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Nigeria’s refining capacity rises to 26%

The Nigerian National Petroleum Corporation, NNPC, has put the combined average capacity utilisation of Nigeria's four refineries at 25.95 per cent for the month of ...

FG partners local investors to develop mining sector

The Minister of Mines and Steel Development, Mr Musa Sada, said the Federal Government would partner with Kaduna Chamber of Commerce, Industry, Mines and Agriculture ...

Downstream players in Nigeria's petroleum industry urged to expand capacity

Downstream players in Nigeria’s petroleum industry have been challenged to expand capacity through the construction of refineries to become net producers of petroleum products in ... Full story

Naira Slides Against The Dollar

The naira, on Monday, weakened against the US dollar, losing N0.44 kobo at the interbank market. The naira closed at N159.04/$ on Monday, compared to N158.60/$ ... Full story

Nigeria seeks financial advisers for a $100 million diaspora bond

Nigeria is looking for an international bank and a local lender to act as financial advisers for a $100 million diaspora bond to be issued ... Full story

Oil Thieves Drag Nigeria's National Economy, Global Markets Down

Hidden by mangrove trees in the murky swamps of Nigeria's southern Delta region, a thief stealthily bores a hole into a giant oil pipeline. The ... Full story

Virgin Air Allows Passengers To Send Drinks and Chat With Each Other

 For the shy guys, its flirting made easy as Virgin Launches new system that allows you to send a drink to a fellow passenger and ... Full story

NCC - Nigerians spent N223bn talking on telephone in 2012

Nigerians spent N223 billion or about N22.3 billion minutes talking on telephone in 2012, according to information provided by a global consulting firm, Price- WaterHouseCooper ... Full story

House of Representatives query $6m monthly payments to ASYCUDA firm

The House of Representatives Committee on Customs has described Web Fontaine, which powers the Automated System of Customs Data (ASYCUDA), as a drainpipe as the ... Full story

Gunmen Release Nigerian Oil Vessel Seized Off Ivory Coast; 5,000 Metric Tons Of Fuel Gone

Gunmen who hijacked an oil tanker last week near Ivory Coast’s port of Abidjan have released it after taking the cargo, the Nigerian ship owner ... Full story

Angry Unpaid Workers Ask Former Gov. Daniel To Close Down Nigerian Compass

Staff of the Nigerian Compass newspaper stunned the publishing firm’s Managing Director, Sina Kawonise, by asking him to tell former Governor Gbenga Daniel to close ... Full story

Okonjo-Iweala: Nigeria loses N2tn annually in maritime sector

Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said Nigeria loses more than N2tn annually to capital flight following inability of indigenous ship owners to fully ... Full story

President Jonathan Approves New NNPC Board of Directors

President Goodluck Jonathan, has today approved the constitution of a new Board for the Nigerian National Petroleum Corporation (NNPC). The new Board is made up of ... Full story

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Mainstreet Bank, formerly Afribank Plc sacks 800 workers

THE management of Mainstreet Bank Plc, formerly Afribank Plc, Friday, sacked no fewer than 800 workers despite the Federal Government’s directive to the management of ... Full story

Air Nigeria suspended by NCAA over financial distress

Air Nigeria, the airline belonging to business mogul, Barrister Jimoh Ibrahim, has been suspended by the Nigerian Civil Aviation Authority, NCAA, allegedly because the airline ... Full story

Mallam Lamido Sanusi wears chieftaincy robe to office

The Governor, Central Bank of Nigeria, Mallam Lamido Sanusi, on Wednesday caused a stir at the bank’s headquarters in Abuja when he appeared in his ... Full story

Arumah Oteh, SEC Director-General Petitions Presidency, Finance Minister over suspension

Director-General of the Securities and Exchange Commission, SEC, Tuesday, petitioned the Presidency and other relevant authorities over her suspension from office by the Board of ... Full story

NPA retirees wants Bode George barred from public office

BY GODWIN ORITSE THE Pensioners Welfare Association of the Nigerian Ports Authority (NPA) has condemned the way and manner members of the People Democratic Party (PDP) ...

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