Modular refinery to commence operation in Edo, Nigeria
BENIN CITY – THE Nigerian Content Development and Monitoring Board (NCDMB) has said that the Duport Midstream Company Limited (DMCL)...
CBN issues cybersecurity guidelines for financial Institutions amid MTN N22.3bn court case with banks
The Central Bank of Nigeria (CBN) has issued guidelines for improved cyber security in Nigerian financial sector, especially among the...
Nigerian government gives breakdown of N74bn subsidy payment to petroleum marketers in seven months
Amid scarcity, the Federal government has revealed that petrol marketers in the country in seven months received N74 billion subsidy...
Oil is likely to hit $200 a barrel under the disastrous G7 plan to cap Russian prices
Oil prices could surge to above $200 a barrel if the G7 decides to try to cap Russian prices, an...
Nigeria flares N4trn worth of gas in 10 years
Nigeria flared natural gas worth over $13.3bn (N4 trillion) within the last 10 years,Ikeanumba analysis show, volumes that could have...
NNPC transforms to new company from Friday
The Nigerian National Petroleum Corporation (NNPC) will from Friday, July 1 become a different entity in its operation. The state-owned...
Nigeria Petrol subsidy hits N2.1trn
Nigeria has incurred an estimated petrol subsidy of N2.1 trillion in the first six months of this year, according to...
Investors make N140bn as Nigeria’s stock market maintains bullish run
The Nigerian capital market maintained its bullish run on Monday following the 0.49 percent rise in equity capitalisation at the...
BUSINESS ROUNDUP: Crude oil trades at $111/barrel; Price of beverages, sweetened drinks to go up; Other stories
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week...
Dangote Refinery can curb Nigeria’s petrol import and scarcity crises
The coming on stream of the 650,000 barrels-per-day Dangote Petroleum Refinery is expected to curb Nigeria’s petrol import and scarcity...