Global banking giants, HSBC Bank and UBS Group, have closed their offices in Nigeria, the Central Bank of Nigeria (CBN) said yesterday, while also noting that foreign investment had fallen sharply from a year ago. Read more

Brazil’s Petroleo Brasileiro SA will sell its 50 percent stake in a Nigerian oil and gas exploration venture to a consortium led by top oil trader Vitol for $1.53 billion, the latest step in the state-controlled oil company’s debt reduction drive, according to a securities filing on Wednesday. Read more

  The House of Representatives Committee on Petroleum (Downstream) yesterday summoned the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, over alleged missing N91trillion oil revenue. Read more  

Google is struggling to contain a growing internal backlash over its handling of sexual harassment and its workplace culture. Read more

  In line with global best practices and to check dwindling revenues, the Federal Government has approved a new Treasury Single Account [TSA] tariff model which mandates that service charge on payment to its ministries, departments and agencies [MDAs] from November 1, 2018 would be borne by the payer. Read more

    THE $12 billion Dangote refinery will transform and diversify Nigeria’s economy when completed in 2019.Read more

Power generation in the country plunged to 2,390.20 megawatts on Monday as the number of idle power plants rose from seven to 15, according to the latest data from the Federal Ministry of Power, Works and Housing. Read more

Authorised dealers in the wholesale segment of the interbank foreign exchange market received $100m as intervention from the Central Bank of Nigeria on Tuesday to meet the requests of their customers. Read more

Nigerian National Petroleum Corporation, NNPC, said, yesterday, that the Federal Government was not considering undertaking a review of the pump prices of petroleum products, especially Premium Motor Spirit, PMS, also known as petrol. Read more

A Lion Air plane that crashed into the ocean off Indonesia carrying almost 200 people was brand new and had encountered a “technical issue” on its previous flight. Read more

    With just two months after the effective take off of the newly introduced Multi-Fund Structure by the National Pension Commission (PenCom), the contributions under the watch of the institution has risen to N8.34 trillion as at September 30, from N8.04 trillion at the end of March 2018. Read more

Jumia Nigeria is offering discounts on over four million products as part of the sixth Black Friday commemoration. Read more

The micro pension scheme will expand coverage of the Contributory Pension Scheme, CPS, to include self employed individuals such as artisans as well as employees of organizations with less than three people on their payroll. Read more

DIAMOND Bank Plc has recorded N142.54 billion in gross earning, and N3.09 billion profit before tax, PBT for the nine month ended September 30, 2018. Read more    

The Dangote Flour Mill has broken the Guinness Book of Records for the World’s Largest Puff-Puff pyramid, as it fried two metric tonnes  of flour to celebrate the 2018 World Puff-Puff Day on 27 October. Read more

JAKARTA: A search and rescue mission is under way for passengers of Lion Air flight JT610 after it crashed early on Monday (Oct 29). Read more  

The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has restated that the decision to restrict access to the bank’s foreign exchange official window for the importation of 41 items is in the best interest of the Nigerian economy. Read more

Dr. Wiebe Boer is the Chief Executive Officer of All On, an off-grid energy investment company. He has spent over 20 years living in Nigeria, having been born and raised by missionary parents in Jos, Plateau State. He tells JESUSEGUN ALAGBE about his experience in the off-grid energy sector and upbringing, among others. Read more

  The Nigerian National Petroleum Corporation, NNPC, Friday, described as false, allegations that it is subtly funding the media and publicity arm of the re-election campaign of President Muhammadu Buhari. Read more

The Federal Government would deliver about 3.4 billion standard cubic feet of gas per day to bridge the medium-term supply gap by 2020. Read more