[Falling Knife Alert] Oil slide may extend below $50 on U.S refinery slowdown

There is an old saying among investors “Don’t catch a falling Knife.” While hedge funds can go long or short oil and make money either...

Buhari Appoints New GMD For NNPC. Find Out Who

President Muhammadu Buhari has approved the appointment of Dr. Emmanuel Ibe Kachikwu as the new Group Managing Director (GMD) of the...

BPE Says FG May Eventually Privatize All Four Refineries

The Bureau of Public Enterprises (BPE) has hinted that the Federal Government may be planning to eventually privatize the nation’s...

[REVEALED] Are Our Refineries Low On Production?

Current data on refineries production in Nigeria indicate that more heavy or fuel oils (low and high fuel oil/black oil)...

CBN’s N213bn Power Fund Will Be Disbursed In 3 Weeks

The Central Bank is working with the Nigeria Electricity Regulatory Commission (NERC) to ensure the full disbursement in three weeks,...

Are You Listed In The Bank Debtors Register? Find Out More

Nigerian Deposit Money Banks on Monday continued with the policy of naming and shaming their delinquent debtors with further publication...

PMB Orders Slash Of Recurrent Budget

President Muhammadu Buhari has directed the National Planning Commission (NPC) to go back to the drawing board and produce the...

Countries, Banks, Financial Institutions Holding Stolen Crude Oil Payment Have Been Identified Says FG

President Muhammadu Buhari on Monday in Abuja said banks, financial institutions and countries where payments for stolen Nigerian crude oil...

Terminal Operators Tensed As FG Plans Audit, Review Of Port Concession

Seaport terminal operators and shipping companies are cur­rently jittery following the Fed­eral Government’s resolve to review the 2006 port concession project...

FG Grants 12 Additional Auto Assembly Plants Licences

The Federal Government through the National Automotive Design and Development Council (NADDC), on Monday in Abuja,  awarded licences for the establishment...

Naira Gains On Black Market As Banks Reject Dollar Deposits

The naira gained on the parallel market on Monday, after Nigeria's commercial banks stopped accepting cash deposits in dollars, a...

BPE Moves To Halt Capital Flight From Health, Transport Sectors

The Bureau of Public En­terprises (BPE) is making fresh moves to stem the high rate of capital flight from the...

US Will Assist Nigeria After PMB Appoints Ministers

Notwithstanding the success of President Muhammadu Buhari’s visit to the United States of America last month, the US government was...

CBN Might Expand Its List of Restricted Items From Forex Market

The Central Bank of Nigeria (CBN) has said it may increase the list of items excluded for funding from the...

Find Out Who The Bank Debtors Are

Banks are exposing the businesses and people behind the mountain of debts threatening to kill the sector  – courtesy of...

NBS Says Unemployment Rate Went Up to 8.2% in Q2

The National Bureau of Statistics, NBS, yesterday said the country’s unemployment rate rose to 8.2 per cent in the second...

NNPC Repairs Arepo Oil Pipeline

The Nigerian National Petroleum Corporation (NNPC), said it had repaired the System 2B Pipeline, which was breached on July 21...

This Is How Much Nigerians Spend On Electricity Annually

An advocate for steady and sustainable power supply in Nigeria, Mr. Festus Mbisiogu, has revealed that Nigerians spend over N150...

Kaduna Refinery Plans To Hit 2m Litres Per Day From October As Production Begins

The Kaduna Refining and Petrochemicals Company (KRPC), is now refining of about 60,000 barrels of crude per day following the...

Work To Begin On $1.5bn Petrochemical Plant In A/Ibom

Akwa Ibom State Governor, Udom Emmanuel, has said that work would soon commence on the $1.5 billion petrochemical plant located...

CBN Says It Has Defended The Naira With $4.9b In 3 Months

The efforts by the Central Bank of Nigeria to stabilise the naira at the interbank market depleted the nation’s external...

Here’s How Much Telecom Companies Spent On Diesel In One Year

The poor electricity supply in Nigeria has brought untold hardship to the telecoms industry as telecommunication operators purportedly spend as...

Expect 760,000 Tonnes Of Thai Rice, Others In September

The government of Thailand has struck preliminary deals to export a total of 760,000 tonnes from its huge stockpiles to...

EU Offers 80 Million Euro Grant To Niger Delta States

The European Union on Thursday announced an offer of an additional 80million Euros grant to the four Niger Delta States...

In three years, Nigerians Spend Over N2bn On South African Visas

As Nigerians display a marked preference for foreign holiday destinations at the expense of domestic ones, successful visa applicants in...

Senate Wants FG To Stop Waivers On Rice And Other Imports

Following the loss of billions of naira to waivers, the senate yesterday urged the federal government to stop all waivers...

See The Three Banks Blacklisted By Customs From Collecting Duties

Three commercial banks, namely GT Bank Plc, Fidelity Bank Plc and Diamond Bank Plc, have been suspended by the Nigeria Customs...

NCAA Will Publish Names Of Debtor Airlines

The Nigerian Civil Aviation Authority (NCAA) on Thursday threatened to publish names of airlines who had not been remitting the...

Telecom, Oil Coys May be Compelled to List On The Stock Exchange

The Speaker, House of Representatives, Yakubu Dogara, said it may legislate to compel multinational oil, gas and telecommunication corporations to...

28 Ships Containing Petroleum Products, Foods, Expected In Lagos Ports

Twenty-eight ships laden with petroleum products, food items and other goods, are expected to arrive Lagos ports from July 30...

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Meet Abdulwasiu Sowami, the silent billionaire who acquired Forte Oil

Although, Femi Otedola’s decision to divest his shares in Forte Oil came as a surprise to many Nigerians, it was more surprising that it was acquired by Nigerian company, Prudent Energy & Services Limited, owned by a Nigerian businessman and oil mogul.
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Akin Alabi questions Jumia’s operating model, Jumia responded

The founder of NairaBET, @akinalabi, has condemned e-commerce company, Jumia, for having his business and marketing book listed for sale on their platform without seeking his permission.
Gainers and Losers, Nigerian Stock exchange

NAHCO and CAP Plc end the week at year lows

McNichols Plc was the worst performing stock on the @nsecontact declining by 18.18% to close at a year low of N0.45.