We paid FG $42bn in five years – Shell:
The Netherlands-based Royal Dutch Shell Plc on Monday said the economic contribution from Shell Petroleum Development Company of Nigeria Limited joint venture partners to the Federal Government was $42bn from 2011 to 2015.
Oil freeze: Nigeria seeks consensus among OPEC members:
Nigeria is seeking a consensus among members of the Organisation of Petroleum Exporting Countries as regards talks concerning crude oil production freeze.
NSE experiences disruption for 90 minutes:
Nigerian equities extended their declines in an interrupted session (technical glitch) on Monday, which dragged trading for an additional 90 minutes.
PPMC sold N66bn worth of petrol in February
The Pipelines and Product Marketing Company, PPMC, sold Premium Motor Spirit, PMS, also known as petrol, valued at N66.134 billion in the month of February 2016, the Nigerian National Petroleum Corporation, NNPC, has said.
Nigeria loses N127bn annually to cyber-crime — NSA :
ABUJA—THE National Security Adviser, NSA, Major-General Babagana Monguno(retd), yesterday, disclosed that Nigeria lost N127bn to cybercrime through software piracy, intellectual property theft and malware attacks between 2013 and 2014.
2016 budget controversy threatens stock investments — SEC :
The Securities and Exchange Commission, SEC has said that the controversies trailing the 2016 budget was affecting investment decision in the Nigerian market.
#PanamaPapers: How Tinubu Operated 12 Shell Companies in Tax Havens:
Last October, Nigeria’s biggest indigenous oil and gas company, Oando Plc, made history for the wrong reason when it announced a loss of N184 billion in the 2014 financial year.
NCC eyes N44.6b from 2.6GHz sale:
The Nigerian Communications Commission (NCC) said it will not only boost Federal Government revenue by auctioning the 2.6gigahertz (GHz) spectrum, it will also encourage indigenous players to play important roles in the industry and boost the Federal Government’s National Broadband Plan (NBP).
Passenger traffic ‘rises by 23% in 12 years‘:
Passenger traffic at Nigerian airports in the last 12 years increased by 23 per cent, Federal Airports Authority of Nigeria (FAAN) Managing Director Saleh Dunoma has said.
Oil prices tumble after Doha talks collapse:
Oil prices tumbled yesterday after a meeting of major exporters in Qatar collapsed without an agreement to freeze output.