Nigeria’s biggest mobile phone operator MTN has warned that its network faces shutdown due to fuel shortages that have crippled the nation. The company, the biggest subsidiary of the S... Read more
Nigerian protesters shut down crude oil production at two flow stations of the Nembe oilfield in Bayelsa state on Friday over what they said was the sell-off of the region’s energy wea... Read more
Gas supply to the Ghana has been cut as a result of the envisaged strike action by oil workers in Nigeria leading to energy crisis in the West African country. Ghana’s electricity generation... Read more
The Chief of Defence Intelligence, Rear Admiral Gabriel Okoi, said the Nigerian banking system has not been helpful in tracking the sources of funds to terrorists in the country. Okoi said t... Read more
The threat by the Central Bank of Nigeria (CBN), to publish names of banking sector bad debtors has come good for Fidelity Bank PLC. The bank said it recovered a total of N8 billion loans fr... Read more
The last has not been heard of the effects of the downward trend in global oil prices. Firms are struggling to break even in these tough times of unwanted surplus and political gimmicks by... Read more
May 20 Yields on Nigeria’s local bonds rose slightly on Wednesday after central bank’s harmonisation of the Cash Reserves Requirement (CRR) on public and private sector deposits... Read more
The Securities and Exchange Commission has suspended BGL Group Plc from all capital market operations and de-registered its Group Managing Director, Albert Okumagba, as a Sponsored Indivi... Read more
Outgoing Nigerian President Goodluck Jonathan has approved the 4.5 trillion naira ($22.6 billion) budget for 2015, which was passed by parliament in late April, the president’s spokesm... Read more
Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), on Tuesday retained the benchmark Monetary Policy Rate (MPR) at 13 per cent while also harmonizing Cash Reserve Ratio a... Read more