* After NUPRC raised objection President Muhammadu Buhari has reportedly reversed his approval of Seplat Energy’s…
Category: Business/Economy
EKEDC reports fire outbreak at Lagos Island substation, appeals for patience
The Eko Electricity Distribution Company (EKEDC) has reported a fire incident at its injection substation in…
Senate tackles NIMASA over $5m legal fee claim, demands payment evidence
The Senate Committee on Public Accounts (SPAC), on Tuesday, issued a 48-hour ultimatum to the Nigerian…
Nigeria achieves 44.3% 5G technology broadband deployment
Broadband penetration in the country has reached 44.30 percent in readiness for the fifth Generation (5G…
Regulator overrules Presidency on $1.28bn Seplat/ExxonMobil deal
The Presidency and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have disagreed over the $1.283billion sale…
World Bank ranks Nigeria 4th on list of chronic debtor nations
* Owes $13bn Nigeria has moved up on the World Bank’s top 10 International Development Association…
Buhari okays acquisition of Exxon Mobil shares by Seplat
President Muhammadu Buhari has consented to the acquisition of Exxon Mobil shares in the United States…
Currency speculators suffer losses as Naira recovers gradually
Some Nigerians who decided to buy dollars with the hope of making big gains have been…
CBN blames private sector for dollar scarcity
The Central Bank of Nigeria (CBN) Deputy Director, Banking Services, Mr. Egboagwu Ezulu, has blamed the…
Shell links Naira crash, economic woes to oil theft in Nigeria
Shell Petroleum Development Company (SPDC), on Tuesday, blamed Nigeria’s economic woes, including the free fall of…