The Nigerian Content Development and Monitoring Board (NCDMB) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have inaugurated a six-man Anti-Corruption and Transparency Unit (ACTU) committee at the Nigerian Content Tower in Yenagoa, Bayelsa State. The Executive…
By Uthman Salami A respectable investment bank, Goldman Sachs has predicted a downward review of Brent crude price, which it initially forecast at $140 a barrel. The price of the crude is now predicted to decline from $140 to $110…
By Uthman Salami The President, Muhammadu Buhari has consented to the acquisition of the shares of Exxon Mobil Nigerian unit by Seplat Energy Limited. The Special Adviser to the President on Media and Publicity, Femi Adesina, in a statement, said…
The profile of deficiencies in the workings of the power sector in Nigeria has pose insufficiency in the provisions of the sector. The deliverables of the sector have been of large deficits not only to commercial demands but also domestic…
By Philemon Adedeji The Nigerian equities market yesterday closed lower to open the week, reversing prior session gains as the market capitalisation lost N125 billion of its value to sell pressure from investors. The All Share Index (ASI) decreased by…
The combined market capitalisation of stocks worth over one trillion (SWOOTs) appreciated by 0.21 per cent to close at N20.05 trillion from N20.01 trillion the previous week, reflecting a growth of N42.15 billion. Stocks included in this classification are AIRTELAFRICA,…
By Philemon Adedeji Nestlé Nigeria plc has announced 30 per cent growth in revenue to N222.5 billion in its half year (H1) unaudited financial statement for the period ended June, 30, 2022, from N171.4 billion announced in prior-year (H1) results.…
…To bridge supply gap in nigeria’s aviation industry in six months In its efforts to ameliorate the fuel supply disruptions to the aviation industry, Nigeria’s emerging indigenous oil and gas major, Bonny Light Energy and Offshore Limited, has committed to…
By Olaseinde Gbenga The United Nations’ Food and Agricultural Organisation (FAO)’s monthly food price index report has revealed that the global food prices dropped for the fourth consecutive month in July. The food price index report, which tracks global commodities,…
By Matthew Denis, Abuja The Nigeria Customs Service (NCS) has restated that its electronic auction (e-auction) platform is functional and remains the only authentic means of auctioning goods to members of the public. This was contained in a statement signed…
