NNPC explains cause of Sunday’s deadly explosion in FESTAC area of Lagos

NNPC, Domestic Crude Allocation, Why NNPC’s Duke Oil is quitting London operations for Dubai , NNPC divests stake in four oil wells to NPDC , How NNPC discovered oil, gas deposits in the North , Nigeria to leverage on condensate refineries to be petrol net exporter, How NNPC saved $3 billion from arbitration , NNPC, IPPG donate medical supplies to South West state governments, NNPC discloses bases for employment and managerial progression in the oil firm, NNPC diversifies into housing, power; plans to beat crude production cost to $10 per barrel

The Nigerian National Petroleum Corporation said Sunday's deadly explosion in FESTAC, Lagos, was caused by gas leakage.

FG directs the suspension of NIMC staff involved in extortion of NIN applicants, SIM. Social media accounts monitoring, FG completes 11 projects to drive Digital Economy, FG orders NIPOST to stop cash transactions , Pantami moves to ban automatic voicemail service by telcos , Why Nigeria’s Data woes may not end soon , Pantami reacts to CBN’s ATM fee cut, keeps mute on directive to cut data cost , Pantami condemns FIRS move to collect stamp duty, MTN, Airtel, others disregarding Pantami’s voicemail, data directives on all front , FG warns State governments against RoW charge increase, FG reiterates commitment towards implementing broadband strategy ,FG reiterates commitment to 75% broadband penetration in 5 years , Pantami tasks Youth on developing creative and entrepreneurial digital skills

FG seeks support from Sweden to deploy robust broadband infrastructure

March 15, 2020

The Federal Government has sought the support of the Swedish government for the deployment of more robust broadband infrastructure in ...

Second largest hydropower project in Africa to finally take off after settlement of legal dispute

Mambilla Plant: FG disburses N700 million for power project

by Chidinma Nwagbara

March 15, 2020

No less than N700 million has been disbursed for the carrying out of survey works on the project site of ...

FG shut down Chinese restaurant for racial discrimination against Nigerians

FCCPC shuts down Chinese restaurant for racial discrimination

by Fakoyejo Olalekan

March 14, 2020

The Federal Government (FG) has shut down the Chinese outlet, Haufei Restaurant & Mall, for discriminating against Nigerians.

Emeka Emuwa ceo of union bank, DEAL: Reports suggest Zenith Bank given green light to acquire Union Bank

Update: Reports suggest Zenith Bank considering merger with Union Bank

by Olumide Adesina

March 14, 2020

Zenith Bank Plc has reportedly been given the green light to merge or acquire Union Bank Nigeria Plc.

OFFICIAL: Bank charge N368 per dollar for debit card transactions

by Emmanuel Abara Benson

March 14, 2020

It appears the official exchange rate is now N368 per dollar, at least based on a bank customer’s experience and ...

Nigerian Stock Exchange, NSE: Return of the Bulls, Bulls reign at the bourse as stocks gain N460.69 billion on Wednesday, Okomu, UACN, Ekocorp top gainers list on Friday, Stock Market closed the week bullish as ASI grew 0.94% , Investors gain N41.94 billion on Tuesday as Bulls make rebound, NSE: Bearish trade costa investors N12.2 billion on Tuesday, NEM, Mansard, First Bank lead gaining stocks as ASI grew 0.61%, Nigerian bourse breathes a sigh of relief, index up 0.17%, Bulls charged Nigerian bourse, ASI Index up 1.09% investors gain N128.49 billion, Bulls stage comeback has ASI up 0.19%, investors gain N21.86 billion, Bulls gain momentum, as stimulus package lifts global financial markets, Bulls dominate Nigerian bourse investors gain N162 billion

Nigerian bourse breathes sigh of relief, index up 0.17%

by Olumide Adesina

March 14, 2020

The Nigerian equity market, indicators of the Nigerian Stock Exchange, on Friday gained by 0.17%, after four days of consecutive ...

CBN releases new guidelines for OFIs, orders inclusion of NUBAN code or face sanctions

by Fakoyejo Olalekan

March 13, 2020

The CBN has directed Other Financial Institutions (OFIs) to adopt the compulsory Nigeria Uniform Bank Account Number (NUBAN) or face sanctions.

Nigerian electric car manufacturer raises $9 million despite protest against electric car in Nigeria

Nigerian automaker raises $9 million despite protest against electric car in Nigeria

by Fakoyejo Olalekan

March 13, 2020

JET Motor Company has raised $9 million from foreign investors as it intensifies the creation of electric vehicles in Nigeria.

CBN goes hard on BDC operators, issues various fines

by Chike Olisah

March 13, 2020

Over 100 Bureau De Change Operators were fined N5 million by the Central Bank of Nigeria for various infractions in ...

Tag: Nigerian Business News