The Asset Management Corporation of Nigeria (AMCON) has said that in order to recover its huge debts from Arik Air, it injected over N375 billion in the airline and established
Saudi Arabia is prepared to support extending oil cuts by OPEC and allies into May and June and is also ready to extend its own voluntary cuts to boost oil
Nike is suing Brooklyn art collective MSCHF over a controversial pair of “Satan Shoes” that contain a drop of real human blood in the soles. The $1,018 (£740) trainers, which
Seplat Petroleum Development Company Plc (Seplat), a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), has priced its offering
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A former Nigerian Vice President, Atiku Abubakar, has called on the federal government to sell off the country’s petroleum company and its refineries, saying the country is better off privatising
Facebook said on Monday it planned two new undersea cables to connect Singapore, Indonesia and North America in a project with Google and regional telecommunication companies to boost internet connection
The Nigerian National Petroleum Corporation (NNPC) has so far paid a total of $3.118 billion cash-call debts owed the five major international oil companies (IOCs), leaving an outstanding debt of
With the drastic shift from agrarian, industrial and information ages, the future is now tied to providing knowledge-based solutions to practical problems in education, medicine, commerce and industry, environment and
The Auditor-General of the Federation (AuGF), Adolphus Aghughu has warned the country’s head of Ministries, Departments and Agencies (MDAs) against late or non-submission of annual financial reports, saying grave sanctions
The Nigerian National Petroleum Corporation (NNPC) has said it would maintain its current ex-depot price of petrol until the conclusion of an ongoing engagement with the organised labour and other
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Thursday restated the bank’s commitment to improve local production of wheat and reduce importation by 60 per
The stranded Ever Given mega-container ship in the Suez Canal is holding up an estimated $9.6bn (£7bn) of goods each day, according to shipping data. This works out at $400m
President Muhammadu Buhari has re-appointed Alex Okoh as the Director-General of Nigeria’s Bureau of Public Enterprises for a second four-year term. The Senior Special Assistant to the Vice President on
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The immediate past Chief Executive Officer of Access Bank Plc, Mr. Aigboje Aig-Imoukhuede, has stressed the need for the transformation of the insurance and asset management sectors in order to
A Federal High court sitting in Kano on Thursday overruled the removal of directors of Oando Plc by the Securities and Exchange Commission (SEC). In the ruling, it stated that
Nigeria’s federal government has announced the conclusion of the bid round for the award of 57 marginal oilfields, won by 161 of the bidding companies. The 161 successful bidders emerged
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