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Oil export revenue drops by N403bn, says CBN

Nigeria earned N207.54bn from crude oil and gas export in the first half of this year, falling short of the Federal Government’s target of...

Two foreign banks shut down Nigerian operations

The Central Bank of Nigeria on Friday said two foreign banks, HSBC and UBS, have closed their offices in Nigeria. The CBN also revealed that...

Foreign reserves sink below $42bn, lowest in eight months

The nation’s foreign exchange reserves have plunged below 42 billion dollars, hitting their lowest level in more than eight months, latest data from the...

NSE suspends trading in shares of 6 listed firms

The Nigerian Stock Exchange, NSE, yesterday suspended trading on the shares of six listed companies for failure to file their relevant financial accounts to...

NNPC, BP sign 6-month crude-for-product swap

The Nigerian National Petroleum Corporation, NNPC, yesterday, said it has signed a six-month crude-for-product swap agreement otherwise known as Direct Sale-Direct Purchase (DSDP) with...

Apple falls below 1 trillion dollars despite revenue, profit rise

Apple briefly lost its one trillion dollars valuation when its shares fell 7% in after-hours trading despite posting record results.   The tech giant's strategy of...

$22.06 bn, N481.75bn not remitted to FAAC, says NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI) says that the 22.06 billion dollars and N481.75 billion yet to be remitted by NNPC and others...

Naira down to 360.5 per dollars in parallel market

The Naira, yesterday depreciated to 360.5 naira per dollar in the parallel market.   According to naijabdcs.com, the live exchange rate platform of the Association of...

Federal Government earned 1.16 billion naira from rail in six months – NBS

Between January and June this year, the Federal Government generated a total amount of N1.16bn from the rail transportation system.   The figure was contained in...

Activities in oil & gas sector have improved tremendously – Kachikwu

The Minister of State for Petroleum, Dr. Ibe Kachikwu has said the activities of President Muhammadu Buhari-led administration in the oil and gas sector...
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