It is not going to be easy for banks, companies and individuals behind activities aimed at undermining the extant policy on the 41 items banned from accessing foreign exchange at the official window of the Central Bank of Nigeria (CBN), as it is now declared economic sabotage. For the apex bank, beside the immediate prosecution, […]
As part of its strategic aspirations to drive maximum value from Nigeria’s abundant natural gas resources, the Nigerian National Petroleum Corporation (NNPC) is targeting 10 per cent market share of the global Liquefied Natural Gas (LNG) market. Group Managing Director of the NNPC, Dr Maikanti Baru, expressed the Corporation’s commitment at the opening ceremony of […]
Oil marketers on Sunday in Lagos gave the Federal Government seven-day ultimatum to settle outstanding debts totalling N800 billion, failing which depots would cease operation across the country. The marketers, comprising Major Oil Marketers Association of Nigeria (MOMAN), Depot and Petroleum Products Marketers Association (DAPPMA) and Independent Petroleum Products Importers (IPPIs), said failure to meet […]
Nigeria was on Saturday crowned winners of the African Women Cup of Nations, AWCON, played in Accra, Ghana. The game pitted the then eight-time champions: Super Falcons of Nigeria against the ambitious and ever confident Banyana Banyana of South Africa. At the end of proceedings, Nigeria proved superior at the spot kicks beating their opponents […]
The Petroleum Technology Development Fund (PTDF) says application process is open for qualified Nigerians to apply for its 2019/20 overseas scholarship scheme for Msc and PhD studies. The Fund made the announcement in a statement signed by Mr kalu Otisi, Head, Press and External Affairs, in Abuja. “Qualified Nigerian youths desirous of acquiring advanced degrees […]
Microsoft Corp’s stock market value closed above Apple Inc’s for the first time in eight years on Friday as the Windows maker benefited from growth in cloud computing while Apple was hit by investor concern about iPhone demand. Shares of Microsoft rose 0.6 percent to end the week at $110.89, putting its market capitalisation at […]
By Foster Obi The Nigeria Shippers’ Council (NSC) said its 2018 Stakeholders appreciation night will be held December 6th at Lagos Continental Hotel, Victoria Island, Lagos at 5pm. The event is expected to be chaired by Eng. Mansur Ahmed, President Manufacturers Association of Nigeria (MAN). According NSC, the annual event is aimed at reviewing activities […]
Cameroon has been stripped of the right to host the 2019 African Nations Cup finals due to delays in preparations for the tournament and security concerns. The Confederation of African Football (CAF) confirmed the unanimous decision after a meeting of its executive committee in Accra on Friday. Morocco is the favourite to take over the […]
Nigeria’s Diamond Bank said on Friday it plans to pay off a $200 million Eurobond due in May with dollars generated from operations and has no plan to refinance the debt. The mid-tier lender also said it has received approval from the central bank to operate only in Nigeria, in a move to lower capital […]
OPEC oil supply has fallen in November from a two-year high due to U.S. sanctions on Iran, a Reuters survey found, although most of the output gap left by Iran was plugged by Saudi Arabia and the UAE in response to calls from U.S. President Donald Trump. The 15-member Organization of the Petroleum Exporting Countries […]