famous motoring publications of Asia, North America and Europe. This year’s eligible cars must have been sold on at least two continents […]
The Senate and the House of Representatives have received and adopted the conference committee report on the Petroleum Industry and Governance Bill (PIGB), bringing to near closure the over 16-year journey of the legislation. The consideration followed the presentation of the reports by the chairman, Senate committee on Petroleum Resources (upstream), Omotayo Alasoadura (APC, Ondo […]
Nigeria earned 557.9 billion naira ($1.77 billion) in gross revenues in February, up from 538.9 billion naira the previous month due to higher crude exports and prices, the accountant general said on Thursday.The state distributed 647.4 billion naira to its three arms of government for running its operations. A day earlier Nigeria’s finance minister called […]
Royal Dutch Shell has filed a criminal complaint against a former employee over suspected bribes in the sale of a Nigerian onshore oilfield in 2011, shedding more light on the company’s activities in the oil-rich West African country. The suspected wrongdoing is unrelated to a court case against the Anglo-Dutch company and Eni in Italy […]
-As Finance Minister summons NNPC GmD The inconclusive Federation Account Allocation Committee (FAAC) meeting has forced finance minister Kemi Adeosun to liaise with the NNPC over discrepancies in payment into the Federation Account. This is coming after FAAC noticed discrepancies of about N37.76 billion in revenue presented by the NNPC. Adeosun, who is also the […]
Nigeria’s central bank said it had injected $210 million into the interbank foreign exchange market on Tuesday, as it strives to maintain liquidity and ease dollar shortages in a complicated sector-by-sector approach. The bank said in a statement it had released $100 million earmarked for the wholesale market, $55 million for small businesses and individuals, […]